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MGM Resorts InternationalLTS:0JWC -0.21%78 Cyclically Adjusted PS Ratio is 1.20 as of Jul. 31, 2026, which is 19% below its 10-year median of 1.48. GuruFocus rates LTS:0JWC with a GF Score™ of 78/100 and a GF Value™ of $46.38 (Fairly Valued). The stock has 9 warning signs investors should review. Among 670 Travel & Leisure companies, MGM Resorts International ranks better than 53.13% on this metric.
The historical rank and industry rank for MGM Resorts International's Cyclically Adjusted PS Ratio or its related term are showing as below:
LTS:0JWC'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46 Med: 1.48 Max: 2.44
Current: 1.2
During the past years, MGM Resorts International's highest Cyclically Adjusted PS Ratio was 2.44. The lowest was 0.46. And the median was 1.48.
LTS:0JWC's Cyclically Adjusted PS Ratio is ranked better than 53.13% of 670
companies
in the Travel & Leisure industry
Industry Median: 1.295
vs LTS:0JWC: 1.20
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
MGM Resorts International's adjusted revenue per share data for the three months ended in Jun. 2026 was $17.268. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $38.10 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
MGM Resorts International (LTS:0JWC) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
MGM Resorts International Cyclically Adjusted PS Ratio Related Terms
MGM Resorts International Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for MGM Resorts International's Cyclically Adjusted PS Ratio 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.
MGM Resorts International Cyclically Adjusted PS Ratio Chart
LTS:0JWC vs WYNN, BYD, CZR: Cyclically Adjusted PS Ratio Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Cyclically Adjusted PS Ratio falls into.
MGM Resorts International Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 1.20 mean?
MGM Resorts International (LTS:0JWC) has a Cyclically Adjusted PS Ratio of 1.20 as of Jul. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on MGM Resorts International and its competitors. This is 19% below median its historical median of 1.48. Over the past decade, MGM Resorts International's Cyclically Adjusted PS Ratio has ranged from 0.46 to 2.44. According to the industry distribution chart, MGM Resorts International ranks #314 out of 670 companies in the Travel & Leisure industry, placing it in the top 46.9%.
Is MGM Resorts International's Cyclically Adjusted PS Ratio too high?
MGM Resorts International's current Cyclically Adjusted PS Ratio of 1.20 is 19% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.44. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. MGM Resorts International's value of 1.20 is 7.3% below this industry median. Based on the distribution chart, MGM Resorts International ranks #314 out of 670 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, MGM Resorts International has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGM Resorts International's Cyclically Adjusted PS Ratio compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #314 out of 670 companies for Cyclically Adjusted PS Ratio. This puts MGM Resorts International in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. MGM Resorts International's value of 1.20 is 7.3% below this benchmark. Historically, MGM Resorts International's own Cyclically Adjusted PS Ratio has ranged from 0.46 to 2.44 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.30, MGM Resorts International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current Cyclically Adjusted PS Ratio of 1.20 is 7.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current Cyclically Adjusted PS Ratio is 1.20, which is 19% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM Resorts International stock overvalued right now?
Based on GuruFocus' analysis, MGM Resorts International (LTS:0JWC) is currently considered Fairly Valued. The stock's GF Value™ is $46.38, compared to a current price of $45.91 — trading 1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.20, which is 19% below median its 10-year median of 1.48 and 7.3% below the Travel & Leisure industry median of 1.30. MGM Resorts International's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For MGM Resorts International (LTS:0JWC), the current Cyclically Adjusted PS Ratio is 1.20 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MGM Resorts International (LTS:0JWC) Overvalued in 2026?
Based on GuruFocus' analysis, MGM Resorts International stock appears to be undervalued.
The current stock price of $45.91 is trading 1% below its estimated GF Value™ of $46.38.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for LTS:0JWC:
Cyclically Adjusted PS Ratio: 1.20 (19% below median its 10-year median of 1.48)
GF Value™: $46.38 vs. price of $45.91 (1% below fair value)
Industry Position: 7.3% below the Travel & Leisure median (#314 of 670)
No single metric tells the full story. See the LTS:0JWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 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 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
78GF Score
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