ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Las Vegasnds's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 16.76%.
As of today (2026-06-27), Las Vegasnds's WACC % is 8.17%. Las Vegasnds's ROIC % is 14.86% (calculated using TTM income statement data).
Las Vegasnds 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.
Las Vegasnds (XTER:LCR) 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, Las Vegasnds's WACC % is 8.17%. Las Vegasnds's ROIC % is 14.86% (calculated using TTM income statement data).
Las Vegasnds 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.
Las Vegasnds ROIC % Related Terms
Las Vegasnds ROIC % Historical Data
* Premium members only.
The historical data trend for Las Vegasnds's ROIC % 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, Las Vegasnds'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.
Las Vegasnds ROIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's ROIC % distribution charts can be found below:
* The bar in red indicates where Las Vegasnds'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.
Las Vegasnds (XTER:LCR) has a ROIC % of 16.76% 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 Las Vegasnds and its competitors.
Is Las Vegasnds' ROIC % too high?
Las Vegasnds' current ROIC % is 16.76%. The Travel & Leisure industry median ROIC % is 3.75. Las Vegasnds' value of 16.76% is 346.9% above this industry median. Overall, Las Vegasnds has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' ROIC % compare to MGM and WYNN?
Las Vegasnds' ROIC % of 16.76% can be compared against companies in the Travel & Leisure industry. The industry median ROIC % is 3.75. Las Vegasnds' value of 16.76% is 346.9% 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 Travel & Leisure company?
The median ROIC % among Travel & Leisure companies is 3.75, based on 834 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. Las Vegasnds's current ROIC % of 16.76% is 346.9% 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 Las Vegasnds and its competitors. For the Travel & Leisure industry, the median ROIC % is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Las Vegasnds's current ROIC % is 16.76%. 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?
Las Vegasnds (XTER:LCR) has a current ROIC % of 16.76%. The stock's GF Value™ is €69.40, compared to a current price of €47.33 — trading 31.8% below its estimated fair value. The current ROIC % is 16.76% and 346.9% above the Travel & Leisure industry median of 3.75. Las Vegasnds' overall GF Score™ is 82/100 with 2 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 Las Vegasnds (XTER:LCR), the current ROIC % is 16.76% 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 (XTER:LCR) Overvalued in 2026?
Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued.
The current stock price of €47.33 is trading 31.8% below its estimated GF Value™ of €69.40.
Key valuation signals for XTER:LCR:
ROIC %: 16.76%
GF Value™: €69.40 vs. price of €47.33 (31.8% below fair value)
Industry Position: 346.9% above the Travel & Leisure median
No single metric tells the full story. See the XTER: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.
82GF Score
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