Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Marriott International Inc., historical price multiples (quarterly data)
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)
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 72.73 | 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)
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 60.79 | 53.41 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| 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)
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| 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)
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| 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.