MGM Price Earnings Ratio from 2010 to 2024

MGM Stock  USD 40.64  0.37  0.90%   
MGM Resorts Price Earnings Ratio yearly trend continues to be very stable with very little volatility. Price Earnings Ratio is likely to drop to 6.97. During the period from 2010 to 2024, MGM Resorts Price Earnings Ratio quarterly data regression pattern had range of 140 and standard deviation of  36.95. View All Fundamentals
 
Price Earnings Ratio  
First Reported
2010-12-31
Previous Quarter
13.88405827
Current Value
6.97
Quarterly Volatility
36.94751252
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check MGM Resorts financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MGM main balance sheet or income statement drivers, such as Depreciation And Amortization of 664 M, Interest Expense of 502.6 M or Total Revenue of 17 B, as well as many exotic indicators such as Price To Sales Ratio of 0.93, Dividend Yield of 3.0E-4 or PTB Ratio of 4.37. MGM financial statements analysis is a perfect complement when working with MGM Resorts Valuation or Volatility modules.
  
This module can also supplement MGM Resorts' financial leverage analysis and stock options assessment as well as various MGM Resorts Technical models . Check out the analysis of MGM Resorts Correlation against competitors.

Latest MGM Resorts' Price Earnings Ratio Growth Pattern

Below is the plot of the Price Earnings Ratio of MGM Resorts International over the last few years. It is MGM Resorts' Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in MGM Resorts' overall financial position and show how it may be relating to other accounts over time.
Price Earnings Ratio10 Years Trend
Slightly volatile
   Price Earnings Ratio   
       Timeline  

MGM Price Earnings Ratio Regression Statistics

Arithmetic Mean1.62
Coefficient Of Variation2,277
Mean Deviation25.87
Median8.51
Standard Deviation36.95
Sample Variance1,365
Range140
R-Value0.34
Mean Square Error1,297
R-Squared0.12
Significance0.21
Slope2.84
Total Sum of Squares19,112

MGM Price Earnings Ratio History

2024 6.97
2023 13.88
2022 66.37
2021 17.24
2020 -11.8
2019 8.51
2018 28.29

About MGM Resorts Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include MGM Resorts income statement, its balance sheet, and the statement of cash flows. MGM Resorts investors use historical funamental indicators, such as MGM Resorts's Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although MGM Resorts investors may use each financial statement separately, they are all related. The changes in MGM Resorts's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on MGM Resorts's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on MGM Resorts Financial Statements. Understanding these patterns can help to make the right decision on long term investment in MGM Resorts. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price Earnings Ratio 13.88  6.97 

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When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:
Check out the analysis of MGM Resorts Correlation against competitors.
Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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Is MGM Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Earnings Share
2.62
Revenue Per Share
48.685
Quarterly Revenue Growth
0.132
Return On Assets
0.0244
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.