Light & Wonder, Inc (LNWO) Fair Value & Analysis
Consumer Cyclical · US · Market cap $7.2B
Light & Wonder, Inc
LNWO · US
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 18 days ago
Fair value updated Jun 24, 2026 — revised from $78.04 to $70.17 (−10.1%) since Jun 23, 2026. Share price −13.2% over the past month.
Price vs Fair Value (12 months)
12‑month range $71.41 – $122.55 · fair‑value band $37.21 – $101.45 · the $73.49 price screens above the $70.17 fair value. As of Jun 24, 2026.
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Light & Wonder, Inc (LNWO) currently trades at $73.49, while our model-based Fair Value estimate is $70.17 — implying the stock looks roughly 4.5% overvalued today. We read business quality at 50/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Light & Wonder, Inc generated revenue of $3.3B at a net margin of 7.4%. Revenue grew 2.1% year over year. It earns a return on equity of 52.9%. Net debt stands at $5.1B. Fundamentals as of Jun 24, 2026
Our scenario range runs from $37.21 (bear case) to $101.45 (bull case); at $73.49, the current price sits within that range. The share trades about 40% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside — at -5%, LNWO screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals and video lottery terminals, including conversion kits and spare parts. This segment also leases or provides gaming content, gaming machines, and server-based system; electronic pull-tabs and related services to charitable gaming entities; sells and supports casino-management system based software and hardware; licenses proprietary table games content; and supplies Shufflers and other table product utilities to commercial, tribal, and governmental gaming operators. The SciPlay segment develops, markets, and operates a portfolio of social games on various online platforms. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Light & Wonder, Inc reported revenue of $3.3B in FY2025 versus $2.2B in FY2021, a compound +11.4%/yr. Reported net income was $276M in FY2025, compounding −7.1%/yr from FY2021.
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Recent news
- How The Light & Wonder (LNWO) Narrative Is Shifting As Analysts Rework Valuation Assumptions
- Light & Wonder (LNWO) Q1 Earnings and Revenues Lag Estimates
- Melco Resorts (MLCO) Q1 Earnings and Revenues Beat Estimates
- Light & Wonder (LNWO) Surges 5.0%: Is This an Indication of Further Gains?
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
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10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
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|---|---|---|---|
| Aristocrat Leisure Limited ARLUF | $41.84 | $35.28 | -16% |
| Flutter Entertainment plc FLUT | $112.94 | $88.37 | -22% |
| Allwyn AG GRKZF | $15.25 | $13.75 | -10% |
| Evolution AB EVGGF | $70.95 | $213.00 | +200% |
| DraftKings Inc DKNG | $25.15 | $5.09 | -80% |
| The Lottery Corporation LTRCF | $3.80 | $2.03 | -47% |
| Lottomatica Group LTMC | €25.92 | €16.38 | -37% |
| Super Group SGHC | $13.78 | $12.30 | -11% |
| Rush Street Interactive, Inc RSI | $30.52 | $15.03 | -51% |
| Churchill Downs Incorporated C2HD34 | R$22.08 | R$7.12 | -68% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.