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H World Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for H World Group and similar public comparables like Hyatt, Sands China, IHG Hotels & Resorts, Accor and more.

H World Group Overview

About H World Group

H World Group Ltd is a multi-brand hotel group in China with international operations. It operates in the leased, managed, and franchised models. The company has two operating segments: legacy Huazhu and legacy DH. Its brand and product offering includes Economy hotel brands: HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, and Ibis Hotel, Midscale hotel brands: JI Hotel, Orange Hotel, Starway Hotel and Ibis Styles Hotel, Upper midscale hotel brands: Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, CitiGO Hotel and MAXX by Steigenberger, Upscale hotel brands: Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, and Grand Mercure; and Luxury hotel brand: Steigenberger Icon and Song Hotels.


Founded

2007

HQ

China

Employees

28.5K

Website

hworld.com

Financials (LTM)

Revenue: $4B
EBITDA: $1B

EV

$20B

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H World Group Financials

H World Group reported last 12-month revenue of $4B and EBITDA of $1B.

In the same LTM period, H World Group generated $2B in gross profit, $1B in EBITDA, and $749M in net income.

Revenue (LTM)


H World Group P&L

In the most recent fiscal year, H World Group reported revenue of $3B and EBITDA of $939M.

H World Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

See H World Group forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$4BXXX$3BXXXXXXXXX
Gross Profit$2BXXX$1BXXXXXXXXX
Gross Margin40%XXX36%XXXXXXXXX
EBITDA$1BXXX$939MXXXXXXXXX
EBITDA Margin34%XXX27%XXXXXXXXX
EBIT Margin27%XXX22%XXXXXXXXX
Net Profit$749MXXX$444MXXXXXXXXX
Net Margin20%XXX13%XXXXXXXXX

Financial data powered by Morningstar, Inc.

H World Group Stock Performance

H World Group has current market cap of $16B, and enterprise value of $20B.

Market Cap Evolution


H World Group's stock price is $5.22.

See H World Group trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$20B$16B0.0%XXXXXXXXX$0.14

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H World Group Valuation Multiples

H World Group trades at 5.3x EV/Revenue multiple, and 15.7x EV/EBITDA.

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EV / Revenue (LTM)


H World Group Financial Valuation Multiples

As of March 21, 2026, H World Group has market cap of $16B and EV of $20B.

Equity research analysts estimate H World Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

H World Group has a P/E ratio of 21.5x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$16BXXX$16BXXXXXXXXX
EV (current)$20BXXX$20BXXXXXXXXX
EV/Revenue5.3xXXX5.6xXXXXXXXXX
EV/EBITDA15.7xXXX20.8xXXXXXXXXX
EV/EBIT19.1xXXX25.8xXXXXXXXXX
EV/Gross Profit13.0xXXX15.6xXXXXXXXXX
P/E21.5xXXX36.2xXXXXXXXXX
EV/FCF16.5xXXX20.3xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified H World Group Valuation Multiples

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H World Group Margins & Growth Rates

H World Group's revenue in the last 12 month grew by 6%.

H World Group's revenue per employee in the last FY averaged $0.1M.

H World Group's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

H World Group's rule of X is 47% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for H World Group and other 15K+ public comps

H World Group Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth6%XXX6%XXXXXXXXX
EBITDA Margin34%XXX27%XXXXXXXXX
EBITDA Growth12%XXX29%XXXXXXXXX
Rule of 40—XXX39%XXXXXXXXX
Bessemer Rule of X—XXX47%XXXXXXXXX
Revenue per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue5%XXX5%XXXXXXXXX
G&A Expenses to Revenue9%XXX11%XXXXXXXXX
R&D Expenses to Revenue0%XXX—XXXXXXXXX
Opex to Revenue—XXX14%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

H World Group Public Comps

See public comps and valuation multiples for other Accommodation comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
HyattXXXXXXXXXXXXXXXXXX
Sands ChinaXXXXXXXXXXXXXXXXXX
IHG Hotels & ResortsXXXXXXXXXXXXXXXXXX
AccorXXXXXXXXXXXXXXXXXX
Wynn ResortsXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

H World Group M&A Activity

H World Group acquired XXX companies to date.

Last acquisition by H World Group was on XXXXXXXX, XXXXX. H World Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by H World Group

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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H World Group Investment Activity

H World Group invested in XXX companies to date.

H World Group made its latest investment on XXXXXXXX, XXXXX. H World Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by H World Group

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About H World Group

When was H World Group founded?H World Group was founded in 2007.
Where is H World Group headquartered?H World Group is headquartered in China.
How many employees does H World Group have?As of today, H World Group has over 28K employees.
Who is the CEO of H World Group?H World Group's CEO is Hui Jin.
Is H World Group publicly listed?Yes, H World Group is a public company listed on HKEX.
What is the stock symbol of H World Group?H World Group trades under 01179 ticker.
When did H World Group go public?H World Group went public in 2020.
Who are competitors of H World Group?H World Group main competitors are Hyatt, Sands China, IHG Hotels & Resorts, Accor.
What is the current market cap of H World Group?H World Group's current market cap is $16B.
What is the current revenue of H World Group?H World Group's last 12 months revenue is $4B.
What is the current revenue growth of H World Group?H World Group revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of H World Group?Current revenue multiple of H World Group is 5.3x.
Is H World Group profitable?Yes, H World Group is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of H World Group?H World Group's last 12 months EBITDA is $1B.
What is H World Group's EBITDA margin?H World Group's last 12 months EBITDA margin is 34%.
What is the current EV/EBITDA multiple of H World Group?Current EBITDA multiple of H World Group is 15.7x.
What is the current FCF of H World Group?H World Group's last 12 months FCF is $1B.
What is H World Group's FCF margin?H World Group's last 12 months FCF margin is 32%.
What is the current EV/FCF multiple of H World Group?Current FCF multiple of H World Group is 16.5x.

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