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Trip.com Group (MEX:TCOM N) Cyclically Adjusted Book per Share : MXN556.74 (As of Mar. 2025)


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What is Trip.com Group Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Trip.com Group's adjusted book value per share for the three months ended in Mar. 2025 was MXN630.331. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN556.74 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Trip.com Group's average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 26.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Trip.com Group was 47.70% per year. The lowest was 13.40% per year. And the median was 27.25% per year.

As of today (2025-05-29), Trip.com Group's current stock price is MXN1200.00. Trip.com Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN556.74. Trip.com Group's Cyclically Adjusted PB Ratio of today is 2.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trip.com Group was 19.32. The lowest was 1.05. And the median was 2.48.


Trip.com Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Trip.com Group's Cyclically Adjusted Book per Share 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.

* Premium members only.

Trip.com Group Cyclically Adjusted Book per Share Chart

Trip.com Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 303.90 372.91 427.36 448.96 371.89

Trip.com Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 443.03 492.73 420.27 371.89 556.74

Competitive Comparison of Trip.com Group's Cyclically Adjusted Book per Share

For the Travel Services subindustry, Trip.com Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Trip.com Group's Cyclically Adjusted PB Ratio falls into.


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Trip.com Group Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Trip.com Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=630.331/134.9266*134.9266
=630.331

Current CPI (Mar. 2025) = 134.9266.

Trip.com Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 86.332 100.684 115.694
201509 110.836 100.392 148.964
201512 311.999 99.792 421.845
201603 319.939 100.470 429.662
201606 337.450 101.688 447.751
201609 420.005 101.861 556.345
201612 415.278 101.863 550.074
201703 392.064 102.862 514.279
201706 402.403 103.349 525.354
201709 417.515 104.136 540.967
201712 467.276 104.011 606.166
201803 458.040 105.290 586.970
201806 496.482 106.317 630.085
201809 433.021 106.507 548.567
201812 447.292 105.998 569.366
201903 479.898 107.251 603.736
201906 461.594 108.070 576.308
201909 474.762 108.329 591.326
201912 469.314 108.420 584.052
202003 549.740 108.902 681.116
202006 536.009 108.767 664.923
202009 533.989 109.815 656.098
202012 509.097 109.897 625.048
202103 537.132 111.754 648.506
202106 536.550 114.631 631.545
202109 546.277 115.734 636.866
202112 550.798 117.630 631.791
202203 532.599 121.301 592.425
202206 512.901 125.017 553.558
202209 488.918 125.227 526.790
202212 486.008 125.222 523.674
202303 470.203 127.348 498.186
202306 435.880 128.729 456.866
202309 455.145 129.860 472.905
202312 450.971 129.419 470.161
202403 452.247 131.776 463.059
202406 506.134 132.554 515.194
202409 592.697 133.029 601.152
202412 625.065 133.157 633.371
202503 630.331 134.927 630.331

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Trip.com Group  (MEX:TCOM N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Trip.com Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1200.00/556.74
=2.16

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trip.com Group was 19.32. The lowest was 1.05. And the median was 2.48.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Trip.com Group Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Trip.com Group's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


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.

Trip.com Group Headlines

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