Travelzoo (TZOO) Key Metrics
TZOO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $51.3M
- Enterprise value
- $56.2M
- P/E (TTM)
- 100.6 10-yr median 19.8
- Forward P/E
- 7.2
- PEG ratio
- 1.14
- Price / sales
- 0.6 10-yr median 1.2
- Price / book
- 179.3 10-yr median 8.7
- EV / EBITDA
- 28.7 10-yr median 9.3
- Dividend yield
- —
- Beta
- 1.36
TZOO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTZOO valuation Price multiples at each fiscal year-end price.
TZOO returns How much profit the business earns on the capital it uses.
TZOO per-share figures Results divided by the shares outstanding at year-end.
TZOO financial health Debt, liquidity and how easily interest is covered.
TZOO efficiency & capital use Working capital cycle and where the cash goes.
TZOO valuation history
TZOO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TZOO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TZOO cash returned to shareholders
TZOO price vs earnings per share
TZOO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $81.7M | $256.4M | $142.6M | $55.9M | $122.4M | $107.1M | $128.8M | $123.0M | $83.2M | $131.6M |
| Enterprise value | $81.9M | $247.5M | $136.1M | $48.5M | $90.9M | $62.1M | $122.8M | $105.4M | $61.6M | $105.4M |
| P/E ratio | 17.4 | 18.9 | 11.5 | 8.4 | 134.3 | — | 31.0 | 26.4 | 23.6 | 19.8 |
| Price / sales | 0.9 | 3.1 | 1.7 | 0.8 | 2.0 | 2.0 | 1.2 | 1.1 | 0.8 | 1.0 |
| Price / book | — | — | 24.0 | 6.2 | — | 56.6 | 11.9 | 8.7 | 6.4 | 7.3 |
| Price / free cash flow | 14.6 | 12.3 | 13.7 | — | — | 2.3 | 11.8 | 26.9 | 62.2 | 16.8 |
| Price / operating cash flow | 14.4 | 12.2 | 13.4 | — | — | 2.3 | 11.3 | 23.1 | 40.1 | 15.1 |
| EV / sales | 0.9 | 2.9 | 1.6 | 0.7 | 1.4 | 1.2 | 1.2 | 0.9 | 0.6 | 0.8 |
| EV / EBITDA | 10.3 | 12.4 | 7.2 | 4.0 | 20.1 | — | 6.7 | 10.5 | 9.3 | 7.8 |
| EV / free cash flow | 14.6 | 11.8 | 13.1 | — | — | 1.3 | 11.3 | 23.1 | 46.1 | 13.5 |
| Earnings yield | 5.8% | 5.3% | 8.7% | 11.9% | 0.7% | −12.5% | 3.2% | 3.8% | 4.2% | 5.0% |
| Free cash flow yield | 6.8% | 8.2% | 7.3% | −44.1% | −6.6% | 43.7% | 8.4% | 3.7% | 1.6% | 5.9% |
| Dividend yield | — | — | — | — | — | 0.1% | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 16.0% | 7.4% | 11.8% | 2.9% | 4.5% | 1.2% | 8.4% | 4.3% | 11.7% | 7.3% |
| Share price at fiscal year-end | $7.12 | $19.95 | $9.53 | $4.45 | $9.42 | $9.44 | $10.70 | $9.83 | $6.45 | $9.40 |
| Per share | ||||||||||
| Revenue per share | $7.99 | $6.53 | $5.65 | $5.62 | $4.83 | $4.73 | $8.72 | $8.90 | $8.26 | $9.18 |
| Earnings per share | $0.41 | $1.06 | $0.83 | $0.53 | $0.07 | −$1.18 | $0.35 | $0.37 | $0.27 | $0.47 |
| Operating cash flow per share | $0.49 | $1.64 | $0.71 | −$1.84 | −$0.62 | $4.14 | $0.94 | $0.43 | $0.16 | $0.62 |
| Free cash flow per share | $0.49 | $1.63 | $0.70 | −$1.96 | −$0.62 | $4.12 | $0.90 | $0.36 | $0.10 | $0.56 |
| Cash per share | $0.87 | $1.33 | $1.05 | $1.49 | $3.37 | $5.56 | $1.56 | $1.44 | $1.75 | $1.92 |
| Book value per share | −$0.65 | −$0.04 | $0.40 | $0.72 | −$0.33 | $0.17 | $0.90 | $1.12 | $1.01 | $1.29 |
| Tangible book value per share | −$1.73 | −$1.00 | −$0.47 | −$0.44 | −$1.43 | −$1.20 | $0.90 | $1.12 | $1.01 | $1.29 |
| Dividends per share | — | — | — | — | — | $0.01 | — | — | $0.00 | $0.00 |
| Capex per share | $0.01 | $0.01 | $0.02 | $0.12 | $0.00 | $0.02 | $0.04 | $0.06 | $0.06 | $0.06 |
| Debt per share | $0.89 | $0.63 | $0.62 | $0.90 | $0.95 | $1.59 | $1.06 | $0.04 | $0.07 | $0.05 |
| Shares outstanding | 11.5M | 12.9M | 15.0M | 12.6M | 13.0M | 11.3M | 12.0M | 12.5M | 12.9M | 14.0M |
| Change in shares outstanding | −10.7% | −14.1% | +19.1% | −3.3% | +14.5% | −5.7% | −3.8% | −3.0% | −7.9% | −4.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | 165.5% | 277.7% | — | −210.5% | 33.3% | 34.4% | 22.7% | 33.6% |
| Return on assets (ROA) | 9.4% | 24.0% | 18.8% | 7.6% | 0.9% | −16.8% | 8.3% | 10.5% | 7.1% | 10.8% |
| Return on tangible assets | 14.4% | 32.1% | 27.3% | 11.2% | 1.0% | −15.4% | 7.3% | 10.7% | 7.7% | 12.4% |
| Free cash flow margin | 6.1% | 24.9% | 12.3% | −34.9% | −12.9% | 87.2% | 10.4% | 4.1% | 1.3% | 6.1% |
| Income quality (OCF / net income) | 1.20 | 1.56 | 0.86 | −3.49 | −8.87 | — | 2.73 | 1.14 | 0.59 | 1.32 |
| Financial health | ||||||||||
| Total debt | $10.2M | $8.1M | $9.2M | $11.3M | $12.3M | $18.0M | $12.8M | $489,000 | $961,000 | $691,000 |
| Cash & short-term investments | $10.0M | $17.1M | $15.7M | $18.7M | $43.8M | $63.1M | $18.7M | $18.0M | $22.6M | $26.8M |
| Net debt | $172,000 | −$8.9M | −$6.5M | −$7.4M | −$31.5M | −$45.0M | −$6.0M | −$17.5M | −$21.6M | −$26.1M |
| Debt / equity | — | — | 1.56 | 1.25 | — | 9.53 | 1.18 | 0.03 | 0.07 | 0.04 |
| Debt / assets | 0.23 | 0.15 | 0.16 | 0.15 | 0.12 | 0.18 | 0.22 | 0.01 | 0.02 | 0.01 |
| Net debt / EBITDA | 0.02 | −0.45 | −0.34 | −0.61 | −6.99 | — | −0.33 | −1.74 | −3.26 | −1.92 |
| Current ratio | 0.68 | 0.87 | 0.90 | 0.75 | 0.74 | 0.85 | 1.03 | 1.24 | 1.26 | 1.49 |
| Quick ratio | 0.68 | 0.87 | 0.81 | 0.69 | 0.70 | 0.83 | 1.00 | 1.22 | 1.23 | 1.44 |
| Interest coverage | — | — | 6.6 | 3.2 | -0.3 | -1.8 | 33.1 | — | — | — |
| Working capital | −$10.8M | −$4.7M | −$3.4M | −$11.9M | −$22.8M | −$12.8M | $1.1M | $6.4M | $7.6M | $14.6M |
| Invested capital | −$7.3M | −$9.4M | −$527,000 | $1.6M | −$35.8M | −$43.1M | $4.9M | −$3.5M | −$8.5M | −$8.1M |
| Tangible asset value | −$14.8M | −$8.1M | −$2.4M | −$991,000 | −$14.0M | −$9.0M | $10.9M | $14.1M | $13.1M | $18.1M |
| Net current asset value | −$24.2M | −$18.6M | −$16.9M | −$24.4M | −$36.3M | −$25.9M | −$10.1M | $3.8M | $4.6M | $9.0M |
| Graham number | — | — | $2.72 | $2.92 | — | — | $2.65 | $3.07 | $2.50 | $3.71 |
| Graham net-net per share | −$2.56 | −$1.84 | −$1.39 | −$2.33 | −$3.44 | −$2.54 | −$1.54 | −$0.13 | −$0.06 | $0.21 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $60,000 | — | — | $0 | $0 |
| Share buybacks (net) | $13.1M | $18.9M | $16.8M | $1.6M | $5.5M | $1.2M | $10.8M | $5.3M | $9.7M | $9.7M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 233.5% | 90.5% | 161.0% | — | — | 2.7% | 99.4% | 115.9% | 726.4% | 123.7% |
| Capex / revenue | 0.1% | 0.2% | 0.3% | 2.1% | 0.0% | 0.5% | 0.5% | 0.7% | 0.7% | 0.7% |
| Capex / operating cash flow | 1.1% | 0.8% | 2.4% | — | — | 0.5% | 4.2% | 14.1% | 35.6% | 10.4% |
| Capex / depreciation | 0.21 | 0.20 | 0.13 | 0.69 | 0.02 | 0.11 | 0.36 | 0.41 | 0.36 | 0.36 |
| Stock-based compensation / revenue | 1.6% | 2.0% | 1.9% | 2.6% | 6.0% | 11.6% | 1.3% | 0.8% | 0.9% | 0.7% |
| R&D / revenue | 2.8% | 2.9% | 2.5% | 2.9% | 4.1% | 5.7% | 6.4% | 8.1% | 8.7% | 7.3% |
| SG&A / revenue | 70.0% | 62.6% | 66.1% | 72.2% | 79.8% | 95.4% | 66.5% | 73.5% | 75.0% | 72.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.9 | 56.1 | 58.4 | 74.8 | 56.4 | 53.6 | 41.5 | 40.0 | 44.9 | 43.7 |
| Days of inventory on hand | 1.3 | — | 98.1 | 117.5 | 76.9 | 41.5 | 26.5 | 19.8 | 31.3 | 61.3 |
| Days payables outstanding | 140.3 | 545.7 | 491.4 | 1,393.2 | 2,182.5 | 1,441.8 | 582.2 | 539.0 | 548.8 | 553.0 |
| Cash conversion cycle (days) | -92.2 | -438.4 | -334.9 | -1,200.9 | -2,049.2 | -1,346.7 | -514.2 | -479.2 | -472.6 | -447.9 |
| Receivables turnover | 7.79 | 6.51 | 6.25 | 4.88 | 6.47 | 6.82 | 8.80 | 9.12 | 8.14 | 8.34 |
| Payables turnover | 2.60 | 0.67 | 0.74 | 0.26 | 0.17 | 0.25 | 0.63 | 0.68 | 0.67 | 0.66 |
| Inventory turnover | 291.55 | — | 3.72 | 3.11 | 4.75 | 8.80 | 13.79 | 18.42 | 11.65 | 5.95 |
| Asset turnover | 1.84 | 1.49 | 1.28 | 0.81 | 0.61 | 0.67 | 2.09 | 2.50 | 2.15 | 2.10 |
| Average receivables | $11.8M | $12.9M | $13.5M | $14.5M | $9.7M | $7.9M | $11.9M | $12.2M | $13.1M | $15.4M |
| Average payables | $6.9M | $15.7M | $14.7M | $38.2M | $68.1M | $41.7M | $18.2M | $18.1M | $19.4M | $21.7M |
| Average inventory | $62,000 | $1.5M | $2.9M | $3.2M | $2.4M | $1.2M | $829,500 | $666,000 | $1.1M | $2.4M |
| Intangibles / total assets | 27.5% | 22.7% | 22.4% | 19.8% | 14.1% | 15.1% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TZOO's annual financial statements (latest annual report filed March 11, 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.
TZOO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Travelzoo traded at 17.4 times earnings, against a 10-year median of 19.8. Based on the latest twelve months, the trailing P/E is 100.6 and the forward P/E is 7.2. It ended the year with $10.2 million of debt and $10.0 million in cash and short-term investments, net debt of $0.2 million. It returned $13.1 million to shareholders: $0 in dividends and $13.1 million in share buybacks, 234% of free cash flow. The share count fell 18.0% from 14.0M to 11.5M over 9 years.
See the TZOO income statement, the TZOO chart for price history, or the TZOO stock overview for the latest quote and news.
TZOO key metrics FAQ
What is Travelzoo's P/E ratio?
Travelzoo's trailing P/E ratio is 100.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.2. At the end of fiscal 2025 it was 17.4, compared with a 10-year median of 19.8.
What is Travelzoo's EV/EBITDA?
Travelzoo's enterprise value was 10.3 times EBITDA at the end of fiscal 2025 (enterprise value $81.9 million, EBITDA $8.0 million); the current EV/EBITDA is 28.7.
How much debt does Travelzoo have?
Travelzoo had total debt of $10.2 million at the end of fiscal 2025 and $0.2 million of net debt (0.02 times EBITDA).
Does Travelzoo buy back its shares?
Yes. Travelzoo spent $13.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −10.7% over the year, to 11.5M..
What is Travelzoo's free cash flow yield?
Travelzoo generated $5.6 million of free cash flow in fiscal 2025, a free cash flow yield of 6.8% on its market value at year-end ($81.7 million).
What is Travelzoo's current ratio?
Travelzoo's current ratio was 0.68 at the end of fiscal 2025: current assets were 0.68 times current liabilities.