Caesars Entertainment Inc (CZR) is undervalued and Las Vegas Sands Corp (LVS) is undervalued.
Against our estimates of intrinsic value, CZR trades at the wider discount: a margin of safety of +80%, against +55% for LVS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.8% (average of 2 methods) values the shares at $145.00; the price of $29.62 is 80% below that value, and 85% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $88.35; the price of $39.70 is 55% below that value, and 80% of that value comes from beyond year five.
Leak Score 87/100 on 10 of 12 signals
| Metric | CZR | LVS |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $29.62 | $39.70 |
| Intrinsic value | $145.00 | $88.35 |
| Margin of safety | +80% | +55% |
| Leak Score | 56/100 (2/12) | 87/100 (10/12) |
| Market cap | $6.0B | $25.7B |
| Revenue growth, 5 years | 25.9% | 34.7% |
| Operating margin | 17.7% | 23.4% |
| Net margin | -4.0% | 12.6% |
| Return on equity | -12.8% | 134.3% |
| Debt to equity | 7.36 | 26.27 |
| P/E | — | 15.5x |
| Forward P/E | 132.3x | 11.3x |
| P/B | 1.8x | 44.3x |
| Dividend yield | — | 2.9% |