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Marriott InternationalBSP:M1TT34 +1.25%82 Cyclically Adjusted PB Ratio is 183.15 as of Aug. 18, 2026, which is 18% below its 10-year median of 223.04. GuruFocus rates BSP:M1TT34 with a GF Score™ of 82/100 and a GF Value™ of R$406.81 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 639 Travel & Leisure companies, Marriott International ranks worse than 99.84% on this metric.
The historical rank and industry rank for Marriott International's Cyclically Adjusted PB Ratio or its related term are showing as below:
BSP:M1TT34'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 164.68 Med: 223.04 Max: 5398
Current: 186.88
During the past years, Marriott International's highest Cyclically Adjusted PB Ratio was 5398.00. The lowest was 164.68. And the median was 223.04.
BSP:M1TT34's Cyclically Adjusted PB Ratio is ranked worse than 99.84% of 639
companies
in the Travel & Leisure industry
Industry Median: 1.21
vs BSP:M1TT34: 186.88
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Marriott International's adjusted book value per share data for the three months ended in Jun. 2026 was R$-22.141. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$2.52 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Marriott International (BSP:M1TT34) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Marriott International Cyclically Adjusted PB Ratio Related Terms
Marriott International Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Marriott International's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marriott International Cyclically Adjusted PB Ratio Chart
BSP:M1TT34 vs HLT, H, HTHT: Cyclically Adjusted PB Ratio Comparison
For the Lodging subindustry, Marriott International's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marriott International Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Marriott International's Cyclically Adjusted PB Ratio falls into.
Marriott International Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 183.15 mean?
Marriott International (BSP:M1TT34) has a Cyclically Adjusted PB Ratio of 183.15 as of Aug. 18, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Marriott International and its competitors. This is 18% below median its historical median of 223.04. Over the past decade, Marriott International's Cyclically Adjusted PB Ratio has ranged from 164.68 to 5,398.00. According to the industry distribution chart, Marriott International ranks #638 out of 639 companies in the Travel & Leisure industry, placing it in the top 99.8%.
Is Marriott International's Cyclically Adjusted PB Ratio too high?
Marriott International's current Cyclically Adjusted PB Ratio of 183.15 is 18% below median its 10-year median of 223.04. Over the past 10 years, this metric has ranged from a low of 164.68 to a high of 5,398.00. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. Marriott International's value of 183.15 is 15036.4% above this industry median. Based on the distribution chart, Marriott International ranks #638 out of 639 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Marriott International has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marriott International's Cyclically Adjusted PB Ratio compare to HLT and H?
According to the Travel & Leisure industry distribution chart, Marriott International ranks #638 out of 639 companies for Cyclically Adjusted PB Ratio. This places Marriott International in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Marriott International's value of 183.15 is 15036.4% above this benchmark. Historically, Marriott International's own Cyclically Adjusted PB Ratio has ranged from 164.68 to 5,398.00 over the past decade. While the company's 10-year median is 223.04 vs. the industry median of 1.21, Marriott International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.21, based on 639 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marriott International's current Cyclically Adjusted PB Ratio of 183.15 is 15036.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Marriott International and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott International's current Cyclically Adjusted PB Ratio is 183.15, which is 18% below median its own 10-year median of 223.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marriott International stock overvalued right now?
Based on GuruFocus' analysis, Marriott International (BSP:M1TT34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$406.81, compared to a current price of R$461.54 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 183.15, which is 18% below median its 10-year median of 223.04 and 15036.4% above the Travel & Leisure industry median of 1.21. Marriott International's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Marriott International (BSP:M1TT34), the current Cyclically Adjusted PB Ratio is 183.15 as of Aug. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Marriott International (BSP:M1TT34) Overvalued in 2026?
Based on GuruFocus' analysis, Marriott International stock appears to be overvalued.
The current stock price of R$461.54 is trading 13.5% above its estimated GF Value™ of R$406.81.
GuruFocus considers Marriott International to be Modestly Overvalued.
Key valuation signals for BSP:M1TT34:
Cyclically Adjusted PB Ratio: 183.15 (18% below median its 10-year median of 223.04)
GF Value™: R$406.81 vs. price of R$461.54 (13.5% above fair value)
Industry Position: 15036.4% above the Travel & Leisure median (#638 of 639)
No single metric tells the full story. See the BSP:M1TT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marriott operates 1.8 million rooms across roughly 30 brands. At the end of 2025, luxury represented roughly 10% of total rooms, premium was 42%, select service was 46%, and midscale was 2%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 99% of total rooms as of Dec. 31, 2025. North America makes up 61% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
82GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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