Wynn Resorts Limited (WYNN) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Wynn Resorts Limited stock $54.73, price $82.38, that is 33.6% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $50.32 – $132.45 · fair‑value band $48.04 – $87.42 · the $82.38 price screens above the $54.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Wynn Resorts, Limited designs, develops, and operates integrated resorts. It operates in four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.
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The Wynn Palace segment operates casino space, private gaming salons, and sky casinos; a luxury hotel tower with suites and villas, as well as a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and a performance lake, an immersive entertainment center, Western and Asian art displays, and a gondola ride.
Its Wynn Macau segment operates casino space, private gaming salons, sky casinos, and a poker room; luxury hotel towers with health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; a performance lake; and a rotunda show featuring Chinese zodiac-inspired ceilings.
The Las Vegas Operations segment operates casino space, private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, villas, swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; a golf course; nightclubs; a beach club; and theaters.
Its Encore Boston Harbor segment operates casino space, private and high-limit gaming areas, and a sports book; a luxury hotel tower with suites, a spa, and a salon; food and beverage outlets; a nightclub; retail space; meeting and convention space; a waterfront park; floral displays; and water shuttle services.
Wynn Resorts, Limited was incorporated in 2002 and is based in Las Vegas, Nevada.
Stock analysis
Wynn Resorts Limited (WYNN) currently trades at $82.38, while our model-based Fair Value estimate is $54.73, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $69.93 per share, and 6 of the 22 models we run sit above the $82.38 price.
Bear case: the Dividend Discount group reads lowest at $25.31, and 16 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $48.04 (bear) to $87.42 (bull), the price of $82.38 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wynn Resorts Limited reported revenue of $7.1B in FY2025 versus $3.8B in FY2021, a compound +17.4%/yr. Reported net income was $327M in FY2025.
Key figures
Market cap $8.5B Mid · P/E ratio 19.8 · P/S ratio 1.15 · EPS (TTM) $4.17 · Dividend yield 1.2% · Net margin 6.1% · Return on equity −561% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 33% fair-value upside, at −34%, WYNN screens richer than that median.
Fair Value models
Bear$48.04Fair Value $54.73Bull$87.42
Price $82.38 · Downside -33.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.68 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.8%
Start year 2020 (pandemic). Over 10 years: +5.8% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+58.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+0.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 22.3% / 2.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−59% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.5% a year for the price and +0.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Luxury brand and locations provide the main strength, offset by cyclical demand, high leverage and weak returns as the key weaknesses.
Main risk: Operators such as SJM, Galaxy, Venetian Macau, Melco and MGM Grand Paradise could erode Wynn's share in Macau through higher promotions or new amenities and thereby pressure margins on gaming and non-gaming revenue.
Bull case: Wynn could leverage its first-mover position and luxury brand in the UAE to capture disproportionate share even as Macau rivals expand, while using AI tools internally to enhance host productivity and guest personalization without replacing human service.
Bear case: If Macau competitors gain further ground and UAE rivals open sooner than expected, Wynn might face sustained margin compression across its core markets and slower ramp-up of the new resort, limiting cash flow for debt management and further expansion.
Wynn is pushing ahead with its first casino resort in the UAE, targeting a September 2027 opening for Wynn Al Marjan Island while recent analyst notes highlight more stable lodging demand than earlier press suggested. Macau operations have shown resilience in recent quarters even as the company refinances debt to manage its expansion. Our models see it as undervalued. Will the shift toward non-USD revenues from new markets outweigh the execution and regional risks?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Resorts & Casinos · 64 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−33.6% · Below median
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets2.4% · Below median
Net margin (12 months)6.1% · Below median
Operating margin (12 months)16.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.9% · Above median
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
P/E (12 months)19.8× · Pricier than median
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)1.15× · Cheaper than median
Price / free cash flow12.3× · Cheaper than median
EV/EBITDA9.7× · Pricier than median
PEG0.73× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)35· sector 15
PAST (return on equity)0· sector 23
HEALTH (low debt)0· sector 84
DIVIDEND (yield)24· sector 64
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Is Wynn Resorts Limited (WYNN) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $54.73 versus a price of $82.38, about 34% lower (overvalued).
What is the fair value of WYNN?
Our model-based fair value for Wynn Resorts Limited is $54.73 (as of Nov 5, 2026), built from audited fundamentals. The current price: $82.38.
What is the quality score of WYNN?
Wynn Resorts Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Wynn Resorts Limited (WYNN)?
Our model-based price target is the fair value of $54.73 (as of Nov 5, 2026) from 23 valuation models. Cautious scenario $48.04, optimistic scenario $87.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Wynn Resorts Limited stock forecast for 2026?
Our models put fair value at $54.73, about 34% lower versus a price of $82.38 (overvalued). Cautious scenario $48.04, optimistic scenario $87.42. The calculation is refreshed regularly with new filings.
What is the revenue of Wynn Resorts Limited (WYNN)?
Wynn Resorts Limited reported trailing-twelve-month revenue of about $7.4B (latest available figure, as of Nov 5, 2026).
Does Wynn Resorts Limited pay a dividend?
Wynn Resorts Limited currently shows a dividend yield of 1.21% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Wynn Resorts Limited (WYNN)?
For today's price to be fair in a discounted-cash-flow model, Wynn Resorts Limited would have to grow free cash flow by +13.1 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of WYNN use?
Our models discount Wynn Resorts Limited at 9.6 %: a base by market capitalisation (mid), damped by beta 0.95, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Wynn Resorts Limited that is +13.1 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Wynn Resorts Limited (WYNN) delivered so far?
Over the past 5 years revenue at Wynn Resorts Limited grew +27.8 % a year. The price currently implies +13.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Wynn Resorts Limited (WYNN) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Wynn Resorts Limited (+13.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wynn Resorts Limited (WYNN)?
The free-cash-flow yield on the price is 8.13 %: that much free cash flow Wynn Resorts Limited produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wynn Resorts Limited (WYNN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wynn Resorts Limited it is $54.73 per share (as of Nov 5, 2026), against a price of $82.38. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Wynn Resorts Limited stock overvalued or undervalued in 2026?
As of Nov 5, 2026, WYNN trades above its calculated fair value: price $82.38, fair value $54.73, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WYNN?
No. The price is what the market pays today ($82.38); the fair value is what the company's own numbers justify ($54.73). For Wynn Resorts Limited the two are $27.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wynn Resorts Limited worth?
The market values Wynn Resorts Limited at about $8.5B (market capitalisation, as of Nov 5, 2026). Per share that is $82.38; our models calculate a fair value of $54.73 per share.
What do the bullish and bearish scenarios say about WYNN?
Our models span a range for Wynn Resorts Limited: cautious scenario $48.04, base $54.73, optimistic $87.42 per share (as of Nov 5, 2026, price $82.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WYNN?
Wynn Resorts Limited trades at a price-to-earnings ratio of 19.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $54.73 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 16.4 (reported for FY2025: 26.2). Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), earnings ex one-offs: 29.1. Other multiples: PEG 0.7, P/S 1.1, EV/EBITDA 9.7.
What is the PEG ratio of WYNN?
The PEG ratio of Wynn Resorts Limited is 0.73 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wynn Resorts Limited (WYNN)?
Balance-sheet figures for Wynn Resorts Limited (as of Nov 5, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is WYNN from its 52-week high?
Wynn Resorts Limited trades at $82.38, about 38% below its 52-week high of $132.45 and 15% above the low of $71.38 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $54.73 is for.
Which stocks are comparable to Wynn Resorts Limited?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, MGM Resorts International, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wynn Resorts Limited stock attractive at the current price?
The data as of Nov 5, 2026: price $82.38, calculated fair value $54.73 (−34%), Quality Score 50/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WYNN calculated?
We run Wynn Resorts Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $54.73, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Wynn Resorts Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wynn Resorts Limited (WYNN)?
The closing price on Nov 4, 2026 was $82.38. Our model-based fair value is $54.73, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wynn Resorts Limited right now?
Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($48.04 to $87.42) leaves room in how you read the outcome.
Key figures of Wynn Resorts Limited
How large is the market capitalisation of Wynn Resorts Limited (WYNN)?
The market capitalisation of Wynn Resorts Limited is $8.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wynn Resorts Limited (WYNN)?
The price-to-sales ratio of Wynn Resorts Limited is 1.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wynn Resorts Limited (WYNN)?
Earnings per share at Wynn Resorts Limited are $4.17 (price ÷ EPS = P/E 19.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wynn Resorts Limited (WYNN)?
The dividend yield of Wynn Resorts Limited is 1.2% (payout 15.0%, on adjusted earnings, reported 24.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Wynn Resorts Limited (WYNN)?
The net margin of Wynn Resorts Limited is 6.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wynn Resorts Limited (WYNN)?
The return on equity (ROE) of Wynn Resorts Limited is −561% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wynn Resorts Limited (WYNN)?
On an EBIT basis the return on assets of Wynn Resorts Limited is 3.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wynn Resorts Limited (WYNN)?
The operating margin of Wynn Resorts Limited is 16.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wynn Resorts Limited (WYNN)?
Revenue at Wynn Resorts Limited is growing +6.9% versus a year earlier (3y avg +23.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wynn Resorts Limited (WYNN)?
Earnings per share at Wynn Resorts Limited are growing +106% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wynn Resorts Limited (WYNN) carry?
The net debt of Wynn Resorts Limited is $10.8B (fiscal year 2025, ≈ 15.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 5, 2026