P/E ratio for Monarch Casino & Resort (MCRI)
P/E ratio as of October 2023 (TTM): 13.5
According to Monarch Casino & Resort's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.4532. At the end of 2021 the company had a P/E ratio of 20.1.
P/E ratio history for Monarch Casino & Resort from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 20.1 | -57.66% |
| 2020 | 47.5 | 73.02% |
| 2019 | 27.4 | 37.36% |
| 2018 | 20.0 | -35.4% |
| 2017 | 30.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Las Vegas Sands LVS | 639 | 4,649.80% | 🇺🇸 USA |
 MGM Resorts
MGM | 34.0 | 152.87% | 🇺🇸 USA |
 Wynn Resorts
WYNN | > 1000 | 11,078.23% | 🇺🇸 USA |
 Penn National Gaming
PENN | 4.53 | -66.29% | 🇺🇸 USA |
 Century Casinos CNTY | -36.4 | -370.25% | 🇺🇸 USA |
 Boyd Gaming
BYD | 8.54 | -36.51% | 🇺🇸 USA |
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.