MGM MGM Resorts International PE ratio, current and historical analysis
The price-to-earnings ratio for MGM Resorts International stock stands at 12.16 as of Dec 20, 2024. This results from the current EPS of $2.81 and stock price of $34.16. A decrease of 22% has been recorded in the PE ratio compared to the average of 15.6 of the past four quarters.
MGM PE ratio history
Over the last nine years, the average PE ratio of MGM Resorts International has been 19.86. The current 12.16 price-to-earnings ratio is 39% less than the historical average. In the past nine years, MGM's PE ratio reached its highest point in the Jun 2019 quarter at 84.03, with a price of $28.57 and an EPS of $0.34. The Mar 2020 quarter saw the lowest point at 2.15, with a price of $11.8 and an EPS of $5.48.
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
The current PE ratio of MGM is lower than the 3, 5 and 10-year averages.
MGM PE vs peers
MGM's PE ratio is less than its peer stocks LVS and BYD, but it is above WYNN's. MGM Resorts International is presently trading at a lower PE ratio (12.16) than its peer group average of 16.72.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WYNN Wynn Resorts Ltd | 10.46 | $9.77B |
| MGM MGM Resorts International | 12.16 | $10.17B |
| BYD Boyd Gaming Corp | 13.54 | $6.29B |
| MCRI Monarch Casino & Resort Inc | 17.02 | $1.44B |
| LVS Las Vegas Sands Corp | 25.87 | $37.88B |
| PENN Penn National Gaming Inc | N/A | $2.84B |
| CNTY Century Casinos Inc | N/A | $105.85M |
Frequently asked questions
What is MGM Resorts International's PE ratio?
MGM's price to earnings ratio is 12.16 as of Dec 20, 2024.
What is the 3-year average PE ratio for MGM Resorts International (MGM)?
The 3-year average PE ratio for MGM stock is 15.04.
What is the 5-year average PE ratio for MGM Resorts International (MGM)?
The 5-year average PE ratio for MGM stock is 13.87.
What is the highest PE ratio for MGM?
Over the last nine years, the quarterly PE ratio reached a historic high of 84.03 in the Jun 2019 quarter.
How does the current PE ratio for MGM compare to its historical average?
MGM's price to earnings ratio is currently 39% below its 9-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 (Dec 20, 2024), MGM Resorts International's stock price is $34.16. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.81. Therefore, MGM Resorts International's price to earnings ratio for today is 12.16. PE RATIO(12.16) = STOCK PRICE($34.16) / TTM EPS($2.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.