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Marriott International (STU:MAQ) Cyclically Adjusted PB Ratio : 189.87 (As of May. 24, 2024)


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What is Marriott International Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Marriott International's current share price is €214.55. Marriott International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.13. Marriott International's Cyclically Adjusted PB Ratio for today is 189.87.

The historical rank and industry rank for Marriott International's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:MAQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.85   Med: 213.76   Max: 5398
Current: 191.9

During the past years, Marriott International's highest Cyclically Adjusted PB Ratio was 5398.00. The lowest was 7.85. And the median was 213.76.

STU:MAQ's Cyclically Adjusted PB Ratio is ranked worse than
99.83% of 597 companies
in the Travel & Leisure industry
Industry Median: 1.41 vs STU:MAQ: 191.90

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Marriott International's adjusted book value per share data for the three months ended in Mar. 2024 was €-5.180. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €1.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marriott International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Marriott International's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marriott International Cyclically Adjusted PB Ratio Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,440.91 - - 236.70 196.65

Marriott International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 208.72 194.12 186.71 196.65 208.65

Competitive Comparison of Marriott International's Cyclically Adjusted PB Ratio

For the Lodging subindustry, Marriott International's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marriott International's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Marriott International's Cyclically Adjusted PB Ratio falls into.



Marriott International Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Marriott International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=214.55/1.13
=189.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marriott International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Marriott International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-5.18/131.7762*131.7762
=-5.180

Current CPI (Mar. 2024) = 131.7762.

Marriott International Quarterly Data

Book Value per Share CPI Adj_Book
201406 -4.355 100.560 -5.707
201409 -4.982 100.428 -6.537
201412 -6.416 99.070 -8.534
201503 -8.484 99.621 -11.222
201506 -10.110 100.684 -13.232
201509 -12.419 100.392 -16.301
201512 -12.858 99.792 -16.979
201603 -12.953 100.470 -16.989
201606 -12.112 101.688 -15.696
201609 13.327 101.861 17.241
201612 13.183 101.863 17.054
201703 12.683 102.862 16.248
201706 11.663 103.349 14.871
201709 10.332 104.136 13.074
201712 8.446 104.011 10.701
201803 8.151 105.290 10.201
201806 6.974 106.317 8.644
201809 5.838 106.507 7.223
201812 5.766 105.998 7.168
201903 4.246 107.251 5.217
201906 3.319 108.070 4.047
201909 2.328 108.329 2.832
201912 1.952 108.420 2.373
202003 -0.056 108.902 -0.068
202006 -0.216 108.767 -0.262
202009 0.600 109.815 0.720
202012 1.090 109.897 1.307
202103 0.604 111.754 0.712
202106 2.029 114.631 2.332
202109 2.396 115.734 2.728
202112 3.835 117.630 4.296
202203 4.916 121.301 5.341
202206 5.152 125.017 5.431
202209 3.362 125.227 3.538
202212 1.726 125.222 1.816
202303 0.429 127.348 0.444
202306 -0.690 128.729 -0.706
202309 -2.098 129.860 -2.129
202312 -2.153 129.419 -2.192
202403 -5.180 131.776 -5.180

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Marriott International  (STU:MAQ) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Marriott International Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Marriott International's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Marriott International (STU:MAQ) Business Description

Address
7750 Wisconsin Avenue, Bethesda, MD, USA, 20814
Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

Marriott International (STU:MAQ) Headlines

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