Is Las Vegas Sands Corp. overvalued or undervalued?

As of 7 July 2025, the valuation grade for Las Vegas Sands Corp. has moved from expensive to very expensive, indicating a significant concern regarding its current valuation. The company is overvalued based on its P/E ratio of 20, which is notably lower than its peer average of 24.22, and its EV to EBITDA ratio of 11.01, which also falls short compared to the peer average of 13.07. Additionally, the Price to Book Value stands at 11.56, suggesting that the stock is trading at a premium relative to its book value.
In comparison to its peers, Las Vegas Sands Corp. appears less attractive, especially when considering the high ROE of 58.59% and ROCE of 17.40%, which may not justify its elevated valuation metrics. Furthermore, the company's recent stock performance has lagged behind the S&P 500, with a 3-year return of 37.71% compared to the index's 70.41%, reinforcing the notion that the stock may be overvalued in the current market context.