Valuation
26% of the score
30median 53
Airbnb is valued at 34.1x its operating profit, including debt: a very rich multiple.
60x
50x
35x
25x
18x
12x
8x
34.1x
Full points at 8x or less, none from 60xfull points
ABNBAirbnb
$172.02+40% 1Y
$172.02
$111.5452 weeks$190.47
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 72 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Airbnb scores higher than 81% of the 2,231 companies Ryufin scores.
Carried by return on capital and return on new capital, held back by valuation.
Consumer Cyclical median 66 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time56
38
67
74
72
2022202320242025today
The biggest move was up 29 points from 2023 to 2024, mostly return on new capital.
Return on capital
18% of the score
100median 24
Customers and suppliers fund the business: it runs on no capital of its own.
Return on new capital
16% of the score
100median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 48 cents. New capital earned 422%, and 11% of profit went back into the business.
-5%
12%
48%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
75median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 0.3% a year over 4 years: new shares
595%
-3%
0.3%
0 pointsfull points
Assets against salesAssets grew 16% a year, sales 29%
10012%
-2%
-13%
0 pointsfull points
Cycle position
12% of the score
46median 63
Today's operating margin of 21% is 1.24x its normal 17%: above its usual level. Normal is half the 7 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.2x
A trough earns points, a peak costs themfull points
7 years agonow 21%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDAMore cash than debt
100Interest coverNo interest to pay
100Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.31x profit over 3 years
1000.7x
1x
1.3x
1.3x
0 pointsfull points
AccrualsCash ran ahead of profit by 9.9% of assets
1008%
0%
-8%
-9.9%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
On our screens:Stocks with no debt
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