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Marriott InternationalFRA:MAQ +0.68%89 ROC (Joel Greenblatt) % is 148.88% as of Mar. 2026, which is 6% above its 10-year median of 140.09. GuruFocus rates FRA:MAQ with a GF Score™ of 89/100 and a GF Value™ of €257.87 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 845 Travel & Leisure companies, Marriott International ranks better than 91.95% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Marriott International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 148.88%.
The historical rank and industry rank for Marriott International's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MAQ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.83 Med: 140.09 Max: 158.43
Current: 152.25
During the past 13 years, Marriott International's highest ROC (Joel Greenblatt) % was 158.43%. The lowest was -0.83%. And the median was 140.09%.
FRA:MAQ's ROC (Joel Greenblatt) % is ranked better than 91.95% of 845
companies
in the Travel & Leisure industry
Industry Median: 10.04
vs FRA:MAQ: 152.25
Marriott International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Marriott International (FRA:MAQ) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Marriott International ROC (Joel Greenblatt) % Related Terms
Marriott International ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Marriott International's ROC (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.
Marriott International ROC (Joel Greenblatt) % Chart
FRA:MAQ vs HLT, H, HTHT: ROC (Joel Greenblatt) % Comparison
For the Lodging subindustry, Marriott International's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (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 ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marriott International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marriott International's ROC (Joel Greenblatt) % falls into.
Marriott International ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 148.88% mean?
Marriott International (FRA:MAQ) has a ROC (Joel Greenblatt) % of 148.88% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Marriott International and its competitors. This is near median its historical median of 140.09. According to the industry distribution chart, Marriott International ranks #68 out of 845 companies in the Travel & Leisure industry, placing it in the top 8%.
Is Marriott International's ROC (Joel Greenblatt) % too high?
Marriott International's current ROC (Joel Greenblatt) % of 148.88% is near median its 10-year median of 140.09. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.04. Marriott International's value of 148.88% is 1382.9% above this industry median. Based on the distribution chart, Marriott International ranks #68 out of 845 companies in the Travel & Leisure industry, which is in the top quartile — a strong position 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 ROC (Joel Greenblatt) % compare to HLT and H?
According to the Travel & Leisure industry distribution chart, Marriott International ranks #68 out of 845 companies for ROC (Joel Greenblatt) %. This places Marriott International in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.04. Marriott International's value of 148.88% is 1382.9% above this benchmark. While the company's 10-year median is 140.09 vs. the industry median of 10.04, 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 ROC (Joel Greenblatt) % for a Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.04, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marriott International's current ROC (Joel Greenblatt) % of 148.88% is 1382.9% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Marriott International and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott International's current ROC (Joel Greenblatt) % is 148.88%, which is near median its own 10-year median of 140.09. 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 (FRA:MAQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €257.87, compared to a current price of €318.00 — trading 23.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 148.88%, which is near median its 10-year median of 140.09 and 1382.9% above the Travel & Leisure industry median of 10.04. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Marriott International (FRA:MAQ), the current ROC (Joel Greenblatt) % is 148.88% 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 (FRA:MAQ) Overvalued in 2026?
Based on GuruFocus' analysis, Marriott International stock appears to be overvalued.
The current stock price of €318.00 is trading 23.3% above its estimated GF Value™ of €257.87.
GuruFocus considers Marriott International to be Modestly Overvalued.
Key valuation signals for FRA:MAQ:
ROC (Joel Greenblatt) %: 148.88% (near median its 10-year median of 140.09)
GF Value™: €257.87 vs. price of €318.00 (23.3% above fair value)
Industry Position: 1382.9% above the Travel & Leisure median (#68 of 845)
No single metric tells the full story. See the FRA:MAQ 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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