Hilton Grand Vacations Inc. (HGV) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+163.0%

$108.42

vs $41.23 price

Levered DCF

$51.57

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.62

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	49.72×	84.67×	14.15×	12.93×	29.61×	-13.28×	14.15×	8.6×
P/B	3.12×	2.27×	2.09×	2.11×	2.61×	7.14×	5.36×	4.16×
P/S	0.8×	0.8×	1.11×	1.19×	2.23×	2.99×	1.66×	1.28×
EV / EBITDA	14.23×	14.54×	10.04×	9.43×	18.19×	-21.54×	12.63×	8.13×
Gross margin	56.7%	56.9%	30.9%	33.2%	36.6%	17.0%	28.7%	34.3%
Operating margin	11.1%	14.0%	17.2%	18.1%	21.3%	0.0%	17.1%	21.7%
Net margin	1.6%	0.9%	7.9%	9.2%	7.5%	-22.5%	11.8%	14.9%
Current ratio	5.2×	4.87×	4.39×	3.6×	4.81×	3.89×	4.83×	3.81×
Debt / equity	5.7×	4.01×	2.17×	1.79×	2.18×	5.33×	2.9×	2.21×
Interest coverage	1.8×	2.12×	3.84×	4.89×	4.74×	0×	7.33×	14.47×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.3%	2.7%	14.8%	16.4%	8.9%	-53.7%	37.9%	48.4%
Return on invested capital	3.1%	3.0%	6.3%	7.4%	4.6%	0.0%	9.4%	14.4%
Return on assets	0.7%	0.4%	3.6%	4.4%	2.2%	-6.4%	7.0%	10.8%
Free cash flow yield	5.7%	4.6%	5.4%	14.3%	2.9%	1.8%	2.7%	-8.7%
Earnings yield	2.0%	1.2%	7.1%	7.7%	3.4%	-7.5%	7.1%	11.6%
Enterprise value	$10.8B	$10.7B	$8.4B	$8.2B	$9.1B	$4.1B	$4.6B	$3.8B
Net debt / EBITDA	8.93×	9.13×	4.77×	4.18×	7.79×	-7.64×	4.32×	2.68×
Cash conversion cycle (days)	656	597	407	372	613	782	413	365