Las Vegas Sands Corp (LVS) is undervalued and Wynn Resorts Ltd (WYNN) is undervalued.
Against our estimates of intrinsic value, LVS trades at the wider discount: a margin of safety of +55%, against +53% for WYNN.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $176.42; the price of $82.51 is 53% below that value, and 83% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
| Metric | LVS | WYNN |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $39.70 | $82.51 |
| Intrinsic value | $88.35 | $176.42 |
| Margin of safety | +55% | +53% |
| Leak Score | 87/100 (10/12) | 56/100 (2/12) |
| Market cap | $25.7B | $8.5B |
| Revenue growth, 5 years | 34.7% | 27.8% |
| Operating margin | 23.4% | 16.3% |
| Net margin | 12.6% | 6.1% |
| Return on equity | 134.3% | — |
| Debt to equity | 26.27 | — |
| P/E | 15.5x | 19.8x |
| Forward P/E | 11.3x | 16.5x |
| P/B | 44.3x | — |
| Dividend yield | 2.9% | 1.3% |