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Marriott International (FRA:MAQ) Cyclically Adjusted Revenue per Share : €61.28 (As of Mar. 2024)


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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 Mar. 2024 was €18.857. 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 €61.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Marriott International's average Cyclically Adjusted Revenue Growth Rate was 7.80% 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 (2024-05-19), Marriott International's current stock price is €219.20. Marriott International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €61.28. Marriott International's Cyclically Adjusted PS Ratio of today is 3.58.

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 2.48.


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 45.01 40.24 48.29 54.89 57.51

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 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 54.73 56.52 61.07 57.51 61.28

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 Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=18.857/131.7762*131.7762
=18.857

Current CPI (Mar. 2024) = 131.7762.

Marriott International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.585 100.560 11.250
201409 9.089 100.428 11.926
201412 9.987 99.070 13.284
201503 11.450 99.621 15.146
201506 11.853 100.684 15.513
201509 11.927 100.392 15.656
201512 12.941 99.792 17.089
201603 13.083 100.470 17.160
201606 13.460 101.688 17.443
201609 12.985 101.861 16.799
201612 9.246 101.863 11.961
201703 11.776 102.862 15.086
201706 12.109 103.349 15.440
201709 11.313 104.136 14.316
201712 11.992 104.011 15.193
201803 11.182 105.290 13.995
201806 12.959 106.317 16.062
201809 12.347 106.507 15.276
201812 13.456 105.998 16.728
201903 12.939 107.251 15.898
201906 13.956 108.070 17.017
201909 14.430 108.329 17.553
201912 14.630 108.420 17.782
202003 12.939 108.902 15.657
202006 3.993 108.767 4.838
202009 5.856 109.815 7.027
202012 5.475 109.897 6.565
202103 5.955 111.754 7.022
202106 7.942 114.631 9.130
202109 10.186 115.734 11.598
202112 11.927 117.630 13.361
202203 11.554 121.301 12.552
202206 15.325 125.017 16.154
202209 16.476 125.227 17.338
202212 17.583 125.222 18.503
202303 16.863 127.348 17.449
202306 18.384 128.729 18.819
202309 18.509 129.860 18.782
202312 18.901 129.419 19.245
202403 18.857 131.776 18.857

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


Marriott International  (FRA:MAQ) 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
=219.20/61.28
=3.58

* 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 2.48.


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 (FRA: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 (FRA:MAQ) Headlines

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