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Sands ChinaFRA:599A -4.96%78 PB Ratio is 9.64 as of Jul. 16, 2026, which is 1% above its 10-year median of 9.55. GuruFocus rates FRA:599A with a GF Score™ of 78/100 and a GF Value™ of €2.47 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 792 Travel & Leisure companies, Sands China ranks worse than 94.44% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-16), Sands China's share price is €1.427. Sands China's Book Value per Share for the quarter that ended in Dec. 2025 was €0.15. Hence, Sands China's PB Ratio of today is 9.64.
Good Sign:
Sands China Ltd stock PB Ratio (=9.9) is close to 3-year low of 9.58.
The historical rank and industry rank for Sands China's PB Ratio or its related term are showing as below:
FRA:599A'
s PB Ratio Range Over the Past 10 Years
Min: 4.79 Med: 9.55 Max: 30.72
Current: 10.23
During the past 13 years, Sands China's highest PB Ratio was 30.72. The lowest was 4.79. And the median was 9.55.
FRA:599A's PB Ratio is ranked worse than 94.44% of 792
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs FRA:599A: 10.23
During the past 12 months, Sands China's average Book Value Per Share Growth Rate was 36.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sands China was 63.70% per year. The lowest was -41.50% per year. And the median was -1.20% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Sands China PB Ratio Related Terms
Sands China PB Ratio Historical Data
* Premium members only.
The historical data trend for Sands China's PB Ratio 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.
For the Resorts & Casinos subindustry, Sands China's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Sands China PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Sands China's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sands China's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Sands China's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Sands China (FRA:599A) has a PB Ratio of 9.64 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sands China and its competitors. This is near median its historical median of 9.55. Over the past decade, Sands China's PB Ratio has ranged from 4.79 to 30.72. According to the industry distribution chart, Sands China ranks #748 out of 792 companies in the Travel & Leisure industry, placing it in the top 94.4%.
Is Sands China's PB Ratio too high?
Sands China's current PB Ratio of 9.64 is near median its 10-year median of 9.55. Over the past 10 years, this metric has ranged from a low of 4.79 to a high of 30.72. The Travel & Leisure industry median PB Ratio is 1.49. Sands China's value of 9.64 is 547% above this industry median. Based on the distribution chart, Sands China ranks #748 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Sands China has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sands China's PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Sands China ranks #748 out of 792 companies for PB Ratio. This places Sands China in the lower half of its industry. The industry median PB Ratio is 1.49. Sands China's value of 9.64 is 547% above this benchmark. Historically, Sands China's own PB Ratio has ranged from 4.79 to 30.72 over the past decade. While the company's 10-year median is 9.55 vs. the industry median of 1.49, Sands China 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sands China's current PB Ratio of 9.64 is 547% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sands China and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sands China's current PB Ratio is 9.64, which is near median its own 10-year median of 9.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sands China stock overvalued right now?
Based on GuruFocus' analysis, Sands China (FRA:599A) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.47, compared to a current price of €1.43 — trading 42.2% below its estimated fair value. The current PB Ratio is 9.64, which is near median its 10-year median of 9.55 and 547% above the Travel & Leisure industry median of 1.49. Sands China's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sands China (FRA:599A), the current PB Ratio is 9.64 as of Jul. 16, 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 Sands China (FRA:599A) Overvalued in 2026?
Based on GuruFocus' analysis, Sands China stock appears to be undervalued.
The current stock price of €1.43 is trading 42.2% below its estimated GF Value™ of €2.47.
GuruFocus considers Sands China to be Significantly Undervalued.
Key valuation signals for FRA:599A:
PB Ratio: 9.64 (near median its 10-year median of 9.55)
GF Value™: €2.47 vs. price of €1.43 (42.2% below fair value)
Industry Position: 547% above the Travel & Leisure median (#748 of 792)
No single metric tells the full story. See the FRA:599A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 23.5% market share in the Macao gaming sector in terms of gross gaming revenue as of 2025. Las Vegas Sands has a 74.8% stake in Sands China.
78GF Score
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