Global Business Travel Group GBTG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 2.7%-3.7pp | 4.8%0.0pp | 5.2%— | 6%— | 6.3%— | |
| Net margin | 3.1%+4.7pp | 4.1%+9.6pp | 0.6%+7.5pp | -2.1%-0.2pp | -1.6%+3.9pp | |
| Returns | ||||||
| Return on equity | 6.6%+10.1pp | 8.3%+20.2pp | 1.1%+15.2pp | -4.3%+2.3pp | -3.5%+15.7pp | |
| Return on invested capital | 3.3%-0.5pp | 5.6%0.0pp | 2.8%-0.8pp | 3.5%+0.7pp | 3.7%+3.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.2×-0.4× | 1.1×-0.5× | 1.2×-0.3× | 1.7×0.0× | 1.6×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1×-0.3× | 0.9×-0.5× | 1×-0.4× | 1.2×0.0× | 1.3×+0.1× | |
| Net debt / EBITDA | 4×+1.2× | 3.3×+0.2× | 3.5×0.0× | 2.7×-1.1× | 2.8×-2.0× | |
| Per Share | ||||||
| Book value per share | $3.10+32.3% | $3.26+43.6% | $3.15+32.1% | $2.53-2.0% | $2.34-7.7% | |
| Valuation | ||||||
| Market capitalization | $2.92B-15.8% | $4B-8.3% | $4.28B+20.3% | $3.03B-1.2% | $3.47B+25.3% | |
| Price / earnings | 32.5×— | 36.1×— | 305.5×— | —— | —— | |
| Price / sales | 1×-0.4× | 1.5×-0.3× | 1.7×+0.2× | 1.2×-0.1× | 1.4×+0.2× | |
| Price / book | 1.8×-1.3× | 2.5×-1.7× | 2.8×-0.4× | 2.5×0.0× | 3.1×+0.7× | |
| EV / EBITDA | 14.1×+0.6× | 15.8×-2.3× | 17.6×+0.7× | 12.4×-4.1× | 13.5×-5.0× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Global Business Travel Group's ratios come from?
- Every ratio is computed from Global Business Travel Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
