Valuation Discrepancies

Valuation models present a mixed picture. A discounted‑cash‑flow calculation places the intrinsic value at roughly $232.51 per share, an 18.5 % discount to the current market price. By contrast, the earnings‑multiple approach shows a price‑to‑earnings ratio of about 30.0×, higher than the hospitality industry and peer averages. A Fair Ratio model argues for a more appropriate P/E of 23.9×. In a separate assessment the fair value sits at $196.04 against the recent close of $189.50, indicating modest undervaluation.