Booking Holdings Inc. (BKNG)

Annual Data

Quarterly Data

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Current Valuation Ratios
Historical Valuation Ratios (Summary)
Price to Earnings (P/E)
Price to Operating Profit (P/OP)
Price to Sales (P/S)
Price to Book Value (P/BV)

Booking Holdings Inc., current price multiples

	Booking Holdings Inc.	Delta Air Lines Inc.	Marriott International Inc.	McDonald's Corp.	Starbucks Corp.	Travel & Leisure	Consumer Services
Selected Financial Data
Current share price (P)	$
No. shares of common stock outstanding
Growth rate (g)	%

Earnings per share (EPS)	$
Next year expected EPS	$
Operating profit per share	$
Sales per share	$
Book value per share (BVPS)	$
Ratios (Price Multiples)
Price to earnings (P/E)
Price to next year expected earnings
Price-earnings-growth (PEG)
Price to operating profit (P/OP)
Price to sales (P/S)
Price to book value (P/BV)

If company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.

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

Booking Holdings Inc., historical price multiples

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Price to earnings (P/E)
	Price to operating profit (P/OP)
	Price to sales (P/S)
	Price to book value (P/BV)

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 increased from 2015 to 2016 and from 2016 to 2017.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Booking Holdings Inc.'s P/OP ratio increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 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 increased from 2015 to 2016 but then slightly declined from 2016 to 2017.
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 2015 to 2016 but then slightly declined from 2016 to 2017.

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

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Net income applicable to common stockholders (in thousands)
	Earnings per share (EPS)³
	Share price^1, 2
	Ratio
	P/E ratio⁴
	Benchmarks
	P/E Ratio, Competitors
	Delta Air Lines Inc.
	Marriott International Inc.
	McDonald's Corp.
	Starbucks Corp.
	P/E Ratio, Sector
	Travel & Leisure
	P/E Ratio, Industry
	Consumer Services

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Booking Holdings Inc.'s Annual Report.

2017 Calculations

³ EPS = Net income applicable to common stockholders ÷ No. shares of common stock outstanding
= hidden ÷ hidden = hidden

⁴ P/E ratio = Share price ÷ EPS
= hidden ÷ hidden = hidden

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 increased from 2015 to 2016 and from 2016 to 2017.

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

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Operating income (in thousands)
	Operating profit per share³
	Share price^1, 2
	Ratio
	P/OP ratio⁴
	Benchmarks
	P/OP Ratio, Competitors
	Delta Air Lines Inc.
	Marriott International Inc.
	McDonald's Corp.
	Starbucks Corp.
	P/OP Ratio, Sector
	Travel & Leisure
	P/OP Ratio, Industry
	Consumer Services

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Booking Holdings Inc.'s Annual Report.

2017 Calculations

³ Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= hidden ÷ hidden = hidden

⁴ P/OP ratio = Share price ÷ Operating profit per share
= hidden ÷ hidden = hidden

Ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Booking Holdings Inc.'s P/OP ratio increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level.

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

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Revenues (in thousands)
	Sales per share³
	Share price^1, 2
	Ratio
	P/S ratio⁴
	Benchmarks
	P/S Ratio, Competitors
	Delta Air Lines Inc.
	Marriott International Inc.
	McDonald's Corp.
	Starbucks Corp.
	P/S Ratio, Sector
	Travel & Leisure
	P/S Ratio, Industry
	Consumer Services

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Booking Holdings Inc.'s Annual Report.

2017 Calculations

³ Sales per share = Revenues ÷ No. shares of common stock outstanding
= hidden ÷ hidden = hidden

⁴ P/S ratio = Share price ÷ Sales per share
= hidden ÷ hidden = hidden

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 increased from 2015 to 2016 but then slightly declined from 2016 to 2017.

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

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Stockholders' equity (in thousands)
	Book value per share (BVPS)³
	Share price^1, 2
	Ratio
	P/BV ratio⁴
	Benchmarks
	P/BV Ratio, Competitors
	Delta Air Lines Inc.
	Marriott International Inc.
	McDonald's Corp.
	Starbucks Corp.
	P/BV Ratio, Sector
	Travel & Leisure
	P/BV Ratio, Industry
	Consumer Services

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Booking Holdings Inc.'s Annual Report.

2017 Calculations

³ BVPS = Stockholders' equity ÷ No. shares of common stock outstanding
= hidden ÷ hidden = hidden

⁴ P/BV ratio = Share price ÷ BVPS
= hidden ÷ hidden = hidden

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 2015 to 2016 but then slightly declined from 2016 to 2017.

	Booking Holdings Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Common Stock Valuation Ratios (Price Multiples)

Current Valuation Ratios

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)