Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Booking Holdings Inc. (NASDAQ:BKNG)

Common Stock Valuation Ratios (Price Multiples)

Beginner level

Current Valuation Ratios

Booking Holdings Inc., current price multiples

Microsoft Excel LibreOffice Calc
Booking Holdings Inc. Amazon.com Inc. Home Depot Inc. Lowe’s Cos. Inc. Target Corp. TJX Cos. Inc. Retailing Consumer Discretionary
Selected Financial Data
Current share price (P) $2,263.07
No. shares of common stock outstanding 41,052,813
Growth rate (g) 31.89%
 
Earnings per share (EPS) $1.44
Next year expected EPS $1.90
Operating profit per share $-15.37
Sales per share $165.54
Book value per share (BVPS) $119.19
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 1,574.67 81.66 25.42 22.88 26.48 865.62 57.27 62.82
Price to next year expected earnings 1,193.92 68.61 9.00 12.94 22.95 621.13 44.89 51.43
Price-earnings-growth (PEG) 49.38 4.29 0.14 0.30 1.72 21.99 2.08 2.83
Price to sales (P/S) 13.67 4.51 2.48 1.49 1.25 2.44 3.59 4.03
Price to book value (P/BV) 18.99 18.65 99.14 92.91 8.01 13.43 21.66 21.10

Based on: 10-K (filing date: 2021-02-24).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Booking Holdings Inc., historical price multiples

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Price to earnings (P/E) 1,696.44 14.16 21.46 39.30 37.59
Price to operating profit (P/OP) 12.89 16.06 20.27 27.61
Price to sales (P/S) 14.73 4.57 5.91 7.25 7.47
Price to book value (P/BV) 20.46 11.61 9.77 8.17 8.17

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Booking Holdings Inc.’s P/E ratio decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Booking Holdings Inc.’s P/S ratio decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Booking Holdings Inc.’s P/BV ratio increased from 2018 to 2019 and from 2019 to 2020.

Price to Earnings (P/E)

Booking Holdings Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 40,961,796 41,061,814 45,012,725 48,288,592 49,170,417
Selected Financial Data (US$)
Net income (in millions) 59  4,865  3,998  2,341  2,135 
Earnings per share (EPS)2 1.44 118.48 88.82 48.47 43.42
Share price1, 3 2,443.50 1,678.20 1,906.00 1,905.01 1,632.01
Valuation Ratio
P/E ratio4 1,696.44 14.16 21.46 39.30 37.59
Benchmarks
P/E Ratio, Competitors5
Amazon.com Inc. 78.20 86.29 79.30 228.24 166.53
Home Depot Inc. 17.38 18.87 23.51 22.37 23.32
Lowe’s Cos. Inc. 11.96 37.80 20.26 22.62 26.67
Target Corp. 16.12 13.56 12.97 11.11 14.61
TJX Cos. Inc. 17.13 21.11 20.19 22.11 22.87
P/E Ratio, Sector
Retailing 48.86 40.98 39.38 51.89 40.99
P/E Ratio, Industry
Consumer Discretionary 58.88 37.25 33.43 55.10 29.79

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
EPS = Net income ÷ No. shares of common stock outstanding
= 59,000,000 ÷ 40,961,796 = 1.44

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

4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 2,443.50 ÷ 1.44 = 1,696.44

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Booking Holdings Inc.’s P/E ratio decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

Price to Operating Profit (P/OP)

Booking Holdings Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 40,961,796 41,061,814 45,012,725 48,288,592 49,170,417
Selected Financial Data (US$)
Operating income (loss) (in millions) (631) 5,345  5,341  4,538  2,906 
Operating profit per share2 -15.40 130.17 118.66 93.98 59.11
Share price1, 3 2,443.50 1,678.20 1,906.00 1,905.01 1,632.01
Valuation Ratio
P/OP ratio4 12.89 16.06 20.27 27.61
Benchmarks
P/OP Ratio, Competitors5
Amazon.com Inc. 72.84 68.77 64.31 168.59 94.32
Home Depot Inc. 12.33 13.51 13.82 13.26 13.88
Lowe’s Cos. Inc. 8.11 21.77 10.61 11.97 13.66
Target Corp. 11.35 9.69 8.83 6.12 8.88
TJX Cos. Inc. 12.69 15.31 13.54 13.20 14.06
P/OP Ratio, Sector
Retailing 39.69 30.79 26.43 30.31 24.42
P/OP Ratio, Industry
Consumer Discretionary 46.57 28.95 24.92 24.22 20.27

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= -631,000,000 ÷ 40,961,796 = -15.40

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

4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 2,443.50 ÷ -15.40 =

5 Click competitor name to see calculations.


Price to Sales (P/S)

Booking Holdings Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 40,961,796 41,061,814 45,012,725 48,288,592 49,170,417
Selected Financial Data (US$)
Revenues (in millions) 6,796  15,066  14,527  12,681  10,743 
Sales per share2 165.91 366.91 322.73 262.61 218.49
Share price1, 3 2,443.50 1,678.20 1,906.00 1,905.01 1,632.01
Valuation Ratio
P/S ratio4 14.73 4.57 5.91 7.25 7.47
Benchmarks
P/S Ratio, Competitors5
Amazon.com Inc. 4.32 3.56 3.43 3.89 2.90
Home Depot Inc. 1.77 1.94 2.01 1.88 1.85
Lowe’s Cos. Inc. 0.71 1.23 1.02 1.08 1.15
Target Corp. 0.69 0.53 0.53 0.44 0.67
TJX Cos. Inc. 1.34 1.66 1.47 1.53 1.68
P/S Ratio, Sector
Retailing 3.06 2.50 2.38 2.46 2.02
P/S Ratio, Industry
Consumer Discretionary 3.78 2.50 2.24 2.27 1.85

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 6,796,000,000 ÷ 40,961,796 = 165.91

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

4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 2,443.50 ÷ 165.91 = 14.73

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Booking Holdings Inc.’s P/S ratio decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

Price to Book Value (P/BV)

Booking Holdings Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 40,961,796 41,061,814 45,012,725 48,288,592 49,170,417
Selected Financial Data (US$)
Stockholders’ equity (in millions) 4,893  5,933  8,785  11,261  9,820 
Book value per share (BVPS)2 119.45 144.49 195.17 233.19 199.72
Share price1, 3 2,443.50 1,678.20 1,906.00 1,905.01 1,632.01
Valuation Ratio
P/BV ratio4 20.46 11.61 9.77 8.17 8.17
Benchmarks
P/BV Ratio, Competitors5
Amazon.com Inc. 17.86 16.11 18.34 24.98 20.47
Home Depot Inc. 139.52 41.08 25.88
Lowe’s Cos. Inc. 25.96 24.01 11.89 10.87 8.87
Target Corp. 4.47 3.52 3.25 2.78 3.79
TJX Cos. Inc. 9.42 12.79 10.23 11.27 12.09
P/BV Ratio, Sector
Retailing 18.48 17.08 16.31 17.08 13.39
P/BV Ratio, Industry
Consumer Discretionary 19.77 15.94 13.64 12.93 9.48

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 4,893,000,000 ÷ 40,961,796 = 119.45

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

4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 2,443.50 ÷ 119.45 = 20.46

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Booking Holdings Inc.’s P/BV ratio increased from 2018 to 2019 and from 2019 to 2020.