Travel + Leisure Co (TNL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Travel + Leisure Co stock $36.58, price $75.33, that is 51.4% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
Travel + Leisure Co
TNL · USOur calculation puts a fair price 51% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $28.83 – $77.73 · fair‑value band $36.58 – $62.83 · the $75.33 price screens above the $36.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Every Wednesday you see whether Travel + Leisure Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership.
Show moreShow less
The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as offers consumer financing in connection with the sale of VOIs; and property management services at resorts; and This segment also experiences under hospitality and leisure brands, including Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Eddie Bauer Adventure Club, And Accor Vacation Club.
The Travel and Membership segment operates various travel businesses, including vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment also offers business-to-business private-label travel club solutions and facilitates bookings.
Travel + Leisure Co. has a strategic alliance with Hornblower Group, Inc. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.
Stock analysis
Travel + Leisure Co (TNL) currently trades at $75.33, while our model-based Fair Value estimate is $36.58, 51% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $83.98 per share, and 6 of the 20 models we run sit above the $75.33 price.
Bear case: the Economic Profit group reads lowest at $14.42, and 14 of the 20 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $36.58 (bear) to $62.83 (bull), the price of $75.33 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Travel + Leisure Co reported revenue of $4.0B in FY2025 versus $3.1B in FY2021, a compound +6.4%/yr. Reported net income was $230M in FY2025, compounding −7.0%/yr from FY2021.
Key figures
Market cap $4.8B Mid · P/E ratio 20.3 · P/S ratio 1.15 · EPS (TTM) $3.71 · Dividend yield 3.1% · Net margin 5.7% · Return on assets (EBIT) 10.2% (5-year average) · Operating margin 19.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 3% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at −51%, TNL screens richer than that median.
Fair Value models
All 21 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 8 officers or directors sold shares worth $15.7M and none bought.
- SaleThomas Michael DuncanSVP, Chief Accounting Officer20,000 shares at $74.16$1.5MAug 26, 2026
- SaleMichael Dean BrownOfficer, Director5× since Feb 23, 2026: 119,222 shares, avg. $75.33$9.0MAug 6, 202610b5-1 plan
- SaleJeffrey MyersOfficer34,000 shares at $77.76$2.6MAug 4, 2026
- SaleSy EsfahaniChief Technology Officer52,617 shares at $78.00$4.1MAug 4, 2026
- SaleGeoffrey RichardsOfficer3× since Nov 12, 2025: 105,817 shares, avg. $68.50$7.2MJul 27, 2026
- SaleKimberly MarshallChief Human Resources Officer2× since Jun 4, 2026: 60,691 shares, avg. $72.77$4.4MJul 23, 2026
- SaleGeorge HerreraDirector3× since Nov 25, 2025: 4,021 shares, avg. $70.67$284,157Jun 16, 2026
- SaleDenny Marie PostDirector2,500 shares at $63.83$159,575May 14, 2026
- BuyErik D HoagChief Financial Officer1,000 shares at $65.67$65,670Apr 23, 2026
- SaleJames J SavinaOfficer31,596 shares at $70.38$2.2MMar 17, 2026
Plus 1 more entries from the last 12 months.
Plus 4 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
TNL screens overvalued: fair value 51% below the price. Compare with Booking Holdings →
Recent news
- TNL Q3 deep dive: Acquisitions and new brands drive tour growth, margin pressures persist
- 5 insightful analyst questions from Travel + Leisure’s Q3 earnings call
- Travel + Leisure (TNL) Lifts Guidance On An Earnings Beat As Undervalued Narrative Holds
- Travel + Leisure (TNL) Stock May Look Reasonable As Earnings Guidance Rises
Compare Travel + Leisure Co with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Travel Services · 87 stocks
Valuation Multiplesvs Travel Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/B ratio by industry
- Net margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Travel Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| TUI AG TUI1 | €7.57 | €22.70 | +200% | vs TNL |
| Trip.com Group 9961 | HK$350.40 | HK$682.74 | +95% | vs TNL |
| Carnival Corporation CCL | $29.58 | $37.36 | +26% | vs TNL |
| Expedia Group EXPE | $259.24 | $299.73 | +16% | vs TNL |
| Booking Holdings BKNG | $160.67 | $185.59 | +16% | vs TNL |
| Norwegian Cruise Line Holdings NCLH | $17.92 | $20.27 | +13% | vs TNL |
| Airbnb, Inc ABNB | $189.99 | $208.99 | +10% | vs TNL |
| Viking Holdings VIK | $87.48 | $96.23 | +10% | vs TNL |
| MakeMyTrip Limited MMYT | $51.10 | $34.50 | −32% | vs TNL |
| Royal Caribbean Cruises Ltd RCL | $327.16 | $206.34 | −37% | vs TNL |
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Travel + Leisure Co (TNL) overvalued or undervalued?
What is the fair value of TNL?
What is the quality score of TNL?
What is the price target for Travel + Leisure Co (TNL)?
What is the Travel + Leisure Co stock forecast for 2026?
What is the revenue of Travel + Leisure Co (TNL)?
Does Travel + Leisure Co pay a dividend?
How much is the dividend of Travel + Leisure Co (TNL) and when is the ex-dividend date?
What growth is priced into Travel + Leisure Co (TNL)?
What discount rate (WACC) does the fair value of TNL use?
What is a reverse DCF?
How much growth has Travel + Leisure Co (TNL) delivered so far?
How fast is the sector of Travel + Leisure Co (TNL) growing?
What is the free cash flow yield of Travel + Leisure Co (TNL)?
What is the intrinsic value of Travel + Leisure Co (TNL)?
Is Travel + Leisure Co stock overvalued or undervalued in 2026?
Is fair value the same as the market price of TNL?
How much is Travel + Leisure Co worth?
What do the bullish and bearish scenarios say about TNL?
What is the P/E ratio of TNL?
What is the PEG ratio of TNL?
How solid is the balance sheet of Travel + Leisure Co (TNL)?
How far is TNL from its 52-week high?
Which stocks are comparable to Travel + Leisure Co?
Is Travel + Leisure Co stock attractive at the current price?
How is the fair value of TNL calculated?
Is it still worth investing in stocks now?
What is the share price of Travel + Leisure Co (TNL)?
What should I pay attention to with Travel + Leisure Co right now?
Where does the earnings growth of Travel + Leisure Co (TNL) come from?
Key figures of Travel + Leisure Co
How large is the market capitalisation of Travel + Leisure Co (TNL)?
What is the P/S ratio of Travel + Leisure Co (TNL)?
What are the earnings per share of Travel + Leisure Co (TNL)?
What is the dividend yield of Travel + Leisure Co (TNL)?
What is the net margin of Travel + Leisure Co (TNL)?
What is the EBIT return on assets of Travel + Leisure Co (TNL)?
What is the operating margin of Travel + Leisure Co (TNL)?
How fast is revenue growing at Travel + Leisure Co (TNL)?
How fast are earnings growing at Travel + Leisure Co (TNL)?
How much net debt does Travel + Leisure Co (TNL) carry?
Watch Travel + Leisure Co in the live analysis
One click puts Travel + Leisure Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.