MCHVF (MGM China Holdings) Total Operating Expense: $803 Mil (TTM As of Dec. 2025)


MCHVF MGM China Holdings Ltd MCHVF
79 GF Score
Price $1.28
GF Value $2.47
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MGM China Holdings Total Operating Expense?

MGM China Holdings MCHVF -14.67% 79 Total Operating Expense is $803 Mil as of Dec. 2025. GuruFocus rates MCHVF with a GF Score™ of 79/100 and a GF Value™ of $2.47 (Significantly Undervalued). The stock has 3 warning signs investors should review.

MGM China Holdings's Total Operating Expense for the six months ended in Dec. 2025 was $439 Mil. MGM China Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was $803 Mil.

MGM China Holdings Total Operating Expense Related Terms

MGM China Holdings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for MGM China Holdings's Total Operating Expense 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 China Holdings Total Operating Expense Chart

MGM China Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 500.83 426.84 603.71 727.72 805.93

MGM China Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 338.13 345.29 380.80 364.07 438.69
MCHVF
79GF Score
MGM China Holdings Ltd MCHVF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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MGM China Holdings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $803 Mil.

* 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 Total Operating Expense of $803 Mil mean?
MGM China Holdings (MCHVF) has a Total Operating Expense of $803 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on MGM China Holdings and its competitors.
Is MGM China Holdings' Total Operating Expense too high?
MGM China Holdings' current Total Operating Expense is $803 Mil. Overall, MGM China Holdings has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGM China Holdings' Total Operating Expense compare to LVS and MGM?
MGM China Holdings' Total Operating Expense of $803 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on MGM China Holdings and its competitors. MGM China Holdings's current Total Operating Expense is $803 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM China Holdings stock overvalued right now?
Based on GuruFocus' analysis, MGM China Holdings (MCHVF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.47, compared to a current price of $1.28 — trading 48.2% below its estimated fair value. The current Total Operating Expense is $803 Mil. MGM China Holdings' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For MGM China Holdings (MCHVF), the current Total Operating Expense is $803 Mil as of Dec. 2025. 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 China Holdings (MCHVF) Overvalued in 2026?

Based on GuruFocus' analysis, MGM China Holdings stock appears to be undervalued. The current stock price of $1.28 is trading 48.2% below its estimated GF Value™ of $2.47. GuruFocus considers MGM China Holdings to be Significantly Undervalued.

Key valuation signals for MCHVF:

  • Total Operating Expense: $803 Mil
  • GF Value™: $2.47 vs. price of $1.28 (48.2% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the MCHVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGM China Holdings Business Description

Address Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.
79GF Score

Get the complete analysis for MCHVF

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.28
Price
$2.47
GF Value