# Vail Resorts Inc. (MTN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $134.96, market value $4.8 billion.

## Valuation
- **P/E (trailing): 29.1×** (5-yr avg 35.4×, 3-yr avg 25.1×). Vail Resorts Inc. trades at 29.1× trailing earnings, close to its own five-year average of 35.4×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 21.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.90**. A PEG of 0.90 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 8.7×**. The shares trade at 8.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 10.3×**. Enterprise value is 10.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.6%** (5-yr avg 5.4%). Free cash flow equals 3.6% of the market value, below its five-year average of 5.4%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Operating margin: 15.2%**. 15.2% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.4%**. 9.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 66.0%**. A 66.0% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 11.0%**. Return on all capital, debt included, is 11.0%.
- **Return on assets: 2.7%**. Each dollar of assets produces 2.7% of profit.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr 5.5%/yr, 5-yr 8.6%/yr). Revenue grew 2.7% over the last year, against 8.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 23.6%** (3-yr -4.1%/yr, 5-yr 25.5%/yr). Earnings per share rose 23.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -14.8%/yr**. Free cash flow has compounded at -14.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 7.35**. Debt is 7.35 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.7×**. It would take 3.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.51**. A Z-score of 1.51 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 6.58%** ($8.88 per share, trailing). Vail Resorts Inc. yields 6.58%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 117%** (181% of free cash flow). The dividend exceeds earnings (117% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 38.2%/yr** (1-yr 0.0%). The dividend has compounded at 38.2% a year over five years, doubling roughly every 2 years at that pace.

## Price and momentum
- **Total return (1 yr): -9.5%** (YTD 5.0%, 3-mo 1.3%). The shares are down 9.5% over twelve months including dividends.
- **From 52-week high: -17.4%** (13.9% above the low). Trading 17% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 0.52** (volatility 38%). Beta of 0.52 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MTN · Page: https://foliofundamentals.com/stocks/mtn

Not investment advice.