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Global Business Travel GroupGBTG -0.11%70 Altman Z-Score is 1.28 as of Sep. 06, 2026, which is 35% above its 10-year median of 0.95. GuruFocus rates GBTG with a GF Score™ of 70/100 and a GF Value™ of $7.93 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 831 Travel & Leisure companies, Global Business Travel Group ranks worse than 64.26% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 1.28 is in distress zone. This implies bankruptcy possibility in the next two years.
Global Business Travel Group has a Altman Z-Score of 1.28, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Global Business Travel Group's Altman Z-Score or its related term are showing as below:
GBTG'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.16 Med: 0.95 Max: 1.29
Current: 1.28
During the past 7 years, Global Business Travel Group's highest Altman Z-Score was 1.29. The lowest was 0.16. And the median was 0.95.
Global Business Travel Group (NYSE:GBTG) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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.
GBTG vs TNL, MMYT, NCLH: Altman Z-Score Comparison
For the Travel Services subindustry, Global Business Travel Group's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Global Business Travel Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Global Business Travel Group's Altman Z-Score falls into.
Global Business Travel Group Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Global Business Travel Group (GBTG) has a Altman Z-Score of 1.28 as of Sep. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Global Business Travel Group and its competitors. This is 35% above median its historical median of 0.95. Over the past decade, Global Business Travel Group's Altman Z-Score has ranged from 0.16 to 1.29. According to the industry distribution chart, Global Business Travel Group ranks #534 out of 831 companies in the Travel & Leisure industry, placing it in the top 64.3%.
Is Global Business Travel Group's Altman Z-Score too high?
Global Business Travel Group's current Altman Z-Score of 1.28 is 35% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.29. The Travel & Leisure industry median Altman Z-Score is 1.98. Global Business Travel Group's value of 1.28 is 35.4% below this industry median. Based on the distribution chart, Global Business Travel Group ranks #534 out of 831 companies in the Travel & Leisure industry, which is below 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 Altman Z-Score compare to TNL and MMYT?
According to the Travel & Leisure industry distribution chart, Global Business Travel Group ranks #534 out of 831 companies for Altman Z-Score. This places Global Business Travel Group in the lower half of its industry. The industry median Altman Z-Score is 1.98. Global Business Travel Group's value of 1.28 is 35.4% below this benchmark. Historically, Global Business Travel Group's own Altman Z-Score has ranged from 0.16 to 1.29 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 1.98, Global Business Travel Group has consistently been below 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 Altman Z-Score for a Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.98, based on 831 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Business Travel Group's current Altman Z-Score of 1.28 is 35.4% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Global Business Travel Group and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Business Travel Group's current Altman Z-Score is 1.28, which is 35% above median its own 10-year median of 0.95. 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 Altman Z-Score is 1.28, which is 35% above median its 10-year median of 0.95 and 35.4% below the Travel & Leisure industry median of 1.98. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Global Business Travel Group (GBTG), the current Altman Z-Score is 1.28 as of Sep. 06, 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:
Altman Z-Score: 1.28 (35% above median its 10-year median of 0.95)
GF Value™: $7.93 vs. price of $9.48 (19.5% above fair value)
Industry Position: 35.4% below the Travel & Leisure median (#534 of 831)
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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