Travel + Leisure Co.
TNL Consumer Cyclical Travel Services
Travel + Leisure Co.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.06% from fiscal 2024. In the quarter to June 2026, revenue grew 4.42%, EPS grew 7.36%, free cash flow was flat and total debt rose 2.20%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Travel + Leisure Co. (TNL) P/E ratio
As of 9 October 2026, Travel + Leisure Co. (TNL) trades at a P/E ratio of 16.7×. Over the past ten years it has ranged from 0.0× (June 2021) to 36.4× (July 2021); the current reading is higher than 89% of that period. That is in line with the Travel Services industry median of 17.3× and in line with the Consumer Cyclical sector median of 17.2×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 20.3× | 137.70% |
| FY2024 | 8.6× | 12.15% |
| FY2023 | 7.6× | (7.72%) |
| FY2022 | 8.3× | (46.93%) |
| FY2021 | 15.6× | — |
| FY2020 | 0.0× | — |
| FY2019 | 9.3× | 76.57% |
| FY2018 | 5.3× | (14.49%) |
| FY2017 | 6.2× | 0.75% |
| FY2016 | 6.1× | (2.76%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 20.4× | 6.93% |
| Mar 2026 | 19.1× | (6.22%) |
| Dec 2025 | 20.3× | 110.81% |
| Sep 2025 | 9.6× | 9.66% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| LIND Lindblad Expeditions compare | n/m |
| TCOM Trip.com Group Limited Sponsored ADR compare | 7.5× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 9.3× |
| CCL Carnival Corporation compare | 11.4× |
| EXPE Expedia Group, Inc. compare | 16.4× |
| TNL Travel + Leisure Co. | 16.7× |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 39.3× |
| MMYT MakeMyTrip Limited compare | 128× |
| TRIP TripAdvisor, Inc. compare | 217× |
| Travel Services industry median | 17.3× |
| Consumer Cyclical sector median | 17.2× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)