Hilton Grand Vacations Inc. (HGV) Stock

Hilton Grand Vacations Inc. (HGV) is a Consumer Discretionary stock trading at $44.77 (as of 2026-08-20), with a market capitalization of $3.48B and a trailing P/E of 23.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hilton Grand Vacations Inc. is a vacation ownership company that develops, markets, sells, and manages resorts primarily under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing and Resort Operations and Club Management, offering vacation ownership interests, managing resorts and clubs, and providing related financing, exchange, and reservation services to members.

Understand Hilton Grand Vacations Inc.: how it makes money

Hilton Grand Vacations develops, markets, sells, and manages vacation ownership resorts, and makes money from real estate sales and related financing, plus resort operations and club management.

Profit generation is driven by converting vacation ownership sales and financing into recognized real estate revenue, while the resort and points-based club operating business provides ongoing management and ancillary revenue.

Revenue by segment (latest quarter)
RealEstFin	$0.8B
ResortClub	$0.4B

Business quality (Weak): Clear two-segment structure with inventory and contract-sales pipeline visibility, but earnings depend on sale conversion and the timing of revenue recognition.

Valuation: At 29× earnings, HGV trades in line with the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

Two revenue engines tied to the vacation ownership lifecycle: The company reports Real Estate Sales and Financing, and Resort Operations and Club Management, so it earns both from selling vacation ownership interests and from operating and managing resorts and clubs.
Sale readiness is trackable with pipeline inventory metrics: Investors can look at Pipeline inventory currently available for sale and Contract sales pipeline inventory currently available for sale to gauge the available inventory that could translate into future contract sales.

Bear case

Real estate sales and financing are central to the model: A large share of reported revenue comes from Real Estate Sales and Financing, so weaker sales conversion or slower recognition of sales could pressure results.
Revenue timing matters: The company reports Revenue recognition from project openings (ASC 606) as a component of revenue, which highlights that earnings can be influenced by when projects open and when revenue is recognized.

Valuation — source: SEC EDGAR (first-party)
Price	$44.77
Market Cap	$3.48B
P/E Ratio	23.0
EV / EBITDA	14.9
Price / Book	2.77
Price / Sales	0.66
FCF Yield	11.9%
DCF Value (model)	$71.85
DCF Upside vs Price	60.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$5.05B
Net Margin	1.6%
Revenue Growth (YoY)	7.3%
EPS Growth (YoY)	-42.3%
FCF Growth (YoY)	184.8%

Valuation vs Sector & Industry
Stock P/E	23.0
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Restaurants, Hotels & Motels)	26.6
vs Sector	12.5%
vs Industry	-13.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Apollo Management Holdings, L.P. ($713.78M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Restaurants, Hotels & Motels
CEO	Mark D. Wang
Employees	21,800
Country	US
IPO Date	2017-01-04

Related Companies (Business model: Hotels & Lodging (Asset-Light Franchisors and Asset-Heavy Lodging REITs); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.