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Marriott International (NAS:MAR) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Marriott International Forward PE Ratio Related Terms
Marriott International Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Marriott International's Forward PE 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 International Forward PE Ratio Chart
Marriott International Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
17.99
20.70
27.78
16.86
23.47
44.25
30.03
18.66
23.31
26.76
27.86
Marriott International Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
17.99
16.18
16.61
17.01
20.70
23.75
24.94
23.26
27.78
25.64
23.20
20.75
16.86
20.66
23.20
18.25
23.47
13.05
82.64
28.99
44.25
59.17
63.69
31.06
30.03
30.86
23.26
17.39
18.66
21.51
22.52
20.41
23.31
26.88
25.64
22.94
26.76
23.30
27.25
23.32
27.86
27.50
MAR vs HLT, H, HTHT: Forward PE Ratio Comparison
For the Lodging subindustry, Marriott International's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Marriott International's Forward PE Ratio falls into.
Marriott International Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Marriott International (MAR) has a Forward PE Ratio of 31.67 as of Jul. 21, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Marriott International and its competitors. According to the industry distribution chart, Marriott International ranks #292 out of 349 companies in the Travel & Leisure industry, placing it in the top 83.7%.
Is Marriott International's Forward PE Ratio too high?
Marriott International's current Forward PE Ratio is 31.67. The Travel & Leisure industry median Forward PE Ratio is 14.83. Marriott International's value of 31.67 is 113.6% above this industry median. Based on the distribution chart, Marriott International ranks #292 out of 349 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. 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 Forward PE Ratio compare to HLT and H?
According to the Travel & Leisure industry distribution chart, Marriott International ranks #292 out of 349 companies for Forward PE Ratio. This places Marriott International in the lower half of its industry. The industry median Forward PE Ratio is 14.83. Marriott International's value of 31.67 is 113.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Travel & Leisure company?
The median Forward PE Ratio among Travel & Leisure companies is 14.83, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marriott International's current Forward PE Ratio of 31.67 is 113.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Marriott International and its competitors. For the Travel & Leisure industry, the median Forward PE Ratio is 14.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott International's current Forward PE Ratio is 31.67. 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 $302.08, compared to a current price of $367.75 — trading 21.7% above its estimated fair value. The current Forward PE Ratio is 31.67 and 113.6% above the Travel & Leisure industry median of 14.83. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Marriott International (MAR), the current Forward PE Ratio is 31.67 as of Jul. 21, 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 $367.75 is trading 21.7% above its estimated GF Value™ of $302.08.
GuruFocus considers Marriott International to be Modestly Overvalued.
Key valuation signals for MAR:
Forward PE Ratio: 31.67
GF Value™: $302.08 vs. price of $367.75 (21.7% above fair value)
Industry Position: 113.6% above the Travel & Leisure median (#292 of 349)
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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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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