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Marriott International (Marriott International) Cyclically Adjusted Revenue per Share : $64.24 (As of Dec. 2023)


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What is Marriott International Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Marriott International's adjusted revenue per share for the three months ended in Dec. 2023 was $20.612. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $64.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Marriott International's average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Marriott International was 8.30% per year. The lowest was 4.80% per year. And the median was 6.85% per year.

As of today (2024-04-27), Marriott International's current stock price is $240.84. Marriott International's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $64.24. Marriott International's Cyclically Adjusted PS Ratio of today is 3.75.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Marriott International was 3.97. The lowest was 1.16. And the median was 2.47.


Marriott International Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Marriott International's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.30 50.56 54.28 59.71 64.24

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 Revenue per Share 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 59.71 61.26 62.53 63.67 64.24

Competitive Comparison of Marriott International's Cyclically Adjusted Revenue per Share

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

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

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



Marriott International Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=20.612/129.4194*129.4194
=20.612

Current CPI (Dec. 2023) = 129.4194.

Marriott International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.857 99.695 14.094
201406 11.664 100.560 15.011
201409 11.713 100.428 15.094
201412 12.315 99.070 16.088
201503 12.392 99.621 16.099
201506 13.303 100.684 17.100
201509 13.386 100.392 17.257
201512 14.097 99.792 18.282
201603 14.569 100.470 18.767
201606 15.124 101.688 19.248
201609 14.573 101.861 18.516
201612 9.753 101.863 12.391
201703 12.595 102.862 15.847
201706 13.606 103.349 17.038
201709 13.484 104.136 16.758
201712 14.192 104.011 17.659
201803 13.788 105.290 16.948
201806 15.139 106.317 18.429
201809 14.407 106.507 17.506
201812 15.308 105.998 18.690
201903 14.621 107.251 17.643
201906 15.770 108.070 18.885
201909 15.892 108.329 18.986
201912 16.256 108.420 19.405
202003 14.297 108.902 16.991
202006 4.496 108.767 5.350
202009 6.897 109.815 8.128
202012 6.661 109.897 7.844
202103 7.089 111.754 8.210
202106 9.569 114.631 10.803
202109 11.983 115.734 13.400
202112 13.477 117.630 14.828
202203 12.724 121.301 13.576
202206 16.200 125.017 16.771
202209 16.313 125.227 16.859
202212 18.626 125.222 19.250
202303 18.055 127.348 18.349
202306 19.918 128.729 20.025
202309 19.753 129.860 19.686
202312 20.612 129.419 20.612

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Marriott International  (NAS:MAR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Marriott International's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=240.84/64.24
=3.75

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Marriott International was 3.97. The lowest was 1.16. And the median was 2.47.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Marriott International Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Marriott International's Cyclically Adjusted Revenue per Share 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