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MGM Resorts InternationalFRA:MGG +0.42%82 Debt-to-Equity is 11.87 as of Jun. 2026, which is 239% above its 10-year median of 3.50. GuruFocus rates FRA:MGG with a GF Score™ of 82/100 and a GF Value™ of €39.64 (Fairly Valued). The stock has 8 warning signs investors should review. Among 723 Travel & Leisure companies, MGM Resorts International ranks worse than 97.93% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for MGM Resorts International's Debt-to-Equity or its related term are showing as below:
FRA:MGG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.7 Med: 3.5 Max: 12.91
Current: 11.87
During the past 13 years, the highest Debt-to-Equity Ratio of MGM Resorts International was 12.91. The lowest was 1.70. And the median was 3.50.
FRA:MGG's Debt-to-Equity is ranked worse than 97.93% of 723
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs FRA:MGG: 11.87
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
MGM Resorts International Debt-to-Equity Related Terms
MGM Resorts International Debt-to-Equity 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-Equity Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Debt-to-Equity 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.
MGM Resorts International (FRA:MGG) has a Debt-to-Equity of 11.87 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MGM Resorts International and its competitors. This is 239% above median its historical median of 3.50. Over the past decade, MGM Resorts International's Debt-to-Equity has ranged from 1.70 to 12.91. According to the industry distribution chart, MGM Resorts International ranks #708 out of 723 companies in the Travel & Leisure industry, placing it in the top 97.9%.
Is MGM Resorts International's Debt-to-Equity too high?
MGM Resorts International's current Debt-to-Equity of 11.87 is 239% above median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 12.91. The Travel & Leisure industry median Debt-to-Equity is 0.43. MGM Resorts International's value of 11.87 is 2660.5% above this industry median. Based on the distribution chart, MGM Resorts International ranks #708 out of 723 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-Equity compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #708 out of 723 companies for Debt-to-Equity. This places MGM Resorts International in the lower half of its industry. The industry median Debt-to-Equity is 0.43. MGM Resorts International's value of 11.87 is 2660.5% above this benchmark. Historically, MGM Resorts International's own Debt-to-Equity has ranged from 1.70 to 12.91 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 0.43, 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-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 723 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current Debt-to-Equity of 11.87 is 2660.5% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current Debt-to-Equity is 11.87, which is 239% above median its own 10-year median of 3.50. 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 €39.64, compared to a current price of €38.60 — trading 2.6% below its estimated fair value. The current Debt-to-Equity is 11.87, which is 239% above median its 10-year median of 3.50 and 2660.5% above the Travel & Leisure industry median of 0.43. MGM Resorts International's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current Debt-to-Equity is 11.87 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 undervalued.
The current stock price of €38.60 is trading 2.6% below its estimated GF Value™ of €39.64.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for FRA:MGG:
Debt-to-Equity: 11.87 (239% above median its 10-year median of 3.50)
GF Value™: €39.64 vs. price of €38.60 (2.6% below fair value)
Industry Position: 2660.5% above the Travel & Leisure median (#708 of 723)
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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