MGMCAUTIOUS

MGM EV/EBITDA Analysis

17.6x

Updated 561h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company’s enterprise value — its market cap plus debt minus cash — to its operating earnings, so 17.6x means investors pay $17.60 for each dollar of MGM’s EBITDA.

Sector Performance

66th percentile

MGM

17.6x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

18.4x(Jul 2026)

↑ Improving

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Deep Analysis

EV/EBITDA compares a company’s enterprise value — its market cap plus debt minus cash — to its operating earnings, so 17.6x means investors pay $17.60 for each dollar of MGM’s EBITDA.

This is above the sector median of 13.6x, placing MGM in the 66th percentile among sector peers, meaning its valuation is higher than most. The metric is decreasing: it fell 4.1% quarter-over-quarter from 18.4x to 17.6x, with prior values of 18.4x and 18.5x, while the year-over-year change is not available. A high but declining multiple suggests MGM’s valuation is gradually becoming less expensive, yet it still carries a premium to peers. That combination implies moderate investment risk: the falling trend offers some room for improvement, but the elevated level leaves little margin if earnings disappoint. This metric supports the CAUTIOUS verdict because the valuation remains above the sector median and the downward path signals cooling investor sentiment.

Frequently Asked Questions

What does the EV/EBITDA tell investors about MGM?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are MGM's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.