MGM Resorts InternationalFRA:MGG +2.48%80 Pretax Margin % is 4.54% as of Mar. 2026, which is 42% below its 10-year median of 7.89. 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 845 Travel & Leisure companies, MGM Resorts International ranks worse than 66.51% on this metric.
The historical rank and industry rank for MGM Resorts International's Pretax Margin % or its related term are showing as below:
FRA:MGG'
s Pretax Margin % Range Over the Past 10 Years
Min: -29.28 Med: 7.89 Max: 22.07
Current: 1.22
FRA:MGG's Pretax Margin % is ranked worse than 66.51% of 845
companies
in the Travel & Leisure industry
Industry Median: 6.2
vs FRA:MGG: 1.22
MGM Resorts International (FRA:MGG) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
MGM Resorts International Pretax Margin % Related Terms
MGM Resorts International Pretax Margin % 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.
FRA:MGG vs WYNN, BYD, CZR: Pretax Margin % Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Pretax Margin % falls into.
* 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 (FRA:MGG) has a Pretax Margin % of 4.54% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on MGM Resorts International and its competitors. This is 42% below median its historical median of 7.89. According to the industry distribution chart, MGM Resorts International ranks #562 out of 845 companies in the Travel & Leisure industry, placing it in the top 66.5%.
Is MGM Resorts International's Pretax Margin % too high?
MGM Resorts International's current Pretax Margin % of 4.54% is 42% below median its 10-year median of 7.89. The Travel & Leisure industry median Pretax Margin % is 6.20. MGM Resorts International's value of 4.54% is 26.8% below this industry median. Based on the distribution chart, MGM Resorts International ranks #562 out of 845 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 Pretax Margin % compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #562 out of 845 companies for Pretax Margin %. This places MGM Resorts International in the lower half of its industry. The industry median Pretax Margin % is 6.20. MGM Resorts International's value of 4.54% is 26.8% below this benchmark. While the company's 10-year median is 7.89 vs. the industry median of 6.20, MGM Resorts International has consistently been below 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 Pretax Margin % for a Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.20, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current Pretax Margin % of 4.54% is 26.8% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current Pretax Margin % is 4.54%, which is 42% below median its own 10-year median of 7.89. 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 Pretax Margin % is 4.54%, which is 42% below median its 10-year median of 7.89 and 26.8% below the Travel & Leisure industry median of 6.20. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current Pretax Margin % is 4.54% as of Mar. 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:
Pretax Margin %: 4.54% (42% below median its 10-year median of 7.89)
GF Value™: €40.64 vs. price of €42.60 (4.8% above fair value)
Industry Position: 26.8% below the Travel & Leisure median (#562 of 845)
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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