MakeMyTrip Ltd
NASDAQ:MMYT

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MakeMyTrip Ltd
NASDAQ:MMYT
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Price: 114.17 USD -1.31% Market Closed
Market Cap: 12.5B USD
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Relative Value

The Relative Value of one MMYT stock under the Base Case scenario is 74.27 USD. Compared to the current market price of 114.17 USD, MakeMyTrip Ltd is Overvalued by 35%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MMYT Relative Value
Base Case
74.27 USD
Overvaluation 35%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
4
Median 3Y
8.4
Median 5Y
8.3
Industry
1.4
Forward
12.4
vs History
15
vs Industry
11
Median 3Y
-59.1
Median 5Y
-15.8
Industry
20.2
Forward
83.5
vs History
34
vs Industry
4
Median 3Y
62.3
Median 5Y
54.5
Industry
9.8
vs History
34
vs Industry
6
Median 3Y
58.5
Median 5Y
44.7
Industry
18.6
vs History
1
vs Industry
8
Median 3Y
3.8
Median 5Y
3.4
Industry
2.2
vs History
15
vs Industry
5
Median 3Y
7.8
Median 5Y
7.5
Industry
1.9
Forward
11.9
vs History
4
vs Industry
10
Median 3Y
10.3
Median 5Y
9.9
Industry
3.8
vs History
17
vs Industry
2
Median 3Y
95.9
Median 5Y
-3.4
Industry
10.7
Forward
62
vs History
12
vs Industry
3
Median 3Y
95.9
Median 5Y
-3.7
Industry
16.5
Forward
68.2
vs History
31
vs Industry
4
Median 3Y
59.2
Median 5Y
48.6
Industry
11.9
vs History
31
vs Industry
7
Median 3Y
55.7
Median 5Y
47.5
Industry
17.4
vs History
1
vs Industry
4
Median 3Y
3.8
Median 5Y
3.3
Industry
1.3

Multiples Across Competitors

MMYT Competitors Multiples
MakeMyTrip Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
MakeMyTrip Ltd
NASDAQ:MMYT
12.5B USD 14.2 53.3 129 129
US
Booking Holdings Inc
NASDAQ:BKNG
170B USD 7.4 33.7 24 26.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 42.2 264.5 155.1 195.7
US
Airbnb Inc
NASDAQ:ABNB
85.1B USD 7.9 46.3 45 46.6
US
Marriott International Inc
NASDAQ:MAR
79.8B USD 3.2 28.8 22.7 24.4
US
Royal Caribbean Cruises Ltd
NYSE:RCL
64.6B USD 4 24.8 14.7 20.3
US
Hilton Worldwide Holdings Inc
NYSE:HLT
62B USD 5.6 52.6 28.9 30.7
MY
Grand Central Enterprises Bhd
KLSE:GCE
261.2B MYR 10 139.8 -11 244.1 -11 189.2 -8 884.3
CN
Trip.com Group Ltd
HKEX:9961
365.3B HKD 7 24.4 19.8 21.1
US
Carnival Corp
NYSE:CCL
32.7B USD 1.3 20.9 9.8 17
UK
Carnival PLC
LSE:CCL
23.5B GBP 1.3 32.6 488.5 907.3
P/E Multiple
Earnings Growth P/E to Growth
IN
MakeMyTrip Ltd
NASDAQ:MMYT
Average P/E: 58.2
53.3
25%
2.1
US
Booking Holdings Inc
NASDAQ:BKNG
33.7
89%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
264.5
35%
7.7
US
Airbnb Inc
NASDAQ:ABNB
46.3
-32%
N/A
US
Marriott International Inc
NASDAQ:MAR
28.8
9%
3.4
US
Royal Caribbean Cruises Ltd
NYSE:RCL
24.8
172%
0.1
US
Hilton Worldwide Holdings Inc
NYSE:HLT
52.6
100%
0.5
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -11 244.1 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
24.4
96%
0.3
US
Carnival Corp
NYSE:CCL
20.9
N/A N/A
UK
Carnival PLC
LSE:CCL
32.6
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
MakeMyTrip Ltd
NASDAQ:MMYT
Average EV/EBITDA: 93.8
129
175%
0.7
US
Booking Holdings Inc
NASDAQ:BKNG
24
64%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
155.1
42%
3.7
US
Airbnb Inc
NASDAQ:ABNB
45
214%
0.2
US
Marriott International Inc
NASDAQ:MAR
22.7
37%
0.6
US
Royal Caribbean Cruises Ltd
NYSE:RCL
14.7
70%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
28.9
67%
0.4
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -11 189.2 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
19.8
82%
0.2
US
Carnival Corp
NYSE:CCL
9.8
63%
0.2
UK
Carnival PLC
LSE:CCL
488.5
64%
7.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
MakeMyTrip Ltd
NASDAQ:MMYT
Average EV/EBIT: 141.8
129
252%
0.5
US
Booking Holdings Inc
NASDAQ:BKNG
26.1
69%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
195.7
58%
3.4
US
Airbnb Inc
NASDAQ:ABNB
46.6
120%
0.4
US
Marriott International Inc
NASDAQ:MAR
24.4
27%
0.9
US
Royal Caribbean Cruises Ltd
NYSE:RCL
20.3
87%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
30.7
59%
0.5
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -8 884.3 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
21.1
100%
0.2
US
Carnival Corp
NYSE:CCL
17
116%
0.1
UK
Carnival PLC
LSE:CCL
907.3
119%
7.6

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