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MGM Resorts International (FRA:MGG) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
MGM Resorts International Forward PE Ratio Related Terms
MGM Resorts International Forward PE Ratio 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.
MGM Resorts International Forward PE Ratio Chart
MGM Resorts International Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
36.36
22.22
21.74
16.81
23.47
129.87
45.87
26.04
15.39
16.01
MGM Resorts International Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
36.36
19.96
35.34
24.94
22.22
22.12
26.88
18.98
21.74
25.25
21.88
19.46
16.81
18.25
23.04
16.75
23.47
14.56
147.06
129.87
73.53
49.26
24.63
45.87
76.92
39.68
25.19
26.04
24.33
15.87
12.82
15.39
13.22
15.00
13.27
16.01
19.49
FRA:MGG vs WYNN, BYD, CZR: Forward PE Ratio Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Forward PE Ratio falls into.
MGM Resorts International Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
MGM Resorts International (FRA:MGG) has a Forward PE Ratio of 24.61 as of Jul. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MGM Resorts International and its competitors. According to the industry distribution chart, MGM Resorts International ranks #266 out of 349 companies in the Travel & Leisure industry, placing it in the top 76.2%.
Is MGM Resorts International's Forward PE Ratio too high?
MGM Resorts International's current Forward PE Ratio is 24.61. The Travel & Leisure industry median Forward PE Ratio is 14.73. MGM Resorts International's value of 24.61 is 67.1% above this industry median. Based on the distribution chart, MGM Resorts International ranks #266 out of 349 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 Forward PE Ratio compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #266 out of 349 companies for Forward PE Ratio. This places MGM Resorts International in the lower half of its industry. The industry median Forward PE Ratio is 14.73. MGM Resorts International's value of 24.61 is 67.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Travel & Leisure company?
The median Forward PE Ratio among Travel & Leisure companies is 14.73, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current Forward PE Ratio of 24.61 is 67.1% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median Forward PE Ratio is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current Forward PE Ratio is 24.61. 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 €41.82, compared to a current price of €40.53 — trading 3.1% below its estimated fair value. The current Forward PE Ratio is 24.61 and 67.1% above the Travel & Leisure industry median of 14.73. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current Forward PE Ratio is 24.61 as of Jul. 22, 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 €40.53 is trading 3.1% below its estimated GF Value™ of €41.82.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for FRA:MGG:
Forward PE Ratio: 24.61
GF Value™: €41.82 vs. price of €40.53 (3.1% below fair value)
Industry Position: 67.1% above the Travel & Leisure median (#266 of 349)
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
Get the complete analysis for FRA:MGG
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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