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Marriott International (Marriott International) Cyclically Adjusted Price-to-FCF : 42.70 (As of Apr. 28, 2024)


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What is Marriott International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Marriott International's current share price is $240.84. Marriott International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.64. Marriott International's Cyclically Adjusted Price-to-FCF for today is 42.70.

The historical rank and industry rank for Marriott International's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MAR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.47   Med: 35.72   Max: 52.53
Current: 42.69

During the past years, Marriott International's highest Cyclically Adjusted Price-to-FCF was 52.53. The lowest was 15.47. And the median was 35.72.

MAR's Cyclically Adjusted Price-to-FCF is ranked worse than
74.13% of 344 companies
in the Travel & Leisure industry
Industry Median: 21.485 vs MAR: 42.69

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Marriott International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.087. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $5.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marriott International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Marriott International's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.89 33.23 38.92 30.21 39.98

Marriott International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 30.21 31.64 34.60 35.37 39.98

Competitive Comparison of Marriott International's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, Marriott International's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Marriott International's Cyclically Adjusted Price-to-FCF falls into.



Marriott International Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Marriott International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=240.84/5.64
=42.70

* 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 FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Marriott International's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.087/129.4194*129.4194
=2.087

Current CPI (Dec. 2023) = 129.4194.

Marriott International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.399 99.695 0.518
201406 1.312 100.560 1.689
201409 0.575 100.428 0.741
201412 0.450 99.070 0.588
201503 0.660 99.621 0.857
201506 1.464 100.684 1.882
201509 1.006 100.392 1.297
201512 1.324 99.792 1.717
201603 1.360 100.470 1.752
201606 1.674 101.688 2.131
201609 1.072 101.861 1.362
201612 0.890 101.863 1.131
201703 1.062 102.862 1.336
201706 1.744 103.349 2.184
201709 1.365 104.136 1.696
201712 1.057 104.011 1.315
201803 1.682 105.290 2.067
201806 0.364 106.317 0.443
201809 1.771 106.507 2.152
201812 1.271 105.998 1.552
201903 0.248 107.251 0.299
201906 1.519 108.070 1.819
201909 1.080 108.329 1.290
201912 0.233 108.420 0.278
202003 1.390 108.902 1.652
202006 2.982 108.767 3.548
202009 0.306 109.815 0.361
202012 -0.067 109.897 -0.079
202103 -0.009 111.754 -0.010
202106 0.179 114.631 0.202
202109 1.746 115.734 1.952
202112 1.100 117.630 1.210
202203 1.058 121.301 1.129
202206 1.760 125.017 1.822
202209 2.459 125.227 2.541
202212 0.947 125.222 0.979
202303 2.547 127.348 2.588
202306 1.810 128.729 1.820
202309 2.522 129.860 2.513
202312 2.087 129.419 2.087

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (NAS:MAR) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Marriott International Cyclically Adjusted Price-to-FCF Related Terms

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


Marriott International (Marriott International) 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.
Executives
Anthony Capuano officer: EVP - Lodging Development 10400 FERNWOOD ROAD, BETHESDA MD 20817
Felitia Lee officer: Controller and CAO 10400 FERNWOOD ROAD, BETHESDA MD 20817
Rajeev Menon officer: President, APEC 7750 WISCONSIN AVE, BETHESDA MD 20814-3522
Deborah Marriott Harrison other: 13D group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Kathleen K. Oberg officer: CFO 10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott other: 13D Group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott Marital Trust other: Member of a 10% Group 6106 MACARTHER BOULEVARD, SUITE 110, BETHESDA MD 20816
David S Marriott other: 13D group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Peggy Fang Roe officer: EVP & Chf. Customer Officer 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Rena Hozore Reiss officer: EVP & General Counsel 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Drew Pinto officer: EVP, Chf. Rev & Technology 7750 WISCONSIN AVE, BETHESDA MD 20814-3522
William P Brown officer: Pres. & Managing Dir., Europe 10400 FERNWOOD ROAD, BETHESDA MD 20817
Benjamin T. Breland officer: EVP & Chief HR Officer 10400 FERNWOOD ROAD, BETHESDA MD 20817
Eric Hippeau director STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Grant Reid director 7750 WISCONSIN AVE, BETHESDA MD 20814-3522