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Global Business Travel Group (NYSE:GBTG) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Global Business Travel Group Return-on-Tangible-Asset Related Terms
Global Business Travel Group Return-on-Tangible-Asset 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.
Global Business Travel Group Return-on-Tangible-Asset Chart
GBTG vs TNL, MMYT, NCLH: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, Global Business Travel Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Global Business Travel Group Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Global Business Travel Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Business Travel Group's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.30% mean?
Global Business Travel Group (GBTG) has a Return-on-Tangible-Asset of 2.30% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Global Business Travel Group and its competitors. According to the industry distribution chart, Global Business Travel Group ranks #373 out of 853 companies in the Travel & Leisure industry, placing it in the top 43.7%.
Is Global Business Travel Group's Return-on-Tangible-Asset too high?
Global Business Travel Group's current Return-on-Tangible-Asset is 2.30%. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.77. Global Business Travel Group's value of 2.30% is 17% below this industry median. Based on the distribution chart, Global Business Travel Group ranks #373 out of 853 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Global Business Travel Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Business Travel Group's Return-on-Tangible-Asset compare to TNL and MMYT?
According to the Travel & Leisure industry distribution chart, Global Business Travel Group ranks #373 out of 853 companies for Return-on-Tangible-Asset. This puts Global Business Travel Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.77. Global Business Travel Group's value of 2.30% is 17% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.77, based on 853 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Business Travel Group's current Return-on-Tangible-Asset of 2.30% is 17% below 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Global Business Travel Group and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Business Travel Group's current Return-on-Tangible-Asset is 2.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Business Travel Group stock overvalued right now?
Based on GuruFocus' analysis, Global Business Travel Group (GBTG) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.93, compared to a current price of $9.48 — trading 19.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.30% and 17% below the Travel & Leisure industry median of 2.77. Global Business Travel Group's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Global Business Travel Group (GBTG), the current Return-on-Tangible-Asset is 2.30% as of Jun. 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 Global Business Travel Group (GBTG) Overvalued in 2026?
Based on GuruFocus' analysis, Global Business Travel Group stock appears to be overvalued.
The current stock price of $9.48 is trading 19.5% above its estimated GF Value™ of $7.93.
GuruFocus considers Global Business Travel Group to be Modestly Overvalued.
Key valuation signals for GBTG:
Return-on-Tangible-Asset: 2.30%
GF Value™: $7.93 vs. price of $9.48 (19.5% above fair value)
Industry Position: 17% below the Travel & Leisure median (#373 of 853)
No single metric tells the full story. See the GBTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Business Travel Group Inc operates as a business-to-business travel platform. It is engaged in providing software and services to manage travel, expenses, and meetings and events for companies of all sizes. The company is engaged in building the marketplace in B2B travel to deliver unrivaled choice, value, and experiences. It also provides business travel solutions, simplified travel management, and business consulting services. Further, The company generates revenue in two ways that involves fees and other revenues relating to processing and servicing travel transactions received from clients and travel suppliers and revenues for the provision of products and professional services not directly related to transactions received from clients, travel suppliers and Network Partners.
70GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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