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Marriott International Earnings Yield (Joel Greenblatt) %

: 4.80% (As of Jun. 2022)
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Marriott International's Enterprise Value for the quarter that ended in Jun. 2022 was $53,548 Mil. Marriott International's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $2,572 Mil. Marriott International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 4.80%.

The historical rank and industry rank for Marriott International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

MAR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.1   Med: 4.67   Max: 7.29
Current: 4.27

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Marriott International was 7.29%. The lowest was -0.10%. And the median was 4.67%.

MAR's Earnings Yield (Joel Greenblatt) % is ranked better than
67.73% of 843 companies
in the Travel & Leisure industry
Industry Median: 0.86 vs MAR: 4.27

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Marriott International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was -14.87%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Marriott International Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Marriott International's Earnings Yield (Joel Greenblatt) % 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.

* Premium members only.

Marriott International Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.79 5.85 3.29 -0.04 2.51

Marriott International Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 1.11 1.30 2.51 3.12 4.80

Competitive Comparison

For the Lodging subindustry, Marriott International's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Marriott International's Earnings Yield (Joel Greenblatt) % falls into.



Marriott International Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Marriott Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1600/63762.62964
=2.51 %

Marriott International's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,572 Mil.



Marriott International  (NAS:MAR) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Marriott International Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Marriott International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Marriott International Business Description

Marriott International logo
Address
10400 Fernwood Road, Bethesda, MD, USA, 20817
Marriott operates nearly 1.5 million rooms across roughly 30 brands. Luxury represents 10% of total rooms, while full service, limited service, and time-shares are 43%, 46%, and 2% of all units, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 97% of total rooms. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Executives
Goren Isabella D director C/O LYONDELLBASELL INDUSTRIES N V DELFTSEPLEIN 27E ROTTERDAM P7 3013AA
Breland Benjamin T. officer: EVP & Chief HR Officer 10400 FERNWOOD ROAD BETHESDA MD 20817
Rozanski Horacio director 8283 GREENSBORO DRIVE MCLEAN VA 22102
Lee Felitia officer: Controller and CAO 10400 FERNWOOD ROAD BETHESDA MD 20817
Mccarthy Margaret M director AETNA INC. 151 FARMINGTON AVENUE HARTFORD CT 06156
Brown William P officer: Pres. & Managing Dir., Europe 10400 FERNWOOD ROAD BETHESDA MD 20817
Reiss Rena Hozore officer: EVP & General Counsel 71 SOUTH WACKER DRIVE 12TH FLOOR CHICAGO IL 60606
Duncan Bruce W director ONE NORTH WACKER DRIVE SUITE 4200 CHICAGO IL 60606
Hippeau Eric director STARWOOD HOTELS & RESORTS WORLDWIDE 44 SOUTH BROADWAY WHITE PLAINS NY 10601
Lewis Aylwin B director 111 N. CANAL SUITE 850 CHICAGO IL 60606
Oberg Kathleen K. officer: CFO 10400 FERNWOOD ROAD BETHESDA MD 20817
Smith Craig S. officer: Pres. Mgn. Dir. Asia Pacific 10400 FERNWOOD ROAD BETHESDA MD 20817
Schwab Susan C director 2101 VAN MUNCHING HALL COLLEGE PARK MD 20742
Juliana B. Marriott Marital Trust other: Member of a 10% Group 6106 MACARTHER BOULEVARD SUITE 110 BETHESDA MD 20816
Bauduin Val officer: Controller & CAO 10400 FERNWOOD ROAD BETHESDA MD 20817

Marriott International Headlines

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