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MGM Resorts InternationalFRA:MGG +3.41%81 ROC (Joel Greenblatt) % is 4.18% as of Mar. 2026, which is 38% below its 10-year median of 6.74. GuruFocus rates FRA:MGG with a GF Score™ of 81/100 and a GF Value™ of €39.82 (Fairly Valued). The stock has 10 warning signs investors should review. Among 847 Travel & Leisure companies, MGM Resorts International ranks worse than 70.13% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. MGM Resorts International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.18%.
The historical rank and industry rank for MGM Resorts International's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MGG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.66 Med: 6.74 Max: 17.02
Current: 2.14
During the past 13 years, MGM Resorts International's highest ROC (Joel Greenblatt) % was 17.02%. The lowest was -3.66%. And the median was 6.74%.
FRA:MGG's ROC (Joel Greenblatt) % is ranked worse than 70.13% of 847
companies
in the Travel & Leisure industry
Industry Median: 10
vs FRA:MGG: 2.14
MGM Resorts International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
MGM Resorts International (FRA:MGG) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
MGM Resorts International ROC (Joel Greenblatt) % Related Terms
MGM Resorts International ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MGM Resorts International's ROC (Joel Greenblatt) % can be seen below:
* 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 ROC (Joel Greenblatt) % Chart
FRA:MGG vs WYNN, BYD, CZR: ROC (Joel Greenblatt) % Comparison
For the Resorts & Casinos subindustry, MGM Resorts International's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's ROC (Joel Greenblatt) % falls into.
MGM Resorts International ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 4.18% mean?
MGM Resorts International (FRA:MGG) has a ROC (Joel Greenblatt) % of 4.18% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on MGM Resorts International and its competitors. This is 38% below median its historical median of 6.74. According to the industry distribution chart, MGM Resorts International ranks #594 out of 847 companies in the Travel & Leisure industry, placing it in the top 70.1%.
Is MGM Resorts International's ROC (Joel Greenblatt) % too high?
MGM Resorts International's current ROC (Joel Greenblatt) % of 4.18% is 38% below median its 10-year median of 6.74. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.00. MGM Resorts International's value of 4.18% is 58.2% below this industry median. Based on the distribution chart, MGM Resorts International ranks #594 out of 847 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, MGM Resorts International has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGM Resorts International's ROC (Joel Greenblatt) % compare to WYNN and BYD?
According to the Travel & Leisure industry distribution chart, MGM Resorts International ranks #594 out of 847 companies for ROC (Joel Greenblatt) %. This places MGM Resorts International in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.00. MGM Resorts International's value of 4.18% is 58.2% below this benchmark. While the company's 10-year median is 6.74 vs. the industry median of 10.00, 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 ROC (Joel Greenblatt) % for a Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.00, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGM Resorts International's current ROC (Joel Greenblatt) % of 4.18% is 58.2% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on MGM Resorts International and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM Resorts International's current ROC (Joel Greenblatt) % is 4.18%, which is 38% below median its own 10-year median of 6.74. 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 €39.82, compared to a current price of €41.82 — trading 5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.18%, which is 38% below median its 10-year median of 6.74 and 58.2% below the Travel & Leisure industry median of 10.00. MGM Resorts International's overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current ROC (Joel Greenblatt) % is 4.18% 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 €41.82 is trading 5% above its estimated GF Value™ of €39.82.
GuruFocus considers MGM Resorts International to be Fairly Valued.
Key valuation signals for FRA:MGG:
ROC (Joel Greenblatt) %: 4.18% (38% below median its 10-year median of 6.74)
GF Value™: €39.82 vs. price of €41.82 (5% above fair value)
Industry Position: 58.2% below the Travel & Leisure median (#594 of 847)
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.
81GF Score
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