The price-to-earnings ratio for MGM Resorts International stock stands at 15.6 as of May 2, 2024. This results from the current EPS of $2.62 and stock price of $40.87. A decrease of 27% 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 25.22. The current 15.6 price-to-earnings ratio is 38% 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.
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 lower than the 3, 5 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's current PE ratio of 15.6 is in line with the average of its peer group, which is 15.5.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BYD Boyd Gaming Corp | 8.92 | $5.24B |
| WYNN Wynn Resorts Ltd | 14.9 | $10.84B |
| MGM MGM Resorts International | 15.69 | $12.89B |
| MCRI Monarch Casino & Resort Inc | 15.91 | $1.29B |
| LVS Las Vegas Sands Corp | 22.63 | $34.9B |
| PENN Penn National Gaming Inc | N/A | $2.34B |
| CNTY Century Casinos Inc | N/A | $95.03M |
MGM's price to earnings ratio is 15.6 as of May 2, 2024.
The 3-year average PE ratio for MGM stock is 16.55.
The 5-year average PE ratio for MGM stock is 18.08.
Over the last ten years, the quarterly PE ratio reached a historic high of 101.54 in the Jun 2014 quarter.
MGM's price to earnings ratio is currently 38% 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 (May 2, 2024), MGM Resorts International's stock price is $40.87. 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 15.6. PE RATIO(15.6) = STOCK PRICE($40.87) / TTM EPS($2.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.