Travel & Leisure (TNL) EV to EBITDA (2010 - 2026)
Travel & Leisure's (TNL) EV to EBITDA stood at 6.81 in Q2 2026, up 78.2% from 3.82 a year earlier and up 7.5% from the prior quarter.
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Analysis
Travel & Leisure (TNL) EV to EBITDA (2010 - 2026) Analysis & Trends
For FY2025, Travel & Leisure's EV to EBITDA came in at 6.13, up 62.4% from FY2024.
- Annual EV to EBITDA has increased for three straight years.
- Across earlier years, EV to EBITDA came in at 3.77 in FY2024 (+25.8%), 3.00 in FY2023 (+1.5%), 2.96 in FY2022 (-49.9%) and 5.90 in FY2021 (-95.4%).
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q3 2021.
- On a year-over-year basis, EV to EBITDA has increased for eight consecutive quarters, with growth averaging 36.1% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 78.2% in Q2 2026, against a decline of 95.6% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.33 (Q1 2026), 6.13 (Q4 2025) and 4.24 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 101.76 Bn | 99.81 Bn | 1.55 Bn |
| 2 | Royal Caribbean Cruises | 79.16 Bn | 76.30 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 76.91 Bn | 73.67 Bn | 3.05 Bn |
| 4 | Viking Holdings | 38.51 Bn | 23.64 Bn | 996.62 Mn |
| 5 | Carnival | 37.29 Bn | 30.49 Bn | - |
| 6 | Intercontinental Hotels | 27.35 Bn | 23.32 Bn | - |
| 7 | Trip.com | 25.72 Bn | -19.08 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 16.30 Bn | 13.78 Bn | 388.00 Mn |
| 9 | H World | 14.30 Bn | 5.73 Bn | 456.00 Mn |
| 10 | Travel & Leisure | 4.05 Bn | 4.05 Bn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.55 |
| Jun 30, 2026 | 6.81 |
| Mar 31, 2026 | 6.33 |
| Dec 31, 2025 | 6.13 |
| Sep 30, 2025 | 4.24 |
| Jun 30, 2025 | 3.82 |
| Mar 31, 2025 | 3.59 |
| Dec 31, 2024 | 3.77 |
| Sep 30, 2024 | 3.55 |
| Jun 30, 2024 | 3.50 |
| Mar 31, 2024 | 3.57 |
| Dec 31, 2023 | 3.00 |
| Sep 30, 2023 | 3.04 |
| Jun 30, 2023 | 3.54 |
| Mar 31, 2023 | 3.54 |
| Dec 31, 2022 | 2.96 |
| Sep 30, 2022 | 3.23 |
| Jun 30, 2022 | 3.75 |
| Mar 31, 2022 | 5.93 |
| Dec 31, 2021 | 5.89 |
API Access
Travel & Leisure EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();