Marriott International, Inc.’s (NASDAQ:MAR) Business Is Trailing The Market But Its Shares Aren’t
Marriott International, Inc.’s (NASDAQ:MAR) price-to-earnings (or “P/E”) ratio of 23.7x might make it look like a sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 16x and even P/E’s below 9x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
Marriott International certainly has been doing a good job lately as its earnings growth has been positive while most other companies have been seeing their earnings go backwards. It seems that many are expecting the company to continue defying the broader market adversity, which has increased investors’ willingness to pay up for the stock. …
