Vail Resorts, Inc. (MTN) is a publicly traded company in the Consumer Cyclical — Gambling, Resorts & Casinos industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Vail Resorts, Inc., operating through its various subsidiary entities, oversees a portfolio of mountain resorts and urban ski areas located across the United States. The company's business activities are structured into three distinct segments: Mountain, Lodging, and Real Estate. The Mountain division is responsible for managing 37 prominent mountain destinations and regional ski facilities.
Is Vail Resorts, Inc. stock overvalued or undervalued in 2026?
Vail Resorts, Inc. (MTN) trades at 36.9× earnings (P/E), above the median of the 209 consumer cyclicals companies over $2bn in Kaplio's universe. At the decade median (28.0×) $115 (-24 %); at its sector median (17.9×) $74 (-52 %).
Kaplio overview: Vail Resorts, Inc.
Market cap $5B · 52 weeks $119 – $162 (3 % below the high) · P/E 36.9× · 2027 expected P/E 27.1× · Dividend 5.6 % · 4 years rising · Next earnings December 9, 2026 · expected EPS $-5.49 · Closing price, Oct 30 · accounts published Sep 28.
- Valuation: P/E 36.9× (expensive).
- Business: 5-year ROIC 8.0 % (weak).
- Balance sheet: Net debt/EBITDA 7.4× (fragile).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (28.0×) $115 (-24 %); at its sector median (17.9×) $74 (-52 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in consumer cyclicals: 4 of 8 pass
- 5y avg ROIC 8.0 %, fails.
- Net debt / EBITDA 7.4×, fails.
- Current Ratio 0.80, fails.
- Altman Z-Score 1.5, fails.
- 5y avg operating margin 18.4 %, passes.
- Inventory turnover 12.3×, passes.
- P/E read in reverse (cyclicals) 36.9×, passes.
- EV/Sales vs history 3.0×, passes.
Against its peers (reference peers) — Vail Resorts, Inc.: P/E 36.9×; EV/EBITDA 11.7×; ROIC 7.0 %; $5.4B. Super Group (SGHC) Limited (P/E 14.6×; EV/EBITDA 8.1×; ROIC 39.8 %; $5.4B), Boyd Gaming Corporation (P/E 11.0×; EV/EBITDA 8.1×; ROIC 11.3 %; $5.3B), Churchill Downs Incorporated (P/E 16.3×; EV/EBITDA 8.8×; ROIC 8.1 %; $6.6B).
Expensive or cheap against its last ten years?
P/E at each close: today 36.9× · median 28.0× · minimum 15.8× · maximum 56.3× · cheap below 25.1× · expensive above 40.5×. It has been cheaper than today 75% of the time over its last ten years.
Dividend
fragile · Yield 5.6 % ($8.88 per share in 2026) · Years raising it 4 · 5-year growth +9 % a year · Free cash flow coverage 1.0× · With $1,000 invested today you'd collect $56.40 a year ($4.70 a month).
Profitability
| Return on Equity | 47.19% |
| Return on Invested Capital | 6.95% |
| Return on Assets | 2.67% |
| Gross Margin | 41.75% |
| Operating Margin | 14.82% |
| Net Margin | 5.20% |
Financial Health
| Debt / Equity | 14.23 |
| Current Ratio | 0.80 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.50 |
Price Performance
| 1 month | +11.18% |
| 3 months | +3.45% |
| Year-to-date | +16.36% |
| 1 year | +4.18% |
| 3 years | -26.82% |
| 5 years | -56.44% |
| 10 years | -1.21% |
Dividend History
Paid in the last 12 months: $8.8800 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-08 | $2.2200 |
| 2026-06-25 | $2.2200 |
| 2026-03-26 | $2.2200 |
| 2025-12-30 | $2.2200 |
| 2025-10-09 | $2.2200 |
| 2025-06-24 | $2.2200 |
| 2025-03-27 | $2.2200 |
| 2024-12-26 | $2.2200 |
| 2024-10-08 | $2.2200 |
| 2024-06-25 | $2.2200 |
Amounts adjusted for stock splits.
Related companies: URBN · CHDN · REYN · BYD · WH · LEA · LTH · SGHC
Explore sector: Consumer Cyclical · Gambling, Resorts & Casinos
More sections of MTN: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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