Las Vegasnds (FRA:LCR) EBIT: €2,795 Mil (TTM As of Mar. 2026)


FRA:LCR Las Vegas Sands Corp FRA:LCR
82 GF Score
Price €41.76
GF Value €59.61
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Las Vegasnds EBIT?

Las Vegasnds FRA:LCR +0.10% 82 EBIT is €2,795 Mil as of Mar. 2026. GuruFocus rates FRA:LCR with a GF Score™ of 82/100 and a GF Value™ of €59.61 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Las Vegasnds's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €810 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €2,795 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Las Vegasnds's annualized ROC % for the quarter that ended in Mar. 2026 was 16.76%. Las Vegasnds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Las Vegasnds's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.30%.


Las Vegasnds  (FRA:LCR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Las Vegasnds's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3169.36 * ( 1 - 14.3% )/( (16216.606 + 16204.91)/ 2 )
=2716.14152/16210.758
=16.76 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=18719.68 - 1982.134 - ( 3280.214 - max(0, 3605.588 - 4126.528+3280.214))
=16216.606

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=18317.24 - 2429.785 - ( 2880.45 - max(0, 4007.545 - 3690.09+2880.45))
=16204.91

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Las Vegasnds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3238.56/( ( (12451.32 + max(-1795.962, 0)) + (12497.52 + max(-1620.145, 0)) )/ 2 )
=3238.56/( ( 12451.32 + 12497.52 )/ 2 )
=3238.56/12474.42
=25.96 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(633.668 + 39.284 + 173.362) - (1982.134 + 660.142 + 4.5474735088646E-13)
=-1795.962

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(585.605 + 39.79 + 184.245) - (2429.785 + 0 + 0)
=-1620.145

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Las Vegasnds's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2794.697/38281.234
=7.30 %

* 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.


Las Vegasnds EBIT Related Terms


Las Vegasnds EBIT Historical Data

* Premium members only.

The historical data trend for Las Vegasnds's EBIT 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.

Las Vegasnds EBIT Chart

Las Vegasnds Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -754.91 -646.64 2,377.78 2,566.09 2,526.99

Las Vegasnds Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 596.63 696.20 655.19 633.67 809.64

FRA:LCR vs MGM, WYNN, BYD: EBIT Comparison

For the Resorts & Casinos subindustry, Las Vegasnds's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Las Vegasnds EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's EV-to-EBIT falls into.


FRA:LCR
82GF Score
Las Vegas Sands Corp FRA:LCR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Las Vegasnds EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,795 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €2,795 Mil mean?
Las Vegasnds (FRA:LCR) has a EBIT of €2,795 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Las Vegasnds.
Is Las Vegasnds' EBIT too high?
Las Vegasnds' current EBIT is €2,795 Mil. Overall, Las Vegasnds has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' EBIT compare to MGM and WYNN?
Las Vegasnds' EBIT of €2,795 Mil 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 EBIT for a Travel & Leisure company?
A good EBIT depends on the Travel & Leisure industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Las Vegasnds. Las Vegasnds's current EBIT is €2,795 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Las Vegasnds stock overvalued right now?
Based on GuruFocus' analysis, Las Vegasnds (FRA:LCR) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.61, compared to a current price of €41.76 — trading 29.9% below its estimated fair value. The current EBIT is €2,795 Mil. Las Vegasnds' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Las Vegasnds (FRA:LCR), the current EBIT is €2,795 Mil as of Mar. 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 Las Vegasnds (FRA:LCR) Overvalued in 2026?

Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued. The current stock price of €41.76 is trading 29.9% below its estimated GF Value™ of €59.61. GuruFocus considers Las Vegasnds to be Significantly Undervalued.

Key valuation signals for FRA:LCR:

  • EBIT: €2,795 Mil
  • GF Value™: €59.61 vs. price of €41.76 (29.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Las Vegasnds Business Description

Address 5420 S. Durango Drive, Las Vegas, NV, USA, 89113
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
82GF Score

Get the complete analysis for FRA:LCR

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

€41.76
Price
€59.61
GF Value