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Boyd GamingBYD -0.27%87 ROE % is 20.84% as of Jun. 2026, which is 40% below its 10-year median of 34.80. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 822 Travel & Leisure companies, Boyd Gaming ranks better than 95.01% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Boyd Gaming's annualized net income for the quarter that ended in Jun. 2026 was $525 Mil. Boyd Gaming's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was $2,518 Mil. Therefore, Boyd Gaming's annualized ROE % for the quarter that ended in Jun. 2026 was 20.84%.
The historical rank and industry rank for Boyd Gaming's ROE % or its related term are showing as below:
BYD'
s ROE % Range Over the Past 10 Years
Min: -11.28 Med: 34.8 Max: 87.98
Current: 77.62
During the past 13 years, Boyd Gaming's highest ROE % was 87.98%. The lowest was -11.28%. And the median was 34.80%.
BYD's ROE % is ranked better than 95.01% of 822
companies
in the Travel & Leisure industry
Industry Median: 5.59
vs BYD: 77.62
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Boyd Gaming ROE % Related Terms
Boyd Gaming ROE % Historical Data
* Premium members only.
The historical data trend for Boyd Gaming's ROE % 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, Boyd Gaming's ROE %, along with its competitors' market caps and ROE % 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.
Boyd Gaming ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's ROE % distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Boyd Gaming (BYD) has a ROE % of 20.84% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Boyd Gaming and its competitors. This is 40% below median its historical median of 34.80. According to the industry distribution chart, Boyd Gaming ranks #41 out of 822 companies in the Travel & Leisure industry, placing it in the top 5%.
Is Boyd Gaming's ROE % too high?
Boyd Gaming's current ROE % of 20.84% is 40% below median its 10-year median of 34.80. The Travel & Leisure industry median ROE % is 5.59. Boyd Gaming's value of 20.84% is 272.8% above this industry median. Based on the distribution chart, Boyd Gaming ranks #41 out of 822 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's ROE % compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #41 out of 822 companies for ROE %. This places Boyd Gaming in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 5.59. Boyd Gaming's value of 20.84% is 272.8% above this benchmark. While the company's 10-year median is 34.80 vs. the industry median of 5.59, Boyd Gaming 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 ROE % for a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.59, based on 822 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boyd Gaming's current ROE % of 20.84% is 272.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Boyd Gaming and its competitors. For the Travel & Leisure industry, the median ROE % is 5.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current ROE % is 20.84%, which is 40% below median its own 10-year median of 34.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current ROE % is 20.84%, which is 40% below median its 10-year median of 34.80 and 272.8% above the Travel & Leisure industry median of 5.59. Boyd Gaming's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Boyd Gaming (BYD), the current ROE % is 20.84% as of Jun. 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
ROE %: 20.84% (40% below median its 10-year median of 34.80)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 272.8% above the Travel & Leisure median (#41 of 822)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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