Marriott International Inc. (NASDAQ:MAR)

The financial data presents several notable trends over the period analyzed. The share price exhibits significant volatility, with an initial increase from 34.16 USD to a peak of 49.73 USD between early 2006 and early 2007, followed by a substantial decline to 15.73 USD by early 2009. Subsequently, the share price generally trends upward, reaching its highest level of 141.29 USD by early 2018 before experiencing a slight decline, ending at 119.64 USD by early 2020.

Operating profit per share demonstrates fluctuations corresponding with the share price movements. It rises from 1.35 USD in early 2006 to a peak of 3.36 USD by early 2008, then declines sharply to negative territory (-0.42 USD) in early 2010, indicating a challenging operating environment during that period. Following this, operating profit per share recovers and grows steadily, reaching a high of 6.97 USD by early 2019 before a decrease to 5.55 USD by early 2020.

The price-to-operating profit ratio (P/OP) shows variability that reflects the interplay between share price and operating profit per share. Initially, this ratio decreases from 25.28 to a low of 7.01 between 2006 and 2009, signifying that the share price declined relative to operating profits. However, the P/OP ratio then increases and fluctuates in the range of approximately 12 to 25, indicating periods of market optimism and investor willingness to pay a premium on operating profits. The ratio peaks at 24.67 in early 2017 and ends at 21.55 by early 2020, suggesting a somewhat elevated valuation relative to operating profit at the end of the period.

Overall, the data reflects a period marked by volatility influenced likely by macroeconomic factors, with a recovery phase after 2009 characterized by growing operating profits and increasing share price, albeit with fluctuating valuation multiples. The negative operating profit in early 2010 highlights a significant operational challenge, while the subsequent recovery points to improved business performance and investor confidence in later years.