MAR EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MAR's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
MAR EV/EBITDA by year
Yearly range of MAR’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 11.7 to 187.7, averaging 29.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 21.8 | 23.8 | 26.3 | 22.9 |
| 2025 | 16.6 | 20.0 | 23.0 | 21.7 |
| 2024 | 17.4 | 20.2 | 23.5 | 21.3 |
| 2023 | 14.6 | 16.3 | 18.0 | 17.7 |
| 2022 | 15.9 | 24.6 | 37.1 | 16.8 |
| 2021 | 34.0 | 103.1 | 187.7 | 34.0 |
| 2020 | 13.6 | 27.6 | 116.7 | 116.7 |
| 2019 | 14.2 | 20.1 | 25.7 | 25.7 |
| 2018 | 11.7 | 14.6 | 16.9 | 15.0 |
| 2017 | 16.9 | 23.0 | 28.3 | 20.4 |
| 2016 | 13.3 | 18.5 | 21.9 | 21.2 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is MAR EV/EBITDA High or Low Right Now?
Marriott International, Inc.'s EV/EBITDA is currently 22.9, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for MAR is approximately 20.6. See all MAR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.