Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: TCOM stock price vs BKNG: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BKNG's multiple
Needs BKNG P/E.
Implied fair value · at TCOM's multiple
Needs TCOM P/E.
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TCOM FY 2025 (ended Dec 31, 2025) · BKNG FY 2025 (ended Dec 31, 2025).
Trendline
13 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Trip.com Group Limited · implied price per share
Bear
$44.23
Base
$50.54
Bull
$58.76
Booking Holdings Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.18x
-3.70x
Net debt / EBITDA
Leverage against operating earnings
-0.99x
1.19x
Cash and equivalents
Liquid reserves on the balance sheet
$10.28B
$17.20B
Total debt
Interest-bearing obligations outstanding
$4.40B
$20.62B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe TCOM can sustain its 22.2% revenue growth and 80.6% gross margin without meaningful multiple compression, then holding or accumulating makes sense because the DCF range of $70.02-$94.74 sits well above the current $47.01 price.
TCOM trades at much richer multiples than BKNG on every provided earnings and sales metric, with P/E at 75.0x versus 1.2x, P/S at 23.1x versus 5.6x, and EV/Revenue at 22.4x versus 5.7x. The stated implied price of $0.73 versus a current price of $47.01 implies -98.4% downside, but that result conflicts with the much higher DCF range of $70.02-$94.74 and should be treated cautiously.
Supporting Metrics
