H World Group Limited (HTHT) Financial Ratios
19 years of historical data (2007–2025) · Consumer Cyclical · Travel Lodging
EV/EBITDA
↓
15.36
↓-19% vs avg
5yr avg: 18.89
30Y Low0.3·High46.0
P/FCF
↓
12.05
↑+55% vs avg
5yr avg: 7.79
30Y Low1.6·High25.8
P/B Ratio
↑
7.21
↑+552% vs avg
5yr avg: 1.11
30Y Low0.4·High1.6
ROE
↑
39.2%
↓+143% vs avg
5yr avg: 16.1%
30Y Low-359%·High39%
Debt/EBITDA
↓
4.87
↓-70% vs avg
5yr avg: 16.08
30Y Low0.0·High37.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HTHT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
H World Group Limited trades at 18.9x earnings, 516% above its 5-year average of 3.1x, 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 discount of 11%. On a free-cash-flow basis, the stock trades at 12.0x P/FCF, 55% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.1B | $15.3B | $10.8B | $11.2B | $13.2B | $11.6B | $13.2B | $12.2B | $8.7B | $10.6B | $3.7B |
| Enterprise Value | $16.8B | $40.8B | $38.8B | $40.1B | $53.5B | $50.7B | $51.1B | $47.1B | $14.2B | $12.2B | $730M |
| P/E Ratio → | 18.93 | 3.10 | 3.44 | 2.68 | — | — | — | 6.91 | 11.93 | 8.60 | 4.63 |
| P/S Ratio | 3.59 | 0.62 | 0.45 | 0.51 | 0.95 | 0.91 | 1.29 | 1.09 | 0.86 | 1.29 | 0.56 |
| P/B Ratio | 7.21 | 1.18 | 0.88 | 0.91 | 1.50 | 1.05 | 1.15 | 1.63 | 1.38 | 1.63 | 0.68 |
| P/FCF | 12.05 | 2.08 | 1.61 | 1.65 | 25.83 | — | — | 6.94 | 4.69 | 6.51 | 2.39 |
| P/OCF | 10.84 | 1.87 | 1.42 | 1.46 | 8.44 | 8.66 | 21.65 | 3.70 | 2.85 | 4.31 | 1.79 |
P/E links to full P/E history page with 30-year chart
HTHT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
H World Group Limited's enterprise value stands at 15.4x EBITDA, 19% below its 5-year average of 18.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 26% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.66 | 1.62 | 1.83 | 3.86 | 3.96 | 5.02 | 4.20 | 1.41 | 1.48 | 0.11 |
| EV / EBITDA | 15.36 | 5.50 | 5.94 | 6.55 | 46.04 | 30.40 | — | 15.21 | 4.39 | 5.49 | 0.47 |
| EV / EBIT | 18.20 | 6.52 | 7.57 | 7.00 | — | — | — | 16.36 | 8.67 | 7.22 | 0.69 |
| EV / FCF | — | 5.57 | 5.77 | 5.93 | 104.70 | — | — | 26.80 | 7.65 | 7.48 | 0.48 |
HTHT Profitability
Margins and return-on-capital ratios measuring operating efficiency
H World Group Limited earns an operating margin of 25.4%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 21.5% to 25.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 39.2% is exceptionally high — well above the sector median of 5.3%. ROIC of 11.9% represents solid 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4% | 39.4% | 41.3% | 34.5% | 11.6% | 11.7% | 4.6% | 35.9% | 35.6% | 31.0% | 24.9% |
| Operating Margin | 25.4% | 25.4% | 21.8% | 21.5% | -2.1% | 1.3% | -16.5% | 18.8% | 23.3% | 17.3% | 12.8% |
| Net Profit Margin | 20.1% | 20.1% | 12.8% | 18.7% | -13.1% | -3.6% | -20.3% | 15.8% | 7.1% | 14.9% | 11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 39.2% | 39.2% | 24.9% | 38.8% | -18.3% | -4.1% | -21.9% | 25.6% | 11.2% | 20.7% | 17.7% |
| ROA | 7.8% | 7.8% | 4.8% | 6.5% | -2.9% | -0.7% | -3.5% | 4.6% | 3.5% | 9.0% | 8.8% |
| ROIC | 11.9% | 11.9% | 9.6% | 7.8% | -0.4% | 0.2% | -2.8% | 5.8% | 17.7% | 20.3% | 25.2% |
| ROCE | 13.2% | 13.2% | 10.9% | 10.0% | -0.6% | 0.3% | -3.7% | 7.8% | 14.8% | 13.8% | 14.1% |
HTHT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
H World Group Limited carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (roughly in line with the sector average of 4.8x). Net debt stands at $25.6B ($36.1B total debt minus $10.5B cash). Interest coverage of 19.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.78 | 2.78 | 2.89 | 2.93 | 4.99 | 4.00 | 3.93 | 5.09 | 1.54 | 0.78 | 0.06 |
| Debt / EBITDA | 4.87 | 4.87 | 5.43 | 5.86 | 37.77 | 26.49 | — | 12.31 | 3.02 | 2.28 | 0.19 |
| Net Debt / Equity | — | 1.97 | 2.28 | 2.36 | 4.58 | 3.54 | 3.32 | 4.66 | 0.87 | 0.24 | -0.54 |
| Net Debt / EBITDA | 3.44 | 3.44 | 4.28 | 4.72 | 34.69 | 23.42 | — | 11.27 | 1.70 | 0.71 | -1.91 |
| Debt / FCF | — | 3.48 | 4.16 | 4.27 | 78.87 | — | — | 19.87 | 2.97 | 0.97 | -1.92 |
| Interest Coverage | 19.10 | 19.10 | 16.11 | 14.89 | -2.93 | -0.01 | -3.28 | 9.14 | 6.71 | 19.36 | 96.18 |
HTHT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.91x is below 1.0, meaning current liabilities exceed current assets — though the company's $10.5B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.69x to 0.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 0.99 | 0.69 | 0.70 | 0.63 | 1.22 | 1.06 | 1.17 | 1.53 | 1.41 |
| Quick Ratio | 0.91 | 0.91 | 0.99 | 0.69 | 0.69 | 0.62 | 1.22 | 1.05 | 1.16 | 1.52 | 1.40 |
| Cash Ratio | 0.81 | 0.81 | 0.83 | 0.52 | 0.41 | 0.50 | 1.04 | 0.36 | 0.73 | 0.96 | 1.09 |
| Asset Turnover | — | 0.38 | 0.38 | 0.34 | 0.23 | 0.20 | 0.15 | 0.21 | 0.42 | 0.47 | 0.66 |
| Inventory Turnover | 261.61 | 261.61 | 233.85 | 243.07 | 175.14 | 128.25 | 109.31 | 126.14 | 157.95 | 236.40 | 228.36 |
| Days Sales Outstanding | — | 16.05 | 18.76 | 12.59 | 29.31 | 14.87 | 14.64 | 7.65 | 8.38 | 8.74 | 14.58 |
HTHT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
H World Group Limited returns 4.9% to shareholders annually — split between a 4.1% dividend yield and 0.9% buyback yield. The payout ratio of 76.9% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.3% (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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 24.9% | 32.6% | — | 3.2% | — | 5.1% | 5.4% | 0.1% | 0.1% | 7.5% |
| Payout Ratio | 76.9% | 76.9% | 115.8% | — | — | — | — | 37.2% | 0.7% | 0.9% | 35.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 32.3% | 29.1% | 37.4% | — | — | — | 14.5% | 8.4% | 11.6% | 21.6% |
| FCF Yield | 8.3% | 48.0% | 62.1% | 60.4% | 3.9% | — | — | 14.4% | 21.3% | 15.4% | 41.8% |
| Buyback Yield | 0.9% | 5.0% | 10.8% | 7.6% | 2.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.9% | 29.9% | 43.4% | 7.6% | 5.7% | 0.0% | 5.1% | 5.4% | 0.1% | 0.1% | 7.5% |
| Shares Outstanding | — | $325M | $328M | $335M | $311M | $311M | $293M | $304M | $304M | $293M | $283M |
Peer Comparison
Compare HTHT 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 |
|---|---|---|---|---|---|---|---|---|---|
 HTHTYou | $13B | 18.9 | 15.4 | 12.0 | 39.4% | 25.4% | 39.2% | 11.9% | 4.9 |
 IHG | $26B | 35.1 | 21.7 | 29.6 | 32.0% | 23.1% | — | 159.6% | 3.4 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 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 |
 WH | $6B | 34.1 | 19.9 | 19.7 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 CHH | $5B | 14.6 | 13.0 | 42.2 | 40.9% | 28.4% | 544.2% | 16.7% | 3.8 |
 RLJ | $2B | 772.3 | 11.7 | 14.8 | -0.9% | 9.3% | 1.3% | 2.3% | 7.4 |
 SHO | $2B | 281.6 | 14.5 | 28.2 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 PK | $3B | -10.4 | 12.4 | 29.0 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 DRH | $3B | 28.0 | 13.2 | 15.5 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
| 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 · 19 years · Updated daily
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HTHT — Frequently Asked Questions
Quick answers to the most common questions about buying HTHT stock.
What is H World Group Limited's P/E ratio?
H World Group Limited's current P/E ratio is 18.9x. The historical average is 6.0x. This places it at the 100th percentile of its historical range.
What is H World Group Limited's EV/EBITDA?
H World Group Limited's current EV/EBITDA is 15.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.4x.
What is H World Group Limited's ROE?
H World Group Limited's return on equity (ROE) is 39.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -13.7%.
Is HTHT stock overvalued?
Based on historical data, H World Group Limited is trading at a P/E of 18.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is H World Group Limited's dividend yield?
H World Group Limited's current dividend yield is 4.07% with a payout ratio of 76.9%.
What are H World Group Limited's profit margins?
H World Group Limited has 39.4% gross margin and 25.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does H World Group Limited have?
H World Group Limited's Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.