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MTN

Vail Resorts Inc. Common Stock (MTN) fair value

Consumer Cyclical · Resorts & Casinos · NYSE · United States
$146.57-1.12%
Market cap $5.2BNext earnings 2026-12-09Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 51% above our fair value
Price
$146.57
Model fair valueConfidence: good
$96.94
Model range
$80.85 to $111
Fair value $96.94
Price $147
3 models fit Vail Resorts Inc. Common Stock and they partly agree: 2 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Silver62
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionVail Resorts Inc. Common Stock (MTN)
Fair value (3 models)
$96.94
ACCE price target
$157
Rating
Overvalued
Horizon
12 months
Fair value published on 18 Oct 2026, 16:04 CEST; previously $99.97 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $147 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
51.2% above
-33.9% to fair value
ACCE score
48
out of 100
Analysts
33% buy
15 covering
P/E
35.3x
forward 22.1x
1-year return
-4.1%
Dividend yield
5.99%

Vail Resorts Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Vail Resorts operates a portfolio of ski resorts (Vail, Whistler Blackcomb, Park City, Stowe and others) and sells season passes, lift tickets, lodging and ancillary dining and retail, with the Epic Pass as the core recurring product. Its moat rests on owning hard-to-replicate mountain real estate and a pass model that locks in revenue before the snow falls. Revenue growth has slowed to 2.5%, and the reported operating margin of -73.7% reflects a large impairment or one-time charge rather than the underlying resort economics, so the figure needs checking before anyone leans on it. At 21.9 times forward earnings against a trailing 37.4, the market is pricing a sharp earnings recovery, and a 26.0% return on equity shows the business has been profitable on a normal basis. The name is worth a deeper look if you believe pass-holder renewals and season-pass pricing can hold up through a softer consumer spend cycle.

AI-assisted·How I use AIWritten Oct 18, 2026

Next results

Dec 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where MTN's valuation models land
Price
$146.57
Model fair value
$96.94
Model range
$80.85 to $111
Fair value $96.94
Price $147
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish33% buy · 15 covering analysts
● Strong buy 5● Buy 0● Hold 8● Sell 1● Strong sell 1
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
1 buy · 0 sells
Since Jun 10, 2026, 1 member
Average delay
22 days
From trade to public filing
Full trade list on ProDo politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-2.9%
1 month
+4.7%
3 months
+0.6%
6 months
+23.1%
YTD
+10.4%
1 year
-4.1%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 16:04 CESTRatingOvervaluedfirst publication$151
18 Oct 2026, 16:04 CESTFair value$96.94$99.97$151
14 Oct 2026, 00:00 CESTFair value$99.97$136$147
10 Oct 2026, 00:00 CESTACCE price target$157first publication$146
9 Oct 2026, 00:00 CESTFair value$136$113$145
6 Oct 2026, 00:00 CESTFair value$113$131$141
1 Oct 2026, 00:00 CESTFair value$131$129$141
27 Sept 2026, 00:00 CESTFair value$129$131$136
19 Sept 2026, 00:00 CESTFair value$131$133$138
14 Sept 2026, 00:00 CESTFair value$133$151$140

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth19Value58Quality52Momentum63Total48
Valuation
Trailing P/E
35.3x
Forward P/E
22.1x
PEG
no data
P/B
9.05x
EV / Revenue
2.8x
Book value/sh
$6.75
Enterprise value
$7.9B
Profitability
ROE
26.0%
FCF yield
4.73%
ROIC
3.3%
Health and risk
Debt / equity
14.23
Dividend yield
5.99%
Beta
0.77

Price

-4.0% · 1Y

Ask anything about MTN

Answered from Vail Resorts Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 0.0x35.3xhigh 35.3x
ROEbetter than 67% of peers
low -561%26%high 109%
Div yieldbetter than 100% of peers
low 0.0%6.0%high 6.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
MTN Vail Resorts Inc. Common Stock$146.57$9751% above35.3x26.0%5248
BYD Boyd Gaming Corporation Common Stock$72.27$12643% below3.1x93.1%8352
RRR Red Rock Resorts Inc. Class A Common Stock$50.43$3738% above17.5x108.9%9450
CZR Caesars Entertainment Inc. Common Stock$29.07----10.4%3854
VAC Marriott Vacations Worldwide Corporation Common Stock$112.93----14.7%4262
WYNN Wynn Resorts Limited Common stock$75.13$6221% above17.6x-560.6%5053
MGM MGM Resorts International Common Stock$29.50$3414% below18.2x18.9%5250

Sector report card

Where MTN ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 13, 2026
    Zoetis Appoints Iris Knobloch to its Board of Directors
  • PR Newswire•Sep 29, 2026
    Vail Resorts Launches Epic Ascent, Bringing Concierge Services and Personalized Experiences to Private Ski Lessons
  • GlobeNewswire•Sep 25, 2026
    ArcelorMittal announces that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following multiple recent missile strikes
12 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 19
8-KCurrent reportPeriod 2026-10-16
View on SEC →
Oct 7
Form 4Insider transactionPeriod 2026-10-03
View on SEC →
Oct 7
Form 4Insider transactionPeriod 2026-10-03
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR