RingCentral, Inc.
$3.84B- Market cap
- $2.72B
- Debt
- +$1.25B
- Cash
- −$132.56M
Capital structure 68% equity / 32% debt · EV / Revenue 1.53x · EV / EBITDA 11.54x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: RNG stock price at premium vs TCOM $73.39 current versus $2.72 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at TCOM's multiple
Implied fair value · at RNG's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: RNG FY 2025 (ended Dec 31, 2025) · TCOM FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 68% equity / 32% debt · EV / Revenue 1.53x · EV / EBITDA 11.54x
Capital structure 86% equity / 14% debt · EV / Revenue 2.33x · EV / EBITDA 3.50x
TCOM carries the larger enterprise value at $20.78B against $3.84B; RNG trades on the lower EV / Revenue multiple (1.53x vs 2.33x); TCOM on the lower EV / EBITDA (3.50x vs 11.54x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
RingCentral, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Trip.com Group Limited · implied price per share
Bear
$48.75
Base
$56.62
Bull
$67.25
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-2.13x
0.18x
Net debt / EBITDA
Leverage against operating earnings
3.37x
-0.99x
Cash and equivalents
Liquid reserves on the balance sheet
$132.56M
$10.28B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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