Marriott International Inc. (NASDAQ:MAR)

The analysis of the data over the period from February 2006 to February 2020 reveals several distinct trends across share price, sales per share, and the price-to-sales (P/S) ratio.

Share Price

The share price experienced significant volatility during the analyzed timeframe. It started at $34.16 in early 2006 and rose to a peak of $49.73 by February 2007. This was followed by a notable decline, reaching a low of $15.73 in February 2009, likely reflecting broader market difficulties during that period. From this low point, the share price demonstrated a consistent upward trajectory, culminating in a peak of $141.29 in early 2018. After this peak, the share price showed some moderation, declining somewhat to approximately $119.64 by February 2020, yet remaining substantially elevated compared to earlier periods.

Sales per Share

Sales per share showed a general upward trend over the years, with some fluctuations. Beginning at $28.12 in 2006, sales per share increased steadily into 2008, peaking at $36.81. There was a dip in 2010 to $30.42, but the metric mostly recovered and continued to grow, reaching the highest value of $64.69 in early 2020. An exception to this growth pattern occurred in 2017, when sales per share dropped markedly to $44.51 before resuming an upward course. This overall increase in sales per share indicates improving operational performance and revenue generation on a per-share basis over time.

Price-to-Sales (P/S) Ratio

The P/S ratio exhibited considerable variability throughout the period. Starting at 1.21 in 2006, it climbed to a high of 1.59 in 2007 before decreasing sharply to 0.43 in 2009, coinciding with the dip in share price and reflecting reduced market valuation relative to sales during economically challenging times. Subsequently, the ratio mostly recovered and reached elevated levels above 2.0 in 2017 and 2018, peaking at 2.21. This increase suggests that investors were willing to pay a premium for each dollar of sales, reflecting increased confidence or expected future growth. The ratio declined somewhat thereafter to 1.85 by early 2020 but remained at historically high levels compared to the earlier years.

In summary, the data depicts an overall positive trajectory for the company's sales per share and share price over the examined period, interrupted by a market downturn around 2009. The P/S ratio trends indicate shifts in market valuation sentiment, with particularly strong investor confidence following the recovery phase. The growth in sales per share coupled with a rising share price and higher valuation multiples suggests improved financial performance and market perception across the years, despite some periods of volatility.