MGM Resorts International is Among the Companies in the Casinos & Gaming Industry With the Highest P/E Ratio (MGM, MPEL, WYNN, CHDN, BYD)
Below are the three companies in the Casinos & Gaming industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
MGM Resorts International ranks highest with a a P/E ratio of 42.68. Following is Melco Crown Entertainment with a a P/E ratio of 35.94. Wynn Resorts ranks third highest with a a P/E ratio of 33.40.
Churchill Downs follows with a a P/E ratio of 31.85, and Boyd Gaming rounds out the top five with a a P/E ratio of 19.95.
SmarTrend recommended that subscribers consider buying shares of Wynn Resorts on February 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $65.79. Since that recommendation, shares of Wynn Resorts have risen 54.0%. We continue to monitor Wynn Resorts for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest p/e ratio mgm resorts international melco crown entertainment wynn resorts churchill downs boyd gaming