Question 1

What is Marriott International's P/B ratio?

Accepted Answer

Marriott International (MAR) P/B ratio is 448.3× as of July 31, 2023. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Marriott International?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Marriott International specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

Is Marriott International's P/B ratio high or low?

Accepted Answer

Marriott International's P/B ratio of 448.3× is above its own 5-year average of 87.2× and above the sector median of 4.2×. That places the current reading at the 100th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Marriott International's historical P/B ratio range?

Accepted Answer

In the available daily series, Marriott International (MAR) P/B ratio has ranged from a low of 2.0× in 2002 to a high of 448.3× in 2023. The 5-year average is 87.2× and the 5-year median is 47.8×.

Question 7

What was Marriott International's P/B ratio in 2022?

Accepted Answer

Marriott International (MAR) P/B ratio at the end of 2022 was 83.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Marriott International's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$83.30B	−$3.77B	—	—	Dec 31, 2025
2024	$77.80B	−$2.99B	—	—	Dec 31, 2024
2023	$66.37B	−$682.00M	—	—	Dec 31, 2023
2022	$47.12B	$568.00M	83.0×	+44.7×	Dec 31, 2022
2021	$54.13B	$1.41B	38.3×	-61.8×	Dec 31, 2021
2020	$43.03B	$430.00M	100.1×	+29.5×	Dec 31, 2020
2019	$49.62B	$703.00M	70.6×	+53.9×	Dec 31, 2019
2018	$37.12B	$2.23B	16.7×	+2.8×	Dec 31, 2018
2017	$49.56B	$3.58B	13.8×	+7.8×	Dec 31, 2017
2016	$32.07B	$5.36B	6.0×	—	Dec 31, 2016
2015	$17.22B	−$3.59B	—	—	Dec 31, 2015
2014	$22.04B	−$2.20B	—	—	Dec 31, 2014
2013	$14.78B	−$1.42B	—	—	Dec 31, 2013
2012	$11.65B	−$1.28B	—	—	Dec 31, 2012
2011	$9.65B	−$781.00M	—	—	Dec 31, 2011
2010	$14.32B	$1.58B	9.0×	+1.0×	Dec 31, 2010
2009	$9.21B	$1.14B	8.1×	+3.4×	Dec 31, 2009
2008	$6.38B	$1.38B	4.6×	-3.9×	Dec 31, 2008
2007	$12.24B	$1.43B	8.6×	+1.4×	Dec 31, 2007
2006	$18.89B	$2.62B	7.2×	+2.9×	Dec 31, 2006
2005	$13.91B	$3.25B	4.3×	+0.8×	Dec 31, 2005
2004	$14.22B	$4.08B	3.5×	+0.7×	Dec 31, 2004
2003	$10.71B	$3.84B	2.8×	+0.7×	Dec 31, 2003
2002	$7.45B	$3.57B	2.1×	-0.5×	Dec 31, 2002
2001	$9.16B	$3.48B	2.6×	—	Dec 31, 2001


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Marriott International (MAR)

P/B Ratio daily chart for Marriott International (MAR)

Historical P/B Ratio for Marriott International (MAR) from 2001 to 2025

About P/B Ratio at Marriott International (MAR)

Marriott International P/B Ratio by Year

Marriott International P/B Ratio 2022: 83.0×

Marriott International P/B Ratio 2021: 38.3×

Marriott International P/B Ratio 2020: 100.1×

Marriott International P/B Ratio 2019: 70.6×

Marriott International P/B Ratio 2018: 16.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Marriott International (MAR) Key Financials

P/B Ratio daily chart for Marriott International (MAR)

Historical P/B Ratio for Marriott International (MAR) from 2001 to 2025

About P/B Ratio at Marriott International (MAR)

Marriott International P/B Ratio by Year

Marriott International P/B Ratio 2022: 83.0×

Marriott International P/B Ratio 2021: 38.3×

Marriott International P/B Ratio 2020: 100.1×

Marriott International P/B Ratio 2019: 70.6×

Marriott International P/B Ratio 2018: 16.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Marriott International's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Marriott International?

+Is Marriott International's P/B ratio high or low?

+What is Marriott International's historical P/B ratio range?

+What was Marriott International's P/B ratio in 2022?

+Why does Marriott International's P/B ratio change over time?

Marriott International (MAR) Key Financials