Melco Resorts and EntertainmentMEX:MLCON 57 Pretax Margin % is 5.71% as of Mar. 2026, which is 651% above its 10-year median of 0.76. GuruFocus rates MEX:MLCON with a GF Score™ of 57/100 and a GF Value™ of MXN216.26 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 845 Travel & Leisure companies, Melco Resorts and Entertainment ranks worse than 58.82% on this metric.
The historical rank and industry rank for Melco Resorts and Entertainment's Pretax Margin % or its related term are showing as below:
MEX:MLCON'
s Pretax Margin % Range Over the Past 10 Years
Min: -84.35 Med: 0.76 Max: 7.02
Current: 3.66
MEX:MLCON's Pretax Margin % is ranked worse than 58.82% of 845
companies
in the Travel & Leisure industry
Industry Median: 6.11
vs MEX:MLCON: 3.66
Melco Resorts and Entertainment (MEX:MLCON) 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.
Melco Resorts and Entertainment Pretax Margin % Related Terms
Melco Resorts and Entertainment 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.
Melco Resorts and Entertainment Pretax Margin % Chart
MEX:MLCON vs MCRI, PENN, VAC: Pretax Margin % Comparison
For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.
Melco Resorts and Entertainment Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Melco Resorts and Entertainment'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.
Melco Resorts and Entertainment (MEX:MLCON) has a Pretax Margin % of 5.71% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Melco Resorts and Entertainment and its competitors. This is 651% above median its historical median of 0.76. According to the industry distribution chart, Melco Resorts and Entertainment ranks #497 out of 845 companies in the Travel & Leisure industry, placing it in the top 58.8%.
Is Melco Resorts and Entertainment's Pretax Margin % too high?
Melco Resorts and Entertainment's current Pretax Margin % of 5.71% is 651% above median its 10-year median of 0.76. The Travel & Leisure industry median Pretax Margin % is 6.11. Melco Resorts and Entertainment's value of 5.71% is 6.5% below this industry median. Based on the distribution chart, Melco Resorts and Entertainment ranks #497 out of 845 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Melco Resorts and Entertainment has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Pretax Margin % compare to MCRI and PENN?
According to the Travel & Leisure industry distribution chart, Melco Resorts and Entertainment ranks #497 out of 845 companies for Pretax Margin %. This places Melco Resorts and Entertainment in the lower half of its industry. The industry median Pretax Margin % is 6.11. Melco Resorts and Entertainment's value of 5.71% is 6.5% below this benchmark. While the company's 10-year median is 0.76 vs. the industry median of 6.11, Melco Resorts and Entertainment 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 6.11, 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. Melco Resorts and Entertainment's current Pretax Margin % of 5.71% is 6.5% 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 Melco Resorts and Entertainment and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco Resorts and Entertainment's current Pretax Margin % is 5.71%, which is 651% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (MEX:MLCON) is currently considered Possible Value Trap. The stock's GF Value™ is MXN216.26, compared to a current price of MXN94.00 — trading 56.5% below its estimated fair value. The current Pretax Margin % is 5.71%, which is 651% above median its 10-year median of 0.76 and 6.5% below the Travel & Leisure industry median of 6.11. Melco Resorts and Entertainment's overall GF Score™ is 57/100 with 4 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 Melco Resorts and Entertainment (MEX:MLCON), the current Pretax Margin % is 5.71% 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 Melco Resorts and Entertainment (MEX:MLCON) Overvalued in 2026?
Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued.
The current stock price of MXN94.00 is trading 56.5% below its estimated GF Value™ of MXN216.26.
GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.
Key valuation signals for MEX:MLCON:
Pretax Margin %: 5.71% (651% above median its 10-year median of 0.76)
GF Value™: MXN216.26 vs. price of MXN94.00 (56.5% below fair value)
Industry Position: 6.5% below the Travel & Leisure median (#497 of 845)
No single metric tells the full story. See the MEX:MLCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melco Resorts and Entertainment Business Description
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
57GF Score
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