MGM Resorts International (MGM) Valuation — DCF, Graham & Comparables

MGM Resorts International (MGM) — Price $28.90 (closing price, October 20, 2026) — Consumer Cyclical — Gambling, Resorts & Casinos — NYSE

Latest reported results:

Valuation dashboard for MGM Resorts International (MGM) with P/E 17.52, P/B 2.92, EV/EBITDA 17.31 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.

MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more.

Analysis Summary

MGM Resorts International reported revenue of $17.54B in the most recent fiscal year, growing at a 5-year CAGR of 29.0%.

Trailing-twelve-month margins: gross margin 44.2%, operating margin 5.7%, net margin 2.4%.

At $28.90 (closing price, October 20, 2026), MGM trades at a P/E of 17.52 and an ROE of 16.96%. Market capitalisation stands at $7.3B.

Balance sheet quality for MGM: current ratio of 1.2. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio17.52
Price / Book2.92
EV / EBITDA17.31
Dividend Yield0.00%

Valuation Models

DCF Fair Value$107.59
vs Current Price+272.3%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
MGMMGM Resorts International$7.3B17.522.9217.0%
WYNNWynn Resorts, Limited$8.0B18.57-174.9%
CZRCaesars Entertainment, Inc.$5.9B1.71-13.2%
RRRRed Rock Resorts, Inc.$3.0B17.7716.8191.1%
PENNPENN Entertainment, Inc.$2.0B1.07-48.5%
MCRIMonarch Casino & Resort, Inc.$2.0B18.313.4820.6%
LVSLas Vegas Sands Corp.$24.7B14.8543.43142.0%
BYDBoyd Gaming Corporation$5.2B3.152.1470.5%

Price

Price$28.90 (closing price, October 20, 2026)
Market Cap$7.3B
ExchangeNYSE
CountryUS

Profitability

Return on Equity16.96%
Return on Invested Capital2.70%
Return on Assets1.07%
Gross Margin44.16%
Operating Margin5.73%
Net Margin2.40%

Related companies: WYNN · CZR · RRR · PENN · MCRI · LVS · BYD

Explore sector: Consumer Cyclical · Gambling, Resorts & Casinos

More sections of MGM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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