Stocktoria

Gaming & Leisure Properties, Inc. GLPI

Nasdaq · reit · Real Estate Investment Trusts · website · IPO 2013-10-14

Gaming & Leisure Properties, Inc. statistics & valuation

Market cap$13.0B
P / E15.8×
P / S8.2×
P / B2.6×
Dividend yield6.71%
Net margin51.7%
Return on equity16.5%
Net debt$7.2B
Net debt / EBITDA4.9×
Enterprise value USD$20.2B
EV / EBITDA13.6×
Earnings yield EBIT/EV5.9%
Graham number -21.5%$34.27

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($34.27); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
34.90% 39.20% 32.20% 33.90% 43.90% 43.90% 52.20% 51.00% 51.20% 51.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
58.00% 62.30% 56.20% 62.20% 70.20% 69.20% 78.50% 74.20% 73.80% 75.30% 2016201720182019202020212022202320242025
Return on equity (%)
11.90% 15.50% 15.00% 18.80% 18.90% 15.80% 16.60% 16.30% 16.90% 16.50% 2016201720182019202020212022202320242025
Shares outstanding
180.6M 212.8M 214.8M 215.8M 232.5M 247.2M 260.7M 270.9M 274.4M 283.0M 2016201720182019202020212022202320242025
Net debt ($)
$4.63B $4.41B $5.83B $5.75B $6.55B $6.13B $6.63B $7.74B $7.20B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.90% 5.30% 4.00% 4.60% 5.60% 5.00% 6.30% 6.20% 6.00% 6.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
62.10% 61.60% 62.00% 65.00% 37.10% 64.90% 2016201720182019202020212022202320242025
Debt / equity (×)
1.92× 1.81× 2.58× 2.15× 1.93× 1.49× 1.47× 1.67× 1.44× 2016201720182019202020212022202320242025
EPS ($)
$1.60 $1.79 $1.58 $1.81 $2.30 $2.26 $2.70 $2.77 $2.87 $2.95 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Gaming & Leisure Properties, Inc. trades at about 14.8× earnings — below its 10-year norm (10-year range 15.2×–26.1×, median 19.8×).

14.8× 26.1×

Shaded band = 10-year range (15.2×–26.1×); dot = today's 14.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin75.3%73.8%74.2%78.5%69.2%70.2%62.2%56.2%62.3%58.0%
Net margin51.7%51.2%51.0%52.2%43.9%43.9%33.9%32.2%39.2%34.9%
FCF margin————64.9%37.1%65.0%62.0%61.6%62.1%
Return on assets6.4%6.0%6.2%6.3%5.0%5.6%4.6%4.0%5.3%3.9%
Return on equity16.5%16.9%16.3%16.6%15.8%18.9%18.8%15.0%15.5%11.9%
Debt / equity1.44×1.67×1.47×1.49×1.93×2.15×—2.58×1.81×1.92×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.