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Global Business Travel Group, Inc. GBTG

NYSE · stock · Transportation Services · website · IPO 2020-11-23

Global Business Travel Group, Inc. statistics & valuation

Market cap$4.9B
P / S1.8×
P / B3.1×
P / FCF47.3×
FCF margin3.8%
Net debt$984.0M
Net debt / EBITDA3.1×
Enterprise value USD$5.9B
EV / EBITDA18.3×
Earnings yield EBIT/EV2.2%
Return on capital3.7%
Graham number -57.4%$4.02

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($4.02); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2019202020212022202320242025
Operating margin (%)
-94.20% -73.40% -10.70% -0.30% 4.70% 4.80% 2019202020212022202320242025
Return on equity (%)
0.00% -2.00% 0.50% 2019202020212022202320242025
Shares outstanding
445.7M 467.1M 470.9M 492.8M 2019202020212022202320242025
Net debt ($)
$504.0M $919.0M $886.0M $848.0M $984.0M 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
-99.90% -2.40% 0.20% 2019202020212022202320242025
Free cash flow margin (%)
-37.50% -72.90% -26.40% 2.10% 6.80% 3.80% 2019202020212022202320242025
Debt / equity (×)
0.76× 0.89× 1.12× 1.31× 0.88× 2019202020212022202320242025
EPS ($)
-$0.51 -$0.30 -$0.30 $0.22 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin4.8%4.7%-0.3%-10.7%-73.4%-94.2%—
Net margin————0.8%-2.5%—
FCF margin3.8%6.8%2.1%-26.4%-72.9%-37.5%—
Return on assets————0.2%-2.4%-99.9%
Return on equity————0.5%-2.0%-0.0%
Debt / equity0.88×1.31×1.12×0.89×0.76×——
Current ratio1.141.641.641.601.460.61—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.