GLPI · Intrinsic value
Is Gaming and Leisure Properties, Inc. (GLPI) overvalued or undervalued?
Gaming and Leisure Properties, Inc. (GLPI) trades at the delayed market price of $39.14 a share. That price already implies revenue growth of −0.8% a year for 5 years. TickerWorth's dcf fair value is $62.13 a share (37% below fair value), as of Oct 20, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 20, 2026 · How these pages are made
Is GLPI undervalued?
- DCF fair value
- $62.13
- Market price
- $39.14
- Upside to fair value
- +58.7%
- Verdict
- 37% below fair value
Reverse DCF: Today's price implies revenue growth of −0.8% a year for 5 years; our model assumes 6.1% a year on average over the same horizon.
What is GLPI's TickerWorth Score?
Scores higher than almost every company we compare it with
Compared with Real Estate companies in US
Its strongest point: a profitable, high-quality business. Its weakest: recent price trend has been weak.
- Value · 68 of 100
Cheaper than 68% of Real Estate companies in US
- Price vs worth · — of 100
- Quality · 95 of 100
More profitable than 95% of Real Estate companies in US
- Financial health · 61 of 100
Financially stronger than 61% of Real Estate companies in US
- Growth · 59 of 100
Growing faster than 59% of Real Estate companies in US
- Momentum · 14 of 100
Outperformed 14% of Real Estate companies in US over the past year
Confidence: Medium confidence · Scored
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GLPI DCF valuation: where the gap comes from
At a recent price of $39.14, Gaming and Leisure Properties, Inc. (GLPI) trades 37% below TickerWorth's base-case discounted-cash-flow (DCF) fair value of $62.13 per share — meaning the market currently prices GLPI undervalued vs our estimate of what the business is intrinsically worth. Our fair value sits above the market, an implied +58.7% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
The valuation discounts Gaming and Leisure Properties, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 7.2%, with a long-run terminal growth rate of 2.5%. About 81% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly -0.8% annual revenue growth for GLPI. Our base case instead compounds to about 6.1% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, GLPI's modeled DCF value ranges from about $33.49 to $156.07 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Gaming and Leisure Properties, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of GLPI's intrinsic value. Figures update as new filings and prices come in.
Every input behind GLPI's DCF
| Input | Value |
|---|---|
| Base-year revenueGaming and Leisure Properties, Inc. FY2025 10-K (accession 0001575965-26-000032): us-gaap:Revenues, FY2025 full year. | $1,594,750,000 |
| Base EBIT marginGaming and Leisure Properties, Inc. FY2025 10-K (accession 0001575965-26-000032): us-gaap:OperatingIncomeLoss 1,201,453,000 / revenue 1,594,752,000 = 75.34%, FY2025. | 75.3% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 8% → 7% → 6% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.68 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesGaming and Leisure Properties, Inc. FY2025 10-K (accession 0001575965-26-000032): WeightedAverageNumberOfDilutedSharesOutstanding = 280,043,000 shares, FY2025. | 280M |
| Market priceDelayed quote · as of 2026-10-20 22:14 UTC | $39.14 |
Change GLPI's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Gaming and Leisure Properties, Inc. do?
What does it do?
Gaming and Leisure Properties, Inc. is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. It operates in the REIT - Specialty industry (Real Estate sector), headquartered in United States. The company employs roughly 20 people.
How does it make money?
The business turns $1.6B in annual revenue into profit. Out of every $100 of sales, about $77 is left as operating profit (operating margin of 77.5%), after a 102% gross margin on the products/services it sells. After all costs, taxes and interest, 58.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries moderate debt (1.6× equity), comfortably covers its short-term bills (24.3× current ratio), and is currently profitable.
Who at GLPI filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| SHANKS EARL C | Director | Open-market buy | $422,400.00 | Form 4 for SHANKS EARL C (opens sec.gov in a new tab) | |
| Urdang E Scott | Director | Open-market sale | $144,960.00 | Form 4 for Urdang E Scott (opens sec.gov in a new tab) | |
| Burke Desiree A. | CFO and Treasurer | Open-market sale | $480,592.08 | Form 4 for Burke Desiree A. (opens sec.gov in a new tab) | |
| Moore Brandon John | President, COO, and Secretary | Open-market sale | $811,276.20 | Form 4 for Moore Brandon John (opens sec.gov in a new tab) | |
| Moore Brandon John | President, COO, and Secretary | Open-market sale | $5,472.57 | Form 4 for Moore Brandon John (opens sec.gov in a new tab) | |
| Urdang E Scott | Director | Open-market sale | $189,480.00 | Form 4 for Urdang E Scott (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is GLPI's intrinsic value?
TickerWorth's base-case DCF fair value for Gaming and Leisure Properties, Inc. (GLPI) is $62.13 per share, versus a market price of $39.14 (37% below fair value).
Is GLPI overvalued or undervalued?
On our DCF model GLPI looks undervalued vs fair value at $39.14. This is an educational estimate, not advice.
What discount rate is used for GLPI?
A WACC of 7.2% and a terminal growth rate of 2.5%.
Is Gaming and Leisure Properties stock undervalued?
TickerWorth's dcf fair value for Gaming and Leisure Properties, Inc. (GLPI) is $62.13 against a market price of $39.14. Our read: 37% below fair value. This is a model estimate, not investment advice.
Gaming and Leisure Properties (GLPI) DCF valuation and fair value
Our dcf fair value for Gaming and Leisure Properties, Inc. (GLPI) is $62.13, built on a 7.2% discount rate (WACC) and 2.5% terminal growth. Every assumption is listed on this page with its source.
What growth is priced into Gaming and Leisure Properties stock?
Today's price implies revenue growth of −0.8% a year for 5 years; our model assumes 6.1% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $39.14. A model estimate, not investment advice.
Gaming and Leisure Properties (GLPI) insider trading
The most recent insider filing (SEC Form 4) for Gaming and Leisure Properties, Inc. (GLPI): SHANKS EARL C, Director, open-market buy on 2026-08-18. The latest filings are listed on this page. A disclosure, not a signal to trade.
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Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.