MGM Resorts InternationalFRA:MGG +2.48%80 PB Ratio is 5.18 as of Jun. 27, 2026, which is 80% above its 10-year median of 2.88. GuruFocus rates FRA:MGG with a GF Score™ of 80/100 and a GF Value™ of €40.64 (Fairly Valued). The stock has 10 warning signs investors should review. Among 795 Travel & Leisure companies, MGM Resorts International ranks worse than 87.04% on this metric.
MGM Resorts International stock PB Ratio (=5.17) is close to 10-year high of 5.17.
The historical rank and industry rank for MGM Resorts International's PB Ratio or its related term are showing as below:
FRA:MGG'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 2.88 Max: 5.17
Current: 5.17
During the past 13 years, MGM Resorts International's highest PB Ratio was 5.17. The lowest was 0.59. And the median was 2.88.
FRA:MGG's PB Ratio is ranked worse than 87.04% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.48
vs FRA:MGG: 5.17
During the past 12 months, MGM Resorts International's average Book Value Per Share Growth Rate was -6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -7.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MGM Resorts International was 27.80% per year. The lowest was -33.20% per year. And the median was 3.60% per year.
Back to Basics: PB Ratio
MGM Resorts International (FRA:MGG) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
MGM Resorts International PB Ratio Related Terms
MGM Resorts International PB 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.
For the Resorts & Casinos subindustry, MGM Resorts International's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's PB Ratio distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
MGM Resorts International (FRA:MGG) has a PB Ratio of 5.18 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MGM Resorts International and its competitors. This is 80% above median its historical median of 2.88. Over the past decade, MGM Resorts International's PB Ratio has ranged from 0.59 to 5.17. According to the industry distribution chart, MGM Resorts International ranks #692 out of 795 companies in the Travel & Leisure industry, placing it in the top 87%.
Is MGM Resorts International's PB Ratio too high?
MGM Resorts International's current PB Ratio of 5.18 is 80% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 5.17. The Travel & Leisure industry median PB Ratio is 1.48. MGM Resorts International's value of 5.18 is 250% above this industry median. Based on the distribution chart, MGM Resorts International ranks #692 out of 795 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #692 out of 795 companies for PB Ratio. This places MGM Resorts International in the lower half of its industry. The industry median PB Ratio is 1.48. MGM Resorts International's value of 5.18 is 250% above this benchmark. Historically, MGM Resorts International's own PB Ratio has ranged from 0.59 to 5.17 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 1.48, 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.48, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current PB Ratio of 5.18 is 250% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current PB Ratio is 5.18, which is 80% above median its own 10-year median of 2.88. 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 €40.64, compared to a current price of €42.60 — trading 4.8% above its estimated fair value. The current PB Ratio is 5.18, which is 80% above median its 10-year median of 2.88 and 250% above the Travel & Leisure industry median of 1.48. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current PB Ratio is 5.18 as of Jun. 27, 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 overvalued.
The current stock price of €42.60 is trading 4.8% above its estimated GF Value™ of €40.64.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for FRA:MGG:
PB Ratio: 5.18 (80% above median its 10-year median of 2.88)
GF Value™: €40.64 vs. price of €42.60 (4.8% above fair value)
Industry Position: 250% above the Travel & Leisure median (#692 of 795)
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.
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