Global Business Travel Group, Inc. (GBTG) Stock

Global Business Travel Group, Inc. (GBTG) is a Industrials stock trading at $9.46 (as of 2026-08-21), with a market capitalization of $4.94B and a trailing P/E of 205.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Global Business Travel Group, Inc. operates a B2B business travel platform that provides technology-enabled solutions for companies and business travelers. The platform supports travel management along with related expense and meetings/events functions, serving corporate clients, travel content suppliers, and third-party travel agencies.

Understand Global Business Travel Group, Inc.: how it makes money

Global Business Travel Group provides a B2B travel platform for companies and travelers, managing travel, expenses, and meetings and events, and generating revenue from its travel business and from product and professional services.

The profit engine is recurring corporate travel platform value, where keeping customers and driving more activity onto the platform (online adoption and transaction share) supports steadier revenue.

Business quality (Mixed): The company shows strong customer retention and high platform usage indicators, but the KPI set also highlights that revenue recovery is still partial, and the data provided does not show meaningful average savings from AI rate cap yet.

Valuation: At 58× earnings, GBTG trades 232% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • High customer retention: Customer Retention Rate is reported at 96 percent, which supports the idea of recurring demand in the platform model.
  • Platform adoption remains strong: Online Adoption is reported at 76 percent, and Transactions on Proprietary Software Platforms Share is reported at 60 percent, indicating more of the travel flow is handled on the company platform.

Bear case

  • Recovery is not fully at pre-period levels: Revenue Recovery is reported at 75 percent of 2019 pro forma levels, and Transaction Recovery in Asia Pacific is reported at 87 percent of 2019 pro forma levels.
  • Limited evidence of AI savings per booking in the provided metrics: AI Hotel Dynamic Rate Cap Average Savings per Booking is reported as 0.0, which can suggest that this specific AI monetization lever is not yet contributing materially.
Valuation — source: SEC EDGAR (first-party)
Price$9.46
Market Cap$4.94B
P/E Ratio205.9
EV / EBITDA21.0
Price / Book3.00
Price / Sales1.64
FCF Yield3.9%
DCF Value (model)$5.30
DCF Upside vs Price-44.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.72B
Net Margin4.1%
Revenue Growth (YoY)12.2%
EPS Growth (YoY)-173.3%
FCF Growth (YoY)-37.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.17 (distress)
Valuation vs Sector & Industry
Stock P/E205.9
Sector P/E (Industrials)25.9
Industry P/E (Transportation)16.9
vs Sector696.4%
vs Industry1117.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAMERICAN EXPRESS CO ($880.45M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryTransportation
CEOPaul Gordon Abbott
Employees19,000
CountryUS
IPO Date2022-08-18

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GBTG earnings history · GBTG institutional & insider holders · GBTG KPIs & operating metrics · GBTG financials · GBTG investor presentations & press releases · GBTG SEC filings · GBTG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.