Flight Centre Travel GroupASX:FLT -0.58%75 PB Ratio is 2.16 as of Jun. 26, 2026, which is 29% below its 10-year median of 3.06. GuruFocus rates ASX:FLT with a GF Score™ of 75/100 and a GF Value™ of A$23.22 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 795 Travel & Leisure companies, Flight Centre Travel Group ranks worse than 65.03% on this metric.
The historical rank and industry rank for Flight Centre Travel Group's PB Ratio or its related term are showing as below:
ASX:FLT'
s PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 3.06 Max: 5.56
Current: 2.16
During the past 13 years, Flight Centre Travel Group's highest PB Ratio was 5.56. The lowest was 0.69. And the median was 3.06.
ASX:FLT's PB Ratio is ranked worse than 65.03% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.48
vs ASX:FLT: 2.16
During the past 12 months, Flight Centre Travel Group's average Book Value Per Share Growth Rate was -0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -11.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Flight Centre Travel Group was 49.30% per year. The lowest was -33.20% per year. And the median was 10.80% per year.
Back to Basics: PB Ratio
Flight Centre Travel Group (ASX:FLT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Flight Centre Travel Group PB Ratio Related Terms
Flight Centre Travel Group PB Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Travel Services subindustry, Flight Centre Travel Group's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flight Centre Travel Group PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Flight Centre Travel Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Flight Centre Travel Group (ASX:FLT) has a PB Ratio of 2.16 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flight Centre Travel Group and its competitors. This is 29% below median its historical median of 3.06. Over the past decade, Flight Centre Travel Group's PB Ratio has ranged from 0.69 to 5.56. According to the industry distribution chart, Flight Centre Travel Group ranks #517 out of 795 companies in the Travel & Leisure industry, placing it in the top 65%.
Is Flight Centre Travel Group's PB Ratio too high?
Flight Centre Travel Group's current PB Ratio of 2.16 is 29% below median its 10-year median of 3.06. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 5.56. The Travel & Leisure industry median PB Ratio is 1.48. Flight Centre Travel Group's value of 2.16 is 45.9% above this industry median. Based on the distribution chart, Flight Centre Travel Group ranks #517 out of 795 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Flight Centre Travel Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flight Centre Travel Group's PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Flight Centre Travel Group ranks #517 out of 795 companies for PB Ratio. This places Flight Centre Travel Group in the lower half of its industry. The industry median PB Ratio is 1.48. Flight Centre Travel Group's value of 2.16 is 45.9% above this benchmark. Historically, Flight Centre Travel Group's own PB Ratio has ranged from 0.69 to 5.56 over the past decade. While the company's 10-year median is 3.06 vs. the industry median of 1.48, Flight Centre Travel Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.48, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flight Centre Travel Group's current PB Ratio of 2.16 is 45.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flight Centre Travel Group and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flight Centre Travel Group's current PB Ratio is 2.16, which is 29% below median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flight Centre Travel Group stock overvalued right now?
Based on GuruFocus' analysis, Flight Centre Travel Group (ASX:FLT) is currently considered Possible Value Trap. The stock's GF Value™ is A$23.22, compared to a current price of A$11.99 — trading 48.4% below its estimated fair value. The current PB Ratio is 2.16, which is 29% below median its 10-year median of 3.06 and 45.9% above the Travel & Leisure industry median of 1.48. Flight Centre Travel Group's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Flight Centre Travel Group (ASX:FLT), the current PB Ratio is 2.16 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Flight Centre Travel Group (ASX:FLT) Overvalued in 2026?
Based on GuruFocus' analysis, Flight Centre Travel Group stock appears to be undervalued.
The current stock price of A$11.99 is trading 48.4% below its estimated GF Value™ of A$23.22.
GuruFocus considers Flight Centre Travel Group to be Possible Value Trap.
Key valuation signals for ASX:FLT:
PB Ratio: 2.16 (29% below median its 10-year median of 3.06)
GF Value™: A$23.22 vs. price of A$11.99 (48.4% below fair value)
Industry Position: 45.9% above the Travel & Leisure median (#517 of 795)
No single metric tells the full story. See the ASX:FLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flight Centre Travel is one of the largest travel intermediaries in the world. The group generates around half of its total transaction value, or TTV, from the corporate unit, with the other half from the leisure market and ancillary travel-related businesses. In corporate travel, Flight Centre is a global Top 4 agent operating in over 100 countries, with different brands catering to various customer segments (small and midsize businesses to large enterprises). In leisure, Flight Centre operates an extensive network of shops while also runs online channels and deal with independent agents. Over half of group TTV is generated in Australia and New Zealand, 20% from Americas, just under 20% from Europe, and the rest from Asia.
75GF Score
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