Travel & Leisure price to book ratio TNL

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 7.2×; Aug 2018
Peer median: 4.2×

Travel & Leisure's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.

It was last meaningful in Aug 2018, at 7.2×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2018	7.2×	5.6×	9.3×
2017	8.5×	4.7×	8.7×
2016	4.7×	3.2×	4.8×
2015	3.7×	3.2×	4.4×
2014	3.4×	2.5×	3.4×
2013	2.6×	1.8×	2.6×
2012	1.6×	1.1×	1.8×
2011	1.1×	0.8×	1.1×
2010	0.8×	0.7×	0.9×

Against its peers

Companies in Travel Lodging nearest Travel & Leisure's size, closest first, today.

Company	Price to book ratio
TNLTravel & Leisure	n/m
CHHChoice Hotels International	34.3×
RRRRed Rock Resorts	30.5×
WHWyndham Hotels & Resorts	11.1×
HGVHilton Grand Vacations	2.5×
SHOSunstone Hotel Investors	1.2×
MGMMGM Resorts International	2.8×
WYNNWynn Resorts	n/m
MCRIMonarch Casino & Resort	3.5×
HHyatt Hotels	4.9×
Peer median	4.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Travel & Leisure

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.