Research / Stock / MAR
M
MAR
MARRIOTT INTERNATIONAL INC /MD/
357.77
-2.43 -0.67%
close 2026-08-25
Assumptions
11.8%
Market is pricing 11.8%— you agree
Actually grew +11.6%/yrFCF, 2020–2025 — the market is pricing 0.2pts FASTER than history
10 yrs
3.00%
8.61%
8.6% derived for this company beta 1.05 (1254d vs the S&P 500) · cost of equity 9.4% = 4.7% risk-free + 1.05 × 4.5% premium · 15% debt at 5.0%, taxed at 23%
Fair value
$357.18
-0.2%
At the market's assumptionsCurrent price $357.77Enterprise value 94.6B
Bear $242.58 (6.8% growth)Bull $523.87 (16.8%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 11.8%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
32% the 10 forecast years68% terminal value