Global Business Travel Group, Inc. (GBTG)

Transportation Services

Latest Price

$9.50

TTM P/E

59.38

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

3.14

P/B Ratio

3.02

Valuation metrics

EPS: $0.22

Book value / share: $3.07

Formula: √(22.5 × EPS × BVPS)

Graham Number

$3.90

59% downside

Base FCF: $104M (median of recent 4yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1.51

84% downside

EPS: $0.22

Target P/E: 59×

Formula: EPS × P/E

P/E Fair Value

$12.98

+37% upside

63.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
American Express Co	157.79M	$1.48B	30.74%	--	2026-06-30
BlackRock, Inc.	49.49M	$464.0M	9.64%	+808.8K	2026-06-30
Apollo Management Holdings, L.P.	21.71M	$203.0M	4.23%	-1.17M	2026-06-30
Redwood Capital Management, LLC	11.00M	$103.0M	2.14%	-10.96M	2026-06-30
Nexpoint Asset Management, L.P.	8.09M	$75.0M	1.58%	--	2026-06-30
Vanguard Portfolio Management LLC	6.53M	$61.0M	1.27%	+84.0K	2026-06-30
Vanguard Capital Management LLC	6.53M	$61.0M	1.27%	-56.5K	2026-06-30
Glazer Capital, LLC	5.12M	$48.0M	1.00%	--	2026-06-30
Polar Asset Management Partners Inc.	4.85M	$45.0M	0.94%	--	2026-06-30
Dimensional Fund Advisors LP	4.78M	$44.0M	0.93%	+522.4K	2026-06-30