Gaming and Leisure Properties, Inc.

NasdaqGS:GLPI Stock Report

Market Cap: US$13.3b

Gaming and Leisure Properties Valuation

Is GLPI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GLPI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLPI ($47.08) is trading below our estimate of fair value ($145.68)

Significantly Below Fair Value: GLPI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLPI?

Key metric: As GLPI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GLPI. This is calculated by dividing GLPI's market cap by their current earnings.
What is GLPI's PE Ratio?
PE Ratio16.6x
EarningsUS$778.26m
Market CapUS$13.30b

Price to Earnings Ratio vs Peers

How does GLPI's PE Ratio compare to its peers?

The above table shows the PE ratio for GLPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
LAMR Lamar Advertising
24.6x10.2%US$12.6b
VICI VICI Properties
10.8x2.2%US$30.3b
EPR EPR Properties
18.8x6.5%US$3.3b
OUT OUTFRONT Media
13.1x-21.5%US$3.0b
GLPI Gaming and Leisure Properties
16.6x4.7%US$13.3b

Price-To-Earnings vs Peers: GLPI is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does GLPI's PE Ratio compare vs other companies in the US Specialized REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SLVS Silver Star Properties REIT
0.4xn/aUS$25.91m
No more companies available in this PE range
GLPI 16.6xIndustry Avg. 24.8xNo. of Companies4PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GLPI is good value based on its Price-To-Earnings Ratio (16.6x) compared to the US Specialized REITs industry average (24.8x).

Price to Earnings Ratio vs Fair Ratio

What is GLPI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio36.5x

Price-To-Earnings vs Fair Ratio: GLPI is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (36.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GLPI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$47.08
US$55.80
+18.5%
6.8%US$61.00US$48.00n/a23
Dec ’25US$51.61
US$55.43
+7.4%
7.4%US$61.00US$48.00n/a22
Nov ’25US$49.82
US$54.92
+10.2%
7.6%US$61.00US$48.00n/a22
Oct ’25US$51.14
US$54.66
+6.9%
7.7%US$61.00US$48.00n/a22
Sep ’25US$52.02
US$54.43
+4.6%
7.7%US$61.00US$48.00n/a22
Aug ’25US$49.12
US$53.69
+9.3%
8.6%US$61.00US$48.00n/a21
Jul ’25US$44.14
US$52.10
+18.0%
9.0%US$61.00US$46.00n/a21
Jun ’25US$44.90
US$52.19
+16.2%
8.8%US$61.00US$46.00n/a21
May ’25US$43.13
US$52.32
+21.3%
8.6%US$61.00US$47.00n/a21
Apr ’25US$45.52
US$53.09
+16.6%
8.2%US$61.00US$47.00n/a20
Mar ’25US$45.40
US$53.37
+17.6%
8.1%US$61.00US$47.00n/a21
Feb ’25US$46.44
US$53.56
+15.3%
8.0%US$61.00US$47.00n/a21
Jan ’25US$49.35
US$53.18
+7.8%
8.2%US$61.00US$47.00n/a21
Dec ’24US$47.68
US$53.29
+11.8%
8.4%US$61.00US$45.00US$51.6120
Nov ’24US$45.10
US$53.29
+18.2%
8.5%US$61.00US$45.00US$49.8220
Oct ’24US$45.55
US$55.66
+22.2%
6.7%US$63.00US$50.00US$51.1419
Sep ’24US$47.42
US$55.97
+18.0%
6.4%US$63.00US$50.00US$52.0218
Aug ’24US$48.06
US$56.17
+16.9%
5.9%US$63.00US$50.00US$49.1218
Jul ’24US$48.46
US$56.78
+17.2%
5.6%US$63.00US$50.00US$44.1418
Jun ’24US$48.63
US$56.41
+16.0%
5.1%US$61.00US$50.00US$44.9017
May ’24US$52.03
US$56.56
+8.7%
4.8%US$61.00US$50.00US$43.1318
Apr ’24US$52.06
US$56.58
+8.7%
4.8%US$61.00US$50.00US$45.5219
Mar ’24US$53.91
US$56.35
+4.5%
4.5%US$61.00US$50.00US$45.4020
Feb ’24US$53.70
US$56.03
+4.3%
5.2%US$61.00US$50.00US$46.4419
Jan ’24US$52.09
US$55.61
+6.8%
5.8%US$61.00US$48.00US$49.3520
Dec ’23US$52.73
US$54.86
+4.0%
6.3%US$61.00US$48.00US$47.6820

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gaming and Leisure Properties, Inc. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Felicia Kantor HendrixBarclays
Richard HightowerBarclays
Keegan CarlBerenberg