Marriott International (HAM:MAQ) Cyclically Adjusted Revenue per Share: €64.24 (As of Mar. 2026)

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HAM:MAQ Marriott International Inc HAM:MAQ
89 GF Score
Price €325.10
GF Value €258.85
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Marriott International Cyclically Adjusted Revenue per Share?

Marriott International HAM:MAQ +0.62% 89 Cyclically Adjusted Revenue per Share is €64.24 as of Mar. 2026. GuruFocus rates HAM:MAQ with a GF Score™ of 89/100 and a GF Value™ of €258.85 (Modestly Overvalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Marriott International's adjusted revenue per share for the three months ended in Mar. 2026 was €21.573. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €64.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Marriott International's average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Marriott International was 8.30% per year. The lowest was 4.80% per year. And the median was 6.90% per year.

As of today (2026-07-17), Marriott International's current stock price is €325.10. Marriott International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €64.24. Marriott International's Cyclically Adjusted PS Ratio of today is 5.06.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Marriott International was 5.38. The lowest was 1.16. And the median was 2.86.


Marriott International  (HAM:MAQ) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Marriott International's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=325.10/64.24
=5.06

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Marriott International was 5.38. The lowest was 1.16. And the median was 2.86.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Marriott International Cyclically Adjusted Revenue per Share Related Terms


Marriott International Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Marriott International's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Marriott International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.18 55.27 57.41 66.56 62.46

Marriott International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 64.16 60.25 61.91 62.46 64.24

HAM:MAQ vs HLT, H, HTHT: Cyclically Adjusted Revenue per Share Comparison

For the Lodging subindustry, Marriott International's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where Marriott International's Cyclically Adjusted PS Ratio falls into.


HAM:MAQ
89GF Score
Marriott International Inc HAM:MAQ
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marriott International Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Marriott International's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=21.573/330.2130*330.2130
=21.573

Current CPI (Mar. 2026) = 330.2130.

Marriott International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 13.460 241.018 18.441
201609 12.985 241.428 17.760
201612 9.246 241.432 12.646
201703 11.776 243.801 15.950
201706 12.109 244.955 16.324
201709 11.313 246.819 15.135
201712 11.992 246.524 16.063
201803 11.182 249.554 14.796
201806 12.959 251.989 16.982
201809 12.347 252.439 16.151
201812 13.456 251.233 17.686
201903 12.939 254.202 16.808
201906 13.956 256.143 17.992
201909 14.430 256.759 18.558
201912 14.630 256.974 18.800
202003 12.939 258.115 16.553
202006 3.993 257.797 5.115
202009 5.856 260.280 7.429
202012 5.475 260.474 6.941
202103 5.955 264.877 7.424
202106 7.942 271.696 9.653
202109 10.186 274.310 12.262
202112 11.927 278.802 14.126
202203 11.554 287.504 13.270
202206 15.325 296.311 17.078
202209 16.476 296.808 18.330
202212 17.583 296.797 19.563
202303 16.863 301.836 18.448
202306 18.384 305.109 19.897
202309 18.602 307.789 19.957
202312 18.637 306.746 20.063
202403 18.857 312.332 19.937
202406 20.864 314.175 21.929
202409 19.957 315.301 20.901
202412 21.920 315.605 22.935
202503 20.862 319.799 21.541
202506 21.285 322.561 21.790
202509 20.289 324.800 20.627
202512 21.207 324.054 21.610
202603 21.573 330.213 21.573

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €64.24 mean?
Marriott International (HAM:MAQ) has a Cyclically Adjusted Revenue per Share of €64.24 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marriott International and its competitors.
Is Marriott International's Cyclically Adjusted Revenue per Share too high?
Marriott International's current Cyclically Adjusted Revenue per Share is €64.24. Overall, Marriott International has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marriott International's Cyclically Adjusted Revenue per Share compare to HLT and H?
Marriott International's Cyclically Adjusted Revenue per Share of €64.24 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marriott International and its competitors. Marriott International's current Cyclically Adjusted Revenue per Share is €64.24. 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 (HAM:MAQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €258.85, compared to a current price of €325.10 — trading 25.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €64.24. Marriott International's overall GF Score™ is 89/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Marriott International (HAM:MAQ), the current Cyclically Adjusted Revenue per Share is €64.24 as of Mar. 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 (HAM:MAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Marriott International stock appears to be overvalued. The current stock price of €325.10 is trading 25.6% above its estimated GF Value™ of €258.85. GuruFocus considers Marriott International to be Modestly Overvalued.

Key valuation signals for HAM:MAQ:

  • Cyclically Adjusted Revenue per Share: €64.24
  • GF Value™: €258.85 vs. price of €325.10 (25.6% above fair value)
  • GF Score™: 89/100 with 7 warning signs

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


Marriott International Business Description

Address 7750 Wisconsin Avenue, Bethesda, MD, USA, 20814
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.
89GF Score

Get the complete analysis for HAM:MAQ

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

€325.10
Price
€258.85
GF Value