Travel + Leisure Co. (TNL) is a Consumer Discretionary stock trading at $76.28 (as of 2026-07-27), with a market capitalization of $4.76B and a trailing P/E of 12.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Travel + Leisure Co. and its subsidiaries provide hospitality services and related products in the U.S. and internationally through two segments: Vacation Ownership and Travel and Membership. Vacation Ownership sells vacation ownership interests, arranges related consumer financing, and manages resort properties, while Travel and Membership operates vacation exchange and home exchange offerings, travel technology and membership services, and direct-to-consumer rentals for consumers.
Travel + Leisure Co. provides hospitality services and products, selling vacation ownership interests (VOIs) to consumers and operating vacation exchange and membership travel businesses. It makes money through VOI sales, consumer financing tied to VOI purchases, property management services at resorts, and fees from travel and exchange memberships.
The profit model is built on the VOI installed base, where upfront VOI sales create future monetization through ongoing property management and travel exchange or membership-related revenue, captured by the company’s reported "Embedded revenue potential".
| VOI | $0.9B |
| Travel & Mbr | $0.2B |
Business quality (Weak): Clear, two-segment business model (Vacation Ownership and Travel and Membership) with an operating focus indicator ("Embedded revenue potential"). The main limitation in the provided data is the lack of explicit segment margin or cash flow detail for every segment.
Valuation: At 19× earnings, TNL trades 31% below the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.
| Price | $76.28 |
| Market Cap | $4.76B |
| P/E Ratio | 12.6 |
| EV / EBITDA | 11.5 |
| Price / Sales | 1.18 |
| FCF Yield | 14.3% |
| DCF Value (model) | $71.88 |
| DCF Upside vs Price | -5.8% |
| Revenue (TTM) | $4.02B |
| Net Margin | 5.7% |
| Revenue Growth (YoY) | 4.1% |
| EPS Growth (YoY) | -40.2% |
| FCF Growth (YoY) | 36.6% |
| Stock P/E | 12.6 |
| Sector P/E (Consumer Discretionary) | 21.8 |
| Industry P/E (Restaurants, Hotels & Motels) | 26.5 |
| vs Sector | -42.3% |
| vs Industry | -52.5% |
| Top Institutional Holder | VANGUARD GROUP INC ($671.42M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 5 |
| Sector | Consumer Discretionary |
| Industry | Restaurants, Hotels & Motels |
| CEO | Michael D. Brown |
| Employees | 19,000 |
| Country | US |
| IPO Date | 2006-07-19 |
Data as of 2026-07-27.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.