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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Global Business Travel Group's annualized return on capital (ROC %) for the quarter that ended in Jun. 2026 was 6.26%.
As of today (2026-09-06), Global Business Travel Group's WACC % is 14.20%. Global Business Travel Group's ROC % is 5.64% (calculated using TTM income statement data).
Global Business Travel Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Global Business Travel Group (NYSE:GBTG) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Global Business Travel Group's WACC % is 14.20%. Global Business Travel Group's ROC % is 5.64% (calculated using TTM income statement data).
Global Business Travel Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Global Business Travel Group ROC % Related Terms
Global Business Travel Group ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Jun. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (GBTG) has a ROC % of 6.26% as of Jun. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Global Business Travel Group and its competitors.
Is Global Business Travel Group's ROC % too high?
Global Business Travel Group's current ROC % is 6.26%. The Travel & Leisure industry median ROC % is 3.76. Global Business Travel Group's value of 6.26% is 66.5% above this industry median. 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 ROC % compare to TNL and MMYT?
Global Business Travel Group's ROC % of 6.26% can be compared against companies in the Travel & Leisure industry. The industry median ROC % is 3.76. Global Business Travel Group's value of 6.26% is 66.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Travel & Leisure company?
The median ROC % among Travel & Leisure companies is 3.76, based on 834 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Business Travel Group's current ROC % of 6.26% is 66.5% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Global Business Travel Group and its competitors. For the Travel & Leisure industry, the median ROC % is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Business Travel Group's current ROC % is 6.26%. 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 ROC % is 6.26% and 66.5% above the Travel & Leisure industry median of 3.76. 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 ROC % calculated?
ROC % is calculated from a company's financial statements. For Global Business Travel Group (GBTG), the current ROC % is 6.26% 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:
ROC %: 6.26%
GF Value™: $7.93 vs. price of $9.48 (19.5% above fair value)
Industry Position: 66.5% above the Travel & Leisure median
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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