Travel & Leisure Co. (TNL)

Hotels & Motels

Latest Price

$66.74

TTM P/E

18.09

Normalized P/E

13.85

Div Yield

3.48%

Book Value

P/B Ratio

Valuation metrics

Base FCF: $390M (median of recent 5yr)

Growth: 7%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$34.23

48% downside

EPS: $3.44

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$48.16

26% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.12M	$543.0M	11.42%	-30.7K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	6.06M	$463.0M	9.73%	+56.7K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.70M	$206.0M	4.34%	+4.0K	2026-06-30
Invesco Ltd.	2.47M	$188.0M	3.96%	+108.6K	2026-06-30
STATE STREET CORP	2.16M	$164.0M	3.46%	+7.6K	2026-06-30
LSV ASSET MANAGEMENT	1.79M	$136.0M	2.87%	+147.9K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.67M	$128.0M	2.69%	+36.5K	2026-06-30
CITADEL ADVISORS LLC	1.57M	$120.0M	2.52%	+415.2K	2026-06-30
Quantinno Capital Management LP	1.41M	$107.0M	2.26%	+101.8K	2026-06-30
MORGAN STANLEY	1.36M	$103.0M	2.18%	+383.1K	2026-06-30