MGM Resorts
MGM
#1113
Rank
$12.92 B
Marketcap
$32.88
Share price
-1.32%
Change (1 day)
-26.34%
Change (1 year)
MGM Resorts International is an American company based in Las Vegas that operates hotels and casinos.

P/E ratio for MGM Resorts (MGM)

P/E ratio as of October 2022 (TTM): 4.57

According to MGM Resorts 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.5651. At the end of 2021 the company had a P/E ratio of 18.0.

P/E ratio history for MGM Resorts from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202118.0-216.12%
2020-15.5-286.15%
20198.34-72.5%
201830.3212.42%
20179.71-34.68%
201614.9-147.75%
2015-31.1-56.33%
2014-71.3-0.01%
2013-71.32110.43%
2012-3.22

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.