Vail Resorts, Inc. (MTN)
Consumer Cyclical · NYQ
Price as at 5 Sept 2026, 14:21 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Vail Resorts, Inc. trades at USD134.96, which is 57% above the USD57.62 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 38 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 31.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MTN dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD4.44 | 2 |
| 2025 | USD8.88 | 4 |
| 2024 | USD8.88 | 4 |
| 2023 | USD8.24 | 4 |
| 2022 | USD7.64 | 4 |
| 2021 | USD1.76 | 2 |
| 2020 | USD1.76 | 1 |
| 2019 | USD7.04 | 4 |
| 2018 | USD5.88 | 4 |
| 2017 | USD4.21 | 4 |
| 2016 | USD3.24 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MTN earnings and analyst estimates
Recommendation mix, 12 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Vail Resorts, Inc.
Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally. It operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates destination mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. Its lodging segment owns and manages various luxury hotels and condominiums under the RockResorts brand; operates other lodging properties and various condominiums; and offers resort ground transportation services. The Real Estate segment owns, develops, and sells real estate properties. Vail Resorts, Inc. was founded in 1962 and is based in Broomfield, Colorado.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MTN passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- First Pacific Advisors, First Pacific Advisors, LP$177.67M · 2.2% of book
- Bill Nygren, HARRIS ASSOCIATES L P$104.07M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$29.35M · 0.0% of book
- Joel Greenblatt, Gotham Asset Management, LLC$22.94M · 0.1% of book
- John Rogers, ARIEL INVESTMENTS, LLC$14.86M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Vail Resorts, Inc. (MTN) undervalued?
Against our fair value estimate of USD57.62, MTN at USD134.96 is 57% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MTN?
11 of the institutions we track reported a position in MTN in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MTN's P/E ratio?
MTN trades at 31.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Vail Resorts, Inc. (MTN) pay a dividend?
Yes. Vail Resorts, Inc. yields 6.13% at the current share price. It has paid USD8.88 per share over the trailing twelve months. It has paid a dividend in each of the last 15 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does MTN report earnings next?
Vail Resorts, Inc. is scheduled to report on 28 Sept 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its MTN data?
Fundamentals for MTN come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 5 Sept 2026, 14:21 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MTN, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.