Light & Wonder (ASX:LNW) ROCE %: 9.81% (As of Mar. 2026)


ASX:LNW Light & Wonder Inc ASX:LNW
83 GF Score
Price A$115.21
GF Value A$164.29
Valuation Possible Value Trap
! 4 Warning Signs
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What is Light & Wonder ROCE %?

Light & Wonder ASX:LNW -3.26% 83 ROCE % is 9.81% as of Mar. 2026. GuruFocus rates ASX:LNW with a GF Score™ of 83/100 and a GF Value™ of A$164.29 (Possible Value Trap). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Light & Wonder's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.81%.

Light & Wonder  (ASX:LNW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Light & Wonder ROCE % Related Terms

Light & Wonder ROCE % Historical Data

* Premium members only.

The historical data trend for Light & Wonder's ROCE % 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.

Light & Wonder ROCE % Chart

Light & Wonder Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.69 2.76 10.08 15.39 12.84

Light & Wonder Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.78 15.10 15.17 5.73 9.81
ASX:LNW
83GF Score
Light & Wonder Inc ASX:LNW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Light & Wonder ROCE % Calculation

Light & Wonder's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1021.895/( ( (8559.759 - 1160.565) + (9725.31 - 1208.515) )/ 2 )
=1021.895/( (7399.194+8516.795)/ 2 )
=1021.895/7957.9945
=12.84 %

Light & Wonder's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=815.1/( ( (9725.31 - 1208.515) + (9070.125 - 963.3) )/ 2 )
=815.1/( ( 8516.795 + 8106.825 )/ 2 )
=815.1/8311.81
=9.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 9.81% mean?
Light & Wonder (ASX:LNW) has a ROCE % of 9.81% as of Mar. 2026.
Is Light & Wonder's ROCE % too high?
Light & Wonder's current ROCE % is 9.81%. The Travel & Leisure industry median ROCE % is 6.08. Light & Wonder's value of 9.81% is 61.5% above this industry median. Overall, Light & Wonder has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Light & Wonder's ROCE % compare to SGHC and CHDN?
Light & Wonder's ROCE % of 9.81% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Light & Wonder's value of 9.81% is 61.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Light & Wonder's current ROCE % of 9.81% is 61.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Light & Wonder's current ROCE % is 9.81%. 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 Possible Value Trap. The stock's GF Value™ is A$164.29, compared to a current price of A$115.21 — trading 29.9% below its estimated fair value. The current ROCE % is 9.81% and 61.5% above the Travel & Leisure industry median of 6.08. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Light & Wonder (ASX:LNW), the current ROCE % is 9.81% 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$115.21 is trading 29.9% below its estimated GF Value™ of A$164.29. GuruFocus considers Light & Wonder to be Possible Value Trap.

Key valuation signals for ASX:LNW:

  • ROCE %: 9.81%
  • GF Value™: A$164.29 vs. price of A$115.21 (29.9% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 61.5% above the Travel & Leisure median

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 Business Description

Other Exchanges LNWO:USATJW:Germany
Address 6601 Bermuda Road, Las Vegas, NV, USA, 89119
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

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$115.21
Price
A$164.29
GF Value