Light & Wonder (ASX:LNW) E10: A$5.37 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:LNW Light & Wonder Inc ASX:LNW
83 GF Score
Price A$130.71
GF Value A$156.05
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Light & Wonder E10?

Light & Wonder ASX:LNW +1.98% 83 E10 is A$5.37 as of Jun. 2026. GuruFocus rates ASX:LNW with a GF Score™ of 83/100 and a GF Value™ of A$156.05 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Light & Wonder's adjusted earnings per share data for the three months ended in Jun. 2026 was A$2.177. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is A$5.37 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Light & Wonder's average E10 Growth Rate was 218.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Light & Wonder was 74.30% per year. The lowest was -344.80% per year. And the median was -6.90% per year.

As of today (2026-08-30), Light & Wonder's current stock price is A$130.71. Light & Wonder's E10 for the quarter that ended in Jun. 2026 was A$5.37. Light & Wonder's Shiller PE Ratio of today is 24.34.

During the past 13 years, the highest Shiller PE Ratio of Light & Wonder was 1311.00. The lowest was 19.36. And the median was 88.74.


Light & Wonder  (ASX:LNW) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Light & Wonder's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=130.71/5.37
=24.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Light & Wonder was 1311.00. The lowest was 19.36. And the median was 88.74.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Light & Wonder E10 Related Terms


Light & Wonder E10 Historical Data

* Premium members only.

The historical data trend for Light & Wonder's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Light & Wonder E10 Chart

Light & Wonder Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -0.10 1.05 4.91

Light & Wonder Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.81 4.68 4.91 4.97 5.37

ASX:LNW vs CHDN, SGHC, RSI: E10 Comparison

For the Gambling subindustry, Light & Wonder's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Light & Wonder Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Light & Wonder's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Light & Wonder's Shiller PE Ratio falls into.


ASX:LNW
83GF Score
Light & Wonder Inc ASX:LNW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Light & Wonder E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Light & Wonder's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.177/333.9520*333.9520
=2.177

Current CPI (Jun. 2026) = 333.9520.

Light & Wonder Quarterly Data

per share eps CPI Adj_EPS
201609 -1.488 241.428 -2.058
201612 -1.715 241.432 -2.372
201703 -1.496 243.801 -2.049
201706 -0.582 244.955 -0.793
201709 -0.828 246.819 -1.120
201712 -0.628 246.524 -0.851
201803 -2.887 249.554 -3.863
201806 -0.080 251.989 -0.106
201809 -5.344 252.439 -7.070
201812 3.083 251.233 4.098
201903 -0.367 254.202 -0.482
201906 -1.195 256.143 -1.558
201909 0.220 256.759 0.286
201912 -0.668 256.974 -0.868
202003 -2.718 258.115 -3.517
202006 -3.115 257.797 -4.035
202009 -1.702 260.280 -2.184
202012 -1.262 260.474 -1.618
202103 -0.208 264.877 -0.262
202106 1.478 271.696 1.817
202109 2.517 274.310 3.064
202112 1.328 278.802 1.591
202203 0.353 287.504 0.410
202206 49.250 296.311 55.506
202209 5.127 296.808 5.769
202212 0.474 296.797 0.533
202303 0.345 301.836 0.382
202306 -0.015 305.109 -0.016
202309 1.260 307.789 1.367
202312 1.076 306.746 1.171
202403 1.342 312.332 1.435
202406 1.355 314.175 1.440
202409 1.049 315.301 1.111
202412 1.895 315.605 2.005
202503 1.492 319.799 1.558
202506 1.705 322.561 1.765
202509 2.031 324.800 2.088
202512 -0.286 324.054 -0.295
202603 0.940 330.213 0.951
202606 2.177 333.952 2.177

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of A$5.37 mean?
Light & Wonder (ASX:LNW) has a E10 of A$5.37 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Light & Wonder and its competitors.
Is Light & Wonder's E10 too high?
Light & Wonder's current E10 is A$5.37. Overall, Light & Wonder has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Light & Wonder's E10 compare to CHDN and SGHC?
Light & Wonder's E10 of A$5.37 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Travel & Leisure company?
A good E10 depends on the Travel & Leisure industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Light & Wonder and its competitors. Light & Wonder's current E10 is A$5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Light & Wonder stock overvalued right now?
Based on GuruFocus' analysis, Light & Wonder (ASX:LNW) is currently considered Modestly Undervalued. The stock's GF Value™ is A$156.05, compared to a current price of A$130.71 — trading 16.2% below its estimated fair value. The current E10 is A$5.37. Light & Wonder's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Light & Wonder (ASX:LNW), the current E10 is A$5.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Light & Wonder (ASX:LNW) Overvalued in 2026?

Based on GuruFocus' analysis, Light & Wonder stock appears to be undervalued. The current stock price of A$130.71 is trading 16.2% below its estimated GF Value™ of A$156.05. GuruFocus considers Light & Wonder to be Modestly Undervalued.

Key valuation signals for ASX:LNW:

  • E10: A$5.37
  • GF Value™: A$156.05 vs. price of A$130.71 (16.2% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the ASX:LNW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Light & Wonder Business Description

Other Exchanges LNWO:USATJW:Germany
Address 6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
83GF Score

Get the complete analysis for ASX:LNW

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$130.71
Price
A$156.05
GF Value