Marriott International, Inc.

NasdaqGS:MAR Stock Report

Market Cap: US$77.6b

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 ($280.18) is trading below our estimate of fair value ($319.64)

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 Ratio28.1x
EarningsUS$2.77b
Market CapUS$77.61b

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 Average37.4x
ABNB Airbnb
46x18.0%US$82.1b
HLT Hilton Worldwide Holdings
51.8x17.6%US$60.9b
BKNG Booking Holdings
33x14.1%US$164.7b
TCOM Trip.com Group
18.9x8.7%US$40.9b
MAR Marriott International
28.1x8.4%US$77.6b

Price-To-Earnings vs Peers: MAR is good value based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (37.4x).


Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GDHG Golden Heaven Group Holdings
3.5xn/aUS$6.01m
THRS.F Agility Real Estate
1.7xn/aUS$2.05m
No more companies available in this PE range
MAR 28.1xIndustry Avg. 24.4xNo. of Companies15PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAR is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the US Hospitality industry average (24.4x).


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 Ratio28.1x
Fair PE Ratio29.3x

Price-To-Earnings vs Fair Ratio: MAR is good value based on its Price-To-Earnings Ratio (28.1x) 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$280.18
US$264.52
-5.6%
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$160.00n/a21
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
Nov ’23US$160.07
US$170.90
+6.8%
6.3%US$190.00US$153.00US$188.8020

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


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