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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 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

How has MGM's PE ratio performed in the past

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.

Average
20.08
Median
12.97
Minimum
2.15
Maximum
84.03

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 above its 3 and 5-year historical averages, but it is lower than the 10-year average.

3-year avg
15.15
5-year avg
13.87
10-year avg
20.08
15-year avg
22.22

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 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.