Marriott International Inc (MAR)

Hotels & Motels

Latest Price

$399.65

TTM P/E

41.33

Normalized P/E

45.19

TTM Div Yield

0.52%

Fwd Div Yield

0.52%

Book Value

0.45

P/B Ratio

883.79

Valuation metrics

Norm. op. income: $3.5B (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$102.99

74% downside

Base FCF: $2.0B (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$569.79

+43% upside

EPS: $9.51

Target P/E: 45×

Formula: EPS × P/E

P/E Fair Value

$427.95

+7% upside

62.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	16.05M	$5.95B	6.08%	+558.5K	2026-06-30
Vanguard Capital Management LLC	14.04M	$5.20B	5.32%	+5.4K	2026-06-30
State Street Corp	9.64M	$3.57B	3.65%	+272.0K	2026-06-30
Invesco Ltd.	9.64M	$3.57B	3.65%	+5.36M	2026-06-30
FMR LLC	6.81M	$2.52B	2.58%	-265.3K	2026-06-30
Wellington Management Group LLP	5.47M	$2.03B	2.07%	-374.6K	2026-06-30
Geode Capital Management, LLC	5.35M	$1.97B	2.03%	+41.1K	2026-06-30
Morgan Stanley	4.98M	$1.84B	1.89%	+278.7K	2026-06-30
JPMorgan Chase & Co	4.10M	$1.54B	1.55%	-450.9K	2026-06-30
Vanguard Portfolio Management LLC	4.04M	$1.50B	1.53%	-169.9K	2026-06-30