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Whitbread plc WTB.L

GB · London Stock Exchange · XLON · stock · Consumer Cyclical · website

Whitbread plc statistics & valuation

Market cap£4.2B
P / E19.7×
P / S1.4×
P / B1.3×
P / FCF75.3×
Dividend yield4.03%
Net margin7.3%
Return on equity6.8%
FCF margin1.9%
Net debt£5.2B
Enterprise value USD$12.7B
Earnings yield EBIT/EV6.8%
Return on capital7.3%
Graham number -99.1%£22.73

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 (£22.73); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.60% 10.50% 8.70% 7.30% 2023202420252026
Gross margin (%)
64.70% 66.30% 67.60% 69.10% 2023202420252026
Operating margin (%)
20.30% 22.40% 21.20% 21.80% 2023202420252026
Return on equity (%)
6.80% 8.90% 7.60% 6.80% 2023202420252026
Shares outstanding
167.1M 167.1M 167.1M 167.1M 2023202420252026
Net debt (£)
£3.79B £4.40B £4.72B £5.23B 2023202420252026
Share buybacks (£)
£0 £591.1M £264.3M £261.7M 2023202420252026
Return on assets (%)
2.80% 3.30% 2.60% 2.20% 2023202420252026
Free cash flow margin (%)
10.70% 12.50% 9.00% 1.90% 2023202420252026
Debt / equity (×)
1.20× 1.45× 1.69× 1.74× 2023202420252026
EPS (£)
£1.38 £1.60 £1.41 £1.22 2023202420252026

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

P / E vs its own history

Whitbread plc trades at about 2046.6× earnings — near its 10-year norm (10-year range 1741.8×–2172.4×, median 2072.5×).

1741.8× 2172.4×

Shaded band = 10-year range (1741.8×–2172.4×); dot = today's 2046.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin69.1%67.6%66.3%64.7%
Operating margin21.8%21.2%22.4%20.3%
Net margin7.3%8.7%10.5%10.6%
FCF margin1.9%9.0%12.5%10.7%
Return on assets2.2%2.6%3.3%2.8%
Return on equity6.8%7.6%8.9%6.8%
Debt / equity0.30×0.28×0.28×0.24×
Current ratio0.560.911.021.57

Computed from company filings · GB · as of 2026-02-28. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.