As of today (2024-05-07), Trip.com Group's current share price is HK$415.80. Trip.com Group's E10 for the quarter that ended in Dec. 2023 was HK$3.78. Trip.com Group's Shiller PE Ratio for today is 110.00.
The historical rank and industry rank for Trip.com Group's Shiller PE Ratio or its related term are showing as below:
HKSE:09961'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 39.95 Med: 80.8 Max: 149.28
Current: 112.38
During the past years, Trip.com Group's highest Shiller PE Ratio was 149.28. The lowest was 39.95. And the median was 80.80.
HKSE:09961's Shiller PE Ratio is ranked worse than 88.64% of 396
companies
in the Travel & Leisure industry
Industry Median: 26.555
vs HKSE:09961: 112.38
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Trip.com Group's adjusted earnings per share data for the three months ended in Dec. 2023 was HK$2.122. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$3.78 for the trailing ten years ended in Dec. 2023.
Shiller PE for Stocks: The True Measure of Stock Valuation
Trip.com Group Shiller PE Ratio Historical Data
The historical data trend for Trip.com Group's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Trip.com Group's Shiller PE Ratio
For the Travel Services subindustry, Trip.com Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Trip.com Group's Shiller PE Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Trip.com Group's Shiller PE Ratio falls into.
Trip.com Group Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Trip.com Group's Shiller PE Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Trip.com Group's E10 for the quarter that ended in Dec. 2023 is calculated as:
For example, Trip.com Group's adjusted earnings per share data for the three months ended in Dec. 2023 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Trip.com Group (HKSE:09961) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Trip.com Group Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of Trip.com Group's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
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