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MGM Resorts InternationalFRA:MGG -0.22%82 Debt-to-EBITDA is 9.35 as of Jun. 2026, which is 33% above its 10-year median of 7.03. GuruFocus rates FRA:MGG with a GF Score™ of 82/100 and a GF Value™ of €39.91 (Fairly Valued). The stock has 10 warning signs investors should review. Among 650 Travel & Leisure companies, MGM Resorts International ranks worse than 94.77% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for MGM Resorts International's Debt-to-EBITDA or its related term are showing as below:
FRA:MGG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.11 Med: 7.03 Max: 55.61
Current: 18.72
During the past 13 years, the highest Debt-to-EBITDA Ratio of MGM Resorts International was 55.61. The lowest was 3.11. And the median was 7.03.
FRA:MGG's Debt-to-EBITDA is ranked worse than 94.77% of 650
companies
in the Travel & Leisure industry
Industry Median: 2.52
vs FRA:MGG: 18.72
MGM Resorts International (FRA:MGG) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
MGM Resorts International Debt-to-EBITDA Related Terms
MGM Resorts International Debt-to-EBITDA Historical Data
* 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.
FRA:MGG vs WYNN, BYD, CZR: Debt-to-EBITDA Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
MGM Resorts International (FRA:MGG) has a Debt-to-EBITDA of 9.35 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on MGM Resorts International. This is 33% above median its historical median of 7.03. Over the past decade, MGM Resorts International's Debt-to-EBITDA has ranged from 3.11 to 55.61. According to the industry distribution chart, MGM Resorts International ranks #616 out of 650 companies in the Travel & Leisure industry, placing it in the top 94.8%.
Is MGM Resorts International's Debt-to-EBITDA too high?
MGM Resorts International's current Debt-to-EBITDA of 9.35 is 33% above median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 55.61. The Travel & Leisure industry median Debt-to-EBITDA is 2.52. MGM Resorts International's value of 9.35 is 271% above this industry median. Based on the distribution chart, MGM Resorts International ranks #616 out of 650 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, MGM Resorts International has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGM Resorts International's Debt-to-EBITDA compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #616 out of 650 companies for Debt-to-EBITDA. This places MGM Resorts International in the lower half of its industry. The industry median Debt-to-EBITDA is 2.52. MGM Resorts International's value of 9.35 is 271% above this benchmark. Historically, MGM Resorts International's own Debt-to-EBITDA has ranged from 3.11 to 55.61 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 2.52, MGM Resorts International has consistently been above 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 Debt-to-EBITDA for a Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.52, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current Debt-to-EBITDA of 9.35 is 271% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on MGM Resorts International. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current Debt-to-EBITDA is 9.35, which is 33% above median its own 10-year median of 7.03. 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 (FRA:MGG) is currently considered Fairly Valued. The stock's GF Value™ is €39.91, compared to a current price of €40.24 — trading 0.8% above its estimated fair value. The current Debt-to-EBITDA is 9.35, which is 33% above median its 10-year median of 7.03 and 271% above the Travel & Leisure industry median of 2.52. MGM Resorts International's overall GF Score™ is 82/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current Debt-to-EBITDA is 9.35 as of Jun. 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 (FRA:MGG) Overvalued in 2026?
Based on GuruFocus' analysis, MGM Resorts International stock appears to be overvalued.
The current stock price of €40.24 is trading 0.8% above its estimated GF Value™ of €39.91.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for FRA:MGG:
Debt-to-EBITDA: 9.35 (33% above median its 10-year median of 7.03)
GF Value™: €39.91 vs. price of €40.24 (0.8% above fair value)
Industry Position: 271% above the Travel & Leisure median (#616 of 650)
No single metric tells the full story. See the FRA:MGG 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.
82GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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