Global Business Travel (GBTG) EV to CFO (2023 - 2026)
Global Business Travel's (GBTG) EV to CFO stood at 17.73 in Q2 2026, up 90.3% from 9.32 a year earlier and up 16.2% from the prior quarter.
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Analysis
Global Business Travel (GBTG) EV to CFO (2023 - 2026) Analysis & Trends
On a TTM basis, Global Business Travel's EV to CFO came in at 12.52 as of Jun 30, 2026, up 301.3% year-over-year; for FY2025, it came in at 15.55, up 10.2% from FY2024.
- Across earlier years, EV to CFO came in at 14.12 in FY2024 (-9.5%) and 15.60 in FY2023.
- The Q2 2026 figure is the highest quarterly EV to CFO since Q3 2023.
- On a year-over-year basis, EV to CFO has increased for six consecutive quarters, with growth averaging 20.5% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 90.3% in Q2 2026, against a decline of 45.4% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.26 (Q1 2026), 15.55 (Q4 2025) and 15.56 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.73 |
| Mar 31, 2026 | 15.26 |
| Dec 31, 2025 | 15.55 |
| Sep 30, 2025 | 15.56 |
| Jun 30, 2025 | 9.32 |
| Mar 31, 2025 | 10.61 |
| Dec 31, 2024 | 14.12 |
| Sep 30, 2024 | 11.68 |
| Jun 30, 2024 | 8.29 |
| Mar 31, 2024 | 8.22 |
| Dec 31, 2023 | 15.60 |
| Sep 30, 2023 | 21.40 |
API Access
Global Business Travel EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();