<div id="readability-page-1"><div><p>Wynn Resorts (WYNN) is back in focus after its latest quarterly update, where revenue was supported by Macau operations while profits declined as Las Vegas and Boston softened and earnings missed Wall Street expectations.</p> <p>See our latest analysis for Wynn Resorts.</p> <p>At a share price of $113.39, Wynn Resorts has had a mixed start to 2026. The stock saw a 1 day share price return of 5.14% after earnings volatility, but the year to date share price return shows a 7.49% decline. Meanwhile, the 1 year total shareholder return of 28.90% and 3 year total shareholder return of 7.02% indicate that longer term holders have still seen gains, even as recent Q4 earnings and renovation plans have cooled shorter term momentum.</p> <p>If this report has you reassessing casino and resort exposure, you might also want to see how markets are pricing 23 top founder-led companies as another source of ideas beyond the big names.</p> <p>With earnings under pressure, a quarterly dividend in place and the stock trading at a discount to analyst targets, the central issue is whether Wynn Resorts is undervalued today or whether the market already reflects its future growth.</p> <h2>Most Popular Narrative: 21.7% Undervalued</h2> <p>At $113.39, the most followed valuation narrative puts Wynn Resorts’ fair value closer to $144.89, which sets up a sizable gap for investors to consider.</p> <blockquote> <p><em>The imminent launch of Wynn Al Marjan Island, with first mover advantage and limited near term competition in a potentially multi billion dollar new market, is a major forward catalyst that is currently underappreciated by investors and could drive a meaningful step change in both consolidated revenue and EBITDAR.</em></p> </blockquote> <p><em>Read the complete narrative.</em></p> <p>Curious how that view turns into a higher fair value? The narrative leans on steady revenue expansion, firmer margins, and a richer earnings multiple baked into its model.</p> <p><strong>Result: Fair Value of $144.89 (UNDERVALUED)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, heavy reliance on Macau, combined with rising operating and capital costs, means that regulatory shifts or weaker project returns could quickly challenge this upbeat valuation story.</p> <p>Find out about the key risks to this Wynn Resorts narrative.</p> <h2>Another Way To Look At Valuation</h2> <p>Those fair value models suggest upside, but the current P/E of 35.7x tells a different story. It sits well above the US Hospitality average of 21.4x, its peer average of 19.9x, and even its own fair ratio of 24.8x. Is the market simply paying up too much for the story here?</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d4895830-c4ef-4b72-8e7d-e25f1b71bc8a/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d4895830-c4ef-4b72-8e7d-e25f1b71bc8a/chart/pe-multiple-vs-industry"/><figcaption>NasdaqGS:WYNN P/E Ratio as at Feb 2026</figcaption></figure><h2>Next Steps</h2> <p>Mixed messages or clear signal, either way it makes sense to look at the underlying data now and weigh both sides for yourself, starting with 2 key rewards and 3 important warning signs.</p> <h2>Ready For Your Next Investing Move?</h2> <p>If you stop with a single stock, you miss the bigger picture. Let the Simply Wall Street Screener surface fresh ideas that fit your style in minutes.</p> <ul> <li>Target quality at a discount by checking out our 54 high quality undervalued stocks that combine fundamentals with pricing that may appeal to value focused investors.</li> <li>Prioritise resilience by scanning 83 resilient stocks with low risk scores that score well on our risk framework and may suit a steadier approach.</li> <li>Spot future contenders early by reviewing our screener containing 24 high quality undiscovered gems before they appear on everyone else's radar.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3>Valuation is complex, but we're here to simplify it.</h3><p>Discover if Wynn Resorts might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p><p>Access Free Analysis</p></div></div></div>

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<p>Wynn Resorts (WYNN) reported mixed Q4 results, with revenue boosted by Macau but profits declining due to softness in Las Vegas and Boston. The stock price is currently $113.39, reflecting a 7.49% year-to-date decline despite a 28.90% total return over the past year. Analysts suggest a fair value of $144.89, indicating potential undervaluation. However, concerns about reliance on Macau and rising costs pose risks. The current P/E ratio of 35.7x is significantly higher than industry averages, raising questions about market pricing. Investors are encouraged to assess both opportunities and risks.</p>

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Assessing Wynn Resorts (WYNN) Valuation After Mixed Q4 Results And Macau Led Growth