Melco Resorts and Entertainment (Melco Resorts and Entertainment) Price-to-Tangible-Book : (As of Apr. 25, 2024)

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What is Melco Resorts and Entertainment Price-to-Tangible-Book?

As of today (2024-04-25), Melco Resorts and Entertainment's share price is $6.28. Melco Resorts and Entertainment's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-5.16. Hence, Melco Resorts and Entertainment's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Melco Resorts and Entertainment's Price-to-Tangible-Book or its related term are showing as below:

During the past 13 years, Melco Resorts and Entertainment's highest Price to Tangible Book Ratio was 57.08. The lowest was 2.97. And the median was 6.60.

MLCO's Price-to-Tangible-Book is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 1.91
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Melco Resorts and Entertainment's share price is $6.28. Melco Resorts and Entertainment's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-2.95. Hence, Melco Resorts and Entertainment's P/B Ratio of today is .

Melco Resorts and Entertainment Price-to-Tangible-Book Historical Data

The historical data trend for Melco Resorts and Entertainment's Price-to-Tangible-Book 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.

Melco Resorts and Entertainment Price-to-Tangible-Book Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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8.10

57.08

Melco Resorts and Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Melco Resorts and Entertainment's Price-to-Tangible-Book

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Melco Resorts and Entertainment's Price-to-Tangible-Book Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's Price-to-Tangible-Book falls into.

Melco Resorts and Entertainment Price-to-Tangible-Book Calculation

Melco Resorts and Entertainment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.28	/	-5.162
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Melco Resorts and Entertainment Price-to-Tangible-Book Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.