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Marriott International (BSP:M1TT34) Cyclically Adjusted PS Ratio : 3.66 (As of May. 18, 2024)


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What is Marriott International Cyclically Adjusted PS Ratio?

As of today (2024-05-18), Marriott International's current share price is R$303.42. Marriott International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$82.90. Marriott International's Cyclically Adjusted PS Ratio for today is 3.66.

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

BSP:M1TT34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.48   Max: 3.97
Current: 3.6

During the past years, Marriott International's highest Cyclically Adjusted PS Ratio was 3.97. The lowest was 1.16. And the median was 2.48.

BSP:M1TT34's Cyclically Adjusted PS Ratio is ranked worse than
78.21% of 638 companies
in the Travel & Leisure industry
Industry Median: 1.465 vs BSP:M1TT34: 3.60

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 adjusted revenue per share data for the three months ended in Mar. 2024 was R$25.518. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$82.90 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marriott International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Marriott International's Cyclically Adjusted PS 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 PS Ratio Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 2.61 3.04 2.49 3.51

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 PS 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 2.71 2.94 3.09 3.51 3.82

Competitive Comparison of Marriott International's Cyclically Adjusted PS Ratio

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 PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=303.42/82.9
=3.66

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=25.518/131.7762*131.7762
=25.518

Current CPI (Mar. 2024) = 131.7762.

Marriott International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.520 100.560 8.544
201409 6.846 100.428 8.983
201412 8.134 99.070 10.819
201503 9.732 99.621 12.873
201506 10.349 100.684 13.545
201509 13.062 100.392 17.145
201512 13.677 99.792 18.061
201603 13.469 100.470 17.666
201606 12.944 101.688 16.774
201609 11.852 101.861 15.333
201612 8.178 101.863 10.580
201703 9.848 102.862 12.616
201706 11.209 103.349 14.292
201709 10.560 104.136 13.363
201712 11.691 104.011 14.812
201803 11.302 105.290 14.145
201806 14.272 106.317 17.690
201809 14.798 106.507 18.309
201812 14.862 105.998 18.476
201903 14.038 107.251 17.248
201906 15.201 108.070 18.536
201909 16.366 108.329 19.908
201912 16.681 108.420 20.274
202003 17.465 108.902 21.134
202006 5.832 108.767 7.066
202009 9.311 109.815 11.173
202012 8.567 109.897 10.273
202103 9.987 111.754 11.776
202106 12.029 114.631 13.828
202109 15.815 115.734 18.007
202112 19.053 117.630 21.344
202203 15.830 121.301 17.197
202206 20.444 125.017 21.549
202209 21.384 125.227 22.502
202212 24.425 125.222 25.703
202303 23.510 127.348 24.328
202306 24.169 128.729 24.741
202309 24.389 129.860 24.749
202312 25.249 129.419 25.709
202403 25.518 131.776 25.518

Add all the adjusted revenue per share together and divide 10 will get our 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.


Marriott International  (BSP:M1TT34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Marriott International Cyclically Adjusted PS Ratio Related Terms

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


Marriott International (BSP:M1TT34) 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 (BSP:M1TT34) Headlines

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