Question 1

What is MGM Resorts's P/E ratio?

Accepted Answer

MGM Resorts (MGM) P/E ratio is 64.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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 P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for MGM Resorts?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For MGM Resorts specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is MGM Resorts's P/E ratio high or low?

Accepted Answer

MGM Resorts's P/E ratio of 64.4× is above its own 5-year average of 25.2× and above the sector median of 21.7×. That places the current reading at the 91th 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 P/E ratio range?

Accepted Answer

In the available daily series, MGM Resorts (MGM) P/E ratio has ranged from a low of 1.5× in 2011 to a high of 1260.0× in 2019. The 5-year average is 25.2× and the 5-year median is 13.8×.

Question 7

What was MGM Resorts's P/E ratio in 2025?

Accepted Answer

MGM Resorts (MGM) P/E ratio at the end of 2025 was 46.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does MGM Resorts's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$206M	46.9×	+33.0×	Dec 31, 2025
2024	$10.3B	$747M	13.8×	+0.6×	Dec 31, 2024
2023	$15.1B	$1.14B	13.2×	+4.5×	Dec 31, 2023
2022	$12.9B	$1.47B	8.7×	-7.9×	Dec 31, 2022
2021	$20.9B	$1.25B	16.7×	—	Dec 31, 2021
2020	$15.5B	-$1.03B	—	—	Dec 31, 2020
2019	$17B	$2.05B	8.3×	-20.0×	Dec 31, 2019
2018	$12.8B	$452M	28.4×	+18.6×	Dec 31, 2018
2017	$18.9B	$1.94B	9.7×	-5.3×	Dec 31, 2017
2016	$16.5B	$1.1B	15.0×	—	Dec 31, 2016
2015	$12.8B	-$448M	—	—	Dec 31, 2015
2014	$10.5B	-$150M	—	—	Dec 31, 2014
2013	$11.5B	-$157M	—	—	Dec 31, 2013
2012	$5.68B	-$1.77B	—	—	Dec 31, 2012
2011	$5.1B	$3.11B	1.6×	—	Dec 31, 2011
2010	$7.1B	-$1.44B	—	—	Dec 31, 2010
2009	$4.02B	-$1.29B	—	—	Dec 31, 2009
2008	$3.8B	-$855M	—	—	Dec 31, 2008
2007	$24.3B	$1.58B	15.3×	-9.8×	Dec 31, 2007
2006	$16.3B	$648M	25.1×	+1.8×	Dec 31, 2006
2005	$10.4B	$443M	23.4×	-1.1×	Dec 31, 2005
2004	$10.1B	$412M	24.5×	+2.4×	Dec 31, 2004
2003	$5.38B	$244M	22.1×	+5.2×	Dec 31, 2003
2002	$4.95B	$292M	16.9×	—	Dec 31, 2002


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P/E Ratio for MGM Resorts (MGM) 2002-2026

P/E Ratio daily chart for MGM Resorts (MGM)

Historical P/E Ratio for MGM Resorts (MGM) from 2002 to 2025

About P/E Ratio at MGM Resorts (MGM)

MGM Resorts P/E Ratio by Year

MGM Resorts P/E Ratio 2025: 46.9×

MGM Resorts P/E Ratio 2024: 13.8×

MGM Resorts P/E Ratio 2023: 13.2×

MGM Resorts P/E Ratio 2022: 8.7×

MGM Resorts P/E Ratio 2021: 16.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

MGM Resorts (MGM) Key Financials