Travel + Leisure
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
9.787.96
Price/Sales ratio
1.281.18
Earnings per Share (EPS)
$6.18$7.59

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.146.326.206.185.279.38-15.2615.528.507.359.075.27
Price/Sales ratio
0.910.690.671.060.901.171.781.520.850.770.900.90
Price/Book Value ratio
3.854.075.316.13-6.17-8.98-3.96-5.96-3.32-3.17-4.09-6.17
Price/Cash Flow ratio
4.913.903.895.458.0110.5310.328.416.868.326.8110.53
Price/Free Cash Flow ratio
6.455.034.846.4510.3313.8312.669.357.7810.558.0713.83
Price/Earnings Growth ratio
0.300.270.840.11-0.26-0.430.09-0.060.470.290.13-0.26
Dividend Yield
3.70%5.22%5.88%4.49%5.47%3.48%3.57%2.27%4.44%4.67%3.95%3.95%
Profitability Indicator Ratios
Gross Profit Margin
52.58%51.22%51.20%52.36%51.33%52.01%42.91%49.04%48.44%48.55%64.09%51.33%
Operating Profit Margin
17.81%18.33%18.87%14.02%13.30%20.08%4.39%19.71%18.30%19.2%19.66%13.30%
Pretax Profit Margin
16.00%16.54%16.78%11.62%10.07%16.81%-12.77%13.68%13.62%12.93%12.58%10.07%
Net Profit Margin
10.01%11.05%10.91%17.15%17.09%12.54%-11.71%9.82%10.00%10.56%10.15%12.54%
Effective Tax Rate
37.39%33.18%34.89%-38.81%32.82%28.08%8.33%27.03%26.74%19.38%19.29%28.08%
Return on Assets
5.46%6.29%6.22%8.37%9.38%6.80%-3.32%4.67%5.28%5.87%5.80%6.80%
Return On Equity
42.15%64.42%85.57%99.20%-117.07%-95.66%25.94%-38.45%-39.10%-43.13%-43.33%-117.07%
Return on Capital Employed
12.02%13.08%13.57%9.05%9.49%13.22%1.37%11.38%11.61%12.82%13.90%9.49%
Liquidity Ratios
Current Ratio
1.000.950.891.163.084.117.17N/AN/AN/A3.543.08
Quick Ratio
0.790.750.691.002.433.175.972.823.133.182.602.43
Cash ratio
0.090.080.090.030.130.271.670.310.480.250.150.13
Days of Sales Outstanding
61.9956.5641.59222.62293.22294.67438.84284.17258.88281.58263.40294.67
Days of Inventory outstanding
44.0239.8742.0851.32233.53225.58398.74277.92236.78214.76320.66233.53
Operating Cycle
106.0196.4483.67273.94526.76520.25837.59562.09495.67496.34584.07526.76
Days of Payables Outstanding
56.1253.2628.4535.0212.5913.7318.3514.1712.9013.8114.612.59
Cash Conversion Cycle
49.8943.1855.21238.92514.17506.52819.23547.92482.76482.53569.47514.17
Debt Ratios
Debt Ratio
0.520.220.220.57N/A0.710.760.800.830.830.820.82
Debt Equity Ratio
4.022.283.026.84N/A-10.02-5.93-6.62-6.16-6.12-6.44-6.44
Long-term Debt to Capitalization
0.790.660.730.86N/A1.111.201.171.221.221.181.18
Total Debt to Capitalization
0.800.690.750.87N/A1.111.201.171.191.191.181.18
Interest Coverage Ratio
8.738.227.886.564.455.090.38N/AN/AN/A2.915.09
Cash Flow to Debt Ratio
0.190.450.440.16N/A0.080.060.100.070.060.090.08
Company Equity Multiplier
7.7110.2213.7511.84-12.47-14.06-7.80-8.22-7.40-7.33-7.77-12.47
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.180.170.170.190.110.110.170.180.120.090.130.11
Free Cash Flow / Operating Cash Flow Ratio
0.760.770.800.840.770.760.810.890.880.780.820.77
Cash Flow Coverage Ratio
0.190.450.440.16N/A0.080.060.100.070.060.090.08
Short Term Coverage Ratio
3.773.914.483.07N/AN/AN/AN/A0.700.65N/AN/A
Dividend Payout Ratio
33.83%33.00%36.49%27.78%28.86%32.74%-54.54%35.38%37.81%34.34%35.98%28.86%