Gaming and Leisure PropertiesGLPI -1.94%84 Return-on-Tangible-Asset is 7.41% as of Mar. 2026, which is 17% above its 10-year median of 6.32. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 942 REITs companies, Gaming and Leisure Properties ranks better than 78.56% on this metric.
The historical rank and industry rank for Gaming and Leisure Properties's Return-on-Tangible-Asset or its related term are showing as below:
GLPI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.72 Med: 6.32 Max: 7.44
Current: 7.44
During the past 13 years, Gaming and Leisure Properties's highest Return-on-Tangible-Asset was 7.44%. The lowest was 4.72%. And the median was 6.32%.
GLPI's Return-on-Tangible-Asset is ranked better than 78.56% of 942
companies
in the REITs industry
Industry Median: 3.265
vs GLPI: 7.44
Gaming and Leisure Properties (NAS:GLPI) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Gaming and Leisure Properties Return-on-Tangible-Asset Related Terms
Gaming and Leisure Properties Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
GLPI vs LAMR, WY, RYN: Return-on-Tangible-Asset Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.41% mean?
Gaming and Leisure Properties (GLPI) has a Return-on-Tangible-Asset of 7.41% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Gaming and Leisure Properties and its competitors. This is 17% above median its historical median of 6.32. Over the past decade, Gaming and Leisure Properties' Return-on-Tangible-Asset has ranged from 4.72 to 7.44. According to the industry distribution chart, Gaming and Leisure Properties ranks #202 out of 942 companies in the REITs industry, placing it in the top 21.4%.
Is Gaming and Leisure Properties' Return-on-Tangible-Asset too high?
Gaming and Leisure Properties' current Return-on-Tangible-Asset of 7.41% is 17% above median its 10-year median of 6.32. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 7.44. The REITs industry median Return-on-Tangible-Asset is 3.27. Gaming and Leisure Properties' value of 7.41% is 127% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #202 out of 942 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 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Return-on-Tangible-Asset compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #202 out of 942 companies for Return-on-Tangible-Asset. This places Gaming and Leisure Properties in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Gaming and Leisure Properties' value of 7.41% is 127% above this benchmark. Historically, Gaming and Leisure Properties' own Return-on-Tangible-Asset has ranged from 4.72 to 7.44 over the past decade. While the company's 10-year median is 6.32 vs. the industry median of 3.27, 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 942 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current Return-on-Tangible-Asset of 7.41% is 127% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Return-on-Tangible-Asset is 7.41%, which is 17% above median its own 10-year median of 6.32. 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 $49.75, compared to a current price of $45.02 — trading 9.5% below its estimated fair value. The current Return-on-Tangible-Asset is 7.41%, which is 17% above median its 10-year median of 6.32 and 127% above the REITs industry median of 3.27. Gaming and Leisure Properties' overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Return-on-Tangible-Asset is 7.41% 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 $45.02 is trading 9.5% below its estimated GF Value™ of $49.75.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
Return-on-Tangible-Asset: 7.41% (17% above median its 10-year median of 6.32)
GF Value™: $49.75 vs. price of $45.02 (9.5% below fair value)
Industry Position: 127% above the REITs median (#202 of 942)
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.
84GF Score
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