WallStSmart

Booking Holdings Inc (BKNG)vsGlobal Business Travel Group Inc (GBTG)

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Smart Verdict

WallStSmart Research — data-driven comparison

Booking Holdings Inc generates 890% more annual revenue ($26.92B vs $2.72B). BKNG leads profitability with a 20.1% profit margin vs 4.0%. GBTG trades at a lower P/E of 23.9x. BKNG earns a higher WallStSmart Score of 78/100 (B+).

BKNG

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 8.0Value: 10.0Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

GBTG

Hold

47

out of 100

Grade: D+

Growth: 6.7Profit: 5.5Value: 5.7Quality: 4.3
Piotroski: 1/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+45.4%)

Margin of Safety

+45.4%

Fair Value

$7757.57

Current Price

$4237.75

$3519.82 discount

UndervaluedFair: $7757.57Overvalued
GBTGSignificantly Overvalued (-249.3%)

Margin of Safety

-249.3%

Fair Value

$1.50

Current Price

$5.41

$3.91 premium

UndervaluedFair: $1.50Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKNG6 strengths · Avg: 9.3/10
Operating MarginProfitability
32.5%10/10

Strong operational efficiency at 32.5%

Debt/EquityHealth
-3.4610/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$138.30B9/10

Large-cap with strong market position

Profit MarginProfitability
20.1%9/10

Keeps 20 of every $100 in revenue as profit

PEG RatioValuation
0.738/10

Growing faster than its price suggests

GBTG2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
34.0%10/10

Revenue surging 34.0% year-over-year

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

Areas to Watch

BKNG2 concerns · Avg: 3.5/10
P/E RatioValuation
25.9x4/10

Moderate valuation

Return on EquityProfitability
2.3%3/10

ROE of 2.3% — below average capital efficiency

GBTG3 concerns · Avg: 2.7/10
Profit MarginProfitability
4.0%3/10

4.0% margin — thin

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

EPS GrowthGrowth
-50.7%2/10

Earnings declined 50.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Operating Margin, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 20.1% and operating margin at 32.5%. Revenue growth of 16.0% demonstrates continued momentum.

Bull Case : GBTG

The strongest argument for GBTG centers on Revenue Growth, Price/Book. Revenue growth of 34.0% demonstrates continued momentum.

Bear Case : BKNG

The primary concerns for BKNG are P/E Ratio, Return on Equity.

Bear Case : GBTG

The primary concerns for GBTG are Profit Margin, Piotroski F-Score, EPS Growth. Thin 4.0% margins leave little buffer for downturns.

Key Dynamics to Monitor

BKNG profiles as a growth stock while GBTG is a hypergrowth play — different risk/reward profiles.

BKNG carries more volatility with a beta of 1.23 — expect wider price swings.

GBTG is growing revenue faster at 34.0% — sustainability is the question.

BKNG generates stronger free cash flow (1.4B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (78/100 vs 47/100), backed by strong 20.1% margins and 16.0% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Booking Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.

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Global Business Travel Group Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Global Business Travel Group, Inc. operates a business-to-business (B2B) travel platform. The company is headquartered in New York, New York.

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