Marriott Vacations WorldwideVAC +0.37%84 ROC (Joel Greenblatt) % is 37.59% as of Mar. 2026, which is 25% above its 10-year median of 30.19. GuruFocus rates VAC with a GF Score™ of 84/100 and a GF Value™ of $102.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 844 Travel & Leisure companies, Marriott Vacations Worldwide ranks worse than 86.61% 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 Vacations Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.59%.
The historical rank and industry rank for Marriott Vacations Worldwide's ROC (Joel Greenblatt) % or its related term are showing as below:
VAC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.07 Med: 30.19 Max: 59.25
Current: -15.86
During the past 13 years, Marriott Vacations Worldwide's highest ROC (Joel Greenblatt) % was 59.25%. The lowest was -18.07%. And the median was 30.19%.
VAC's ROC (Joel Greenblatt) % is ranked worse than 86.61% of 844
companies
in the Travel & Leisure industry
Industry Median: 10.08
vs VAC: -15.86
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.
* 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.
VAC vs RRR, PENN, HGV: ROC (Joel Greenblatt) % Comparison
For the Resorts & Casinos subindustry, Marriott Vacations Worldwide'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 Vacations Worldwide ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marriott Vacations Worldwide's ROC (Joel Greenblatt) % falls into.
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 37.59% mean?
Marriott Vacations Worldwide (VAC) has a ROC (Joel Greenblatt) % of 37.59% 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 Vacations Worldwide and its competitors. This is 25% above median its historical median of 30.19. According to the industry distribution chart, Marriott Vacations Worldwide ranks #731 out of 844 companies in the Travel & Leisure industry, placing it in the top 86.6%.
Is Marriott Vacations Worldwide's ROC (Joel Greenblatt) % too high?
Marriott Vacations Worldwide's current ROC (Joel Greenblatt) % of 37.59% is 25% above median its 10-year median of 30.19. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.08. Marriott Vacations Worldwide's value of 37.59% is 272.9% above this industry median. Based on the distribution chart, Marriott Vacations Worldwide ranks #731 out of 844 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Marriott Vacations Worldwide has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marriott Vacations Worldwide's ROC (Joel Greenblatt) % compare to RRR and PENN?
According to the Travel & Leisure industry distribution chart, Marriott Vacations Worldwide ranks #731 out of 844 companies for ROC (Joel Greenblatt) %. This places Marriott Vacations Worldwide in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.08. Marriott Vacations Worldwide's value of 37.59% is 272.9% above this benchmark. While the company's 10-year median is 30.19 vs. the industry median of 10.08, Marriott Vacations Worldwide 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 10.08, based on 844 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 Vacations Worldwide's current ROC (Joel Greenblatt) % of 37.59% is 272.9% 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 Vacations Worldwide and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marriott Vacations Worldwide's current ROC (Joel Greenblatt) % is 37.59%, which is 25% above median its own 10-year median of 30.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marriott Vacations Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Marriott Vacations Worldwide (VAC) is currently considered Fairly Valued. The stock's GF Value™ is $102.48, compared to a current price of $100.25 — trading 2.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.59%, which is 25% above median its 10-year median of 30.19 and 272.9% above the Travel & Leisure industry median of 10.08. Marriott Vacations Worldwide's overall GF Score™ is 84/100 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 Vacations Worldwide (VAC), the current ROC (Joel Greenblatt) % is 37.59% 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 Vacations Worldwide (VAC) Overvalued in 2026?
Based on GuruFocus' analysis, Marriott Vacations Worldwide stock appears to be undervalued.
The current stock price of $100.25 is trading 2.2% below its estimated GF Value™ of $102.48.
GuruFocus considers Marriott Vacations Worldwide to be Fairly Valued.
Key valuation signals for VAC:
ROC (Joel Greenblatt) %: 37.59% (25% above median its 10-year median of 30.19)
GF Value™: $102.48 vs. price of $100.25 (2.2% below fair value)
Industry Position: 272.9% above the Travel & Leisure median (#731 of 844)
No single metric tells the full story. See the VAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's majority revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.
84GF Score
Get the complete analysis for VAC
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VAC has been successfully added to your 
