LVS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
EV/EBITDA History
Historically priceyAbove avgAround avgBelow avgHistorically cheap
LVS EV/EBITDA by year
Yearly range of LVS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 6.7 to 1,354.2, averaging 94.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.0 | 10.0 | 12.6 | 8.0 |
| 2025 | 8.3 | 11.1 | 13.7 | 12.5 |
| 2024 | 8.5 | 10.8 | 13.2 | 11.8 |
| 2023 | 14.6 | 53.9 | 138.2 | 16.0 |
| 2022 | 101.8 | 595.3 | 1,354.2 | 130.5 |
| 2021 | 170.9 | 282.3 | 417.2 | 170.9 |
| 2020 | 6.7 | 25.7 | 67.8 | 66.5 |
| 2019 | 8.8 | 10.6 | 12.7 | 11.1 |
| 2018 | 9.0 | 12.5 | 15.2 | 9.7 |
| 2017 | 12.9 | 13.8 | 15.4 | 14.3 |
| 2016 | 14.1 | 15.2 | 16.2 | 14.1 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
Formula
(Market Cap + Net Debt) / EBITDAHow to read this chart
Unlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
Key caveats
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Pro — up to 30-year history
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.