H World Group Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
0.290.26
Price/Sales ratio
0.840.78
Earnings per Share (EPS)
$114.07$128.78

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
33.0029.1230.7658.3383.4646.92-41.60-175.06-50.2018.5320.7746.92
Price/Sales ratio
2.042.203.788.835.937.408.425.756.563.463.257.40
Price/Book Value ratio
3.153.704.5811.209.6711.247.576.7210.426.246.4011.24
Price/Cash Flow ratio
6.977.2612.0929.4219.6025.20141.0054.7858.209.8610.7525.20
Price/Free Cash Flow ratio
19.7811.5516.1744.4032.2347.21-73.58-220.80178.1311.1812.2847.21
Price/Earnings Growth ratio
4.180.700.451.12-1.780.280.192.16-0.15-0.05-0.25-1.78
Dividend Yield
0.05%0.03%1.11%0.42%0.00%0.79%0.78%N/A0.45%N/A1.88%0.00%
Profitability Indicator Ratios
Gross Profit Margin
21.88%21.86%24.56%30.55%35.64%35.87%4.58%11.73%11.55%34.46%35.65%35.64%
Operating Profit Margin
7.84%10.41%13.31%17.59%23.29%18.80%-11.95%3.20%-1.42%21.54%21.55%21.55%
Pretax Profit Margin
8.36%11.01%16.47%19.68%13.84%22.87%-22.35%-3.19%-11.58%24.38%21.98%13.84%
Net Profit Margin
6.19%7.56%12.30%15.14%7.11%15.77%-20.24%-3.28%-13.07%18.66%15.95%7.11%
Effective Tax Rate
27.22%30.90%26.64%22.38%40.84%24.95%9.43%-2.94%-12.88%22.56%26.47%26.47%
Return on Assets
4.97%5.67%8.05%7.09%2.98%3.33%-3.13%-0.66%-2.94%6.42%6.03%2.98%
Return On Equity
9.55%12.72%14.90%19.21%11.59%23.97%-18.21%-3.84%-20.76%33.66%30.46%11.59%
Return on Capital Employed
8.72%12.26%12.39%10.45%13.00%5.90%-2.20%0.85%-0.40%10.22%10.18%10.18%
Liquidity Ratios
Current Ratio
0.921.021.401.521.161.051.22N/AN/AN/A0.871.05
Quick Ratio
0.911.051.401.561.161.051.210.610.690.680.871.05
Cash ratio
0.470.441.090.940.710.180.660.330.270.390.580.58
Days of Sales Outstanding
6.565.9314.658.808.377.6514.6414.8729.3012.5920.048.37
Days of Inventory outstanding
2.811.981.591.542.312.893.332.842.081.501.522.89
Operating Cycle
9.377.9216.2510.3410.6810.5417.9817.7131.3914.0921.5610.68
Days of Payables Outstanding
60.3047.3543.2749.2750.1659.6946.5531.3034.8625.9324.8159.69
Cash Conversion Cycle
-50.92-39.42-27.01-38.92-39.47-49.15-28.57-13.58-3.47-11.83-3.24-39.47
Debt Ratios
Debt Ratio
N/A0.040.020.280.400.310.180.150.160.080.080.31
Debt Equity Ratio
N/A0.090.050.781.582.241.040.871.130.430.442.24
Long-term Debt to Capitalization
N/AN/AN/A0.430.580.520.480.230.430.090.270.52
Total Debt to Capitalization
N/A0.080.050.430.610.690.510.460.530.300.300.69
Interest Coverage Ratio
-1.57K-1.01K-528.26-106.25-66.97-46.84-2.34N/AN/AN/A15.79-66.97
Cash Flow to Debt Ratio
N/A5.386.860.480.310.190.050.130.151.441.340.31
Company Equity Multiplier
1.922.241.852.703.887.185.805.787.045.235.113.88
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.290.300.310.300.300.290.050.100.110.350.300.30
Free Cash Flow / Operating Cash Flow Ratio
0.350.620.740.660.600.53-1.91-0.240.320.880.860.60
Cash Flow Coverage Ratio
N/A5.386.860.480.310.190.050.130.151.441.340.31
Short Term Coverage Ratio
N/A5.386.8618.743.210.380.530.210.471.898.093.21
Dividend Payout Ratio
1.74%1.05%34.33%24.76%0.69%37.19%-32.84%N/A-22.94%N/A92.99%0.69%