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Marriott International Inc (NAS:MAR)
EV/EBIT
20.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Marriott International Inc's enterprise value is $19,847 Mil. Marriott International Inc's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $988 Mil. Therefore, Marriott International Inc's EV/EBIT ratio for today is 20.00.

MAR' s 10-Year EV/EBIT Range
Min: 6.5   Max: 129.2
Current: 20

6.5
129.2

During the past 13 years, the highest EV/EBIT Ratio of Marriott International Inc was 129.20. The lowest was 6.50. And the median was 21.20.

MAR's EV/EBITis ranked higher than
58% of the 668 Companies
in the Global Lodging industry.

( Industry Median: 18.50 vs. MAR: 20.00 )

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. 2013 was $17,734 Mil. Marriott International Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $988 Mil. Marriott International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 5.57%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=19846.669/988
=20.09

Marriott International Inc's current Enterprise Value is $19,847 Mil.
Marriott International Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 226 (Mar. 2013 ) + 279 (Jun. 2013 ) + 245 (Sep. 2013 ) + 238 (Dec. 2013 ) = $988 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=988/17733.598
=5.57 %

Marriott International Inc's Enterprise Value for the quarter that ended in Dec. 2013 was $17,734 Mil.
Marriott International Inc's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 226 (Mar. 2013 ) + 279 (Jun. 2013 ) + 245 (Sep. 2013 ) + 238 (Dec. 2013 ) = $988 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Marriott International Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 29.0221.0117.4412.8612.250.0023.8522.5915.3617.95

Marriott International Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 28.7322.5929.2529.0016.7915.3616.2414.8214.8917.95
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