Las VegasndsFRA:LCR +0.69%78 Return-on-Tangible-Equity is 273.74% as of Mar. 2026, which is 542% above its 10-year median of 42.61. GuruFocus rates FRA:LCR with a GF Score™ of 78/100 and a GF Value™ of €59.88 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 796 Travel & Leisure companies, Las Vegasnds ranks better than 88.57% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Las Vegasnds's annualized net income for the quarter that ended in Mar. 2026 was €1,962 Mil. Las Vegasnds's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €717 Mil. Therefore, Las Vegasnds's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 273.74%.
The historical rank and industry rank for Las Vegasnds's Return-on-Tangible-Equity or its related term are showing as below:
FRA:LCR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -41.64 Med: 42.61 Max: 152.53
Current: 152.53
During the past 13 years, Las Vegasnds's highest Return-on-Tangible-Equity was 152.53%. The lowest was -41.64%. And the median was 42.61%.
FRA:LCR's Return-on-Tangible-Equity is ranked better than 88.57% of 796
companies
in the Travel & Leisure industry
Industry Median: 7.515
vs FRA:LCR: 152.53
Las Vegasnds (FRA:LCR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Las Vegasnds Return-on-Tangible-Equity Related Terms
Las Vegasnds Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Las Vegasnds's Return-on-Tangible-Equity 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.
FRA:LCR vs MGM, WYNN, BYD: Return-on-Tangible-Equity Comparison
For the Resorts & Casinos subindustry, Las Vegasnds's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Las Vegasnds's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 273.74% mean?
Las Vegasnds (FRA:LCR) has a Return-on-Tangible-Equity of 273.74% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Las Vegasnds and its competitors. This is 542% above median its historical median of 42.61. According to the industry distribution chart, Las Vegasnds ranks #91 out of 796 companies in the Travel & Leisure industry, placing it in the top 11.4%.
Is Las Vegasnds' Return-on-Tangible-Equity too high?
Las Vegasnds' current Return-on-Tangible-Equity of 273.74% is 542% above median its 10-year median of 42.61. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.52. Las Vegasnds' value of 273.74% is 3542.6% above this industry median. Based on the distribution chart, Las Vegasnds ranks #91 out of 796 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 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Return-on-Tangible-Equity compare to MGM and WYNN?
According to the Travel & Leisure industry distribution chart, Las Vegasnds ranks #91 out of 796 companies for Return-on-Tangible-Equity. This places Las Vegasnds in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.52. Las Vegasnds' value of 273.74% is 3542.6% above this benchmark. While the company's 10-year median is 42.61 vs. the industry median of 7.52, 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 Return-on-Tangible-Equity for a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.52, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Las Vegasnds's current Return-on-Tangible-Equity of 273.74% is 3542.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Las Vegasnds and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Las Vegasnds's current Return-on-Tangible-Equity is 273.74%, which is 542% above median its own 10-year median of 42.61. 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?
Based on GuruFocus' analysis, Las Vegasnds (FRA:LCR) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.88, compared to a current price of €40.66 — trading 32.1% below its estimated fair value. The current Return-on-Tangible-Equity is 273.74%, which is 542% above median its 10-year median of 42.61 and 3542.6% above the Travel & Leisure industry median of 7.52. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Las Vegasnds (FRA:LCR), the current Return-on-Tangible-Equity is 273.74% 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 Las Vegasnds (FRA:LCR) Overvalued in 2026?
Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued.
The current stock price of €40.66 is trading 32.1% below its estimated GF Value™ of €59.88.
GuruFocus considers Las Vegasnds to be Significantly Undervalued.
Key valuation signals for FRA:LCR:
Return-on-Tangible-Equity: 273.74% (542% above median its 10-year median of 42.61)
GF Value™: €59.88 vs. price of €40.66 (32.1% below fair value)
Industry Position: 3542.6% above the Travel & Leisure median (#91 of 796)
No single metric tells the full story. See the FRA:LCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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