MGM Resorts International (MGM)

NYSE: MGM · USD

$27.3

-0.68 (-2.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-15

Our latest published analysis: MGM rated Reduce

MGM Resorts International's published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$24.2 / share

Potential value

$27.3 / share

Upside to FV

-16.4%

from $27.3

Moat

6/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$7.3B
Revenue (ttm)	17.8B
Net income (ttm)	423.6M
EPS (ttm)	$1.60
Shares out	251.6M
P/E (trailing)	17.1x
P/E (forward)	17.4x
Volume	7,098,252
Beta	1.35

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 17.8B
Net income (ttm): 423.6M
EPS (ttm): $1.60
P/E (trailing): 17.1x
P/E (forward): 17.4x
Market cap: $7.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$9.68B	$13.13B	$16.16B	$17.24B	$17.54B	+16.0%
Gross profit	$4.65B	$6.47B	$7.61B	$7.85B	$7.79B	+13.8%
Operating income	$2.28B	$1.44B	$1.89B	$1.49B	$1.00B	-18.6%
Net income	$1.25B	$1.47B	$1.14B	$746.6M	$205.9M	-36.4%
EPS (diluted)	$2.41	$3.49	$3.19	$2.40	$0.76	-25.1%
EBITDA	$3.41B	$4.98B	$2.40B	$2.39B	$1.72B	-15.8%
R&D	—	—	—	—	—	—
SG&A	$2.51B	$4.23B	$4.70B	$4.83B	$4.88B	+18.1%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	ホールド
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	ホールド
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	売り
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	売り
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	売り
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	買い

Base and Bull scenarios

Bull25%

Price target

$27.28

-5.8% from spot

Under the Bull scenario, the target reaches $27.28 with an estimated probability of 25.0% and an implied return of -5.8% relative to $28.96 as of $28.96 (as of 2026-10-14). This path reflects an acceleration in high-margin international visitation to Las Vegas, expanding market share in Macau premium mass tables, and operating leverage inflection in European digital operations that fully self-funds expansion in Latin America.

Accelerated international visitation rebound in Las Vegas lifting luxury resort ADR
Expanded table allocation and market share gains in Macau premium mass
Digital gaming achieves positive operating leverage in Europe and accelerates Brazilian expansion

Base50%

Price target

$24.22

-16.4% from spot

Under the Base scenario, the target reaches $24.22 with an estimated probability of 50.0% and an implied return of -16.4% relative to $28.96 as of $28.96 (as of 2026-10-14). This outcome assumes mid-cycle normalization of operating margins, resilient luxury convention banquet demand on the Las Vegas Strip, steady premium mass gaming performance in Macau, and ongoing share repurchases that compound earnings per share.

Mid-cycle operating margin normalization supported by luxury convention ADR and catering revenue
MGM China maintains stable gross gaming revenue share in premium mass without destructive discounting
Disciplined share buybacks continue to reduce diluted share count annually

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($24.22). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	1.8%	2.0%	2.3%	2.5%
9.6%	$25.5	$25.8	$26.1	$26.4	$26.7
10.1%	$24.6	$24.8	$25.1	$25.4	$25.7
10.6%	$23.8	$24.0	$24.2	$24.5	$24.7
11.1%	$23.0	$23.2	$23.4	$23.6	$23.9
11.6%	$22.4	$22.5	$22.7	$22.9	$23.1

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.4

P25 n/aP50 n/aP75 n/a

Trailing P/E18.2

P25 n/aP50 n/aP75 n/a

ROE18.9

P25 n/aP50 n/aP75 n/a

ROIC3.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MGM indicators

Market & fundamental data

Available fields

276

Groups with data

Currency

USD

Showing 276 of 276 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000789570
Company name	MGM Resorts International
Country	United States
Country code	US
CUSIP number	552953101
Earnings date	2026-10-28
Earnings time	amc
Employees	78,000
Employees change	0
Employees growth	0%
Enterprise value	$34.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1986
In index	SP500
Industry	Resorts & Casinos
Is primary listing	Yes
Is SPAC	No
ISIN number	US5529531015
Last 10-K release date	2026-02-11
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split date	2005-05-19
Last stock split type	Forward
Market cap	$6.9B
Market cap category	Mid-Cap
Next earnings date	2027-02-04
Options	Yes
Price	$27.31
Price currency	USD
Sector	Consumer Discretionary
SIC code	7011
Stock price date	2026-10-28
Symbol	MGM
Tags	sports-betting, online-gambling
U.S. state	Nevada
Website	https://www.mgmresorts.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	9.35x
Average P/E ratio (10Y)	246.98x
Average P/E ratio (3Y)	31.8x
Average P/E ratio (5Y)	25.99x
Earnings yield	5.85%
EV/Earnings	80.9x
EV/EBIT	29.75x
EV/EBITDA	15.32x
EV/FCF	22.93x
EV/Sales	1.93x
FCF / EV yield	4.36%
FCF yield	21.75%
Forward EV/Sales	1.96x
Forward P/E	21.49x
Forward P/S	0.39x
Graham number	18.95238
Graham upside	-30.6%
Industry forward P/E	14.88x
Industry P/E	63.71x
Lynch fair value	$8.02
Lynch upside	-70.63%
P/(FCF - SBC) ratio	4.91x
P/(OCF - SBC) ratio	2.9x
P/B ratio	2.8x
P/E ratio	17.09x
P/FCF ratio	4.6x
P/OCF ratio	2.79x
P/S ratio	0.39x
PEG ratio	0.46x
Price/EBITDA ratio	3.07x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	6.49%
EBITDA margin	12.6%
FCF margin	8.41%
Gross margin	44.16%
Operating margin	6.49%
Pretax margin	2.79%
Profit margin	2.4%
Profit per employee	$5,431
Profitable quarters	3
Profitable years	5
Revenue per employee	$227,711
ROA	1.77%
ROA (5Y)	1.03%
ROCE	3.15%
ROE	18.92%
ROE (5Y)	16.31%
ROIC	3.64%
ROIC (5Y)	2.7%
SBC / revenue	0.54%
Tax / revenue	-1%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-13.16%
EPS growth (Q)	519.4%
EPS growth (QoQ)	131.25%
EPS growth 3Y	18.73%
EPS growth quarters	1
EPS growth years	0
FCF growth	15.39%
FCF growth (Q)	-15.9%
FCF growth (QoQ)	-23.16%
FCF growth 3Y	8.1%
Gross profit growth	1.37%
Gross profit growth (Q)	1.01%
Gross profit growth 3Y	3.04%
Gross profit growth 5Y	22.69%
Net income growth	-21.05%
Net income growth (Q)	497.4%
Net income growth (QoQ)	127.59%
Net income growth 3Y	5.02%
Net income growth quarters	1
Net income growth years	0
OCF growth	-2.72%
OCF growth (Q)	-13.48%
OCF growth (QoQ)	-1.58%
OCF growth 10Y	7.71%
OCF growth 3Y	5.38%
Operating income growth	-22.04%
Operating income growth (Q)	-20.25%
Revenue growth	3.19%
Revenue growth (Q)	1.05%
Revenue growth (QoQ)	-0.08%
Revenue growth 10Y	7.58%
Revenue growth 3Y	6.32%
Revenue growth 5Y	23.15%
Revenue growth quarters	5
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-968.5M
Depreciation and amortization	$1.1B
EBIT	$1.2B
EBITDA	$2.2B
EPS	$1.60
FCF per share	$5.94
Financing cash flow	$-1.2B
Free cash flow	$1.5B
Free cash flow minus SBC	$1.4B
Gross profit	$7.8B
Income taxes	$-177.6M
Investing cash flow	$-644.6M
Net borrowing	$-119.8M
Net cash flow	$589.4M
Net income	$423.6M
Operating cash flow minus SBC	$2.4B
Operating income	$1.2B
Revenue	$17.8B
Stock-based compensation	$96.2M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	0.82
Book value per share	$9.99
Debt / EBITDA	6.74
Debt / equity	8.93
Debt / FCF	20.18
Goodwill	$4.8B
Interest coverage	2.82
Long-term assets	$35.4B
Long-term liabilities	$33.2B
Net cash (debt)	$-27.4B
Net cash / market cap	-398.75%
Net debt / EBITDA	12.25
Net debt / equity	8.12
Net debt / FCF	18.33
Piotroski F-Score	7
Property, plant and equipment	$27.8B
Shareholders' equity	$3.4B
Tangible book value	$-3.5B
Tangible book value per share	$-13.96
Total assets	$39.8B
Total cash	$2.8B
Total debt	$30.2B
Total liabilities	$36.5B
WACC	3.04%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.44
Current assets	$4.4B
Current liabilities	$3.3B
Current ratio	1.33
Inventory turnover	79.32
Net working capital	$-1.5B
Quick ratio	1.21
Working capital	$1.1B
Working capital turnover	19.77

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	9.11%
Dividend growth (10Y)	-21.32%
Dividend growth (3Y)	-73.21%
Dividend growth (5Y)	-53.09%
Dividend per share	$0.00
Dividend yield	0%
Last dividend	$0.00
Shareholder yield	9.11%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	5.66%
10Y return CAGR	1.13%
10Y total return	11.85%
150-day SMA	$40.27
15Y price change	134.22%
15Y return CAGR	6.24%
15Y total return	147.94%
1D price change	-2.43%
1M price change	-15.75%
1M total return	-15.75%
1W price change	-5.02%
1W total return	-5.02%
1Y price change	-16.59%
1Y return CAGR	-16.6%
1Y total return	-16.59%
20-day SMA	$29.22
200-day SMA	$39.10
20Y price change	-36.79%
20Y return CAGR	-1.99%
20Y total return	-33.09%
3M price change	-40.71%
3M total return	-40.71%
3Y price change	-19.81%
3Y return CAGR	-7.09%
3Y total return	-19.81%
50-day SMA	$35.36
50-day SMA vs 200-day SMA	50under200
52-week high	$51.59
52-week high date	2026-06-01
52-week low	$27.28
52-week low date	2026-10-28
5Y price change	-41.62%
5Y return CAGR	-10.2%
5Y total return	-41.6%
6M price change	-32.31%
6M total return	-32.31%
All-time high	$100.50
All-time high date	2007-10-10
All-time low	$1.81
All-time low date	2009-03-06
Average true range (ATR)	$1.02
Average volume	4.8M
Beta (1Y)	0.28
Beta (2Y)	1.04
Beta (5Y)	1.35
Change from 52-week high	-47.06%
Change from 52-week low	0.11%
Change from all-time high	-72.69%
Change from all-time low	1,416.57%
Change from open	-4.88%
Day's gap	2.57%
Dollar volume	$193.9M
High price	$28.80
Low price	$27.26
Monthly RSI	39.01
Open price	$28.71
Position in 52-week range	3.25%
Premarket change	0.68%
Premarket close	$27.99
Premarket price	$28.18
Premarket volume	36.5K
Previous close	$27.99
Price vs 150-day SMA	-31.84%
Price vs 20-day SMA	-6.07%
Price vs 200-day SMA	-29.79%
Price vs 50-day SMA	-22.37%
Relative volume	1.48
RSI	24.87
Sharpe ratio	-0.37
Sharpe ratio (3Y)	-0.16
Sharpe ratio (5Y)	-0.17
Sortino ratio	-0.42
Sortino ratio (3Y)	-0.09
Sortino ratio (5Y)	-0.1
Volume	7.1M
Weekly RSI	23.91
YTD price change	-24.77%
YTD total return	-24.77%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	181M
Float percentage	71.95%
Shares change (QoQ)	-0.43%
Shares change (YoY)	-9.11%
Shares held by insiders	1.42%
Shares held by institutions	64.27%
Shares outstanding	251.6M
Short % of float	10.51%
Short % of shares	7.56%
Short ratio	4.3 days

Deeper analysis on MGM

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MGM report

What is the latest published MGM stock rating?

MGM Resorts International is shown with Reduce in the latest published report, analyzed 2026-10-15. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MGM analysis?

The full latest published report, analyzed 2026-10-15, lives at /stocks/MGM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MGM?

The latest published report analyzed 2026-10-15 gives MGM a fair value of USD 24 and a potential value of USD 27. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MGM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-15). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceMGM · Fair value $24.2-16.4%

Read full analysis →

MGM Resorts International (MGM)

Our latest published analysis: MGM rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · MGM

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MGM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MGM

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	3.0
Management	6.5
Balance Sheet	3.5
Profitability	6.0
Revenue Growth	4.5
Risk Assessment	4.0
Competitive Moat	6.0
Earnings Quality	9.0
Capital Efficiency	5.5