Light & WonderASX:LNW -2.01%83 FCF Margin % is 8.23% as of Mar. 2026, which is 27% below its 10-year median of 11.30. GuruFocus rates ASX:LNW with a GF Score™ of 83/100 and a GF Value™ of A$158.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 843 Travel & Leisure companies, Light & Wonder ranks better than 69.04% on this metric.
The historical rank and industry rank for Light & Wonder's FCF Margin % or its related term are showing as below:
ASX:LNW'
s FCF Margin % Range Over the Past 10 Years
Min: -23.77 Med: 11.3 Max: 23.87
Current: 12.77
During the past 13 years, the highest FCF Margin % of Light & Wonder was 23.87%. The lowest was -23.77%. And the median was 11.30%.
ASX:LNW's FCF Margin % is ranked better than 69.04% of 843
companies
in the Travel & Leisure industry
Industry Median: 5.86
vs ASX:LNW: 12.77
Light & Wonder FCF Margin % Related Terms
Light & Wonder FCF Margin % Historical Data
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The historical data trend for Light & Wonder's FCF Margin % 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.
ASX:LNW vs SGHC, CHDN, RSI: FCF Margin % Comparison
For the Gambling subindustry, Light & Wonder's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Light & Wonder's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Light & Wonder's FCF Margin % falls into.
* 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 (ASX:LNW) has a FCF Margin % of 8.23% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Light & Wonder and its competitors. This is 27% below median its historical median of 11.30. According to the industry distribution chart, Light & Wonder ranks #261 out of 843 companies in the Travel & Leisure industry, placing it in the top 31%.
Is Light & Wonder's FCF Margin % too high?
Light & Wonder's current FCF Margin % of 8.23% is 27% below median its 10-year median of 11.30. The Travel & Leisure industry median FCF Margin % is 5.86. Light & Wonder's value of 8.23% is 40.4% above this industry median. Based on the distribution chart, Light & Wonder ranks #261 out of 843 companies in the Travel & Leisure industry, which is above the industry midpoint. 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 FCF Margin % compare to SGHC and CHDN?
According to the Travel & Leisure industry distribution chart, Light & Wonder ranks #261 out of 843 companies for FCF Margin %. This puts Light & Wonder in the upper half of its industry. The industry median FCF Margin % is 5.86. Light & Wonder's value of 8.23% is 40.4% above this benchmark. While the company's 10-year median is 11.30 vs. the industry median of 5.86, Light & Wonder has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Travel & Leisure company?
The median FCF Margin % among Travel & Leisure companies is 5.86, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Light & Wonder's current FCF Margin % of 8.23% is 40.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Light & Wonder and its competitors. For the Travel & Leisure industry, the median FCF Margin % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Light & Wonder's current FCF Margin % is 8.23%, which is 27% below median its own 10-year median of 11.30. 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$158.01, compared to a current price of A$119.09 — trading 24.6% below its estimated fair value. The current FCF Margin % is 8.23%, which is 27% below median its 10-year median of 11.30 and 40.4% above the Travel & Leisure industry median of 5.86. Light & Wonder's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Light & Wonder (ASX:LNW), the current FCF Margin % is 8.23% 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 Light & Wonder (ASX:LNW) Overvalued in 2026?
Based on GuruFocus' analysis, Light & Wonder stock appears to be undervalued.
The current stock price of A$119.09 is trading 24.6% below its estimated GF Value™ of A$158.01.
GuruFocus considers Light & Wonder to be Modestly Undervalued.
Key valuation signals for ASX:LNW:
FCF Margin %: 8.23% (27% below median its 10-year median of 11.30)
GF Value™: A$158.01 vs. price of A$119.09 (24.6% below fair value)
Industry Position: 40.4% above the Travel & Leisure median (#261 of 843)
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 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
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