What is Travel + Leisure's EV / EBITDA?

Travel + Leisure (TNL) reported EV / EBITDA of 12.2× in Q1 2026.

How has Travel + Leisure's EV / EBITDA changed year-over-year?

Travel + Leisure's EV / EBITDA increased by 50.4% year-over-year, from 8.1× to 12.2×.

What is the long-term trend for Travel + Leisure's EV / EBITDA?

Over 5 years (2020 to 2025), Travel + Leisure's EV / EBITDA has grown at a -49.7% compound annual growth rate (CAGR), from 344.8× to 11.1×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Travel + Leisure TNL EV / EBITDA

EV / EBITDA at other companies

Expedia Group, Inc.EXPE

8.9×-1.3×

AirbnbABNB

23.3×—

Walt DisneyDIS

14×-1.2×

Hyatt HotelsH

25.1×+16.3×

Wyndham Hotels & Resorts, Inc.WH

17.2×+1.9×

Hilton WorldwideHLT

27.2×+0.9×

Other financials

Income statement

See full

Revenue$961.0M+2.9%

Gross profit$926.0M+1.6%

Operating income$159.0M+1.9%

Net income$79.0M+8.2%

EPS (diluted)$1.22+14.0%

Balance sheet

See full

Cash & equivalents$456.0M+24.3%

Total debt$4.7B+11.9%

Total equity-$1.0B-13.2%

Total assets$6.8B+1.1%

Cash flow

See full

Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

See full

Market cap$4.79B+39.8%

Enterprise value$9.04B+23.7%

P/E12.9×+2.3×

P/S1.2×+0.3×

Profitability

See full

Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

Returns & leverage

See full

Return on equity122.1%—

Debt / equity6.6×—

Current ratio1.2×—

Where this comes from

Calculated from Travel + Leisure’s reported figures.

enterprise value/ebitda=12.2×

Based on the most recent quarter.

The official record: Travel + Leisure’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

Ask your AI about Travel + Leisure's ev / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Travel + Leisure's EV / EBITDA?: Travel + Leisure (TNL) reported EV / EBITDA of 12.2× in Q1 2026.
How has Travel + Leisure's EV / EBITDA changed year-over-year?: Travel + Leisure's EV / EBITDA increased by 50.4% year-over-year, from 8.1× to 12.2×.
What is the long-term trend for Travel + Leisure's EV / EBITDA?: Over 5 years (2020 to 2025), Travel + Leisure's EV / EBITDA has grown at a -49.7% compound annual growth rate (CAGR), from 344.8× to 11.1×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.