TCOM (Trip.com Group) Construction In Progress: $21 Mil (As of Dec. 2025)


TCOM Trip.com Group Ltd TCOM
79 GF Score
Price $39.09
GF Value $79.05
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Trip.com Group Construction In Progress?

Trip.com Group TCOM -15.57% 79 Construction In Progress is $21 Mil as of Dec. 2025. GuruFocus rates TCOM with a GF Score™ of 79/100 and a GF Value™ of $79.05 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Trip.com Group's quarterly construction in progress stayed the same from Jun. 2025 ($0 Mil) to Sep. 2025 ($0 Mil) but then increased from Sep. 2025 ($0 Mil) to Dec. 2025 ($21 Mil).

Trip.com Group's annual construction in progress increased from Dec. 2023 ($11 Mil) to Dec. 2024 ($13 Mil) and increased from Dec. 2024 ($13 Mil) to Dec. 2025 ($21 Mil).

Trip.com Group Construction In Progress Historical Data

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The historical data trend for Trip.com Group's Construction In Progress 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.

Trip.com Group Construction In Progress Chart

Trip.com Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 4.73 10.64 12.77 20.73

Trip.com Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.77 0.00 0.00 0.00 20.73
TCOM
79GF Score
Trip.com Group Ltd TCOM
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Trip.com Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $21 Mil mean?
Trip.com Group (TCOM) has a Construction In Progress of $21 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Trip.com Group and its competitors.
Is Trip.com Group's Construction In Progress too high?
Trip.com Group's current Construction In Progress is $21 Mil. Overall, Trip.com Group has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trip.com Group's Construction In Progress compare to EXPE and CCL?
Trip.com Group's Construction In Progress of $21 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Travel & Leisure company?
A good Construction In Progress depends on the Travel & Leisure industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Trip.com Group and its competitors. Trip.com Group's current Construction In Progress is $21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trip.com Group stock overvalued right now?
Based on GuruFocus' analysis, Trip.com Group (TCOM) is currently considered Significantly Undervalued. The stock's GF Value™ is $79.05, compared to a current price of $39.09 — trading 50.6% below its estimated fair value. The current Construction In Progress is $21 Mil. Trip.com Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Trip.com Group (TCOM), the current Construction In Progress is $21 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Trip.com Group (TCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of $39.09 is trading 50.6% below its estimated GF Value™ of $79.05. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for TCOM:

  • Construction In Progress: $21 Mil
  • GF Value™: $79.05 vs. price of $39.09 (50.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TCOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Trip.com Group Business Description

Address 30 Raffles Place, No. 29-01, Shanghai, SGP, 048622
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 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. 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.
79GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.09
Price
$79.05
GF Value