Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Booking Holdings Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Booking Holdings Inc. Annual Report.


The price-to-earnings (P/E) ratio exhibits considerable fluctuation over the observed period. Initially, the ratio demonstrates volatility, moving from 4.89 to 27.59 between 2006 and 2007, then stabilizing in the range of 24 to 35 for several years before experiencing another period of change.

Early Period (2006-2009)
The P/E ratio began at 4.89 and increased substantially to 27.59 in 2007. It remained elevated at 28.14 in 2008 before decreasing to 17.74 in 2009, potentially reflecting market conditions during that time. This initial period suggests a sensitivity to earnings fluctuations and investor sentiment.
Mid-Period Stability (2010-2016)
From 2010 through 2016, the P/E ratio generally fluctuated between approximately 21 and 43. While variations existed, the ratio remained within a relatively defined range, indicating a period of more consistent valuation. A peak of 42.86 was observed in 2011, followed by a decline and subsequent stabilization around the mid-20s to upper-30s.
Recent Fluctuations (2017-2025)
Beginning in 2017, the P/E ratio showed renewed volatility. It remained around 38-39 in 2017 and 2018, then decreased significantly to 21.46 in 2019 and 14.16 in 2020. A dramatic spike occurred in 2021, reaching an exceptionally high value of 1,696.44, likely due to a substantial decrease in earnings per share during that year. Following this outlier, the ratio decreased to 86.68 in 2021 and then to 29.87 in 2022. The ratio then stabilized in the 31-28 range between 2023 and 2025.

The substantial increase in the P/E ratio in 2021 warrants specific attention. This was driven by a significant drop in earnings per share, resulting in a disproportionately high ratio. The subsequent decline in the ratio in the following years suggests a correction as earnings recovered. Overall, the P/E ratio demonstrates a dynamic relationship with both share price and earnings per share, reflecting changes in market perception and company performance.


Comparison to Competitors

Booking Holdings Inc., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Consumer Services)


Comparison to Industry (Consumer Discretionary)