| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 41 | — | 17.8x | Around median | |
Growth | 9 | -1.4% | 7.1% | Bottom tier | |
Quality | 17 | 0.9% | 4.5% | Bottom tier | |
Safety | 30 | 11.3x | 2.6x | Bottom tier | |
Capital Return | 35 | 6.54% | 2.12% | Bottom tier | |
Momentum | 93 | 26.2% | 2.9% | Top tier | |
Sentiment | 74 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Park Hotels & Resorts Inc. is a hotel real estate company focused on owning large, high-quality hotels and resorts in markets such as Hawaii, Orlando, Key West, Miami, Washington D.C., and Chicago. The company generates revenue from rooms, food and beverages, meetings, and events, with significant reliance on Hilton and its ecosystem; management stated that 85% to 90% of the portfolio's business comes from Hilton, while the remainder is split between Marriott and Hyatt. The company is working to increase returns from its core assets through transformational renovations, while selling non-core hotels and reducing its future capital requirements.
In the second quarter of fiscal year 2026, total hotel revenue increased 6%, and hotel adjusted earnings before interest, taxes, depreciation, and amortization rose nearly 9% to $204 million, with a margin of approximately 32%, up 80 basis points year over year. Company-level adjusted earnings before interest, taxes, depreciation, and amortization reached $198 million, while adjusted funds from operations amounted to $0.70 per share. Portfolio RevPAR grew approximately 6% to $217, or nearly 7% excluding Royal Palm South Beach, driven by a 9.5% increase in group room revenue and more than 13% growth in transient leisure demand.
The latest available EDGAR filings show that first-quarter fiscal year 2026 revenue totaled $622 million, with net income of $11 million and earnings per share of $0.05. However, fiscal year 2025 results remained significantly weaker, as the company recorded revenue of $2.5 billion, a net loss of $283 million, and negative earnings per share of $1.43; the net loss for the twelve-month period ending in fiscal year 2026 was approximately $215 million. Operationally, resorts led performance in the second quarter of fiscal year 2026, with RevPAR growth exceeding 9% excluding Royal Palm, compared with growth of approximately 4% for the urban portfolio, while Hawaii recorded growth of approximately 9%.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on PK stock is “Neutral,” with an average price target of $15.20, within a range of $14 to $18; the average is below the 52-week range high of $16.20, while the highest target exceeds that high by approximately 11%. No usable price-to-earnings multiple is available because of negative earnings per share of $1.075 for the twelve-month period ending in fiscal year 2026, so the valuation depends more heavily on improving operating earnings, reducing leverage, and achieving the targeted returns from Royal Palm and Hawaii.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Portfolio RevPAR increased approximately 6% to $217, or nearly 7% excluding Royal Palm South Beach. Group room revenue increased 9.5%, transient leisure demand rose by more than 13%, and total hotel revenue grew 6%. As a result, hotel adjusted earnings before interest, taxes, depreciation, and amortization increased approximately 9% to $204 million, and the margin improved by 80 basis points to approximately 32%.
Park reopened Royal Palm South Beach on July 22, 2026, after a project that cost more than $100 million and took 15 months. The project included renovating 393 rooms, adding 11 rooms and four new food and beverage concepts, and upgrading meeting spaces. Management expects performance to stabilize within two years and sees the potential to double the property's earnings before interest, taxes, depreciation, and amortization to approximately $28 million, but the fiscal year 2026 outlook assumes only a modest contribution during the second half.
The company raised its fiscal year 2026 RevPAR growth range to 3%–4.5%, an increase of approximately 225 basis points at the midpoint. It also raised the adjusted earnings before interest, taxes, depreciation, and amortization range to $617–637 million and the adjusted funds from operations range to $1.90–2.00 per share. The outlook reflects expense growth of 3%–4%, along with a $3.5 million reduction in second-half earnings before interest, taxes, depreciation, and amortization due to the disposition of three non-core hotels.
RevPAR in Hawaii increased approximately 9% in the second quarter of fiscal year 2026, while Hilton Hawaiian Village recorded growth of approximately 12% and an increase of more than 13% in earnings before interest, taxes, depreciation, and amortization. Management aims to narrow Hawaii's earnings gap of approximately $60–70 million relative to the 2023 peak, supported by the renovations of Rainbow Tower and Palace Tower and the approximately $100 million Ali’i Tower project. Conversely, the partial closure of Honolulu Convention Center through 2027 remains a headwind for citywide event demand.
Net debt was approximately $3.7 billion at the end of the second quarter of fiscal year 2026, and the ratio of net debt to earnings before interest, taxes, depreciation, and amortization reached 6.1 times. The ratio was 0.2 times lower than in the previous quarter, and liquidity totaled $2.6 billion, including $260 million in cash. The company intends to use delayed-draw facilities and proceeds from the Bonnet Creek financing to repay the $1.27 billion Hilton Hawaiian Village mortgage in September 2026, with a plan to refinance the Hilton Santa Barbara mortgage during fiscal year 2026.
Since announcing its plan to exit non-core assets in early 2025, Park has sold or disposed of 10 hotels out of 19 for proceeds of approximately $200 million and at an average multiple of approximately 12.5 times earnings before interest, taxes, depreciation, and amortization. Since the spin-off, total assets sold or disposed of have reached 55 for more than $3 billion. The remaining non-core assets represent less than 5% of the portfolio's value, but the sales of three hotels completed between May and July 2026 will reduce second-half earnings before interest, taxes, depreciation, and amortization by approximately $3.5 million.
