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GuruFocus has detected 3 Warning Signs with Marriott International Inc $MAR.
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Marriott International Inc (NAS:MAR)
EV/EBIT
28.99 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Marriott International Inc's enterprise value is $41,114 Mil. Marriott International Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $1,418 Mil. Therefore, Marriott International Inc's EV/EBIT ratio for today is 28.99.

MAR' s EV/EBIT Range Over the Past 10 Years
Min: -353.8   Max: 31.5
Current: 29.04

-353.8
31.5

During the past 13 years, the highest EV/EBIT Ratio of Marriott International Inc was 31.50. The lowest was -353.80. And the median was 16.20.

MAR's EV/EBIT is ranked lower than
67% of the 718 Companies
in the Global Lodging industry.

( Industry Median: 17.68 vs. MAR: 29.04 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Marriott International Inc's enterprise value for the quarter that ended in Dec. 2016 was $39,933 Mil. Marriott International Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $1,418 Mil. Marriott International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 3.55%.


Definition

Marriott International Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=41113.736/1418
=28.99

Marriott International Inc's current Enterprise Value is $41,114 Mil.
Marriott International Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 373 (Mar. 2016 ) + 401 (Jun. 2016 ) + 186 (Sep. 2016 ) + 458 (Dec. 2016 ) = $1,418 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Marriott International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=1418/39932.8864
=3.55 %

Marriott International Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $39,933 Mil.
Marriott International Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 373 (Mar. 2016 ) + 401 (Jun. 2016 ) + 186 (Sep. 2016 ) + 458 (Dec. 2016 ) = $1,418 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Marriott International Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 11.1610.94-37.8422.6722.8514.6417.4421.4314.9028.16

Marriott International Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 20.6121.4320.3917.3115.5514.9015.2514.1426.3828.16
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