Question 1

What is MGM Resorts's EV/EBITDA ratio?

Accepted Answer

MGM Resorts (MGM) EV/EBITDA ratio is 24.7× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for MGM Resorts?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For MGM Resorts specifically, the relevant sector benchmark is the current sector median of 14.3×.

Question 5

Is MGM Resorts's EV/EBITDA ratio high or low?

Accepted Answer

MGM Resorts's EV/EBITDA ratio of 24.7× is below its own 5-year average of 25.9× and above the sector median of 14.3×. That places the current reading at the 84th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is MGM Resorts's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, MGM Resorts (MGM) EV/EBITDA ratio has ranged from a low of 3.4× in 2011 to a high of 162.0× in 2021. The 5-year average is 25.9× and the 5-year median is 17.7×.

Question 7

What was MGM Resorts's EV/EBITDA ratio in 2025?

Accepted Answer

MGM Resorts (MGM) EV/EBITDA ratio at the end of 2025 was 37.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does MGM Resorts's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$9.66B	$1.72B	37.1×	+21.2×	Dec 31, 2025
2024	$10.31B	$2.48B	15.9×	+0.1×	Dec 31, 2024
2023	$15.09B	$2.76B	15.8×	+1.1×	Dec 31, 2023
2022	$12.88B	$2.79B	14.7×	-8.6×	Dec 31, 2022
2021	$20.89B	$1.75B	23.3×	-60.5×	Dec 31, 2021
2020	$15.54B	$375.46M	83.8×	+73.1×	Dec 31, 2020
2019	$17.02B	$2.84B	10.7×	+0.1×	Dec 31, 2019
2018	$12.82B	$2.51B	10.5×	-1.3×	Dec 31, 2018
2017	$18.91B	$2.57B	11.8×	+0.3×	Dec 31, 2017
2016	$16.54B	$2.44B	11.5×	-40.2×	Dec 31, 2016
2015	$12.82B	$461.56M	51.7×	+41.1×	Dec 31, 2015
2014	$10.50B	$2.12B	10.5×	-1.2×	Dec 31, 2014
2013	$11.51B	$1.99B	11.7×	-7.7×	Dec 31, 2013
2012	$5.68B	$920.70M	19.5×	+15.9×	Dec 31, 2012
2011	$5.10B	$4.76B	3.6×	—	Dec 31, 2011
2010	$7.10B	−$445.16M	—	—	Dec 31, 2010
2009	$4.02B	−$534.10M	—	—	Dec 31, 2009
2008	$3.80B	$658.30M	25.8×	+16.0×	Dec 31, 2008
2007	$24.25B	$3.58B	9.8×	-2.3×	Dec 31, 2007
2006	$16.30B	$2.38B	12.1×	+0.7×	Dec 31, 2006
2005	$10.36B	$1.96B	11.4×	+0.3×	Dec 31, 2005
2004	$10.10B	$1.37B	11.1×	+1.9×	Dec 31, 2004
2003	$5.38B	$1.16B	9.1×	+2.2×	Dec 31, 2003
2002	$4.95B	$1.44B	6.9×	-2.5×	Dec 31, 2002
2001	$4.55B	$1.04B	9.4×	—	Dec 31, 2001


Packaging Corporation of America (PKG)	12.3×
Wynn Resorts (WYNN)	11.7×
General Motors (GM)	11.5×
Amcor (AMCR)	11.3×
Masco (MAS)	10.9×
NVR (NVR)	10.9×
Ball (BALL)	10.7×
D.R. Horton (DHI)	10.7×
Las Vegas Sands (LVS)	10.1×
Norwegian Cruise Line (NCLH)	9.9×
Carnival Corporation (CCL)	9.5×
Deckers Outdoor (DECK)	9.5×
LKQ (LKQ)	9.0×
Toll Brothers (TOL)	8.6×
PulteGroup (PHM)	8.1×
Expedia Group (EXPE)	8.0×
Etsy (ETSY)	8.0×
Leggett & Platt (LEG)	7.3×
Best Buy Co. (BBY)	6.8×
Weyco Group (WEYS)	6.6×
Sonoco Products (SON)	6.5×
Lululemon Athletica (LULU)	6.3×
Mohawk Industries (MHK)	4.9×
Smurfit Westrock (SW)	4.6×
PDD Holdings (PDD)	3.7×

EV/EBITDA for MGM Resorts (MGM)

EV/EBITDA daily chart for MGM Resorts (MGM)

Historical EV/EBITDA for MGM Resorts (MGM) from 2001 to 2025

About EV/EBITDA at MGM Resorts (MGM)

MGM Resorts EV/EBITDA by Year

MGM Resorts EV/EBITDA 2025: 37.1×

MGM Resorts EV/EBITDA 2024: 15.9×

MGM Resorts EV/EBITDA 2023: 15.8×

MGM Resorts EV/EBITDA 2022: 14.7×

MGM Resorts EV/EBITDA 2021: 23.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

MGM Resorts (MGM) Key Financials

EV/EBITDA daily chart for MGM Resorts (MGM)

Historical EV/EBITDA for MGM Resorts (MGM) from 2001 to 2025

About EV/EBITDA at MGM Resorts (MGM)

MGM Resorts EV/EBITDA by Year

MGM Resorts EV/EBITDA 2025: 37.1×

MGM Resorts EV/EBITDA 2024: 15.9×

MGM Resorts EV/EBITDA 2023: 15.8×

MGM Resorts EV/EBITDA 2022: 14.7×

MGM Resorts EV/EBITDA 2021: 23.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is MGM Resorts's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for MGM Resorts?

+Is MGM Resorts's EV/EBITDA ratio high or low?

+What is MGM Resorts's historical EV/EBITDA ratio range?

+What was MGM Resorts's EV/EBITDA ratio in 2025?

+Why does MGM Resorts's EV/EBITDA ratio change over time?

MGM Resorts (MGM) Key Financials