Marriott International, Inc.

NasdaqGS:MAR Stock Report

Market Cap: US$77.5b

Marriott International Valuation

Is MAR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAR ($283.96) is trading below our estimate of fair value ($317.61)

Significantly Below Fair Value: MAR is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAR?

Key metric: As MAR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MAR. This is calculated by dividing MAR's market cap by their current earnings.
What is MAR's PE Ratio?
PE Ratio28.5x
EarningsUS$2.77b
Market CapUS$77.54b

Price to Earnings Ratio vs Peers

How does MAR's PE Ratio compare to its peers?

The above table shows the PE ratio for MAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.9x
ABNB Airbnb
45.6x17.7%US$80.8b
HLT Hilton Worldwide Holdings
51.7x17.6%US$59.9b
BKNG Booking Holdings
33.2x14.2%US$164.8b
TCOM Trip.com Group
21.2x9.4%US$47.3b
MAR Marriott International
28.5x8.4%US$77.5b

Price-To-Earnings vs Peers: MAR is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (37.9x).

Price to Earnings Ratio vs Industry

How does MAR's PE Ratio compare vs other companies in the US Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
THRS.F Agility Real Estate
1.7xn/aUS$2.05m
No more companies available in this PE range
MAR 28.5xIndustry Avg. 23.7xNo. of Companies14PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAR is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the US Hospitality industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is MAR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio29.3x

Price-To-Earnings vs Fair Ratio: MAR is good value based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$283.96
US$275.44
-3.0%
11.5%US$328.00US$200.00n/a25
Dec ’25US$289.09
US$265.76
-8.1%
10.8%US$328.00US$200.00n/a25
Nov ’25US$260.57
US$252.60
-3.1%
9.5%US$300.00US$195.00n/a25
Oct ’25US$246.08
US$244.20
-0.8%
7.4%US$275.00US$195.00n/a25
Sep ’25US$234.69
US$244.42
+4.1%
7.2%US$275.00US$195.00n/a24
Aug ’25US$218.78
US$245.43
+12.2%
7.4%US$275.00US$200.00n/a23
Jul ’25US$239.51
US$247.13
+3.2%
7.1%US$278.00US$200.00n/a23
Jun ’25US$231.17
US$246.64
+6.7%
7.1%US$278.00US$200.00n/a22
May ’25US$233.86
US$246.00
+5.2%
6.8%US$275.00US$200.00n/a23
Apr ’25US$251.33
US$246.04
-2.1%
7.2%US$275.00US$200.00n/a24
Mar ’25US$250.00
US$243.65
-2.5%
7.4%US$275.00US$200.00n/a23
Feb ’25US$243.67
US$224.13
-8.0%
10.2%US$270.00US$160.00n/a23
Jan ’25US$225.51
US$212.96
-5.6%
8.6%US$238.00US$160.00n/a23
Dec ’24US$209.28
US$207.62
-0.8%
8.6%US$235.00US$160.00US$289.0921
Nov ’24US$188.80
US$209.77
+11.1%
8.1%US$235.00US$160.00US$260.5722
Oct ’24US$196.56
US$207.95
+5.8%
7.9%US$235.00US$160.00US$246.0821
Sep ’24US$205.82
US$204.81
-0.5%
8.5%US$230.00US$160.00US$234.6922
Aug ’24US$204.74
US$197.60
-3.5%
7.2%US$230.00US$174.00US$218.7820
Jul ’24US$183.69
US$187.70
+2.2%
5.8%US$213.00US$169.00US$239.5120
Jun ’24US$171.14
US$187.35
+9.5%
5.6%US$213.00US$169.00US$231.1720
May ’24US$170.14
US$180.70
+6.2%
5.3%US$205.00US$168.00US$233.8620
Apr ’24US$166.04
US$180.55
+8.7%
5.2%US$205.00US$168.00US$251.3320
Mar ’24US$169.44
US$181.21
+6.9%
5.5%US$205.00US$164.00US$250.0019
Feb ’24US$175.36
US$172.55
-1.6%
6.6%US$193.00US$153.00US$243.6719
Jan ’24US$148.89
US$173.17
+16.3%
6.3%US$190.00US$153.00US$225.5121
Dec ’23US$165.19
US$171.33
+3.7%
6.5%US$190.00US$152.00US$209.2820

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 07:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Marriott International, Inc. is covered by 64 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Alistair ScobieAtlantic Equities LLP
Fred LowranceAvondale Partners