What is MGM Resorts International Earnings Yield (Joel Greenblatt) %?
MGM Resorts International's Enterprise Value for the quarter that ended in Dec. 2024 was $40,091 Mil.
MGM Resorts International's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was $1,560 Mil. MGM Resorts International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 3.89%.
The historical rank and industry rank for MGM Resorts International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MGM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.44 Med: 4.19 Max: 18.02
Current: 4.08
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MGM Resorts International was 18.02%. The lowest was -5.44%. And the median was 4.19%.
MGM's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.72% of 845
companies
in the Travel & Leisure industry
Industry Median: 4.46
vs MGM: 4.08
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. MGM Resorts International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
MGM Resorts International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MGM Resorts International's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Resorts & Casinos subindustry, MGM Resorts International's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Earnings Yield (Joel Greenblatt) % falls into.
MGM Resorts International Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
MGM Resorts Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
MGM Resorts International's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,560 Mil.
MGM Resorts International (NYSE:MGM) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
MGM Resorts International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MGM Resorts International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). 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 new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
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