MGM MGM Resorts International PE ratio, current and historical analysis
The price-to-earnings ratio for MGM Resorts International stock stands at 15.79 as of Oct 29, 2024. This results from the current EPS of $2.66 and stock price of $41.99. An increase of 3.6% has been recorded in the PE ratio compared to the average of 15.2 of the past four quarters.
MGM PE ratio history
Over the last nine years, the average PE ratio of MGM Resorts International has been 20.08. The current 15.79 price-to-earnings ratio is 21% 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 above its 3 and 5-year historical averages, but it is lower than the 10-year average.
MGM PE vs peers
MGM's PE ratio is less than its peer stocks LVS and MCRI, but it is above WYNN's and BYD's. MGM Resorts International is presently trading at a lower PE ratio (15.79) than its peer group average of 17.84.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WYNN Wynn Resorts Ltd | 12.73 | $10.97B |
| BYD Boyd Gaming Corp | 13.79 | $6.54B |
| MGM MGM Resorts International | 15.59 | $12.6B |
| MCRI Monarch Casino & Resort Inc | 18.27 | $1.47B |
| LVS Las Vegas Sands Corp | 26.32 | $38.55B |
| PENN Penn National Gaming Inc | N/A | $3.18B |
| CNTY Century Casinos Inc | N/A | $107.08M |
Frequently asked questions
What is MGM Resorts International's PE ratio?
MGM's price to earnings ratio is 15.79 as of Oct 29, 2024.
What is the 3-year average PE ratio for MGM Resorts International (MGM)?
The 3-year average PE ratio for MGM stock is 15.15.
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 21% 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 (Oct 29, 2024), MGM Resorts International's stock price is $41.99. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.66. Therefore, MGM Resorts International's price to earnings ratio for today is 15.79. PE RATIO(15.79) = STOCK PRICE($41.99) / TTM EPS($2.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.