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MGM Resorts InternationalMGM -1.64%80 EV-to-FCF is 26.85 as of Jul. 17, 2026, which is 13% below its 10-year median of 30.77. GuruFocus rates MGM with a GF Score™ of 80/100 and a GF Value™ of $47.08 (Fairly Valued). The stock has 10 warning signs investors should review. Among 569 Travel & Leisure companies, MGM Resorts International ranks worse than 69.07% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, MGM Resorts International's Enterprise Value is $41,745 Mil.
MGM Resorts International's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,555 Mil. Therefore, MGM Resorts International's EV-to-FCF for today is 26.85.
The historical rank and industry rank for MGM Resorts International's EV-to-FCF or its related term are showing as below:
MGM'
s EV-to-FCF Range Over the Past 10 Years
Min: -473.89 Med: 30.77 Max: 211.14
Current: 26.85
During the past 13 years, the highest EV-to-FCF of MGM Resorts International was 211.14. The lowest was -473.89. And the median was 30.77.
MGM's EV-to-FCF is ranked worse than 69.07% of 569
companies
in the Travel & Leisure industry
Industry Median: 15.74
vs MGM: 26.85
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MGM Resorts International (NYSE:MGM) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MGM Resorts International's PE Ratio (TTM) for today is calculated as:
MGM Resorts International's share price for today is $46.13.
MGM Resorts International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.720.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MGM Resorts International EV-to-FCF Related Terms
MGM Resorts International EV-to-FCF 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.
For the Resorts & Casinos subindustry, MGM Resorts International's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's EV-to-FCF falls into.
MGM Resorts International's current Enterprise Value is $41,745 Mil.
MGM Resorts International's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,555 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.
MGM Resorts International (MGM) has a EV-to-FCF of 26.85 as of Jul. 17, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MGM Resorts International and its competitors. This is 13% below median its historical median of 30.77. According to the industry distribution chart, MGM Resorts International ranks #393 out of 569 companies in the Travel & Leisure industry, placing it in the top 69.1%.
Is MGM Resorts International's EV-to-FCF too high?
MGM Resorts International's current EV-to-FCF of 26.85 is 13% below median its 10-year median of 30.77. The Travel & Leisure industry median EV-to-FCF is 15.74. MGM Resorts International's value of 26.85 is 70.6% above this industry median. Based on the distribution chart, MGM Resorts International ranks #393 out of 569 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, MGM Resorts International has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGM Resorts International's EV-to-FCF compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #393 out of 569 companies for EV-to-FCF. This places MGM Resorts International in the lower half of its industry. The industry median EV-to-FCF is 15.74. MGM Resorts International's value of 26.85 is 70.6% above this benchmark. While the company's 10-year median is 30.77 vs. the industry median of 15.74, 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 EV-to-FCF for a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.74, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current EV-to-FCF of 26.85 is 70.6% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current EV-to-FCF is 26.85, which is 13% below median its own 10-year median of 30.77. 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 (MGM) is currently considered Fairly Valued. The stock's GF Value™ is $47.08, compared to a current price of $46.13 — trading 2% below its estimated fair value. The current EV-to-FCF is 26.85, which is 13% below median its 10-year median of 30.77 and 70.6% above the Travel & Leisure industry median of 15.74. MGM Resorts International's overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MGM Resorts International (MGM), the current EV-to-FCF is 26.85 as of Jul. 17, 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 (MGM) Overvalued in 2026?
Based on GuruFocus' analysis, MGM Resorts International stock appears to be undervalued.
The current stock price of $46.13 is trading 2% below its estimated GF Value™ of $47.08.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for MGM:
EV-to-FCF: 26.85 (13% below median its 10-year median of 30.77)
GF Value™: $47.08 vs. price of $46.13 (2% below fair value)
Industry Position: 70.6% above the Travel & Leisure median (#393 of 569)
No single metric tells the full story. See the MGM 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.
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