Global Business Travel (GBTG) Price to Book (2022 - 2026)
Global Business Travel's Price to Book was 2.98 in Q2 2026, up 19.3% from 2.50 a year earlier and up 65.4% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Price to Book (2022 - 2026) Analysis & Trends
For FY2025, Price to Book at Global Business Travel came in at 2.49, down 39.9% from FY2024.
- In earlier years, Price to Book was 4.13 in FY2024 (+67.1%), 2.47 in FY2023 (+8.7%) and 2.28 in FY2022.
- The Q2 2026 figure marks the highest quarterly Price to Book since Q1 2025.
- Compared with a year earlier, Price to Book was higher in four of the last eight quarters, with growth averaging 9.3%.
- The best year-over-year quarter for Price to Book over five years was Q4 2024 (growth of 67.1%); the worst was Q1 2026 (a decline of 41.5%).
- Per Business Quant data, GBTG's Price to Book in the three quarters before Q2 2026 was 1.80 (Q1 2026), 2.49 (Q4 2025) and 2.77 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn |
| 9 | H World | 12.83 Bn | 3.76 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 | 2.98 |
| Mar 31, 2026 | 1.80 |
| Dec 31, 2025 | 2.49 |
| Sep 30, 2025 | 2.77 |
| Jun 30, 2025 | 2.50 |
| Mar 31, 2025 | 3.08 |
| Dec 31, 2024 | 4.13 |
| Sep 30, 2024 | 3.27 |
| Jun 30, 2024 | 2.56 |
| Mar 31, 2024 | 2.42 |
| Dec 31, 2023 | 2.47 |
| Sep 30, 2023 | 2.05 |
| Jun 30, 2023 | 2.51 |
| Mar 31, 2023 | 2.28 |
| Dec 31, 2022 | 2.28 |
| Sep 30, 2022 | 2.19 |
API Access
Global Business Travel Price to Book 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=price-to-book&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();