InterContinental Hotels Group PLC (IHG) Key Metrics
IHG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $24.50B
- Enterprise value
- $25.73B
- P/E (TTM)
- 35.6 10-yr median 28.9
- Forward P/E
- 22.3
- PEG ratio
- 1.27
- Price / sales
- 4.6 10-yr median 4.1
- Price / book
- 25.9
- EV / EBITDA
- 18.8 10-yr median 18.0
- Dividend yield
- 1.13% $1.90 a year
- Beta
- 1.03
IHG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIHG valuation Price multiples at each fiscal year-end price.
IHG returns How much profit the business earns on the capital it uses.
IHG per-share figures Results divided by the shares outstanding at year-end.
IHG financial health Debt, liquidity and how easily interest is covered.
IHG efficiency & capital use Working capital cycle and where the cash goes.
IHG valuation history
IHG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IHG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IHG cash returned to shareholders
IHG price vs earnings per share
IHG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $21.94B | $20.38B | $15.50B | $10.73B | $12.00B | $11.85B | $12.64B | $11.04B | $12.33B | $9.50B |
| Enterprise value | $25.43B | $23.05B | $17.76B | $12.58B | $13.81B | $14.44B | $15.26B | $12.98B | $14.17B | $10.99B |
| P/E ratio | 28.9 | 32.4 | 20.7 | 28.6 | 45.1 | — | 32.8 | 31.5 | 22.8 | 22.9 |
| Price / sales | 4.2 | 4.1 | 4.2 | 2.8 | 4.1 | 5.0 | 2.7 | 2.5 | 3.0 | 5.5 |
| Price / free cash flow | 25.2 | 31.5 | 19.1 | 19.6 | 20.5 | 194.3 | 26.7 | 21.7 | 34.2 | 17.6 |
| Price / operating cash flow | 24.4 | 28.1 | 17.4 | 16.6 | 18.9 | 86.5 | 19.3 | 16.6 | 19.5 | 12.6 |
| EV / sales | 4.9 | 4.7 | 4.8 | 3.2 | 4.8 | 6.0 | 3.3 | 3.0 | 3.5 | 6.4 |
| EV / EBITDA | 20.8 | 18.5 | 13.9 | 15.4 | 20.0 | 465.9 | 18.5 | 17.5 | 17.2 | 12.9 |
| EV / free cash flow | 29.2 | 35.7 | 21.9 | 23.0 | 23.6 | 236.8 | 32.2 | 25.6 | 39.2 | 20.3 |
| Earnings yield | 3.5% | 3.1% | 4.8% | 3.5% | 2.2% | −2.2% | 3.0% | 3.2% | 4.4% | 4.4% |
| Free cash flow yield | 4.0% | 3.2% | 5.2% | 5.1% | 4.9% | 0.5% | 3.8% | 4.6% | 2.9% | 5.7% |
| Dividend yield | 1.2% | 1.3% | 1.6% | 2.2% | 1.9% | 2.0% | 5.7% | 1.8% | 4.8% | 17.8% |
| Shareholder yield (dividends + buybacks) | 5.4% | 5.2% | 6.7% | 6.7% | 1.9% | 2.0% | 5.7% | 1.8% | 4.8% | 17.9% |
| Share price at fiscal year-end | $140.83 | $124.92 | $91.18 | $58.34 | $65.21 | $65.12 | $68.67 | $57.52 | $66.92 | $48.81 |
| Per share | ||||||||||
| Revenue per share | $33.31 | $30.18 | $21.93 | $21.15 | $15.80 | $13.15 | $25.15 | $22.59 | $22.11 | $8.81 |
| Earnings per share | $4.87 | $3.85 | $4.41 | $2.04 | $1.45 | −$1.43 | $2.09 | $1.83 | $2.93 | $2.13 |
| Operating cash flow per share | $5.76 | $4.44 | $5.25 | $3.51 | $3.46 | $0.75 | $3.55 | $3.47 | $3.44 | $3.86 |
| Free cash flow per share | $5.58 | $3.96 | $4.77 | $2.97 | $3.17 | $0.34 | $2.58 | $2.65 | $1.96 | $2.77 |
| Cash per share | $7.27 | $6.22 | $7.82 | $5.30 | $7.89 | $8.94 | $1.08 | $3.67 | $1.00 | $1.16 |
| Book value per share | −$17.59 | −$14.17 | −$11.47 | −$8.78 | −$8.05 | −$10.20 | −$8.01 | −$5.61 | −$7.10 | −$3.94 |
| Tangible book value per share | −$25.01 | −$20.56 | −$17.94 | −$14.99 | −$14.54 | −$17.31 | −$15.48 | −$13.19 | −$15.06 | −$8.35 |
| Dividends per share | $1.73 | $1.59 | $1.44 | $1.27 | $1.27 | $1.28 | $3.92 | $1.04 | $3.22 | $8.70 |
| Capex per share | $0.18 | $0.48 | $0.48 | $0.54 | $0.28 | $0.42 | $0.97 | $0.82 | $1.48 | $1.09 |
| Debt per share | $29.65 | $22.61 | $21.13 | $15.34 | $17.74 | $23.17 | $15.35 | $13.78 | $10.95 | $8.80 |
| Shares outstanding | 155.8M | 163.1M | 170.0M | 184.0M | 184.0M | 182.0M | 184.0M | 192.0M | 184.3M | 194.6M |
| Change in shares outstanding | −4.5% | −4.0% | −7.6% | 0.0% | +1.1% | −1.1% | −4.2% | +4.2% | −5.3% | +7.9% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 153.0% | 216.3% | 290.5% | 155.3% | 68.2% | 13.8% | 44.5% | 59.1% | 96.4% | 61.4% |
| Return on assets (ROA) | 15.0% | 13.1% | 16.6% | 8.4% | 5.5% | −5.8% | 10.0% | 10.4% | 18.2% | 12.4% |
| Return on tangible assets | 18.1% | 16.9% | 20.2% | 12.2% | 7.6% | −6.9% | 14.8% | 15.3% | 35.0% | 20.0% |
| Free cash flow margin | 16.8% | 13.1% | 21.8% | 14.1% | 20.1% | 2.5% | 10.2% | 11.7% | 8.9% | 31.5% |
| Income quality (OCF / net income) | 1.18 | 1.15 | 1.19 | 1.72 | 2.39 | — | 1.70 | 1.90 | 1.17 | 1.82 |
| Financial health | ||||||||||
| Total debt | $4.62B | $3.69B | $3.59B | $2.82B | $3.26B | $4.22B | $2.83B | $2.65B | $2.02B | $1.71B |
| Cash & short-term investments | $1.13B | $1.01B | $1.33B | $976.0M | $1.45B | $1.63B | $199.0M | $705.0M | $184.0M | $226.0M |
| Net debt | $3.49B | $2.67B | $2.26B | $1.85B | $1.81B | $2.59B | $2.63B | $1.94B | $1.83B | $1.49B |
| Debt / assets | 0.86 | 0.78 | 0.75 | 0.67 | 0.69 | 0.84 | 0.71 | 0.70 | 0.67 | 0.58 |
| Net debt / EBITDA | 2.86 | 2.15 | 1.77 | 2.27 | 2.62 | 83.55 | 3.18 | 2.61 | 2.23 | 1.75 |
| Current ratio | 0.98 | 0.97 | 0.97 | 1.09 | 1.27 | 1.20 | 0.67 | 1.00 | 0.67 | 0.69 |
| Quick ratio | 0.97 | 0.97 | 0.97 | 1.08 | 1.27 | 1.20 | 0.67 | 1.00 | 0.67 | 0.68 |
| Interest coverage | 5.9 | 5.1 | 11.7 | 4.9 | 3.4 | 1.1 | 5.2 | 5.7 | 9.6 | 7.9 |
| Working capital | −$51.0M | −$59.0M | −$61.0M | $134.0M | $442.0M | $376.0M | −$452.0M | $6.0M | −$417.0M | −$356.0M |
| Invested capital | $746.0M | $361.0M | $313.0M | $232.0M | $331.0M | $733.0M | $1.15B | $863.0M | $527.0M | $719.0M |
| Tangible asset value | −$3.89B | −$3.35B | −$3.04B | −$2.75B | −$2.67B | −$3.14B | −$2.84B | −$2.53B | −$2.77B | −$1.62B |
| Net current asset value | −$6.03B | −$5.19B | −$4.63B | −$4.15B | −$4.12B | −$4.64B | −$4.51B | −$3.45B | −$3.45B | −$2.91B |
| Graham net-net per share | −$40.35 | −$33.56 | −$29.21 | −$24.20 | −$23.99 | −$27.52 | −$26.13 | −$18.89 | −$19.80 | −$15.93 |
| Capital allocation | ||||||||||
| Dividends paid | $270.0M | $259.0M | $245.0M | $233.0M | $233.0M | $233.0M | $721.0M | $199.0M | $593.0M | $1.69B |
| Share buybacks (net) | $907.0M | $804.0M | $790.0M | $483.0M | $0 | $0 | $5.0M | $3.0M | $3.0M | $10.0M |
| Dividend payout ratio | 35.6% | 41.2% | 32.7% | 62.1% | 87.6% | — | 187.3% | 56.7% | 109.8% | 408.9% |
| Dividends + buybacks / free cash flow | 135.3% | 164.6% | 127.6% | 130.9% | 39.9% | 382.0% | 153.2% | 39.8% | 165.1% | 315.4% |
| Capex / revenue | 0.5% | 1.6% | 2.2% | 2.5% | 1.8% | 3.2% | 3.9% | 3.6% | 6.7% | 12.4% |
| Capex / operating cash flow | 3.1% | 10.8% | 9.2% | 15.3% | 8.2% | 55.5% | 27.4% | 23.7% | 43.1% | 28.2% |
| Capex / depreciation | 0.19 | 0.54 | 0.55 | 0.64 | 0.27 | 0.44 | 1.05 | 1.26 | 3.46 | 1.67 |
| Stock-based compensation / revenue | 1.4% | 1.4% | 1.5% | 1.2% | 1.4% | 1.3% | 0.9% | 0.9% | 0.5% | 1.0% |
| SG&A / revenue | 7.3% | 7.3% | 9.1% | 9.1% | 10.0% | 14.7% | 7.1% | 7.2% | 7.5% | 19.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.4 | 50.7 | 55.8 | 44.7 | 47.9 | 69.3 | 48.8 | 54.6 | 49.8 | 88.4 |
| Days of inventory on hand | 0.5 | 0.5 | 0.9 | 0.5 | 0.8 | 1.1 | 0.6 | 0.4 | 0.4 | 1.9 |
| Days payables outstanding | 68.5 | 40.9 | 28.5 | 17.0 | 17.1 | 16.7 | 38.2 | 68.0 | 69.3 | 192.9 |
| Cash conversion cycle (days) | -10.7 | 10.3 | 28.2 | 28.2 | 31.6 | 53.7 | 11.2 | -13.0 | -19.1 | -102.6 |
| Receivables turnover | 6.36 | 7.20 | 6.55 | 8.17 | 7.62 | 5.27 | 7.49 | 6.69 | 7.32 | 4.13 |
| Payables turnover | 5.33 | 8.93 | 12.82 | 21.47 | 21.31 | 21.86 | 9.56 | 5.37 | 5.26 | 1.89 |
| Inventory turnover | 784.67 | 770.67 | 397.56 | 700.50 | 447.56 | 337.82 | 615.09 | 814.00 | 983.33 | 193.33 |
| Asset turnover | 1.03 | 1.03 | 0.83 | 0.87 | 0.60 | 0.53 | 1.20 | 1.28 | 1.37 | 0.51 |
| Average receivables | $816.0M | $683.5M | $569.5M | $476.5M | $381.5M | $454.5M | $618.0M | $648.5M | $556.5M | $415.5M |
| Average payables | $663.0M | $388.5M | $139.5M | $130.5M | $94.5M | $85.0M | $354.0M | $606.5M | $560.5M | $306.5M |
| Average inventory | $4.5M | $4.5M | $4.5M | $4.0M | $4.5M | $5.5M | $5.5M | $4.0M | $3.0M | $3.0M |
| Intangibles / total assets | 21.6% | 21.9% | 22.8% | 27.1% | 25.3% | 25.7% | 34.6% | 38.8% | 48.7% | 29.3% |
Computed from IHG's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IHG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), InterContinental Hotels traded at 28.9 times earnings, against a 10-year median of 28.9. Based on the latest twelve months, the trailing P/E is 35.6 and the forward P/E is 22.3. InterContinental Hotels earned a return on invested capital of 153.0% in fiscal 2025. It ended the year with $4.6 billion of debt and $1.1 billion in cash and short-term investments, net debt of $3.5 billion. It returned $1.2 billion to shareholders: $270.0 million in dividends and $907.0 million in share buybacks, 135% of free cash flow. The share count fell 20.0% from 194.6M to 155.8M over 9 years.
See the IHG income statement, the IHG chart for price history, or the IHG stock overview for the latest quote and news.
IHG key metrics FAQ
What is InterContinental Hotels's P/E ratio?
InterContinental Hotels's trailing P/E ratio is 35.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.3. At the end of fiscal 2025 it was 28.9, compared with a 10-year median of 28.9.
What is InterContinental Hotels's EV/EBITDA?
InterContinental Hotels's enterprise value was 20.8 times EBITDA at the end of fiscal 2025 (enterprise value $25.4 billion, EBITDA $1.2 billion); the current EV/EBITDA is 18.8.
What is InterContinental Hotels's ROIC?
InterContinental Hotels's return on invested capital was 153.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does InterContinental Hotels have?
InterContinental Hotels had total debt of $4.6 billion at the end of fiscal 2025 and $3.5 billion of net debt (2.86 times EBITDA).
What is InterContinental Hotels's dividend yield?
InterContinental Hotels's forward dividend yield is 1.13%. InterContinental Hotels paid $270.0 million in dividends in fiscal 2025 ($1.73 per share), a payout ratio of 35.6%.
Does InterContinental Hotels buy back its shares?
Yes. InterContinental Hotels spent $907.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.5% over the year, to 155.8M..
What is InterContinental Hotels's free cash flow yield?
InterContinental Hotels generated $870.0 million of free cash flow in fiscal 2025, a free cash flow yield of 4.0% on its market value at year-end ($21.9 billion).
What is InterContinental Hotels's current ratio?
InterContinental Hotels's current ratio was 0.98 at the end of fiscal 2025: current assets were 0.98 times current liabilities.