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Marriott International, Inc (MAR) Fair Value & Analysis

Consumer Cyclical · US · Market cap $95.8B

MI Marriott International, Inc logo Marriott International, Inc MAR · US
Price$359.67
Fair Value$135.64
Upside-62.3%
Quality69/100
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Healthy Growth
Highly profitable · 36.0% net margin
Negative equity (buybacks among others) · generates free cash flow
0.74% dividend yield
Mixed vs. peers (7/14)
Wide moat 78/100
Evidence: High Range $69.84 – $206.21 Share as image

Fair value as of: Jul 16, 2026

From 23 valuation models · updated 23 days ago

Share price −5.5% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($206.21). The favourable scenario is already priced in.
  • The model range is unusually wide ($69.84 to $206.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$402.54 $124.88 Fair Value $135.64 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $124.88 – $402.54 · fair‑value band $69.84 – $206.21 · the $359.67 price screens above the $135.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Marriott International, Inc (MAR) currently trades at $359.67, while our model-based Fair Value estimate is $135.64, implying the stock looks roughly 62.3% overvalued today. We read business quality at 69/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Marriott International, Inc generated revenue of $7.2B at a net margin of 36.0%. Revenue grew 12.6% year over year. It earns a return on equity of 14.5%. Net debt stands at $16.7B. Fundamentals as of Jul 16, 2026

Our scenario range runs from $69.84 (bear case) to $206.21 (bull case); at $359.67, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at -62%, MAR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $57.99 $111.80 $188.47 80
Rev-Margin DCF $71.87 $151.98 $243.03 74
ROIC Compounder $72.83 $103.77 $137.81 72
All 23 models by family
DCF Models
FCF DCF $55.90 $116.34 $207.82 38
Owner Earnings $55.39 $115.55 $206.61 31
5Y Revenue Exit $71.87 $152.29 $254.85 39
5Y EBITDA Exit $84.66 $176.06 $282.17 41
5Y P/E Exit $68.90 $146.76 $227.81 38
10Y Revenue Exit $60.68 $132.62 $228.83 36
10Y EBITDA Exit $73.14 $149.06 $249.56 37
10Y P/E Exit $63.11 $128.79 $208.30 35
Earnings-Based
Graham-Dodd $67.07 $202.35 $268.26 54
Lynch FV $43.09 $61.55 $80.02 50
PEG = 1.0 $43.09 $61.55 $80.02 46
EPV $65.41 $85.57 $103.20 59
Dividend Discount
Gordon GGM $25.00 $51.98 $82.47 70
DDM Multi-Stage $25.00 $40.78 $54.56 61
Multiples
P/E Multiple $147.96 $197.28 $246.60 63
P/S Multiple $125.76 $167.69 $209.61 58
EV/EBIT $156.50 $227.17 $297.83 53
EV/EBITDA $119.75 $178.18 $236.60 54
EV/Revenue $87.40 $148.65 $209.89 43
Growth DCF
Growth DCF $57.99 $111.80 $188.47 80
Rev-Margin DCF $71.87 $151.98 $243.03 74
Economic Profit
ROIC Compounder $72.83 $103.77 $137.81 72
Growth Earnings
Growth-Adj P/E $121.66 $173.79 $225.93 68

Widest divergence: Multiples ($178.18) versus Dividend Discount ($40.78). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $7.2B
Revenue growth (YoY) +12.6%
Net margin 36.0%
Return on equity 14.5%
Free cash flow $2.6B FY2025
P/E ratio 38.0
More key figures
Operating margin 59.0%
EPS (TTM) $9.55
Dividend yield 0.7%
EPS growth (YoY) +1.7%
Net debt $16.7B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 63 · Market factors (momentum, volatility) 67

Profitability 54
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Marriott International, Inc. engages in the operation, franchise, and licensing of hotel, residential, timeshare, and other lodging properties in the U.S. & Canada, Europe, Middle East & Africa, Greater China, and Asia Pacific, and internationally. It operates properties under JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St.

Full company description

Marriott International, Inc. engages in the operation, franchise, and licensing of hotel, residential, timeshare, and other lodging properties in the U.S. & Canada, Europe, Middle East & Africa, Greater China, and Asia Pacific, and internationally. It operates properties under JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, MGM Collection with Marriott Bonvoy, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, citizen, City Express by Marriott, and Four Points Flex by Sheraton brand names, as well as operates residences, timeshares, and yachts. The company was founded in 1927 and is headquartered in Bethesda, Maryland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marriott International, Inc reported revenue of $26.2B in FY2025 versus $13.9B in FY2021, a compound +17.2%/yr. Reported net income was $2.6B in FY2025, compounding +24.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$26.2B
Latest YoY
+4.3%
Avg. growth/yr (3Y)
+8.0%
Avg. growth/yr (5Y)
+19.9%
Avg. growth/yr (28Y)
+3.9%
Revenue +17.2%/yr
FY21 $13.9B
FY22 $20.8B
FY23 $23.7B
FY24 $25.1B
FY25 $26.2B
Net income +24.0%/yr
FY21 $1.1B
FY22 $2.4B
FY23 $3.1B
FY24 $2.4B
FY25 $2.6B

MAR screens 62% overvalued. Compare with Hilton Worldwide Holdings →

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Cite: Fair Value Calculator (2026). "Marriott International, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MAR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Lodging · 169 stocks

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.

Quality Score 69 · Top 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 36% · Top 25%
Operating margin (TTM) 59% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 38.0× · Pricier than 75% of peers
P/S (TTM) 13.33× · Pricier than 75% of peers
P/FCF 36.7× · Pricier than 75% of peers
EV/EBITDA 23.3× · Pricier than 75% of peers
PEG 2.16× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 3
FUTURE 63 · sector 18
PAST 58 · sector 11
HEALTH 100 · sector 90
DIVIDEND 15 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Choice Hotels International, Inc CHH $111.29 $62.55 -44%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Marriott International, Inc (MAR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $135.64 versus a price of $359.67, about −62% (overvalued).
What is the fair value of MAR?
Our model-based fair value for Marriott International, Inc is $135.64 (as of Jul 16, 2026), built from audited fundamentals. The current price is $359.67.
What is the quality score of MAR?
Marriott International, Inc has a Quality Score of 69/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Marriott International, Inc (MAR)?
Marriott International, Inc reported trailing-twelve-month revenue of about $7.2B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MAR?
The net profit margin of Marriott International, Inc is about 36.0%, meaning it keeps roughly 36.0% of revenue as net income. Based on the latest reported figures.
Does Marriott International, Inc pay a dividend?
Marriott International, Inc currently shows a dividend yield of about 0.71% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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