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Marriott InternationalMAR +2.73%89 Debt-to-EBITDA is 3.53 as of Mar. 2026, which is 0% below its 10-year median of 3.54. GuruFocus rates MAR with a GF Score™ of 89/100 and a GF Value™ of $302.47 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 647 Travel & Leisure companies, Marriott International ranks worse than 63.21% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Marriott International's Debt-to-EBITDA or its related term are showing as below:
MAR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.32 Med: 3.54 Max: 24.51
Current: 3.52
During the past 13 years, the highest Debt-to-EBITDA Ratio of Marriott International was 24.51. The lowest was 2.32. And the median was 3.54.
MAR's Debt-to-EBITDA is ranked worse than 63.21% of 647
companies
in the Travel & Leisure industry
Industry Median: 2.55
vs MAR: 3.52
Marriott International (NAS:MAR) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Marriott International Debt-to-EBITDA Related Terms
Marriott International Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Marriott International's Debt-to-EBITDA 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.
For the Lodging subindustry, Marriott International's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Marriott International's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Marriott International (MAR) has a Debt-to-EBITDA of 3.53 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marriott International. This is near median its historical median of 3.54. Over the past decade, Marriott International's Debt-to-EBITDA has ranged from 2.32 to 24.51. According to the industry distribution chart, Marriott International ranks #409 out of 647 companies in the Travel & Leisure industry, placing it in the top 63.2%.
Is Marriott International's Debt-to-EBITDA too high?
Marriott International's current Debt-to-EBITDA of 3.53 is near median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 24.51. The Travel & Leisure industry median Debt-to-EBITDA is 2.55. Marriott International's value of 3.53 is 38.4% above this industry median. Based on the distribution chart, Marriott International ranks #409 out of 647 companies in the Travel & Leisure industry, which is below the industry midpoint. 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 Debt-to-EBITDA compare to HLT and H?
According to the Travel & Leisure industry distribution chart, Marriott International ranks #409 out of 647 companies for Debt-to-EBITDA. This places Marriott International in the lower half of its industry. The industry median Debt-to-EBITDA is 2.55. Marriott International's value of 3.53 is 38.4% above this benchmark. Historically, Marriott International's own Debt-to-EBITDA has ranged from 2.32 to 24.51 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 2.55, 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 Debt-to-EBITDA for a Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.55, based on 647 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marriott International's current Debt-to-EBITDA of 3.53 is 38.4% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marriott International. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott International's current Debt-to-EBITDA is 3.53, which is near median its own 10-year median of 3.54. 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 (MAR) is currently considered Modestly Overvalued. The stock's GF Value™ is $302.47, compared to a current price of $374.43 — trading 23.8% above its estimated fair value. The current Debt-to-EBITDA is 3.53, which is near median its 10-year median of 3.54 and 38.4% above the Travel & Leisure industry median of 2.55. Marriott International's overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Marriott International (MAR), the current Debt-to-EBITDA is 3.53 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 (MAR) Overvalued in 2026?
Based on GuruFocus' analysis, Marriott International stock appears to be overvalued.
The current stock price of $374.43 is trading 23.8% above its estimated GF Value™ of $302.47.
GuruFocus considers Marriott International to be Modestly Overvalued.
Key valuation signals for MAR:
Debt-to-EBITDA: 3.53 (near median its 10-year median of 3.54)
GF Value™: $302.47 vs. price of $374.43 (23.8% above fair value)
Industry Position: 38.4% above the Travel & Leisure median (#409 of 647)
No single metric tells the full story. See the MAR 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.
89GF Score
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