Marriott Vacations Worldwide (MEX:VAC) Cyclically Adjusted PB Ratio: 0.90 (As of Jul. 13, 2026) — 49% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:VAC Marriott Vacations Worldwide Corp MEX:VAC
84 GF Score
Price MXN1,322.53
GF Value MXN1,381.18
! 7 Warning Signs
View Full Analysis

What is Marriott Vacations Worldwide Cyclically Adjusted PB Ratio?

Marriott Vacations Worldwide MEX:VAC 84 Cyclically Adjusted PB Ratio is 0.90 as of Jul. 13, 2026, which is 49% below its 10-year median of 1.78. GuruFocus rates MEX:VAC with a GF Score™ of 84/100 and a GF Value™ of MXN1,381.18. The stock has 7 warning signs investors should review. Among 652 Travel & Leisure companies, Marriott Vacations Worldwide ranks worse than 52.15% on this metric.

As of today (2026-07-13), Marriott Vacations Worldwide's current share price is MXN1322.53. Marriott Vacations Worldwide's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN1,470.99. Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio for today is 0.90.

The historical rank and industry rank for Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:VAC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.78   Max: 3.75
Current: 1.36

During the past years, Marriott Vacations Worldwide's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 0.64. And the median was 1.78.

MEX:VAC's Cyclically Adjusted PB Ratio is ranked worse than
52.15% of 652 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs MEX:VAC: 1.36

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 Vacations Worldwide's adjusted book value per share data for the three months ended in Mar. 2026 was MXN1,046.196. 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 MXN1,470.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marriott Vacations Worldwide  (MEX:VAC) 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 Vacations Worldwide Cyclically Adjusted PB Ratio Related Terms


Marriott Vacations Worldwide Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marriott Vacations Worldwide'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 Vacations Worldwide Cyclically Adjusted PB Ratio Chart

Marriott Vacations Worldwide Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 2.29 1.34 1.34 0.81

Marriott Vacations Worldwide Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 1.04 0.94 0.81 0.90

MEX:VAC vs RRR, PENN, HGV: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide'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 Vacations Worldwide Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio falls into.


MEX:VAC
84GF Score
Marriott Vacations Worldwide Corp MEX:VAC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marriott Vacations Worldwide 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.

Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1322.53/1470.99
=0.90

* 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 Vacations Worldwide's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Marriott Vacations Worldwide's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1046.196/330.2130*330.2130
=1,046.196

Current CPI (Mar. 2026) = 330.2130.

Marriott Vacations Worldwide Quarterly Data

Book Value per Share CPI Adj_Book
201603 557.164 238.132 772.608
201606 580.405 241.018 795.199
201612 693.461 241.432 948.465
201703 647.272 243.801 876.689
201706 644.571 244.955 868.918
201709 650.203 246.819 869.890
201712 772.636 246.524 1,034.927
201803 729.187 249.554 964.869
201806 788.022 251.989 1,032.645
201809 1,385.291 252.439 1,812.086
201812 1,477.545 251.233 1,942.040
201903 1,442.926 254.202 1,874.387
201906 1,428.750 256.143 1,841.908
201909 1,442.456 256.759 1,855.116
201912 1,369.303 256.974 1,759.562
202003 1,576.379 258.115 2,016.701
202006 1,517.331 257.797 1,943.554
202009 1,429.946 260.280 1,814.149
202012 1,283.246 260.474 1,626.821
202103 1,341.668 264.877 1,672.611
202106 1,389.929 271.696 1,689.287
202109 1,431.133 274.310 1,722.791
202112 1,443.835 278.802 1,710.078
202203 1,342.025 287.504 1,541.384
202206 1,368.114 296.311 1,524.645
202209 1,364.627 296.808 1,518.212
202212 1,298.312 296.797 1,444.487
202303 1,204.778 301.836 1,318.045
202306 1,163.956 305.109 1,259.725
202309 1,175.416 307.789 1,261.051
202312 1,144.785 306.746 1,232.365
202403 1,122.810 312.332 1,187.091
202406 1,239.596 314.175 1,302.875
202409 1,362.945 315.301 1,427.405
202412 1,460.222 315.605 1,527.809
202503 1,442.721 319.799 1,489.702
202506 1,351.706 322.561 1,383.772
202509 1,306.363 324.800 1,328.134
202512 1,051.616 324.054 1,071.603
202603 1,046.196 330.213 1,046.196

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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 0.90 mean?
Marriott Vacations Worldwide (MEX:VAC) has a Cyclically Adjusted PB Ratio of 0.90 as of Jul. 13, 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 Vacations Worldwide and its competitors. This is 49% below median its historical median of 1.78. Over the past decade, Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.75. According to the industry distribution chart, Marriott Vacations Worldwide ranks #340 out of 652 companies in the Travel & Leisure industry, placing it in the top 52.1%.
Is Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio too high?
Marriott Vacations Worldwide's current Cyclically Adjusted PB Ratio of 0.90 is 49% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.75. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Marriott Vacations Worldwide's value of 0.90 is 26.8% below this industry median. Based on the distribution chart, Marriott Vacations Worldwide ranks #340 out of 652 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Marriott Vacations Worldwide has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Marriott Vacations Worldwide's Cyclically Adjusted PB Ratio compare to RRR and PENN?
According to the Travel & Leisure industry distribution chart, Marriott Vacations Worldwide ranks #340 out of 652 companies for Cyclically Adjusted PB Ratio. This places Marriott Vacations Worldwide in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Marriott Vacations Worldwide's value of 0.90 is 26.8% below this benchmark. Historically, Marriott Vacations Worldwide's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.75 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.23, Marriott Vacations Worldwide has consistently been below 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 1.23, based on 652 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 Vacations Worldwide's current Cyclically Adjusted PB Ratio of 0.90 is 26.8% below 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 Vacations Worldwide and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott Vacations Worldwide's current Cyclically Adjusted PB Ratio is 0.90, which is 49% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marriott Vacations Worldwide stock overvalued right now?
Marriott Vacations Worldwide (MEX:VAC) has a current Cyclically Adjusted PB Ratio of 0.90. The stock's GF Value™ is MXN1,381.18, compared to a current price of MXN1,322.53 — trading 4.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 49% below median its 10-year median of 1.78 and 26.8% below the Travel & Leisure industry median of 1.23. Marriott Vacations Worldwide's overall GF Score™ is 84/100 with 7 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 Vacations Worldwide (MEX:VAC), the current Cyclically Adjusted PB Ratio is 0.90 as of Jul. 13, 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 Vacations Worldwide (MEX:VAC) Overvalued in 2026?

Based on GuruFocus' analysis, Marriott Vacations Worldwide stock appears to be undervalued. The current stock price of MXN1,322.53 is trading 4.2% below its estimated GF Value™ of MXN1,381.18.

Key valuation signals for MEX:VAC:

  • Cyclically Adjusted PB Ratio: 0.90 (49% below median its 10-year median of 1.78)
  • GF Value™: MXN1,381.18 vs. price of MXN1,322.53 (4.2% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 26.8% below the Travel & Leisure median (#340 of 652)

No single metric tells the full story. See the MEX:VAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marriott Vacations Worldwide Business Description

Other Exchanges VAC:USAM8V:Germany
Address 7812 Palm Parkway, Orlando, FL, USA, 32836
Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's majority revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.
84GF Score

Get the complete analysis for MEX:VAC

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,322.53
Price
MXN1,381.18
GF Value