Start with its own history
At 38.91×, MTN is 8.5% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · MTNGambling, Resorts & CasinosUpdated Nov 5, 2026
Vail Resorts, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
38.91×
8.5% belowthe 10-year annual average
Share price161.08
÷Earnings per share4.14
Price and EPS in quote currency. Calculation details
Investors are paying 38.91 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 42.54×
3-year average28.68×3 positive annual observations
5-year average29.78×5 positive annual observations
10-year average42.54×10 positive annual observations
Peer median · TTM19.45×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jul 31, 2026 | 36.17× | +81.5% |
| Jul 31, 2025 | 19.93× | -33.4% |
| Jul 31, 2024 | 29.94× | -14.8% |
| Jul 31, 2023 | 35.15× | +26.7% |
| Jul 31, 2022 | 27.74× | -71.2% |
| Jul 31, 2021 | 96.28× | +22.8% |
| Jul 31, 2020 | 78.38× | +137.2% |
| Jul 31, 2019 | 33.05× | +12.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jul 31, 2018 | 29.45× | -25.1% |
| Jul 31, 2017 | 39.32× | +13.4% |
| Jul 31, 2016 | 34.67× | -0.1% |
| Jul 31, 2015 | 34.71× | -63.7% |
| Jul 31, 2014 | 95.57× | +49.8% |
| Jul 31, 2013 | 63.79× | -40.9% |
| Jul 31, 2012 | 107.91× | +128.9% |
| Jul 31, 2011 | 47.14× | +4.5% |
| Jul 31, 2010 | 45.10× | +111.2% |
| Jul 31, 2009 | 21.35× | +41.2% |
| Jul 31, 2008 | 15.12× | -55.4% |
| Jul 31, 2007 | 33.89× | +18.6% |
| Jul 31, 2006 | 28.57× | -35.4% |
| Jul 31, 2005 | 44.23× | N/M |
| Jul 31, 2004 | N/M | N/M |
| Jul 31, 2003 | N/M | N/M |
| Jul 31, 2002 | 85.75× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How MTN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 MTN This stockVail Resorts, Inc. | 38.91× |
 LNWLight & Wonder, Inc. | 23.71× |
 SGHCSuper Group (SGHC) Limited | 14.09× |
 WHWyndham Hotels & Resorts, Inc. | 29.49× |
 THOThor Industries, Inc. | 24.97× |
 BYDBoyd Gaming Corporation | 11.74× |
 LTHLife Time Group Holdings, Inc. | 25.07× |
 CHDNChurchill Downs Incorporated | 15.19× |
 URBNUrban Outfitters, Inc. | 14.12× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does MTN’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 19.45×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take MTN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("MTN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 161.08 ÷ EPS 4.14 = 38.91×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
MTN P/E ratio: common questions
The essentials behind the numbers.
Vail Resorts, Inc.'s current P/E is 38.91× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.