Is McGrath RentCorp (MGRC) overvalued? · P/E 18, rev $910.9M
McGrath RentCorp (MGRC) is a rental & leasing services company listed on NASDAQ.
This page asks whether McGrath RentCorp (MGRC) looks expensive on cached numbers — not a short thesis.
Latest reported MGRC revenue for 2024-12-31 was $910.9M. Net income was $231.7M. Revenue was up 9.5% from 2023-12-31 to 2024-12-31. MGRC currently screens at market cap $2.79B and trailing P/E 18.1.
MGRC currently screens at market cap $2.79B and trailing P/E 18.1. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next MGRC 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the MGRC stock page for the full model, not this heading.
Not investment advice.