Question 1

What is Hilton's P/B ratio?

Accepted Answer

Hilton (HLT) P/B ratio is currently not available. A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Hilton?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Hilton specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

What is Hilton's historical P/B ratio range?

Accepted Answer

In the available daily series, Hilton (HLT) P/B ratio has ranged from a low of 2.4× in 2016 to a high of 246.6× in 2019.

Question 6

What was Hilton's P/B ratio in 2018?

Accepted Answer

Hilton (HLT) P/B ratio at the end of 2018 was 38.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 7

Why does Hilton's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Question 8

Why is Hilton's P/B ratio not available?

Accepted Answer

A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.


2025	$67.79B	−$5.39B	—	—	Dec 31, 2025
2024	$60.06B	−$3.73B	—	—	Dec 31, 2024
2023	$46.62B	−$2.36B	—	—	Dec 31, 2023
2022	$34.12B	−$1.10B	—	—	Dec 31, 2022
2021	$43.52B	−$821.00M	—	—	Dec 31, 2021
2020	$30.93B	−$1.49B	—	—	Dec 31, 2020
2019	$31.17B	−$482.00M	—	—	Dec 31, 2019
2018	$21.25B	$551.00M	38.6×	+26.4×	Dec 31, 2018
2017	$25.24B	$2.07B	12.2×	+9.1×	Dec 31, 2017
2016	$18.36B	$5.90B	3.1×	+0.7×	Dec 31, 2016
2015	$14.45B	$5.99B	2.4×	-1.3×	Dec 31, 2015
2014	$17.58B	$4.75B	3.7×	+0.7×	Dec 31, 2014
2013	$13.19B	$4.36B	3.0×	—	Dec 31, 2013


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PDD Holdings (PDD)	2.3×
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Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Hilton (HLT)

P/B Ratio daily chart for Hilton (HLT)

Historical P/B Ratio for Hilton (HLT) from 2013 to 2025

About P/B Ratio at Hilton (HLT)

Hilton P/B Ratio by Year

Hilton P/B Ratio 2018: 38.6×

Hilton P/B Ratio 2017: 12.2×

Hilton P/B Ratio 2016: 3.1×

Hilton P/B Ratio 2015: 2.4×

Hilton P/B Ratio 2014: 3.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Hilton (HLT) Key Financials

P/B Ratio daily chart for Hilton (HLT)

Historical P/B Ratio for Hilton (HLT) from 2013 to 2025

About P/B Ratio at Hilton (HLT)

Hilton P/B Ratio by Year

Hilton P/B Ratio 2018: 38.6×

Hilton P/B Ratio 2017: 12.2×

Hilton P/B Ratio 2016: 3.1×

Hilton P/B Ratio 2015: 2.4×

Hilton P/B Ratio 2014: 3.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Hilton's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Hilton?

+What is Hilton's historical P/B ratio range?

+What was Hilton's P/B ratio in 2018?

+Why does Hilton's P/B ratio change over time?

+Why is Hilton's P/B ratio not available?

Hilton (HLT) Key Financials