Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Marriott International Inc., historical price multiples (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Price to earnings (P/E) 28.73 30.47 33.34 29.66 23.55 22.17 21.82 25.70 34.31 36.81 30.91 35.42 41.94 43.27 39.20 20.73 20.21 19.16
Price to operating profit (P/OP) 19.01 21.55 22.44 21.85 18.69 17.87 15.54 16.93 20.82 21.41 19.62 21.88 25.25 24.67 23.38 12.95 12.71 12.19
Price to sales (P/S) 1.29 1.85 2.09 2.05 2.11 2.04 1.83 1.97 2.19 2.21 1.95 1.87 2.06 1.98 1.89 1.22 1.19 1.14
Price to book value (P/BV) 55.18 52.16 34.13 27.36 19.00 16.81 15.20 13.73 13.54 9.69 7.90 7.51 6.30 4.95

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Marriott International Inc. P/E ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Marriott International Inc. P/OP ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Marriott International Inc. P/S ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Earnings (P/E)

Marriott International Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 324,255,928 324,214,545 326,937,219 329,358,821 332,988,834 339,668,839 341,130,300 346,988,137 353,355,376 357,437,289 364,581,283 372,420,122 378,890,739 383,561,428 390,479,820 254,400,460 254,231,720 253,481,935 257,128,905 265,887,565 274,950,050
Selected Financial Data (US$)
Net income (in millions) 31 279 387 232 375 317 503 667 420 201 392 414 365 244 70 247 219 202 210 240 207
Earnings per share (EPS)2 2.87 3.93 4.01 4.33 5.59 5.61 5.25 4.84 4.04 3.84 3.88 2.93 2.44 2.03 1.89 3.45 3.43 3.39 0.00 0.00 0.00
Share price1, 3 82.31 119.64 133.69 128.49 131.71 124.45 114.55 124.43 138.57 141.29 119.98 103.95 102.50 87.99 74.08 71.53 69.24 64.94 76.98 72.64 80.05
Valuation Ratio
P/E ratio4 28.73 30.47 33.34 29.66 23.55 22.17 21.82 25.70 34.31 36.81 30.91 35.42 41.94 43.27 39.20 20.73 20.21 19.16
Benchmarks
P/E Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 17.38 14.16
Carnival Corp. & plc 3.22 11.04 10.23 11.03 12.02 12.86
Chipotle Mexican Grill Inc. 72.72 67.72
McDonald’s Corp. 23.20 25.99
Starbucks Corp. 27.92 27.63 32.57 31.03 27.53 18.71

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
EPS = (Net incomeQ1 2020 + Net incomeQ4 2019 + Net incomeQ3 2019 + Net incomeQ2 2019) ÷ No. shares of common stock outstanding
= (31,000,000 + 279,000,000 + 387,000,000 + 232,000,000) ÷ 324,255,928 = 2.87

3 Closing price as at the filing date of Marriott International Inc. Quarterly or Annual Report.

4 Q1 2020 Calculation
P/E ratio = Share price ÷ EPS
= 82.31 ÷ 2.87 = 28.73

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Marriott International Inc. P/E ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Operating Profit (P/OP)

Marriott International Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 324,255,928 324,214,545 326,937,219 329,358,821 332,988,834 339,668,839 341,130,300 346,988,137 353,355,376 357,437,289 364,581,283 372,420,122 378,890,739 383,561,428 390,479,820 254,400,460 254,231,720 253,481,935 257,128,905 265,887,565 274,950,050
Selected Financial Data (US$)
Operating income (in millions) 114 274 607 409 510 422 596 818 530 570 632 620 537 441 171 389 367 310 339 369 332
Operating profit per share2 4.33 5.55 5.96 5.88 7.05 6.97 7.37 7.35 6.66 6.60 6.12 4.75 4.06 3.57 3.17 5.52 5.45 5.33 0.00 0.00 0.00
Share price1, 3 82.31 119.64 133.69 128.49 131.71 124.45 114.55 124.43 138.57 141.29 119.98 103.95 102.50 87.99 74.08 71.53 69.24 64.94 76.98 72.64 80.05
Valuation Ratio
P/OP ratio4 19.01 21.55 22.44 21.85 18.69 17.87 15.54 16.93 20.82 21.41 19.62 21.88 25.25 24.67 23.38 12.95 12.71 12.19
Benchmarks
P/OP Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 13.19 12.89
Carnival Corp. & plc 2.77 10.08 9.36 10.15 11.30 12.19
Chipotle Mexican Grill Inc. 60.78 53.42
McDonald’s Corp. 15.53 17.27
Starbucks Corp. 24.29 24.39 29.28 24.32 22.04 21.78

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
Operating profit per share = (Operating incomeQ1 2020 + Operating incomeQ4 2019 + Operating incomeQ3 2019 + Operating incomeQ2 2019) ÷ No. shares of common stock outstanding
= (114,000,000 + 274,000,000 + 607,000,000 + 409,000,000) ÷ 324,255,928 = 4.33

3 Closing price as at the filing date of Marriott International Inc. Quarterly or Annual Report.

4 Q1 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 82.31 ÷ 4.33 = 19.01

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Marriott International Inc. P/OP ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Sales (P/S)

Marriott International Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 324,255,928 324,214,545 326,937,219 329,358,821 332,988,834 339,668,839 341,130,300 346,988,137 353,355,376 357,437,289 364,581,283 372,420,122 378,890,739 383,561,428 390,479,820 254,400,460 254,231,720 253,481,935 257,128,905 265,887,565 274,950,050
Selected Financial Data (US$)
Revenues (in millions) 4,681 5,371 5,284 5,305 5,012 5,289 5,051 5,409 5,009 5,875 5,663 5,795 5,561 5,456 3,942 3,902 3,772 3,706 3,578 3,689 3,513
Sales per share2 63.66 64.69 63.90 62.72 62.35 61.11 62.57 63.28 63.23 64.05 61.65 55.73 49.78 44.51 39.24 58.80 58.00 57.15 0.00 0.00 0.00
Share price1, 3 82.31 119.64 133.69 128.49 131.71 124.45 114.55 124.43 138.57 141.29 119.98 103.95 102.50 87.99 74.08 71.53 69.24 64.94 76.98 72.64 80.05
Valuation Ratio
P/S ratio4 1.29 1.85 2.09 2.05 2.11 2.04 1.83 1.97 2.19 2.21 1.95 1.87 2.06 1.98 1.89 1.22 1.19 1.14
Benchmarks
P/S Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 4.07 4.57
Carnival Corp. & plc 0.29 1.59 1.53 1.66 1.93 2.15
Chipotle Mexican Grill Inc. 4.33 4.24
McDonald’s Corp. 6.46 7.43
Starbucks Corp. 3.86 3.75 4.44 3.68 3.30 3.42

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
Sales per share = (RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019 + RevenuesQ2 2019) ÷ No. shares of common stock outstanding
= (4,681,000,000 + 5,371,000,000 + 5,284,000,000 + 5,305,000,000) ÷ 324,255,928 = 63.66

3 Closing price as at the filing date of Marriott International Inc. Quarterly or Annual Report.

4 Q1 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 82.31 ÷ 63.66 = 1.29

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Marriott International Inc. P/S ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Book Value (P/BV)

Marriott International Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 324,255,928 324,214,545 326,937,219 329,358,821 332,988,834 339,668,839 341,130,300 346,988,137 353,355,376 357,437,289 364,581,283 372,420,122 378,890,739 383,561,428 390,479,820 254,400,460 254,231,720 253,481,935 257,128,905 265,887,565 274,950,050
Selected Financial Data (US$)
Shareholders’ equity (deficit) (in millions) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Book value per share (BVPS)2 -0.06 2.17 2.56 3.76 4.81 6.55 6.81 8.19 10.09 10.44 12.38 13.16 13.64 13.97 14.96 -13.61 -14.42 -14.16 -13.96 -11.41 -9.23
Share price1, 3 82.31 119.64 133.69 128.49 131.71 124.45 114.55 124.43 138.57 141.29 119.98 103.95 102.50 87.99 74.08 71.53 69.24 64.94 76.98 72.64 80.05
Valuation Ratio
P/BV ratio4 55.18 52.16 34.13 27.36 19.00 16.81 15.20 13.73 13.54 9.69 7.90 7.51 6.30 4.95
Benchmarks
P/BV Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 15.43 11.61 13.01 14.59 10.87
Carnival Corp. & plc 0.25 1.30 1.24 1.37 1.54 1.66 1.87 1.80 2.01
Chipotle Mexican Grill Inc. 14.72 14.09 13.50 14.02 12.66
McDonald’s Corp.
Starbucks Corp. 72.30 17.71 17.03 13.88

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
BVPS = Shareholders’ equity (deficit) ÷ No. shares of common stock outstanding
= -20,000,000 ÷ 324,255,928 = -0.06

3 Closing price as at the filing date of Marriott International Inc. Quarterly or Annual Report.

4 Q1 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 82.31 ÷ -0.06 =

5 Click competitor name to see calculations.