Marriott International, Inc. (MAR) P/E Ratio History
Fairly ValuedTrading at 37.1x, near 5Y avg of 32.2x · 80th percentile · In line with own history · Data 1998–2026
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P/E Ratio Analysis
As of September 24, 2026, Marriott International, Inc. (MAR) trades at a price-to-earnings ratio of 37.1x, with a stock price of $351.66 and trailing twelve-month earnings per share of $9.60.
The current P/E is 15% above its 5-year average of 32.2x. Over the past five years, MAR's P/E has ranged from a low of 19.4x to a high of 104.6x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.1x, MAR trades at a 94% premium to its sector peers. The sector includes 310 companies with P/E ratios ranging from 0.0x to 184.9x.
Relative to the broader market, MAR commands a significant premium over the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MAR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MAR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MAR P/E vs Peers
Hotel franchisors and brand managers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $69B | 50.2 | - | -0% | |
| $23B | 32.1 | - | +26% | |
| $5B | 28.1 | - | -32% | |
| $5B | 12.9Lowest | 0.30Best | +27% | |
| $4B | 18.3 | - | -36% | |
| $3B | 40.0 | - | +93%Best | |
| $2B | 260.8 | - | -70% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MAR Historical P/E Data (1998–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $370.59 | $9.57 | 38.7x | +22% |
| FY2026 Q1 | - | $327.07 | $9.51 | 34.4x | +9% |
| FY2025 Q4 | Dec 31 2025 | $310.24 | $9.49 | 32.7x | +3% |
| FY2025 Q3 | - | $260.44 | $9.46 | 27.5x | -13% |
| FY2025 Q2 | Jun 30 2025 | $273.21 | $8.86 | 30.8x | -3% |
| FY2025 Q1 | Mar 31 2025 | $238.20 | $8.77 | 27.2x | -14% |
| FY2024 Q4 | - | $278.94 | $8.31 | 33.6x | +6% |
| FY2024 Q3 | Sep 30 2024 | $248.60 | $9.56 | 26.0x | -18% |
| FY2024 Q2 | Jun 30 2024 | $241.77 | $10.00 | 24.2x | -24% |
| FY2024 Q1 | Mar 31 2024 | $252.31 | $9.69 | 26.0x | -18% |
| FY2023 Q4 | Dec 31 2023 | $225.51 | $10.19 | 22.1x | -30% |
| FY2023 Q3 | Sep 30 2023 | $196.56 | $9.44 | 20.8x | -34% |
| FY2023 Q2 | Jun 30 2023 | $183.69 | $8.86 | 20.7x | -34% |
| FY2023 Q1 | Mar 31 2023 | $166.04 | $8.54 | 19.4x | -39% |
| FY2022 Q4 | Dec 31 2022 | $148.89 | $7.25 | 20.5x | -35% |
| FY2022 Q3 | Sep 30 2022 | $140.14 | $6.55 | 21.4x | -32% |
| FY2022 Q2 | - | $136.01 | $5.29 | 25.7x | -19% |
| FY2022 Q1 | - | $175.75 | $4.51 | 39.0x | +23% |
| FY2021 Q4 | Dec 31 2021 | $165.24 | $3.34 | 49.5x | +57% |
| FY2021 Q3 | - | $148.09 | $1.42 | 104.6x | +230% |
| FY2021 Q2 | Jun 30 2021 | $136.52 | $1.06 | 129.2x | +308% |
| FY2020 Q3 | Sep 30 2020 | $92.58 | $0.53 | 174.7x | +452% |
| FY2020 Q2 | - | $85.73 | $1.38 | 62.1x | +96% |
| FY2020 Q1 | - | $74.81 | $2.79 | 26.8x | -15% |
| FY2019 Q4 | - | $151.43 | $3.79 | 40.0x | +26% |
| FY2019 Q3 | Sep 30 2019 | $124.37 | $3.86 | 32.2x | +2% |
| FY2019 Q2 | Jun 30 2019 | $140.29 | $4.13 | 34.0x | +7% |
| FY2019 Q1 | Mar 31 2019 | $125.09 | $5.31 | 23.6x | -26% |
| FY2018 Q4 | Dec 31 2018 | $108.56 | $5.38 | 20.2x | -36% |
| FY2018 Q3 | Sep 30 2018 | $132.03 | $4.77 | 27.7x | -13% |
| FY2018 Q2 | Jun 30 2018 | $126.60 | $4.63 | 27.3x | -14% |
| FY2018 Q1 | Mar 31 2018 | $135.98 | $4.04 | 33.7x | +6% |
| FY2017 Q4 | Dec 31 2017 | $135.73 | $3.83 | 35.4x | +12% |
| FY2017 Q3 | Sep 30 2017 | $110.26 | $4.14 | 26.6x | -16% |
| FY2017 Q2 | Jun 30 2017 | $100.31 | $3.11 | 32.3x | +2% |
| FY2017 Q1 | Mar 31 2017 | $94.18 | $2.79 | 33.8x | +7% |
| FY2016 Q4 | Dec 31 2016 | $82.68 | $2.69 | 30.7x | -3% |
| FY2016 Q3 | Sep 30 2016 | $67.33 | $2.84 | 23.7x | -25% |
| FY2016 Q2 | - | $66.46 | $3.36 | 19.8x | -37% |
| FY2016 Q1 | - | $71.18 | $3.27 | 21.8x | -31% |
| FY2015 Q4 | - | $67.04 | $3.15 | 21.3x | -33% |
| FY2015 Q3 | Sep 30 2015 | $68.20 | $3.06 | 22.3x | -30% |
| FY2015 Q2 | - | $74.39 | $2.93 | 25.4x | -20% |
| FY2015 Q1 | - | $80.32 | $2.70 | 29.7x | -6% |
| FY2014 Q4 | Dec 31 2014 | $78.03 | $2.54 | 30.7x | -3% |
| FY2014 Q3 | - | $69.90 | $2.35 | 29.7x | -6% |
| FY2014 Q2 | Jun 30 2014 | $64.10 | $2.22 | 28.9x | -9% |
| FY2014 Q1 | Mar 31 2014 | $56.02 | $2.15 | 26.1x | -18% |
| FY2013 Q4 | - | $49.35 | $2.01 | 24.6x | -22% |
| FY2013 Q3 | Sep 30 2013 | $42.06 | $2.08 | 20.2x | -36% |
| FY2013 Q2 | Jun 30 2013 | $40.37 | $2.00 | 20.2x | -36% |
| FY2013 Q1 | Mar 31 2013 | $42.23 | $1.85 | 22.8x | -28% |
| FY2012 Q4 | Dec 31 2012 | $37.27 | $1.72 | 21.7x | -32% |
| FY2012 Q3 | Sep 07 2012 | $39.36 | $1.57 | 25.1x | -21% |
| FY2012 Q2 | Jun 15 2012 | $37.98 | $0.61 | 62.3x | +97% |
| FY2012 Q1 | Mar 23 2012 | $37.72 | $0.56 | 67.4x | +113% |
| FY2011 Q4 | Dec 31 2011 | $29.17 | $0.52 | 56.1x | +77% |
| FY2011 Q3 | Sep 09 2011 | $24.58 | $0.57 | 43.1x | +36% |
| FY2011 Q2 | Jun 17 2011 | $31.25 | $1.31 | 23.9x | -25% |
| FY2011 Q1 | Mar 25 2011 | $35.50 | $1.25 | 28.4x | -10% |
| FY2010 Q4 | Dec 31 2010 | $39.16 | $1.21 | 32.4x | +2% |
| FY2010 Q3 | Sep 10 2010 | $33.47 | $0.60 | 55.8x | +76% |
| FY2009 Q2 | Jun 19 2009 | $20.65 | $0.26 | 80.4x | +154% |
| FY2009 Q1 | Mar 27 2009 | $15.90 | $0.58 | 27.6x | -13% |
| FY2008 Q4 | Dec 31 2008 | $18.13 | $0.97 | 18.7x | -41% |
| FY2008 Q3 | Sep 05 2008 | $26.85 | $1.46 | 18.4x | -42% |
| FY2008 Q2 | Jun 13 2008 | $27.64 | $1.54 | 17.9x | -43% |
| FY2008 Q1 | Mar 21 2008 | $32.00 | $1.62 | 19.8x | -38% |
| FY2007 Q4 | Dec 31 2007 | $31.87 | $1.73 | 18.4x | -42% |
| FY2007 Q3 | Sep 07 2007 | $39.54 | $1.79 | 22.1x | -30% |
| FY2007 Q2 | Jun 15 2007 | $43.45 | $1.79 | 24.3x | -23% |
| FY2007 Q1 | Mar 23 2007 | $46.26 | $1.72 | 26.9x | -15% |
| FY2006 Q4 | Dec 31 2006 | $44.49 | $1.91 | 23.3x | -26% |
| FY2006 Q3 | Sep 08 2006 | $34.98 | $1.92 | 18.2x | -42% |
| FY2006 Q2 | Jun 16 2006 | $33.54 | $1.91 | 17.6x | -45% |
| FY2006 Q1 | Mar 24 2006 | $32.07 | $1.77 | 18.1x | -43% |
| FY2005 Q4 | Dec 31 2005 | $31.22 | $1.44 | 21.7x | -31% |
| FY2005 Q3 | Sep 09 2005 | $29.36 | $1.30 | 22.6x | -29% |
| FY2005 Q2 | Jun 17 2005 | $32.29 | $1.26 | 25.6x | -19% |
| FY2005 Q1 | Mar 25 2005 | $30.39 | $1.30 | 23.4x | -26% |
| FY2004 Q4 | Dec 31 2004 | $29.36 | $1.23 | 23.9x | -25% |
| FY2004 Q3 | Sep 10 2004 | $22.52 | $1.18 | 19.1x | -40% |
| FY2004 Q2 | Jun 18 2004 | $23.28 | $1.08 | 21.6x | -32% |
| FY2004 Q1 | Mar 26 2004 | $19.45 | $1.00 | 19.4x | -39% |
| FY2003 Q4 | Dec 31 2003 | $21.54 | $1.01 | 21.3x | -33% |
| FY2003 Q3 | Sep 12 2003 | $18.76 | $0.60 | 31.5x | -1% |
| FY2003 Q2 | Jun 20 2003 | $17.89 | $0.62 | 29.0x | -8% |
| FY2003 Q1 | Mar 28 2003 | $15.20 | $0.62 | 24.7x | -22% |
| FY2002 Q4 | - | $15.32 | $0.54 | 28.6x | -10% |
| FY2002 Q3 | Sep 06 2002 | $15.39 | $0.37 | 41.6x | +31% |
| FY2002 Q2 | Jun 14 2002 | $17.77 | $0.36 | 49.4x | +56% |
| FY2002 Q1 | Mar 22 2002 | $20.75 | $0.36 | 57.6x | +82% |
| FY2001 Q4 | Dec 31 2001 | $18.95 | $0.43 | 44.1x | +39% |
| FY2001 Q3 | Sep 07 2001 | $19.12 | $0.96 | 19.9x | -37% |
| FY2001 Q2 | Jun 15 2001 | $21.32 | $0.98 | 21.8x | -31% |
| FY2001 Q1 | Mar 23 2001 | $18.60 | $0.98 | 19.0x | -40% |
| FY2000 Q4 | Dec 31 2000 | $19.70 | $0.93 | 21.2x | -33% |
| FY2000 Q3 | Sep 08 2000 | $18.01 | $0.81 | 22.2x | -30% |
| FY2000 Q2 | Jun 16 2000 | $16.26 | $0.78 | 20.8x | -34% |
| FY2000 Q1 | Mar 24 2000 | $13.99 | $0.74 | 18.9x | -40% |
| FY1999 Q4 | Dec 31 1999 | $14.71 | $0.75 | 19.6x | -38% |
| FY1999 Q3 | Sep 10 1999 | $15.76 | $0.79 | 19.9x | -37% |
| FY1999 Q2 | Jun 18 1999 | $17.92 | $0.77 | 23.3x | -26% |
| FY1999 Q1 | Mar 26 1999 | $16.32 | $0.74 | 22.1x | -30% |
| FY1998 Q4 | - | $13.52 | $0.71 | 19.0x | -40% |
Average P/E for displayed period: 31.6x
MAR Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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MAR — Frequently Asked Questions
Quick answers to the most common questions about buying MAR stock.
What is MAR's P/E ratio?
Marriott International, Inc. (MAR) trailing twelve-month P/E ratio is 37.1x, based on TTM diluted EPS of $9.60. The 5-year average P/E is 32.2x and the historical range spans 19.4x to 104.6x.
Is MAR stock overvalued or undervalued?
MAR trades at 37.1x P/E, near its 5-year average of 32.2x. The 80th percentile ranking within the 19.4x–104.6x historical range places valuation within normal bounds.
Is MAR stock expensive?
MAR is fairly valued relative to its own history. The current P/E of 37.1x is near the 5-year average of 32.2x (80th percentile of historical range).
What is MAR's historical P/E range?
Over the past 5 years, MAR's P/E ratio has ranged from 19.4x to 104.6x, with a median of 27.2x and an average of 32.2x. The current P/E of 37.1x places the stock at the 80th percentile of this range. Full historical data spans 1998–2026.
How does MAR's P/E compare to the S&P 500?
MAR trades at 37.1x P/E versus the S&P 500 median of 25.3x. The 47% premium to the market typically reflects higher expected earnings growth or quality.
How does MAR's valuation compare to Consumer Cyclical peers?
Marriott International, Inc. P/E of 37.1x compares to the Consumer Cyclical sector median of 19.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MAR's PEG ratio?
MAR PEG ratio is N/A, based on a P/E of 37.1x and EPS growth of 13.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MAR's earnings yield?
MAR earnings yield is 2.70%, the inverse of its 37.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.