Gaming and Leisure Properties (NAS:GLPI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Gaming and Leisure Properties had a gross margin of 96.71% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Gaming and Leisure Properties Gross Margin % Related Terms
Gaming and Leisure Properties Gross Margin % Historical Data
* 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.
Gaming and Leisure Properties Gross Margin % Chart
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Gross Margin %, along with its competitors' market caps and Gross 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.
Gaming and Leisure Properties Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Gaming and Leisure Properties (GLPI) has a Gross Margin % of 96.71% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Gaming and Leisure Properties and its competitors. This is near median its historical median of 92.57. Over the past decade, Gaming and Leisure Properties' Gross Margin % has ranged from 79.87 to 96.89. According to the industry distribution chart, Gaming and Leisure Properties ranks #56 out of 680 companies in the REITs industry, placing it in the top 8.2%.
Is Gaming and Leisure Properties' Gross Margin % too high?
Gaming and Leisure Properties' current Gross Margin % of 96.71% is near median its 10-year median of 92.57. Over the past 10 years, this metric has ranged from a low of 79.87 to a high of 96.89. The REITs industry median Gross Margin % is 69.61. Gaming and Leisure Properties' value of 96.71% is 38.9% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #56 out of 680 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Gross Margin % compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #56 out of 680 companies for Gross Margin %. This places Gaming and Leisure Properties in the top 8% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.61. Gaming and Leisure Properties' value of 96.71% is 38.9% above this benchmark. Historically, Gaming and Leisure Properties' own Gross Margin % has ranged from 79.87 to 96.89 over the past decade. While the company's 10-year median is 92.57 vs. the industry median of 69.61, Gaming and Leisure Properties 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current Gross Margin % of 96.71% is 38.9% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Gross Margin % is 96.71%, which is near median its own 10-year median of 92.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.74, compared to a current price of $45.38 — trading 8.8% below its estimated fair value. The current Gross Margin % is 96.71%, which is near median its 10-year median of 92.57 and 38.9% above the REITs industry median of 69.61. Gaming and Leisure Properties' overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Gross Margin % is 96.71% 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $45.38 is trading 8.8% below its estimated GF Value™ of $49.74.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
Gross Margin %: 96.71% (near median its 10-year median of 92.57)
GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
Industry Position: 38.9% above the REITs median (#56 of 680)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
86GF Score
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