Airbnb, Inc. (ABNB) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Travel Services
EV/EBITDA
↓
31.46
↓-51% vs avg
5yr avg: 63.90
30Y Low28.2·High54.8
P/FCF
↓
18.19
↓-25% vs avg
5yr avg: 24.32
30Y Low17.1·High44.3
P/B Ratio
↓
10.82
↓-15% vs avg
5yr avg: 12.67
30Y Low10.1·High30.1
ROE
↑
30.2%
-5% vs avg
5yr avg: 31.9%
30Y Low-438%·High70%
Debt/EBITDA
↓
0.81
↓-53% vs avg
5yr avg: 1.73
30Y Low0.8·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ABNB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Airbnb, Inc. trades at 35.3x earnings, 23% above its 5-year average of 28.8x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 67%. On a free-cash-flow basis, the stock trades at 18.2x P/FCF, 25% below the 5-year average of 24.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $84.5B | $84.6B | $84.8B | $90.1B | $58.1B | $102.6B | $87.2B | — | — |
| Enterprise Value | $80.0B | $80.1B | $80.2B | $85.6B | $53.1B | $98.9B | $84.1B | — | — |
| P/E Ratio → | 35.34 | 33.68 | 31.97 | 18.80 | 30.65 | — | — | — | — |
| P/S Ratio | 6.90 | 6.91 | 7.63 | 9.09 | 6.92 | 17.12 | 25.82 | — | — |
| P/B Ratio | 10.82 | 10.31 | 10.08 | 11.04 | 10.46 | 21.48 | 30.05 | — | — |
| P/FCF | 18.19 | 18.20 | 18.76 | 23.20 | 17.07 | 44.34 | — | — | — |
| P/OCF | 18.19 | 18.20 | 18.76 | 23.20 | 16.95 | 44.34 | — | — | — |
P/E links to full P/E history page with 30-year chart
ABNB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Airbnb, Inc.'s enterprise value stands at 31.5x EBITDA, 51% below its 5-year average of 63.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 158% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.54 | 7.22 | 8.63 | 6.32 | 16.51 | 24.88 | — | — |
| EV / EBITDA | 31.46 | 31.47 | 30.63 | 54.77 | 28.20 | 174.44 | — | — | — |
| EV / EBIT | 31.46 | 31.47 | 31.41 | 56.36 | 28.08 | 716.73 | — | — | — |
| EV / FCF | — | 17.23 | 17.75 | 22.03 | 15.60 | 42.76 | — | — | — |
ABNB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Airbnb, Inc. earns an operating margin of 20.8%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 15.3% to 20.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.2% is exceptionally high — well above the sector median of 5.3%. ROIC of 50.6% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.0% | 83.0% | 83.1% | 82.8% | 82.2% | 80.7% | 74.1% | 75.1% | 76.3% |
| Operating Margin | 20.8% | 20.8% | 23.0% | 15.3% | 21.5% | 7.2% | -106.3% | -10.4% | 0.5% |
| Net Profit Margin | 20.5% | 20.5% | 23.9% | 48.3% | 22.5% | -5.9% | -135.7% | -14.0% | -0.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.2% | 30.2% | 31.9% | 69.8% | 36.6% | -9.2% | -437.9% | — | — |
| ROA | 11.6% | 11.6% | 12.7% | 26.1% | 12.7% | -2.9% | -48.8% | -9.0% | -0.3% |
| ROIC | 50.6% | 50.6% | 51.5% | 55.3% | 163.9% | 73.4% | — | — | — |
| ROCE | 26.3% | 26.3% | 23.8% | 16.2% | 23.4% | 6.8% | -85.2% | -16.8% | 0.7% |
ABNB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Airbnb, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (83% below the sector average of 4.8x). The company holds a net cash position — cash of $6.6B exceeds total debt of $2.1B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.27 | 0.28 | 0.42 | 0.51 | 0.80 | — | — |
| Debt / EBITDA | 0.81 | 0.81 | 0.88 | 1.48 | 1.24 | 4.26 | — | — | — |
| Net Debt / Equity | — | -0.55 | -0.54 | -0.56 | -0.91 | -0.76 | -1.09 | — | — |
| Net Debt / EBITDA | -1.77 | -1.77 | -1.75 | -2.93 | -2.67 | -6.44 | — | — | -21.17 |
| Debt / FCF | — | -0.97 | -1.01 | -1.18 | -1.48 | -1.58 | — | -16.39 | -4.24 |
| Interest Coverage | — | — | — | 18.29 | 78.79 | 0.32 | -26.27 | -40.30 | 2.80 |
Net cash position: cash ($6.6B) exceeds total debt ($2.1B)
ABNB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.38x means Airbnb, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.66x to 1.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.38 | 1.38 | 1.69 | 1.66 | 1.86 | 1.95 | 1.73 | 1.25 | 1.57 |
| Quick Ratio | 1.38 | 1.38 | 1.69 | 1.66 | 1.86 | 1.95 | 1.73 | 1.25 | 1.57 |
| Cash Ratio | 0.81 | 0.81 | 1.04 | 1.01 | 1.21 | 1.31 | 1.24 | 0.59 | 0.89 |
| Asset Turnover | — | 0.55 | 0.53 | 0.48 | 0.52 | 0.44 | 0.32 | 0.58 | 0.55 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 213.05 | 199.83 | 223.56 | 216.55 | 226.30 | 235.68 | 238.93 | 230.38 |
ABNB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Airbnb, Inc. returns 4.5% to shareholders annually primarily through share buybacks. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 3.0% | 3.1% | 5.3% | 3.3% | — | — | — | — |
| FCF Yield | 5.5% | 5.5% | 5.3% | 4.3% | 5.9% | 2.3% | — | — | — |
| Buyback Yield | 4.5% | 4.5% | 4.0% | 2.5% | 2.6% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.5% | 4.5% | 4.0% | 2.5% | 2.6% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $623M | $645M | $662M | $680M | $616M | $594M | $531M | $531M |
Peer Comparison
Compare ABNB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ABNBYou | $85B | 35.3 | 31.5 | 18.2 | 83.0% | 20.8% | 30.2% | 50.6% | 0.8 |
 BKNG | $133B | 25.9 | 13.5 | 14.6 | 100.0% | 34.5% | — | — | 1.9 |
 EXPE | $28B | 24.6 | 9.7 | 9.1 | 84.1% | 13.4% | 48.4% | 40.2% | 2.3 |
 TRIP | $2B | 41.8 | 9.9 | 9.3 | 62.0% | 4.2% | 5.0% | 7.4% | 7.2 |
 TCOM | $28B | 6.6 | 10.9 | 14.1 | 80.6% | 25.3% | 20.5% | 7.9% | 1.9 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 MAR | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 WH | $6B | 34.1 | 19.9 | 19.7 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 SOND | $2662 | 0.0 | 252.9 | — | 39.3% | -29.4% | — | -12.3% | 256.7 |
 UBER | $148B | 15.1 | 24.4 | 15.2 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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ABNB — Frequently Asked Questions
Quick answers to the most common questions about buying ABNB stock.
What is Airbnb, Inc.'s P/E ratio?
Airbnb, Inc.'s current P/E ratio is 35.3x. The historical average is 28.8x. This places it at the 100th percentile of its historical range.
What is Airbnb, Inc.'s EV/EBITDA?
Airbnb, Inc.'s current EV/EBITDA is 31.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.3x.
What is Airbnb, Inc.'s ROE?
Airbnb, Inc.'s return on equity (ROE) is 30.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -46.4%.
Is ABNB stock overvalued?
Based on historical data, Airbnb, Inc. is trading at a P/E of 35.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Airbnb, Inc.'s profit margins?
Airbnb, Inc. has 83.0% gross margin and 20.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Airbnb, Inc. have?
Airbnb, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.