MGM Resorts International (MGM)

Hotels & Motels

Latest Price

$31.05

TTM P/E

18.70

Normalized P/E

12.69

Div Yield

Book Value

9.83

P/B Ratio

3.16

Valuation metrics

EPS: $0.76

Book value / share: $9.41

Formula: √(22.5 × EPS × BVPS)

Graham Number

$12.68

59% downside

Norm. op. income: $1.5B (median of 7yr)

Tax rate: 17%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$31.56

+2% upside

Base FCF: $1.2B (median of recent 5yr)

Growth: 16%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$170.40

+449% upside

EPS: $0.76

Target P/E: 13×

Formula: EPS × P/E

P/E Fair Value

$9.88

68% downside

68.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Davis Selected Advisers	23.90M	$1.14B	9.50%	-392.0K	2026-06-30
BlackRock, Inc.	12.64M	$604.0M	5.02%	-270.0K	2026-06-30
Vanguard Capital Management LLC	12.16M	$581.0M	4.83%	+71.0K	2026-06-30
Starlite Capital Inc	9.33M	$451.0M	3.71%	--	2026-06-30
Vanguard Portfolio Management LLC	8.27M	$395.0M	3.29%	-30.5K	2026-06-30
State Street Corp	7.05M	$336.0M	2.80%	+56.1K	2026-06-30
Invesco Ltd.	5.37M	$256.0M	2.14%	-1.29M	2026-06-30
Geode Capital Management, LLC	5.04M	$240.0M	2.01%	-41.9K	2026-06-30
Morgan Stanley	4.74M	$226.0M	1.89%	-190.8K	2026-06-30
Point72 Asset Management, L.P.	3.94M	$188.0M	1.56%	-1.33M	2026-06-30