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GuruFocus has detected 6 Warning Signs with Marriott International Inc $MAR.
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Marriott International Inc (NAS:MAR)
EV-to-EBIT
29.81 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Marriott International Inc's enterprise value is $47,701 Mil. Marriott International Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,600 Mil. Therefore, Marriott International Inc's EV/EBIT ratio for today is 29.81.

MAR' s EV-to-EBIT Range Over the Past 10 Years
Min: -286.8   Max: 31.5
Current: 29.81

-286.8
31.5

During the past 13 years, the highest EV/EBIT Ratio of Marriott International Inc was 31.50. The lowest was -286.80. And the median was 16.30.

MAR's EV-to-EBIT is ranked lower than
76% of the 883 Companies
in the Global Lodging industry.

( Industry Median: 16.87 vs. MAR: 29.81 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Marriott International Inc's enterprise value for the quarter that ended in Mar. 2017 was $43,748 Mil. Marriott International Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $1,600 Mil. Marriott International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 3.66%.


Definition

Marriott International Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=47701.190/1600
=29.81

Marriott International Inc's current Enterprise Value is $47,701 Mil.
Marriott International Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 401 (Jun. 2016 ) + 186 (Sep. 2016 ) + 458 (Dec. 2016 ) + 555 (Mar. 2017 ) = $1,600 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Marriott International Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2017 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=1600/43748.3156
=3.66 %

Marriott International Inc's Enterprise Value for the quarter that ended in Mar. 2017 was $43,748 Mil.
Marriott International Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 401 (Jun. 2016 ) + 186 (Sep. 2016 ) + 458 (Dec. 2016 ) + 555 (Mar. 2017 ) = $1,600 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Marriott International Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 11.1610.94-37.8422.6722.8514.6417.4421.4314.9028.16

Marriott International Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 21.4320.3917.3115.5514.9015.2514.1426.3828.1627.82
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