Gaming and Leisure Properties, Inc. (GLPI) Key Metrics
GLPI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.76B
- Enterprise value
- $19.48B
- P/E (TTM)
- 11.5 10-yr median 19.2
- Forward P/E
- 11.8
- PEG ratio
- 8.08
- Price / sales
- 7.1 10-yr median 8.1
- Price / book
- 2.3 10-yr median 3.2
- EV / EBITDA
- 11.7 10-yr median 15.5
- Dividend yield
- 8.11% $3.28 a year
- Beta
- 0.68
GLPI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGLPI valuation Price multiples at each fiscal year-end price.
GLPI returns How much profit the business earns on the capital it uses.
GLPI per-share figures Results divided by the shares outstanding at year-end.
GLPI financial health Debt, liquidity and how easily interest is covered.
GLPI efficiency & capital use Working capital cycle and where the cash goes.
GLPI valuation history
GLPI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GLPI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GLPI cash returned to shareholders
GLPI price vs earnings per share
GLPI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.51B | $13.17B | $13.08B | $13.22B | $11.50B | $9.32B | $9.29B | $6.94B | $7.87B | $5.54B |
| Enterprise value | $20.08B | $20.19B | $19.27B | $19.35B | $17.56B | $14.74B | $15.23B | $13.17B | $12.32B | $10.17B |
| P/E ratio | 15.2 | 16.8 | 17.8 | 19.3 | 21.5 | 18.4 | 23.8 | 20.4 | 20.7 | 19.1 |
| Price / sales | 7.8 | 8.6 | 9.1 | 10.1 | 9.5 | 8.1 | 8.1 | 6.6 | 8.1 | 6.7 |
| Price / book | 2.7 | 3.1 | 3.1 | 3.5 | 3.6 | 3.5 | 4.5 | 3.1 | 3.2 | 2.3 |
| Price / free cash flow | 15.2 | 12.8 | 13.6 | 14.8 | 14.6 | 22.0 | 12.4 | 10.7 | 13.2 | 10.8 |
| Price / operating cash flow | 11.1 | 12.3 | 13.0 | 14.4 | 14.3 | 21.8 | 12.4 | 10.6 | 13.1 | 10.8 |
| EV / sales | 12.6 | 13.2 | 13.4 | 14.8 | 14.4 | 12.8 | 13.2 | 12.5 | 12.7 | 12.3 |
| EV / EBITDA | 13.3 | 13.9 | 14.2 | 15.1 | 16.0 | 14.2 | 15.9 | 17.8 | 16.8 | 17.0 |
| EV / free cash flow | 24.3 | 19.5 | 20.0 | 21.6 | 22.3 | 34.7 | 20.4 | 20.3 | 20.7 | 19.9 |
| Earnings yield | 6.6% | 6.0% | 5.6% | 5.2% | 4.6% | 5.4% | 4.2% | 4.9% | 4.8% | 5.2% |
| Free cash flow yield | 6.6% | 7.8% | 7.4% | 6.8% | 6.9% | 4.6% | 8.0% | 9.4% | 7.6% | 9.2% |
| Dividend yield | 7.0% | 6.3% | 6.4% | 5.8% | 5.5% | 2.5% | 6.3% | 7.9% | 6.7% | 7.7% |
| Shareholder yield (dividends + buybacks) | 7.0% | 6.3% | 6.5% | 6.0% | 5.5% | 2.5% | 6.4% | 7.9% | 6.7% | 7.7% |
| Share price at fiscal year-end | $44.69 | $48.16 | $49.35 | $52.09 | $48.66 | $42.40 | $43.05 | $32.31 | $37.00 | $30.62 |
| Per share | ||||||||||
| Revenue per share | $5.70 | $5.60 | $5.44 | $5.17 | $5.15 | $5.25 | $5.35 | $4.92 | $4.57 | $4.58 |
| Earnings per share | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 | $2.30 | $1.81 | $1.58 | $1.79 | $1.60 |
| Operating cash flow per share | $4.03 | $3.92 | $3.81 | $3.62 | $3.40 | $1.95 | $3.48 | $3.05 | $2.81 | $2.84 |
| Free cash flow per share | $2.95 | $3.78 | $3.63 | $3.53 | $3.33 | $1.93 | $3.46 | $3.03 | $2.80 | $2.83 |
| Cash per share | $0.80 | $3.74 | $2.58 | $0.94 | $3.07 | $2.21 | $0.12 | $0.12 | $0.14 | $0.20 |
| Book value per share | $16.53 | $15.61 | $15.69 | $14.88 | $13.48 | $12.17 | $9.61 | $10.55 | $11.55 | $13.46 |
| Tangible book value per share | $13.56 | $12.51 | $13.27 | $12.31 | $10.65 | $9.33 | $9.49 | $7.29 | $8.15 | $9.72 |
| Dividends per share | $3.11 | $3.04 | $3.15 | $3.04 | $2.68 | $1.05 | $2.73 | $2.56 | $2.49 | $2.37 |
| Capex per share | $1.09 | $0.15 | $0.18 | $0.09 | $0.07 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 |
| Debt per share | $27.83 | $29.40 | $25.96 | $25.07 | $28.74 | $26.88 | $27.66 | $29.13 | $21.05 | $25.80 |
| Shares outstanding | 279.9M | 273.5M | 265.0M | 253.8M | 236.2M | 219.8M | 215.8M | 214.8M | 212.8M | 180.8M |
| Change in shares outstanding | +2.3% | +3.2% | +4.4% | +7.5% | +7.5% | +1.8% | +0.5% | +1.0% | +17.7% | +52.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.6% | 18.6% | 18.5% | 19.7% | 18.2% | 21.3% | 18.0% | 14.4% | 15.6% | 26.5% |
| Return on invested capital (ROIC) | 10.2% | 10.4% | 10.5% | 10.5% | 9.2% | 10.0% | 8.6% | 7.6% | 8.5% | 10.1% |
| Return on assets (ROA) | 6.3% | 6.2% | 6.5% | 6.3% | 5.4% | 5.8% | 4.6% | 4.3% | 5.2% | 5.9% |
| Return on tangible assets | 6.8% | 6.3% | 6.6% | 6.7% | 5.3% | 6.0% | 4.6% | 4.3% | 5.8% | 4.3% |
| Free cash flow margin | 51.7% | 67.5% | 66.8% | 68.3% | 64.7% | 36.8% | 64.8% | 61.6% | 61.3% | 61.7% |
| Income quality (OCF / net income) | 1.37 | 1.37 | 1.37 | 1.34 | 1.51 | 0.85 | 1.92 | 1.93 | 1.57 | 1.78 |
| Financial health | ||||||||||
| Total debt | $7.79B | $8.04B | $6.88B | $6.36B | $6.79B | $5.91B | $5.97B | $6.26B | $4.48B | $4.67B |
| Cash & short-term investments | $224.3M | $1.02B | $684.0M | $239.1M | $724.6M | $486.5M | $26.8M | $25.8M | $29.1M | $36.6M |
| Net debt | $7.57B | $7.02B | $6.19B | $6.13B | $6.07B | $5.42B | $5.94B | $6.23B | $4.45B | $4.63B |
| Debt / equity | 1.68 | 1.88 | 1.65 | 1.68 | 2.13 | 2.21 | 2.88 | 2.76 | 1.82 | 1.92 |
| Debt / assets | 0.60 | 0.60 | 0.58 | 0.58 | 0.64 | 0.65 | 0.71 | 0.73 | 0.62 | 0.63 |
| Net debt / EBITDA | 5.01 | 4.84 | 4.56 | 4.77 | 5.53 | 5.24 | 6.21 | 8.41 | 6.08 | 7.73 |
| Current ratio | 9.56 | 10.86 | 7.18 | 5.10 | 4.25 | 1.33 | 0.81 | 0.86 | 8.40 | 11.09 |
| Quick ratio | 9.56 | 10.86 | 5.39 | 5.10 | 4.25 | 1.33 | 0.74 | 0.86 | 8.40 | 11.09 |
| Interest coverage | 3.2 | 3.1 | 3.3 | 3.3 | 3.0 | 2.9 | 2.4 | 2.4 | 2.8 | 2.6 |
| Working capital | $200.8M | $3.42B | $2.36B | $1.72B | $1.53B | $135.8M | −$76.5M | −$58.4M | $2.37B | $2.53B |
| Invested capital | $12.19B | $11.29B | $10.35B | $9.90B | $9.25B | $8.10B | $8.02B | $8.50B | $6.91B | $7.06B |
| Tangible asset value | $4.18B | $3.80B | $3.87B | $3.47B | $2.72B | $2.05B | $2.05B | $1.57B | $1.73B | $1.76B |
| Net current asset value | −$7.68B | −$4.91B | −$4.55B | −$4.67B | −$5.30B | −$5.81B | −$6.03B | −$5.94B | −$2.10B | −$2.15B |
| Graham number | $33.11 | $31.74 | $31.27 | $30.05 | $26.19 | $25.10 | $19.79 | $19.37 | $21.57 | $22.01 |
| Graham net-net per share | −$20.57 | −$20.47 | −$17.94 | −$20.27 | −$24.02 | −$26.72 | −$28.22 | −$28.16 | −$13.03 | −$15.74 |
| Capital allocation | ||||||||||
| Dividends paid | $871.9M | $830.7M | $834.0M | $770.9M | $633.9M | $230.5M | $589.1M | $550.4M | $529.4M | $428.4M |
| Share buybacks (net) | — | — | $13.4M | $20.7M | $0 | $0 | $9.1M | $0 | $0 | $0 |
| Dividend payout ratio | 105.7% | 105.9% | 113.6% | 112.6% | 118.7% | 45.6% | 150.7% | 162.1% | 139.1% | 148.1% |
| Dividends + buybacks / free cash flow | 105.7% | 80.4% | 88.1% | 88.3% | 80.5% | 54.3% | 80.0% | 84.7% | 88.9% | 83.8% |
| Capex / revenue | 19.1% | 2.6% | 3.3% | 1.8% | 1.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.4% |
| Capex / operating cash flow | 27.0% | 3.7% | 4.7% | 2.6% | 2.0% | 0.8% | 0.4% | 0.7% | 0.5% | 0.7% |
| Capex / depreciation | 1.08 | 0.15 | 0.17 | 0.09 | 0.06 | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 |
| Stock-based compensation / revenue | 1.3% | 1.6% | 1.6% | 1.6% | 1.4% | 1.7% | 1.4% | 1.1% | 1.6% | 2.2% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 3.6% | 3.9% | 3.9% | 3.9% | 5.0% | 5.9% | 5.7% | 6.7% | 6.5% | 10.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 607.2 | 568.7 | 497.5 | 432.0 | 180.3 | 48.1 | 98.2 | 513.0 | 1,012.3 | 609.5 |
| Days of inventory on hand | — | — | 2,717.8 | 0.0 | 0.0 | — | 96.8 | — | 0.0 | — |
| Days payables outstanding | 3.8 | 49.0 | 53.9 | 244.4 | 129.0 | 2.9 | 5.5 | 3.0 | 1.7 | 1.8 |
| Cash conversion cycle (days) | 603.5 | 519.6 | 3,161.4 | 187.6 | 51.3 | 45.1 | 189.4 | 509.9 | 1,010.5 | 617.2 |
| Receivables turnover | 0.60 | 0.64 | 0.73 | 0.84 | 2.02 | 7.59 | 3.72 | 0.71 | 0.36 | 0.60 |
| Payables turnover | 97.12 | 7.44 | 6.77 | 1.49 | 2.83 | 124.17 | 66.61 | 120.42 | 210.88 | 204.59 |
| Inventory turnover | — | — | 0.13 | — | 90,429,000.00 | — | 3.77 | — | 378,316,000.00 | — |
| Asset turnover | 0.12 | 0.12 | 0.13 | 0.12 | 0.12 | 0.13 | 0.14 | 0.13 | 0.13 | 0.17 |
| Average receivables | $2.65B | $2.39B | $1.96B | $1.55B | $600.8M | $151.8M | $310.2M | $1.48B | $2.69B | $1.38B |
| Average payables | $6.2M | $6.4M | $6.8M | $35.1M | $32.0M | $690,500 | $1.8M | $1.6M | $897,000 | $742,500 |
| Average inventory | — | — | $342.0M | $0 | $1 | — | $31.1M | — | $0 | $4.0M |
| Intangibles / total assets | 6.4% | 6.4% | 5.4% | 6.0% | 6.3% | 6.9% | 0.3% | 8.1% | 10.0% | 9.2% |
Computed from GLPI's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GLPI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Gaming and Leisure Properties traded at 15.2 times earnings, against a 10-year median of 19.2. Based on the latest twelve months, the trailing P/E is 11.5 and the forward P/E is 11.8. Gaming and Leisure Properties earned a return on equity of 18.6% and a return on invested capital of 10.2% in fiscal 2025. It ended the year with $7.8 billion of debt and $224.3 million in cash and short-term investments, net debt of $7.6 billion. It returned $871.9 million to shareholders: $871.9 million in dividends and $0 in share buybacks, 106% of free cash flow. The share count rose 54.8% from 180.8M to 279.9M over 9 years.
See the GLPI income statement, the GLPI chart for price history, or the GLPI stock overview for the latest quote and news.
GLPI key metrics FAQ
What is Gaming and Leisure Properties's P/E ratio?
Gaming and Leisure Properties's trailing P/E ratio is 11.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.8. At the end of fiscal 2025 it was 15.2, compared with a 10-year median of 19.2.
What is Gaming and Leisure Properties's EV/EBITDA?
Gaming and Leisure Properties's enterprise value was 13.3 times EBITDA at the end of fiscal 2025 (enterprise value $20.1 billion, EBITDA $1.5 billion); the current EV/EBITDA is 11.7.
What is Gaming and Leisure Properties's return on equity?
Gaming and Leisure Properties's return on equity (ROE) was 18.6% in fiscal 2025: net income of $825.1 million on average shareholders' equity of $4.4 billion.
What is Gaming and Leisure Properties's ROIC?
Gaming and Leisure Properties's return on invested capital was 10.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Gaming and Leisure Properties have?
Gaming and Leisure Properties had total debt of $7.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.68 and $7.6 billion of net debt (5.01 times EBITDA).
What is Gaming and Leisure Properties's dividend yield?
Gaming and Leisure Properties's forward dividend yield is 8.11%. Gaming and Leisure Properties paid $871.9 million in dividends in fiscal 2025 ($3.11 per share), a payout ratio of 105.7%.
What is Gaming and Leisure Properties's free cash flow yield?
Gaming and Leisure Properties generated $825.0 million of free cash flow in fiscal 2025, a free cash flow yield of 6.6% on its market value at year-end ($12.5 billion).
What is Gaming and Leisure Properties's current ratio?
Gaming and Leisure Properties's current ratio was 9.56 at the end of fiscal 2025: current assets were 9.56 times current liabilities.