Is Las Vegas Sands Corp. overvalued or undervalued?

As of 13 March 2025, the valuation grade for Las Vegas Sands Corp. has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently deemed overvalued. Key ratios include a P/E ratio of 20, a Price to Book Value of 11.56, and an EV to EBITDA of 11.01, all of which suggest that the stock is trading at a premium compared to its earnings and assets.
In comparison to its peers, Las Vegas Sands Corp. has a higher P/E ratio of 20.478 compared to the industry average of 11.3201, further reinforcing the notion of overvaluation. Notably, the company's return on equity (ROE) stands at an impressive 58.59%, yet this high return does not justify the elevated valuation metrics. Additionally, while the stock has underperformed against the S&P 500 year-to-date, with a return of -18.32% compared to the index's 2.44%, this trend may suggest that investor sentiment is shifting away from the stock.