With Las Vegas Sands Stock Sliding, Have You Assessed The Risk?
Las Vegas Sands (LVS) stock is down 14.0% in a day. The recent slide reflects renewed concerns around Macao’s lower-than-expected EBITDA margins and structural weakness, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn reslience, let’s look at where Las Vegas Sands stands today.
- Size: Las Vegas Sands is a $36 Bil company with $12 Bil in revenue currently trading at $52.71.
- Fundamentals: Last 12 month revenue growth of 8.4% and operating margin of 23.0%.
- Liquidity: Has Debt to Equity ratio of 0.44 and Cash to Assets ratio of 0.16
- Valuation: Las Vegas Sands stock is currently trading at P/E multiple of 23.1 and P/EBIT multiple of 12.6
- Has returned (median) 73.5% within a year following sharp dips since 2010. See LVS Dip Buy Analysis.
These metrics point to a Strong operational performance, alongside Moderate valuation – making the stock Attractive. For details, see Buy or Sell LVS Stock
That brings us to the key consideration for investors worried about this fall: how resilient is LVS stock if markets turn south? This is where our downturn resilience framework comes in. Suppose LVS stock falls another 20-30% to $37 – can investors comfortably hold on? Turns out, the stock has fared much worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
- Buy or Sell Las Vegas Sands Stock?
- With Las Vegas Sands Stock Climbed 45% In A Month, How Confident Are You?
- How Will LVS Stock React To Its Upcoming Earnings?
- Las Vegas Sands Stock Near Crucial Support – Buy Signal?
- Las Vegas Sands Is Booming Again, But Watch The Price Tag
- LVS Testing Price Floor: Time to Load Up?
2022 Inflation Shock
- LVS stock fell 54.5% from a high of $66.20 on 15 March 2021 to $30.14 on 12 May 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 11 November 2025
- Since then, the stock increased to a high of $69.49 on 1 December 2025 , and currently trades at $52.71
| LVS | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -54.5% | -25.4% |
| Time to Full Recovery | 1,279 days | 464 days |
2020 Covid Pandemic
- LVS stock fell 49.1% from a high of $74.06 on 17 January 2020 to $37.68 on 18 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
| LVS | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -49.1% | -33.9% |
| Time to Full Recovery | Not Fully Recovered | 148 days |
2018 Correction
- LVS stock fell 40.4% from a high of $81.27 on 18 June 2018 to $48.44 on 24 December 2018 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
| LVS | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -40.4% | -19.8% |
| Time to Full Recovery | Not Fully Recovered | 120 days |
2008 Global Financial Crisis
- LVS stock fell 99.0% from a high of $144.56 on 2 October 2007 to $1.42 on 9 March 2009 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
| LVS | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -99.0% | -56.8% |
| Time to Full Recovery | Not Fully Recovered | 1,480 days |
Feeling jittery about LVS stock? Consider portfolio approach.
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