NYSE
According to Zyberno, Travel & Leisure Co. (TNL) shows a Value Trap signal — WEAK BUSINESS (32/100) with an apparent Margin of Safety of +30.9%, but a Brina Gap of -4.7% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, Travel & Leisure Co. (TNL) trades at $71.21 against an estimated intrinsic value per share of $103.04 — a +30.9% Margin of Safety based on Owner Earnings of $448.00M TTM, projected at 3.5% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -4.7% weakens the case: based on the company's ROIC (12.8%) and reinvestment rate (-0.9%), the business can fundamentally grow at -0.1% — but the current enterprise value implies the market expects 4.5%. This places TNL in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 11.4% annually.
Over the trailing twelve months, TNL generated $448.00M in Owner Earnings. Capital was deployed as follows: $87.00M returned via share buybacks, $149.00M paid as dividends, $115.00M invested in capital expenditures. Reinvestment rate: -0.9%. Owner Earnings have grown at 3.5% annually over the trailing five years using log-linear regression.