H World Group Limited (HTHT) Financial Ratios
19 years of historical data (2007–2025) · Consumer Cyclical · Travel Lodging
EV/EBITDA
↓
18.15
-4% vs avg
5yr avg: 18.89
30Y Low0.3·High46.0
P/FCF
↓
14.87
↑+91% vs avg
5yr avg: 7.79
30Y Low1.6·High25.8
P/B Ratio
↑
8.33
↑+654% 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 21.3x earnings, 601% above its 5-year average of 3.0x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a premium of 9%. On a free-cash-flow basis, the stock trades at 14.9x P/FCF, 91% 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 | $16.0B | $15.3B | $10.8B | $11.2B | $13.2B | $11.6B | $13.2B | $12.2B | $8.7B | $10.6B | $3.7B |
| Enterprise Value | $19.7B | $40.8B | $38.8B | $40.1B | $53.5B | $50.7B | $51.1B | $47.1B | $14.2B | $12.2B | $730M |
| P/E Ratio → | 21.33 | 3.02 | 3.44 | 2.68 | — | — | — | 6.91 | 11.93 | 8.60 | 4.63 |
| P/S Ratio | 4.43 | 0.62 | 0.45 | 0.51 | 0.95 | 0.91 | 1.29 | 1.09 | 0.86 | 1.29 | 0.56 |
| P/B Ratio | 8.33 | 1.18 | 0.88 | 0.91 | 1.50 | 1.05 | 1.15 | 1.63 | 1.38 | 1.63 | 0.68 |
| P/FCF | 14.87 | 2.08 | 1.61 | 1.65 | 25.83 | — | — | 6.94 | 4.69 | 6.51 | 2.39 |
| P/OCF | 13.38 | 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 18.1x EBITDA, roughly in line with its 5-year average of 18.9x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 60% 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 | 18.15 | 5.50 | 5.94 | 6.55 | 46.04 | 30.40 | — | 15.21 | 4.39 | 5.49 | 0.47 |
| EV / EBIT | 21.51 | 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 2.9%. 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 5.6%. ROIC of 11.9% represents solid returns on invested capital versus a sector median of 5.8%.
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 (11% above the sector average of 4.4x). 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 | 16.35 | 12.24 | -0.72 | 0.40 | -3.16 | 6.69 | 9.61 | 16.39 | 76.45 |
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 4.2% to shareholders annually — split between a 3.5% dividend yield and 0.7% 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 4.7% (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 | 3.5% | 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 | 4.7% | 33.2% | 29.1% | 37.4% | — | — | — | 14.5% | 8.4% | 11.6% | 21.6% |
| FCF Yield | 6.7% | 48.0% | 62.1% | 60.4% | 3.9% | — | — | 14.4% | 21.3% | 15.4% | 41.8% |
| Buyback Yield | 0.7% | 5.0% | 10.8% | 7.6% | 2.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.2% | 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 | $16B | 21.3 | 18.1 | 14.9 | 39.4% | 25.4% | 39.2% | 11.9% | 4.9 |
 IHG | $22B | 29.9 | 18.9 | 25.2 | 32.0% | 23.1% | — | 159.6% | 3.4 |
 H | $16B | -313.6 | 22.8 | 101.7 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 HLT | $73B | 52.5 | 30.6 | 36.1 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 MAR | $95B | 37.8 | 25.2 | 36.5 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 WH | $6B | 33.7 | 19.8 | 19.5 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 CHH | $5B | 13.3 | 12.2 | 38.6 | 40.9% | 28.4% | 544.2% | 16.7% | 3.8 |
 RLJ | $1B | 593.2 | 10.4 | 11.4 | -0.9% | 9.3% | 1.3% | 2.3% | 7.4 |
 SHO | $2B | 242.3 | 13.2 | 24.7 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 PK | $2B | -7.9 | 11.2 | 22.1 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 DRH | $2B | 24.3 | 12.0 | 13.4 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
Full HTHT Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See HTHT's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs HTHT Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare HTHT vs IHG
Side-by-side business, growth, and profitability comparison vs InterContinental Hotels Group PLC.
Start ComparisonHTHT — 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 21.3x. 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 18.1x. 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 21.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is H World Group Limited's dividend yield?
H World Group Limited's current dividend yield is 3.52% 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.