P/E ratio for Melco Resorts & Entertainment (MLCO)
P/E ratio as of September 2023 (TTM): -7.41
According to Melco Resorts & Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.41366. At the end of 2021 the company had a P/E ratio of -6.00.
P/E ratio history for Melco Resorts & Entertainment from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -6.00 | -27.6% |
| 2020 | -8.28 | -127.03% |
| 2019 | 30.6 | 27.26% |
| 2018 | 24.1 | -41.31% |
| 2017 | 41.0 | |
| 2015 | 84.8 | |
| 2012 | 22.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Red Rock Resorts RRR | 10.9 | -246.40% | 🇺🇸 USA |
 Penn National Gaming
PENN | 4.75 | -164.06% | 🇺🇸 USA |
 Melco Resorts & Entertainment MLCO | -7.41 | 0.00% | 🇭🇰 Hong Kong |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.