Gaming and Leisure PropertiesGLPI +1.82%84 Return-on-Tangible-Equity is 24.39% as of Mar. 2026, which is 6% above its 10-year median of 23.11. 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 932 REITs companies, Gaming and Leisure Properties ranks better than 95.17% 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. Gaming and Leisure Properties's annualized net income for the quarter that ended in Mar. 2026 was $927 Mil. Gaming and Leisure Properties's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3,803 Mil. Therefore, Gaming and Leisure Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.39%.
The historical rank and industry rank for Gaming and Leisure Properties's Return-on-Tangible-Equity or its related term are showing as below:
GLPI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.58 Med: 23.11 Max: 40.76
Current: 24.19
During the past 13 years, Gaming and Leisure Properties's highest Return-on-Tangible-Equity was 40.76%. The lowest was 20.58%. And the median was 23.11%.
GLPI's Return-on-Tangible-Equity is ranked better than 95.17% of 932
companies
in the REITs industry
Industry Median: 6.29
vs GLPI: 24.19
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties Return-on-Tangible-Equity Related Terms
Gaming and Leisure Properties Return-on-Tangible-Equity 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-Equity Chart
GLPI vs LAMR, WY, RYN: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties'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 24.39% mean?
Gaming and Leisure Properties (GLPI) has a Return-on-Tangible-Equity of 24.39% 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 Gaming and Leisure Properties and its competitors. This is near median its historical median of 23.11. Over the past decade, Gaming and Leisure Properties' Return-on-Tangible-Equity has ranged from 20.58 to 40.76. According to the industry distribution chart, Gaming and Leisure Properties ranks #45 out of 932 companies in the REITs industry, placing it in the top 4.8%.
Is Gaming and Leisure Properties' Return-on-Tangible-Equity too high?
Gaming and Leisure Properties' current Return-on-Tangible-Equity of 24.39% is near median its 10-year median of 23.11. Over the past 10 years, this metric has ranged from a low of 20.58 to a high of 40.76. The REITs industry median Return-on-Tangible-Equity is 6.29. Gaming and Leisure Properties' value of 24.39% is 287.8% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #45 out of 932 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-Equity compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #45 out of 932 companies for Return-on-Tangible-Equity. This places Gaming and Leisure Properties in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.29. Gaming and Leisure Properties' value of 24.39% is 287.8% above this benchmark. Historically, Gaming and Leisure Properties' own Return-on-Tangible-Equity has ranged from 20.58 to 40.76 over the past decade. While the company's 10-year median is 23.11 vs. the industry median of 6.29, 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.29, based on 932 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. Gaming and Leisure Properties's current Return-on-Tangible-Equity of 24.39% is 287.8% 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 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 Gaming and Leisure Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.29 — 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-Equity is 24.39%, which is near median its own 10-year median of 23.11. 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 $45.87 — trading 7.8% below its estimated fair value. The current Return-on-Tangible-Equity is 24.39%, which is near median its 10-year median of 23.11 and 287.8% above the REITs industry median of 6.29. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Return-on-Tangible-Equity is 24.39% 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 $45.87 is trading 7.8% 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-Equity: 24.39% (near median its 10-year median of 23.11)
GF Value™: $49.75 vs. price of $45.87 (7.8% below fair value)
Industry Position: 287.8% above the REITs median (#45 of 932)
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
Get the complete analysis for GLPI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GLPI has been successfully added to your 
