MGM MGM Resorts International PE ratio, current and historical analysis
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The price-to-earnings ratio for MGM Resorts International stock stands at 16.86 as of Jul 11, 2025. This results from the current EPS of $2.25 and stock price of $37.93. An increase of 16% has been recorded in the PE ratio compared to the average of 14.5 of the past four quarters.
MGM PE ratio history
Over the last nine years, the average PE ratio of MGM Resorts International has been 19.47. The current 16.86 price-to-earnings ratio is 13% 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 history chart
MGM Resorts International PE ratio by year
Maximum annual increase: 199.49% in 2018
Maximum annual decrease: -71.17% in 2019
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 14.32 | 3.17% | $34.65 | $2.42 |
| 2023 | 13.88 | 45.65% | $44.68 | $3.22 |
| 2022 | 9.53 | -48.18% | $33.53 | $3.52 |
| 2021 | 18.39 | N/A | $44.88 | $2.44 |
| 2020 | N/A | N/A | $31.51 | -$2.02 |
| 2019 | 8.53 | -71.17% | $33.27 | $3.9 |
| 2018 | 29.59 | 199.49% | $24.26 | $0.82 |
| 2017 | 9.88 | -33.51% | $33.39 | $3.38 |
| 2016 | 14.86 | N/A | $28.83 | $1.94 |
| 2015 | N/A | N/A | $22.72 | -$0.82 |
| 2014 | N/A | N/A | $21.38 | -$0.31 |
| 2013 | N/A | N/A | $23.52 | -$0.35 |
| 2012 | N/A | N/A | $11.64 | -$3.62 |
| 2011 | 1.64 | N/A | $10.43 | $6.37 |
| 2010 | N/A | N/A | $14.85 | -$3.19 |
MGM Resorts International PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 13.17 | -8.03% | $29.64 | $2.25 |
| Dec 2024 | 14.32 | 2.95% | $34.65 | $2.42 |
| Sep 2024 | 13.91 | -16.76% | $39.09 | $2.81 |
| Jun 2024 | 16.71 | -7.27% | $44.44 | $2.66 |
| Mar 2024 | 18.02 | 29.83% | $47.21 | $2.62 |
| Dec 2023 | 13.88 | 12.48% | $44.68 | $3.22 |
| Sep 2023 | 12.34 | -69.94% | $36.76 | $2.98 |
| Jun 2023 | 41.05 | 339.04% | $43.92 | $1.07 |
| Mar 2023 | 9.35 | -1.89% | $44.42 | $4.75 |
| Dec 2022 | 9.53 | -4.41% | $33.53 | $3.52 |
| Sep 2022 | 9.97 | 149.25% | $29.72 | $2.98 |
| Jun 2022 | 4 | -70.06% | $28.95 | $7.24 |
| Mar 2022 | 13.36 | -27.35% | $41.94 | $3.14 |
| Dec 2021 | 18.39 | -42.89% | $44.88 | $2.44 |
| Sep 2021 | 32.2 | N/A | $43.15 | $1.34 |
MGM Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
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.
PE vs average
MGM PE vs peers
MGM's PE ratio is less than its peer stocks LVS and WYNN, but it is above BYD's. MGM Resorts International is presently trading at a lower PE ratio (16.86) than its peer group average of 22.61.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BYD Boyd Gaming Corp | 13.5 | $6.7B |
| MGM MGM Resorts International | 16.94 | $10.37B |
| MCRI Monarch Casino & Resort Inc | 21.71 | $1.62B |
| LVS Las Vegas Sands Corp | 27.91 | $35.49B |
| WYNN Wynn Resorts Ltd | 28.18 | $11.61B |
| PENN Penn National Gaming Inc | N/A | $2.68B |
| CNTY Century Casinos Inc | N/A | $73.95M |
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Frequently asked questions
What is MGM Resorts International's PE ratio?
MGM's price to earnings ratio is 16.86 as of Jul 11, 2025.
What is the 3-year average PE ratio for MGM Resorts International (MGM)?
The 3-year average PE ratio for MGM stock is 15.66.
What is the 5-year average PE ratio for MGM Resorts International (MGM)?
The 5-year average PE ratio for MGM stock is 15.51.
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 13% 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 (Jul 11, 2025), MGM Resorts International's stock price is $37.93. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $2.25. Therefore, MGM Resorts International's price to earnings ratio for today is 16.86. PE RATIO(16.86) = STOCK PRICE($37.93) / TTM EPS($2.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.