P/E ratio for Melco Resorts & Entertainment (MLCO)
P/E ratio as of April 2024 (TTM): -4.71
According to Melco Resorts & Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.70721. At the end of 2022 the company had a P/E ratio of -5.71.
P/E ratio history for Melco Resorts & Entertainment from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.71 | -4.71% |
| 2021 | -6.00 | -14.39% |
| 2020 | -7.00 | -122.79% |
| 2019 | 30.7 | 27.63% |
| 2018 | 24.1 | -41.31% |
| 2017 | 41.0 | -9.45% |
| 2016 | 45.3 | -46.61% |
| 2015 | 84.8 | 269.79% |
| 2014 | 22.9 | -32.08% |
| 2013 | 33.8 | 52.86% |
| 2012 | 22.1 | 26.88% |
| 2011 | 17.4 | -106% |
| 2010 | -290 | 5345.21% |
| 2009 | -5.33 | -99.33% |
| 2008 | -793 | 2882.9% |
| 2007 | -26.6 | -74% |
| 2006 | -102 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Red Rock Resorts RRR | 15.3 | -426.01% | 🇺🇸 USA |
 Penn National Gaming
PENN | -22.0 | 367.89% | 🇺🇸 USA |
 Melco Resorts & Entertainment MLCO | -4.71 | 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.