This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. MGM Resorts International's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $45.213. MGM Resorts International's 10-Year median PS Ratio is 1.3288. Therefore, the Median PS Value for today is $60.08.
As of today (2024-04-23), MGM Resorts International's share price is $42.43. MGM Resorts International's Median PS Value is $60.08. Therefore, MGM Resorts International's Price to Median PS Value for today is 0.71.
The historical rank and industry rank for MGM Resorts International's Median PS Value or its related term are showing as below:
MGM'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.7 Med: 1.27 Max: 2.51
Current: 0.71
During the past 13 years, the highest Price to Median PS Value of MGM Resorts International was 2.51. The lowest was 0.70. And the median was 1.27.
MGM's Price-to-Median-PS-Value is ranked better than 66.19% of 488
companies
in the Travel & Leisure industry
Industry Median: 0.87
vs MGM: 0.71
MGM Resorts International Median PS Value Historical Data
The historical data trend for MGM Resorts International's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
MGM Resorts International Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Median PS Value
28.64
12.54
25.60
42.45
60.08
MGM Resorts International Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Median PS Value
42.45
47.77
51.85
55.34
60.08
Competitive Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGM Resorts International Price-to-Median-PS-Value Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Price-to-Median-PS-Value falls into.
MGM Resorts International Median PS Value Calculation
MGM Resorts International's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.3288.
MGM Resorts International's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $45.213.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGM Resorts International (NYSE:MGM) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
MGM Resorts International's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
42.43
/
60.08
=
0.71
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGM Resorts International Median PS Value Related Terms
Thank you for viewing the detailed overview of MGM Resorts International's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
MGM Resorts International (MGM Resorts International) Business Description
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
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