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MGM MGM Resorts International PE ratio, current and historical analysis

The price-to-earnings ratio for MGM Resorts International stock stands at 13.22 as of Feb 23, 2024. This results from the current EPS of $3.22 and stock price of $42.58. A decrease of 31% has been recorded in the PE ratio compared to the average of 19.2 of the past four quarters.

MGM PE ratio history

How has MGM's PE ratio performed in the past

Over the last ten years, the average PE ratio of MGM Resorts International has been 25.48. The current 13.22 price-to-earnings ratio is 48% less than the historical average. In the past ten years, MGM's PE ratio reached its highest point in the Jun 2014 quarter at 101.54, with a price of $26.4 and an EPS of $0.26. The Mar 2020 quarter saw the lowest point at 2.15, with a price of $11.8 and an EPS of $5.48.

Average
25.48
Median
12.97
Minimum
2.15
Maximum
101.54

MGM Resorts International PE ratio by year

Maximum annual increase: 199.49% in 2018

Maximum annual decrease: -71.17% in 2019

Year PE ratio Change
2023 13.88 45.65%
2022 9.53 -48.18%
2021 18.39 N/A
2020 N/A N/A
2019 8.53 -71.17%
2018 29.59 199.49%
2017 9.88 -33.51%
2016 14.86 N/A
2015 N/A N/A
2014 N/A N/A

MGM average PE ratio chart

What is the average PE ratio of MGM for the past years

The current PE ratio of MGM is lower than the 3, 5 and 10-year averages.

3-year avg
16.41
5-year avg
20.37
10-year avg
25.48
15-year avg
22.53

MGM PE vs peers

What is MGM's PE ratio compared to its peers

MGM's PE ratio is less than its peer stocks LVS and WYNN, but it is above BYD's. MGM Resorts International is presently trading at a lower PE ratio (13.22) than its peer group average of 18.77.

Stock name PE ratio Market cap
BYD Boyd Gaming Corp 9.32 $6.2B
MGM MGM Resorts International 13.1 $13.49B
MCRI Monarch Casino & Resort Inc 15.23 $1.31B
WYNN Wynn Resorts Ltd 15.96 $11.61B
LVS Las Vegas Sands Corp 33.76 $40.7B
PENN Penn National Gaming Inc N/A $2.55B
CNTY Century Casinos Inc N/A $83.49M

Frequently asked questions

What is MGM Resorts International's PE ratio?

MGM's price to earnings ratio is 13.22 as of Feb 23, 2024.

What is the 3-year average PE ratio for MGM Resorts International (MGM)?

The 3-year average PE ratio for MGM stock is 16.41.

What is the 5-year average PE ratio for MGM Resorts International (MGM)?

The 5-year average PE ratio for MGM stock is 20.37.

What is the highest PE ratio for MGM?

Over the last ten years, the quarterly PE ratio reached a historic high of 101.54 in the Jun 2014 quarter.

How does the current PE ratio for MGM compare to its historical average?

MGM's price to earnings ratio is currently 48% below its 10-year historical average.

How is MGM's PE ratio calculated (MGM Resorts International PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Feb 23, 2024), MGM Resorts International's stock price is $42.58. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.22. Therefore, MGM Resorts International's price to earnings ratio for today is 13.22. PE RATIO(13.22) = STOCK PRICE($42.58) / TTM EPS($3.22)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.