Latest Ratios: P/E Ratio 30.8x · EV/EBITDA 40.7x · ROE 5.5%. (2014–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $371M | $207M | $152M | $168M | $479M | $778M | $855M | $935M | $2.0B | $1.9B | $2.8B |
| Enterprise Value | $263M | $113M | $57M | $107M | $276M | $569M | $740M | $816M | $1.9B | $1.8B | $2.6B |
| P/E Ratio → | 30.77 | 19.33 | — | — | — | 72.67 | — | 52.40 | — | — | — |
| P/S Ratio | 0.59 | 0.38 | 0.33 | 0.35 | 0.90 | 2.15 | 3.44 | 1.11 | 2.16 | 1.81 | 3.71 |
| P/B Ratio | 1.55 | 0.97 | 0.77 | 0.78 | 0.85 | 1.12 | 1.29 | 1.04 | 2.31 | 2.20 | 3.27 |
| P/FCF | 101.12 | 64.43 | 8.74 | 6.93 | 7.69 | 27.04 | 360.64 | 14.12 | — | — | 121.35 |
| P/OCF | 42.11 | 26.83 | 7.53 | 6.05 | 7.23 | 23.90 | 108.62 | 12.59 | — | — | 89.71 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.21 | 0.12 | 0.22 | 0.52 | 1.57 | 2.97 | 0.97 | 2.12 | 1.72 | 3.40 |
| EV / EBITDA | 40.73 | 19.90 | — | — | — | 30.91 | — | 16.28 | — | — | — |
| EV / EBIT | 150.93 | 19.11 | — | — | — | 24.02 | — | 21.64 | — | — | — |
| EV / FCF | — | 35.04 | 3.27 | 4.41 | 4.43 | 19.78 | 312.06 | 12.33 | — | — | 111.48 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 97.3% | 97.3% | 97.6% | 97.5% | 97.6% | 96.8% | 95.9% | 98.9% | 99.4% | 99.4% | 99.4% |
| Operating Margin | 0.3% | 0.3% | -7.0% | -32.3% | -22.5% | 2.8% | -101.5% | 4.5% | -2.0% | -2.0% | -5.9% |
| Net Profit Margin | 2.0% | 2.0% | -5.1% | -33.9% | -23.8% | 3.0% | -98.6% | 2.0% | -2.3% | -1.2% | -6.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | -11.5% | -42.3% | -20.3% | 1.6% | -31.5% | 2.0% | -2.4% | -1.5% | -6.9% |
| ROA | 3.4% | 3.4% | -7.6% | -32.4% | -16.7% | 1.3% | -25.3% | 1.6% | -1.9% | -1.2% | -5.7% |
| ROIC | 1.0% | 1.0% | -18.8% | -45.8% | -21.4% | 1.5% | -28.6% | 3.6% | -1.7% | -2.2% | -5.3% |
| ROCE | 0.6% | 0.6% | -11.9% | -33.6% | -16.8% | 1.3% | -27.4% | 3.7% | -1.8% | -2.1% | -5.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.19 | 0.19 | 0.08 | 0.07 | 0.14 | 0.11 | 0.15 | 0.11 | — |
| Debt / EBITDA | 6.41 | 6.41 | — | — | — | 2.58 | — | 1.99 | — | — | — |
| Net Debt / Equity | — | -0.44 | -0.48 | -0.28 | -0.36 | -0.30 | -0.17 | -0.13 | -0.04 | -0.11 | -0.27 |
| Net Debt / EBITDA | -16.68 | -16.68 | — | — | — | -11.35 | — | -2.36 | — | — | — |
| Debt / FCF | — | -29.39 | -5.46 | -2.52 | -3.26 | -7.26 | -48.58 | -1.79 | — | — | -9.87 |
| Interest Coverage | 149.90 | 149.90 | -1660.59 | -12654.33 | -2356.78 | 60.87 | -936.53 | 1143.12 | -10.13 | -403.84 | -325.43 |
Net cash position: cash ($131M) exceeds total debt ($36M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.22 | 2.22 | 3.83 | 5.22 | 7.12 | 7.31 | 7.51 | 4.90 | 4.37 | 3.74 | 4.79 |
| Quick Ratio | 2.22 | 2.22 | 3.83 | 5.22 | 7.12 | 7.31 | 7.51 | 4.90 | 4.24 | 3.53 | 4.79 |
| Cash Ratio | 1.48 | 1.48 | 2.69 | 3.53 | 5.92 | 6.04 | 6.56 | 3.60 | 2.66 | 2.43 | 3.72 |
| Asset Turnover | — | 1.53 | 1.53 | 1.49 | 0.77 | 0.43 | 0.30 | 0.76 | 0.83 | 0.96 | 0.75 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 0.70 | 0.36 | — |
| Days Sales Outstanding | — | 43.07 | 39.38 | 37.24 | 34.53 | 44.17 | 32.92 | 33.71 | 37.87 | 28.95 | 25.73 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | 100.0% | — | — | — | — | 0.0% | 0.0% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 5.2% | — | — | — | 1.4% | — | 1.9% | — | — | — |
| FCF Yield | 1.0% | 1.6% | 11.4% | 14.4% | 13.0% | 3.7% | 0.3% | 7.1% | — | — | 0.8% |
| Buyback Yield | 0.4% | 0.6% | 0.5% | 0.0% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.6% | 0.5% | 100.0% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% |
| Shares Outstanding | — | $72M | $70M | $69M | $71M | $71M | $71M | $71M | $70M | $55M | $48M |
SEM bidding cost inflation
According to recent market data, trivago trades at a P/S ratio of 0.60, which appears to discount the company's historical volatility and suggests that investors remain skeptical of the firm's ability to achieve sustained profitability compared to more diversified travel peers like Trip.com Group.
The forward P/E of 92.67 indicates that the market is pricing in a significant recovery in earnings, yet this valuation appears disconnected from the company's recent history of operating losses. Investors should monitor whether this premium is justified by potential margin expansion or if it represents an overestimation of the company's competitive positioning against search engine giants.
Based on reported figures, trivago's ROIC has fluctuated wildly between -11.8% and 7.6% over the last ten quarters, illustrating a fundamental inability to consistently compound capital due to the high variable costs associated with performance-based marketing and intense competition for user traffic.
The erratic nature of these returns suggests that the company's asset-light model is highly sensitive to external marketing cost inflation rather than internal operational efficiency. The persistent negative ROIC in several periods warrants further investigation into whether the current business model can ever generate returns that exceed the cost of capital.
As reported in financial statements, trivago's asset turnover has remained low, hovering around 0.3x to 0.5x, which reflects the company's struggle to generate meaningful revenue volume relative to its asset base despite the high-margin nature of its digital referral business model.
The high days payable outstanding, often exceeding 400 days, suggests that the company relies heavily on extended payment terms with partners to manage its cash position. This reliance on supplier leverage may indicate a lack of bargaining power, as the company must prioritize liquidity management over operational optimization.
According to recent SEC filings, trivago maintains a very low debt-to-equity ratio of 0.17, providing a stable balance sheet that protects the firm from interest rate volatility, even as its operating income remains insufficient to cover debt service during seasonal troughs.
While the minimal debt load is a positive indicator of financial health, it appears to be a defensive necessity rather than a strategic choice, given the company's inability to consistently generate positive operating cash flow. Investors should monitor whether this conservative stance limits the company's ability to invest in brand-led growth initiatives.
Analysis of the company's financial ratios suggests that the 97% gross margin is the most commonly misapplied metric, as it obscures the reality that performance-based marketing costs are essentially the cost of goods sold for this specific digital arbitrage business model.
By focusing on gross margin, analysts may overlook the fact that the company's true earning power is constrained by the rising cost of customer acquisition. A more accurate assessment of profitability would require adjusting operating margins to include all marketing spend as a direct cost, which would likely reveal a much thinner and more volatile margin profile.
Includes 30+ ratios · 12 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TRVG stock.
trivago N.V.'s current P/E ratio is 30.8x. The historical average is 48.1x. This places it at the 33th percentile of its historical range.
trivago N.V.'s current EV/EBITDA is 40.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.4x.
trivago N.V.'s return on equity (ROE) is 5.5%. The historical average is -9.7%.
Based on historical data, trivago N.V. is trading at a P/E of 30.8x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
trivago N.V. has 97.3% gross margin and 0.3% operating margin.
trivago N.V.'s Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.