ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Gaming and Leisure Properties's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 10.25%.
As of today (2026-06-25), Gaming and Leisure Properties's WACC % is 6.35%. Gaming and Leisure Properties's ROIC % is 10.38% (calculated using TTM income statement data).
Gaming and Leisure Properties generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Gaming and Leisure Properties (NAS:GLPI) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Gaming and Leisure Properties's WACC % is 6.35%. Gaming and Leisure Properties's ROIC % is 10.38% (calculated using TTM income statement data).
Gaming and Leisure Properties generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Gaming and Leisure Properties ROIC % Related Terms
Gaming and Leisure Properties ROIC % 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.
For the REIT - Specialty subindustry, Gaming and Leisure Properties's ROIC %, along with its competitors' market caps and ROIC % 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 ROIC % vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's ROIC % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (GLPI) has a ROIC % of 10.25% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Gaming and Leisure Properties and its competitors.
Is Gaming and Leisure Properties' ROIC % too high?
Gaming and Leisure Properties' current ROIC % is 10.25%. The REITs industry median ROIC % is 3.74. Gaming and Leisure Properties' value of 10.25% is 174.1% above this industry median. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' ROIC % compare to LAMR and WY?
Gaming and Leisure Properties' ROIC % of 10.25% can be compared against companies in the REITs industry. The industry median ROIC % is 3.74. Gaming and Leisure Properties' value of 10.25% is 174.1% 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 ROIC % for a REITs company?
The median ROIC % among REITs companies is 3.74, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current ROIC % of 10.25% is 174.1% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current ROIC % is 10.25%. 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 $49.74, compared to a current price of $45.38 — trading 8.8% below its estimated fair value. The current ROIC % is 10.25% and 174.1% above the REITs industry median of 3.74. Gaming and Leisure Properties' overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current ROIC % is 10.25% 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 $45.38 is trading 8.8% below its estimated GF Value™ of $49.74.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
ROIC %: 10.25%
GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
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.
86GF Score
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