Light & WonderASX:LNW -2.01%83 Net Margin % is 6.58% as of Mar. 2026, which is 7211% above its 10-year median of 0.09. 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 847 Travel & Leisure companies, Light & Wonder ranks better than 60.45% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Light & Wonder's Net Income for the
three
months ended in Mar. 2026 was A$74 Mil. Light & Wonder's Revenue for the
three
months ended in Mar. 2026 was A$1,126 Mil. Therefore, Light & Wonder's net margin for the quarter that ended in Mar. 2026 was 6.58%.
The historical rank and industry rank for Light & Wonder's Net Margin % or its related term are showing as below:
ASX:LNW'
s Net Margin % Range Over the Past 10 Years
Min: -33.49 Med: 0.09 Max: 146.3
Current: 7.39
ASX:LNW's Net Margin % is ranked better than 60.45% of 847
companies
in the Travel & Leisure industry
Industry Median: 4.74
vs ASX:LNW: 7.39
Light & Wonder (ASX:LNW) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Light & Wonder Net Margin % Related Terms
Light & Wonder Net Margin % Historical Data
* Premium members only.
The historical data trend for Light & Wonder's Net 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: Net Margin % Comparison
For the Gambling subindustry, Light & Wonder's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Light & Wonder's Net Margin % distribution charts can be found below:
* The bar in red indicates where Light & Wonder's Net 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 Net Margin % of 6.58% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Light & Wonder and its competitors. This is 7211% above median its historical median of 0.09. According to the industry distribution chart, Light & Wonder ranks #335 out of 847 companies in the Travel & Leisure industry, placing it in the top 39.6%.
Is Light & Wonder's Net Margin % too high?
Light & Wonder's current Net Margin % of 6.58% is 7211% above median its 10-year median of 0.09. The Travel & Leisure industry median Net Margin % is 4.74. Light & Wonder's value of 6.58% is 38.8% above this industry median. Based on the distribution chart, Light & Wonder ranks #335 out of 847 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 Net Margin % compare to SGHC and CHDN?
According to the Travel & Leisure industry distribution chart, Light & Wonder ranks #335 out of 847 companies for Net Margin %. This puts Light & Wonder in the upper half of its industry. The industry median Net Margin % is 4.74. Light & Wonder's value of 6.58% is 38.8% above this benchmark. While the company's 10-year median is 0.09 vs. the industry median of 4.74, 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 Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.74, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Light & Wonder's current Net Margin % of 6.58% is 38.8% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Light & Wonder and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Light & Wonder's current Net Margin % is 6.58%, which is 7211% above median its own 10-year median of 0.09. 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 Net Margin % is 6.58%, which is 7211% above median its 10-year median of 0.09 and 38.8% above the Travel & Leisure industry median of 4.74. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Light & Wonder (ASX:LNW), the current Net Margin % is 6.58% 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:
Net Margin %: 6.58% (7211% above median its 10-year median of 0.09)
GF Value™: A$158.01 vs. price of A$119.09 (24.6% below fair value)
Industry Position: 38.8% above the Travel & Leisure median (#335 of 847)
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
Get the complete analysis for ASX:LNW
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:LNW has been successfully added to your 
