Global Business Travel Group Inc (GBTG) - Net Assets
Based on the latest financial reports, Global Business Travel Group Inc (GBTG) has net assets worth $1.66 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.08 Billion) and total liabilities ($3.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Global Business Travel Group Inc (GBTG) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.66 Billion |
| % of Total Assets | 32.76% |
| Annual Growth Rate | -0.21% |
| 5-Year Change | 11.18% |
| 10-Year Change | N/A |
| Growth Volatility | 36.14 |
Global Business Travel Group Inc - Net Assets Trend (2019–2025)
This chart illustrates how Global Business Travel Group Inc's net assets have evolved over time, based on quarterly financial data. See Global Business Travel Group Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Global Business Travel Group Inc (2019–2025)
The table below shows the annual net assets of Global Business Travel Group Inc from 2019 to 2025. For live valuation and market cap data, see GBTG company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.66 Billion | +57.14% |
| 2024-12-31 | $1.06 Billion | -12.79% |
| 2023-12-31 | $1.21 Billion | -11.60% |
| 2022-12-31 | $1.37 Billion | -8.23% |
| 2021-12-31 | $1.49 Billion | +51.83% |
| 2020-12-31 | $984.00 Million | -41.50% |
| 2019-12-31 | $1.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Business Travel Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5738.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-75.00 Million | -4.66% |
| Other Components | $3.15 Billion | 195.83% |
| Total Equity | $1.61 Billion | 100.00% |
Global Business Travel Group Inc Competitors by Market Cap
The table below lists competitors of Global Business Travel Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhuzhou Hongda Electronics Corp Ltd Class A
SHE:300726
|
$4.88 Billion |
|
BRD Groupe Societe Generale SA
RO:BRD
|
$4.88 Billion |
|
CSPC Innovation Pharmaceutical Co Ltd Class A
SHE:300765
|
$4.88 Billion |
|
CTS Eventim AG & Co. KGaA
XETRA:EVD
|
$4.89 Billion |
|
PERSIMMON UNSPON. ADR 2
F:OHP0
|
$4.87 Billion |
|
LEENO Industrial Inc
KQ:058470
|
$4.87 Billion |
|
DELEK GP SP.ADR/1/01/O.N
F:6D40
|
$4.87 Billion |
|
Dairy Farm International Holdings Limited
F:DFA1
|
$4.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Business Travel Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,051,000,000 to 1,608,000,000, a change of 557,000,000 (53.0%).
- Net income of 109,000,000 contributed positively to equity growth.
- Share repurchases of 73,000,000 reduced equity.
- Other comprehensive income increased equity by 71,000,000.
- Other factors increased equity by 450,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.00 Million | +6.78% |
| Share Repurchases | $73.00 Million | -4.54% |
| Other Comprehensive Income | $71.00 Million | +4.42% |
| Other Changes | $450.00 Million | +27.99% |
| Total Change | $- | 53.00% |
Book Value vs Market Value Analysis
This analysis compares Global Business Travel Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.72x to 3.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $13.03 | $9.36 | x |
| 2020-12-31 | $2.34 | $9.36 | x |
| 2021-12-31 | $3.56 | $9.36 | x |
| 2022-12-31 | $0.36 | $9.36 | x |
| 2023-12-31 | $2.64 | $9.36 | x |
| 2024-12-31 | $2.27 | $9.36 | x |
| 2025-12-31 | $3.07 | $9.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Business Travel Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.01%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 3.06x
- Recent ROE (6.78%) is above the historical average (-16.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.99% | 6.32% | 0.68x | 1.84x | $-33.80 Million |
| 2020 | -62.59% | -77.43% | 0.29x | 2.81x | $-712.10 Million |
| 2021 | -31.28% | -61.21% | 0.19x | 2.69x | $-616.30 Million |
| 2022 | -16.45% | -1.35% | 0.44x | 27.51x | $-40.20 Million |
| 2023 | -5.22% | -2.75% | 0.61x | 3.11x | $-183.80 Million |
| 2024 | -13.13% | -5.70% | 0.67x | 3.45x | $-243.10 Million |
| 2025 | 6.78% | 4.01% | 0.55x | 3.06x | $-51.80 Million |
Industry Comparison
This section compares Global Business Travel Group Inc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $6,876,378,112
- Average return on equity (ROE) among peers: -13.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Business Travel Group Inc (GBTG) | $1.66 Billion | 7.99% | 2.05x | $4.88 Billion |
| Airbnb Inc (ABNB) | $2.90 Billion | -158.00% | 2.62x | $59.15 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $2.81 Million | -19.64% | 1.26x | $29.50 Million |
| Booking Holdings Inc (BKNG) | $6.18 Billion | 18.86% | 2.83x | $127.07 Billion |
| Carnival Corporation (CCL) | $25.36 Billion | 11.79% | 0.78x | $36.54 Billion |
| Carnival Plc ADS (CUK) | $25.36 Billion | 11.79% | 0.78x | $3.89 Billion |
| Despegar.com Corp (DESP) | $-94.41 Million | 0.00% | 0.00x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $2.39 Billion | 11.73% | 1.97x | $26.58 Billion |
| Inspirato Inc (ISPO) | $-106.41 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $-113.77 Million | 0.00% | 0.00x | $1.49 Billion |
About Global Business Travel Group Inc
Global Business Travel Group, Inc. operates as a technology and services company in the United States, the United Kingdom, and internationally. The company offers the Amex GBT marketplace for fares and rates; travel solutions, such as Amex GBT Egencia for businesses needing a configurable digital travel and expense platform; Complete by SAP Concur and Amex GBT, a co-developed travel and expense s… Read more