Las Vegasnds (LIM:LVS) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


LIM:LVS Las Vegas Sands Corp LIM:LVS
78 GF Score
Price $54.46
GF Value $81.29
! 2 Warning Signs
View Full Analysis

What is Las Vegasnds Piotroski F-Score?

Las Vegasnds LIM:LVS 78 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates LIM:LVS with a GF Score™ of 78/100 and a GF Value™ of $81.29. The stock has 2 warning signs investors should review. Among 840 Travel & Leisure companies, Las Vegasnds ranks better than 96.79% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Las Vegasnds has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Las Vegasnds's Piotroski F-Score or its related term are showing as below:

LIM:LVS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Las Vegasnds was 9. The lowest was 2. And the median was 6.

Las Vegasnds  (LIM:LVS) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Las Vegasnds Piotroski F-Score Related Terms


Las Vegasnds Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Las Vegasnds's Piotroski F-Score 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 Piotroski F-Score Chart

Las Vegasnds Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 7.00 7.00 8.00

Las Vegasnds Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score 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 6.00 5.00 7.00 8.00 8.00

LIM:LVS vs MGM, WYNN, BYD: Piotroski F-Score Comparison

For the Resorts & Casinos subindustry, Las Vegasnds's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Piotroski F-Score falls into.


LIM:LVS
78GF Score
Las Vegas Sands Corp LIM:LVS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 461 + 419 + 395 + 567 = $1,842 Mil.
Cash Flow from Operations was 178 + 1115 + 1204 + 731 = $3,228 Mil.
Revenue was 3175 + 3331 + 3649 + 3585 = $13,740 Mil.
Gross Profit was 1637 + 1659 + 1768 + 1749 = $6,813 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(21247 + 21850 + 21502 + 21920 + 21176) / 5 = $21539 Mil.
Total Assets at the begining of this year (Mar25) was $21,247 Mil.
Long-Term Debt & Capital Lease Obligation was $13,900 Mil.
Total Current Assets was $4,266 Mil.
Total Current Liabilities was $4,633 Mil.
Net Income was 353 + 275 + 324 + 352 = $1,304 Mil.

Revenue was 2761 + 2682 + 2896 + 2862 = $11,201 Mil.
Gross Profit was 1342 + 1269 + 1412 + 1417 = $5,440 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(21245 + 21113 + 21354 + 20666 + 21247) / 5 = $21125 Mil.
Total Assets at the begining of last year (Mar24) was $21,245 Mil.
Long-Term Debt & Capital Lease Obligation was $10,857 Mil.
Total Current Assets was $3,721 Mil.
Total Current Liabilities was $6,255 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Las Vegasnds's current Net Income (TTM) was 1,842. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Las Vegasnds's current Cash Flow from Operations (TTM) was 3,228. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=1842/21247
=0.08669459

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1304/21245
=0.06137915

Las Vegasnds's return on assets of this year was 0.08669459. Las Vegasnds's return on assets of last year was 0.06137915. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Las Vegasnds's current Net Income (TTM) was 1,842. Las Vegasnds's current Cash Flow from Operations (TTM) was 3,228. ==> 3,228 > 1,842 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=13900/21539
=0.64534101

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=10857/21125
=0.51394083

Las Vegasnds's gearing of this year was 0.64534101. Las Vegasnds's gearing of last year was 0.51394083. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=4266/4633
=0.92078567

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3721/6255
=0.59488409

Las Vegasnds's current ratio of this year was 0.92078567. Las Vegasnds's current ratio of last year was 0.59488409. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Las Vegasnds's number of shares in issue this year was 671. Las Vegasnds's number of shares in issue last year was 713. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6813/13740
=0.49585153

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5440/11201
=0.48567092

Las Vegasnds's gross margin of this year was 0.49585153. Las Vegasnds's gross margin of last year was 0.48567092. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=13740/21247
=0.64667953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=11201/21245
=0.52722994

Las Vegasnds's asset turnover of this year was 0.64667953. Las Vegasnds's asset turnover of last year was 0.52722994. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Las Vegasnds has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Las Vegasnds (LIM:LVS) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Las Vegasnds and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Las Vegasnds' Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Las Vegasnds ranks #27 out of 840 companies in the Travel & Leisure industry, placing it in the top 3.2%.
Is Las Vegasnds' Piotroski F-Score too high?
Las Vegasnds' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Las Vegasnds' value of 8 is 60% above this industry median. Based on the distribution chart, Las Vegasnds ranks #27 out of 840 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Las Vegasnds has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Piotroski F-Score compare to MGM and WYNN?
According to the Travel & Leisure industry distribution chart, Las Vegasnds ranks #27 out of 840 companies for Piotroski F-Score. This places Las Vegasnds in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Las Vegasnds' value of 8 is 60% above this benchmark. Historically, Las Vegasnds' own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Las Vegasnds 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 Piotroski F-Score for a Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Las Vegasnds's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Las Vegasnds and its competitors. For the Travel & Leisure industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Las Vegasnds's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. 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?
Las Vegasnds (LIM:LVS) has a current Piotroski F-Score of 8. The stock's GF Value™ is $81.29, compared to a current price of $54.46 — trading 33% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Travel & Leisure industry median of 5.00. Las Vegasnds' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Las Vegasnds (LIM:LVS), the current Piotroski F-Score is 8 as of Jun. 26, 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 (LIM:LVS) Overvalued in 2026?

Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued. The current stock price of $54.46 is trading 33% below its estimated GF Value™ of $81.29.

Key valuation signals for LIM:LVS:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $81.29 vs. price of $54.46 (33% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 60% above the Travel & Leisure median (#27 of 840)

No single metric tells the full story. See the LIM:LVS 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.
78GF Score

Get the complete analysis for LIM:LVS

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

$54.46
Price
$81.29
GF Value