MCHVF (MGM China Holdings) EBIT: $819 Mil (TTM As of Dec. 2025)


MCHVF MGM China Holdings Ltd MCHVF
79 GF Score
Price $1.28
GF Value $2.25
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is MGM China Holdings EBIT?

MGM China Holdings MCHVF -14.67% 79 EBIT is $819 Mil as of Dec. 2025. GuruFocus rates MCHVF with a GF Score™ of 79/100 and a GF Value™ of $2.25 (Significantly Undervalued). The stock has 3 warning signs investors should review.

MGM China Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $435 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $819 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MGM China Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 22.55%. MGM China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MGM China Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.32%.


MGM China Holdings  (OTCPK:MCHVF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MGM China Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=863.598 * ( 1 - 1.27% )/( (3795.608 + 3765.074)/ 2 )
=852.6303054/3780.341
=22.55 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3932.325 - 714.745 - ( 703.097 - max(0, 1466.936 - 888.908+703.097))
=3795.608

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3813.698 - 744.482 - ( 565.059 - max(0, 1497.778 - 801.92+565.059))
=3765.074

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

MGM China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=869.152/( ( (2723.144 + max(-556.717, 0)) + (2698.291 + max(-531.76, 0)) )/ 2 )
=869.152/( ( 2723.144 + 2698.291 )/ 2 )
=869.152/2710.7175
=32.06 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(129.891 + 28.137 + 0) - (714.745 + 0 + -2.2737367544323E-13)
=-556.717

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(181.848 + 30.875 + -0.00099999999997635) - (744.482 + 0 + 0)
=-531.76

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

MGM China Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=819.222/6646.979
=12.32 %

* 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 China Holdings EBIT Related Terms


MGM China Holdings EBIT Historical Data

* Premium members only.

The historical data trend for MGM China Holdings's EBIT 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 China Holdings EBIT Chart

MGM China Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -327.95 -473.22 564.86 780.60 822.57

MGM China Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 353.08 429.33 349.26 384.65 434.58

MCHVF vs LVS, MGM, WYNN: EBIT Comparison

For the Resorts & Casinos subindustry, MGM China Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 China Holdings EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM China Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MGM China Holdings's EV-to-EBIT falls into.


MCHVF
79GF Score
MGM China Holdings Ltd MCHVF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MGM China Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $819 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $819 Mil mean?
MGM China Holdings (MCHVF) has a EBIT of $819 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MGM China Holdings.
Is MGM China Holdings' EBIT too high?
MGM China Holdings' current EBIT is $819 Mil. Overall, MGM China Holdings has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGM China Holdings' EBIT compare to LVS and MGM?
MGM China Holdings' EBIT of $819 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Travel & Leisure company?
A good EBIT depends on the Travel & Leisure industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MGM China Holdings. MGM China Holdings's current EBIT is $819 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM China Holdings stock overvalued right now?
Based on GuruFocus' analysis, MGM China Holdings (MCHVF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.25, compared to a current price of $1.28 — trading 43.1% below its estimated fair value. The current EBIT is $819 Mil. MGM China Holdings' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For MGM China Holdings (MCHVF), the current EBIT is $819 Mil as of Dec. 2025. 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 China Holdings (MCHVF) Overvalued in 2026?

Based on GuruFocus' analysis, MGM China Holdings stock appears to be undervalued. The current stock price of $1.28 is trading 43.1% below its estimated GF Value™ of $2.25. GuruFocus considers MGM China Holdings to be Significantly Undervalued.

Key valuation signals for MCHVF:

  • EBIT: $819 Mil
  • GF Value™: $2.25 vs. price of $1.28 (43.1% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the MCHVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MGM China Holdings Business Description

Address Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.
79GF Score

Get the complete analysis for MCHVF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.28
Price
$2.25
GF Value