AirbnbABNB -3.93%86 3-Year ROIIC % is 4.72 as of Dec. 2025, which is 83% below its 10-year median of 27.41. GuruFocus rates ABNB with a GF Score™ of 86/100 and a GF Value™ of $172.52 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 790 Travel & Leisure companies, Airbnb ranks better than 51.01% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Airbnb's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Airbnb's 3-Year ROIIC % or its related term are showing as below:
ABNB's 3-Year ROIIC % is ranked better than 51.01% of 790
companies
in the Travel & Leisure industry
Industry Median: 4.36
vs ABNB: 4.72
Airbnb (NAS:ABNB) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Airbnb 3-Year ROIIC % Related Terms
Airbnb 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Airbnb's 3-Year ROIIC % can be seen below:
* 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, Airbnb's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Airbnb 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Airbnb's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Airbnb's 3-Year ROIIC % falls into.
Airbnb's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2036.2176 (Dec. 2025) - 1799.6647 (Dec. 2022) )
/
( 7814 (Dec. 2025) - 2798 (Dec. 2022) )
=
236.5529
/
5016
=
4.72%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Airbnb (ABNB) has a 3-Year ROIIC % of 4.72 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Airbnb and its competitors. This is 83% below median its historical median of 27.41. According to the industry distribution chart, Airbnb ranks #387 out of 790 companies in the Travel & Leisure industry, placing it in the top 49%.
Is Airbnb's 3-Year ROIIC % too high?
Airbnb's current 3-Year ROIIC % of 4.72 is 83% below median its 10-year median of 27.41. The Travel & Leisure industry median 3-Year ROIIC % is 4.36. Airbnb's value of 4.72 is 8.3% above this industry median. Based on the distribution chart, Airbnb ranks #387 out of 790 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Airbnb has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Airbnb's 3-Year ROIIC % compare to RCL and VIK?
According to the Travel & Leisure industry distribution chart, Airbnb ranks #387 out of 790 companies for 3-Year ROIIC %. This puts Airbnb in the upper half of its industry. The industry median 3-Year ROIIC % is 4.36. Airbnb's value of 4.72 is 8.3% above this benchmark. While the company's 10-year median is 27.41 vs. the industry median of 4.36, Airbnb 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 3-Year ROIIC % for a Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.36, based on 790 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airbnb's current 3-Year ROIIC % of 4.72 is 8.3% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Airbnb and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airbnb's current 3-Year ROIIC % is 4.72, which is 83% below median its own 10-year median of 27.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airbnb stock overvalued right now?
Based on GuruFocus' analysis, Airbnb (ABNB) is currently considered Modestly Undervalued. The stock's GF Value™ is $172.52, compared to a current price of $142.95 — trading 17.1% below its estimated fair value. The current 3-Year ROIIC % is 4.72, which is 83% below median its 10-year median of 27.41 and 8.3% above the Travel & Leisure industry median of 4.36. Airbnb's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Airbnb (ABNB), the current 3-Year ROIIC % is 4.72 as of Dec. 2025. 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 Airbnb (ABNB) Overvalued in 2026?
Based on GuruFocus' analysis, Airbnb stock appears to be undervalued.
The current stock price of $142.95 is trading 17.1% below its estimated GF Value™ of $172.52.
GuruFocus considers Airbnb to be Modestly Undervalued.
Key valuation signals for ABNB:
3-Year ROIIC %: 4.72 (83% below median its 10-year median of 27.41)
GF Value™: $172.52 vs. price of $142.95 (17.1% below fair value)
Industry Position: 8.3% above the Travel & Leisure median (#387 of 790)
No single metric tells the full story. See the ABNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airbnb is the world's largest online alternative accommodation travel agency; it also offers booking services for boutique hotels, experiences, and hotel-like services. Airbnb's platform offers over 9 million active accommodation listings. Listings from the company's 5 million-plus hosts are spread over almost every country in the world. In 2025, 42% of revenue was from North America, 39% from Europe, the Middle East, and Africa, 10% from Latin America, and 9% from Asia-Pacific. Transaction fees for online bookings account for all its revenue.
86GF Score
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