The price-to-earnings ratio for MGM Resorts International stock stands at 15.97 as of Jul 26, 2024. This results from the current EPS of $2.62 and stock price of $41.84. A decrease of 25% has been recorded in the PE ratio compared to the average of 21.3 of the past four quarters.
Over the last ten years, the average PE ratio of MGM Resorts International has been 22.49. The current 15.97 price-to-earnings ratio is 29% less than the historical average. In the past ten years, MGM's PE ratio reached its highest point in the Sep 2014 quarter at 84.37, with a price of $22.78 and an EPS of $0.27. The Mar 2020 quarter saw the lowest point at 2.15, with a price of $11.8 and an EPS of $5.48.
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 |
The current PE ratio of MGM is above its 5-year historical average, but it is lower than the 3 and 10-year averages.
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 higher PE ratio (15.97) than its peer group average of 14.64.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WYNN Wynn Resorts Ltd | 10.63 | $9.15B |
| BYD Boyd Gaming Corp | 10.92 | $5.79B |
| MGM MGM Resorts International | 15.97 | $13.12B |
| MCRI Monarch Casino & Resort Inc | 18.06 | $1.46B |
| LVS Las Vegas Sands Corp | 18.93 | $29.19B |
| PENN Penn National Gaming Inc | N/A | $3B |
| CNTY Century Casinos Inc | N/A | $83.46M |
MGM's price to earnings ratio is 15.97 as of Jul 26, 2024.
The 3-year average PE ratio for MGM stock is 16.55.
The 5-year average PE ratio for MGM stock is 13.68.
Over the last ten years, the quarterly PE ratio reached a historic high of 84.37 in the Sep 2014 quarter.
MGM's price to earnings ratio is currently 29% below its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 26, 2024), MGM Resorts International's stock price is $41.84. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.62. Therefore, MGM Resorts International's price to earnings ratio for today is 15.97. PE RATIO(15.97) = STOCK PRICE($41.84) / TTM EPS($2.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.