P/E ratio for MGM Resorts (MGM)
P/E ratio as of May 2024 (TTM): 38.6
According to MGM Resorts 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.6381. At the end of 2022 the company had a P/E ratio of 9.80.
P/E ratio history for MGM Resorts from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.80 | -45.61% |
| 2021 | 18.0 | -216.12% |
| 2020 | -15.5 | -286.15% |
| 2019 | 8.34 | -72.5% |
| 2018 | 30.3 | 212.42% |
| 2017 | 9.71 | -34.68% |
| 2016 | 14.9 | -147.75% |
| 2015 | -31.1 | -56.33% |
| 2014 | -71.3 | -0.01% |
| 2013 | -71.3 | 2110.43% |
| 2012 | -3.22 | -296.93% |
| 2011 | 1.64 | -135.17% |
| 2010 | -4.66 | 49.56% |
| 2009 | -3.11 | -30.78% |
| 2008 | -4.50 | -129.54% |
| 2007 | 15.2 | -39.49% |
| 2006 | 25.2 | 7.01% |
| 2005 | 23.5 | -4.99% |
| 2004 | 24.7 | 8.54% |
| 2003 | 22.8 | 27.9% |
| 2002 | 17.8 | -34.57% |
| 2001 | 27.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Las Vegas Sands LVS | 52.9 | 36.88% | 🇺🇸 USA |
 Wynn Resorts
WYNN | > 1000 | 4,057.81% | 🇺🇸 USA |
 Penn National Gaming
PENN | -19.9 | -151.38% | 🇺🇸 USA |
 Monarch Casino & Resort MCRI | 15.0 | -61.13% | 🇺🇸 USA |
 Century Casinos CNTY | -22.0 | -156.94% | 🇺🇸 USA |
 Boyd Gaming
BYD | 7.93 | -79.49% | 🇺🇸 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.