TRPCF (Trip.com Group) Cyclically Adjusted PB Ratio: 1.07 (As of Jul. 15, 2026) — 53% Below Median

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TRPCF Trip.com Group Ltd TRPCF
81 GF Score
Price $40.81
GF Value $72.19
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Trip.com Group Cyclically Adjusted PB Ratio?

Trip.com Group TRPCF 81 Cyclically Adjusted PB Ratio is 1.07 as of Jul. 15, 2026, which is 53% below its 10-year median of 2.28. GuruFocus rates TRPCF with a GF Score™ of 81/100 and a GF Value™ of $72.19 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 649 Travel & Leisure companies, Trip.com Group ranks worse than 52.85% on this metric.

As of today (2026-07-15), Trip.com Group's current share price is $40.81. Trip.com Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $38.11. Trip.com Group's Cyclically Adjusted PB Ratio for today is 1.07.

The historical rank and industry rank for Trip.com Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

TRPCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 2.28   Max: 10.99
Current: 1.38

During the past years, Trip.com Group's highest Cyclically Adjusted PB Ratio was 10.99. The lowest was 1.05. And the median was 2.28.

TRPCF's Cyclically Adjusted PB Ratio is ranked worse than
52.85% of 649 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs TRPCF: 1.38

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 adjusted book value per share data for the three months ended in Mar. 2026 was $38.050. 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 $38.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trip.com Group  (OTCPK:TRPCF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Trip.com Group Cyclically Adjusted PB Ratio Related Terms


Trip.com Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trip.com Group's Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio Chart

Trip.com Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.61 1.50 2.55 2.41

Trip.com Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 2.28 2.04 2.54 2.41 1.62

TRPCF vs EXPE, CCL, NCLH: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


TRPCF
81GF Score
Trip.com Group Ltd TRPCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trip.com Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.81/38.11
=1.07

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Trip.com Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=38.05/330.2130*330.2130
=38.050

Current CPI (Mar. 2026) = 330.2130.

Trip.com Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.247 241.018 25.000
201609 19.740 241.428 26.999
201612 20.142 241.432 27.549
201703 20.822 243.801 28.202
201706 22.262 244.955 30.010
201709 23.006 246.819 30.779
201712 23.793 246.524 31.870
201803 25.212 249.554 33.361
201806 25.267 251.989 33.111
201809 23.150 252.439 30.282
201812 22.780 251.233 29.941
201903 24.740 254.202 32.138
201906 24.030 256.143 30.979
201909 24.048 256.759 30.928
201912 24.884 256.974 31.976
202003 23.445 258.115 29.994
202006 23.222 257.797 29.745
202009 24.172 260.280 30.667
202012 25.593 260.474 32.445
202103 26.277 264.877 32.759
202106 26.954 271.696 32.759
202109 26.567 274.310 31.981
202112 26.850 278.802 31.801
202203 26.749 287.504 30.723
202206 25.495 296.311 28.412
202209 24.306 296.808 27.042
202212 24.929 296.797 27.736
202303 26.086 301.836 28.538
202306 25.425 305.109 27.517
202309 26.129 307.789 28.033
202312 26.568 306.746 28.601
202403 27.250 312.332 28.810
202406 27.627 314.175 29.037
202409 30.101 315.301 31.525
202412 29.971 315.605 31.358
202503 30.811 319.799 31.814
202506 31.629 322.561 32.379
202509 36.355 324.800 36.961
202512 37.365 324.054 38.075
202603 38.050 330.213 38.050

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

What does a Cyclically Adjusted PB Ratio of 1.07 mean?
Trip.com Group (TRPCF) has a Cyclically Adjusted PB Ratio of 1.07 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Trip.com Group and its competitors. This is 53% below median its historical median of 2.28. Over the past decade, Trip.com Group's Cyclically Adjusted PB Ratio has ranged from 1.05 to 10.99. According to the industry distribution chart, Trip.com Group ranks #343 out of 649 companies in the Travel & Leisure industry, placing it in the top 52.9%.
Is Trip.com Group's Cyclically Adjusted PB Ratio too high?
Trip.com Group's current Cyclically Adjusted PB Ratio of 1.07 is 53% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 10.99. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Trip.com Group's value of 1.07 is 13% below this industry median. Based on the distribution chart, Trip.com Group ranks #343 out of 649 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Trip.com Group has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trip.com Group's Cyclically Adjusted PB Ratio compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #343 out of 649 companies for Cyclically Adjusted PB Ratio. This places Trip.com Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Trip.com Group's value of 1.07 is 13% below this benchmark. Historically, Trip.com Group's own Cyclically Adjusted PB Ratio has ranged from 1.05 to 10.99 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.23, Trip.com Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trip.com Group's current Cyclically Adjusted PB Ratio of 1.07 is 13% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Trip.com Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current Cyclically Adjusted PB Ratio is 1.07, which is 53% below median its own 10-year median of 2.28. 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 (TRPCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $72.19, compared to a current price of $40.81 — trading 43.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 53% below median its 10-year median of 2.28 and 13% below the Travel & Leisure industry median of 1.23. Trip.com Group's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Trip.com Group (TRPCF), the current Cyclically Adjusted PB Ratio is 1.07 as of Jul. 15, 2026. 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 (TRPCF) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of $40.81 is trading 43.5% below its estimated GF Value™ of $72.19. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for TRPCF:

  • Cyclically Adjusted PB Ratio: 1.07 (53% below median its 10-year median of 2.28)
  • GF Value™: $72.19 vs. price of $40.81 (43.5% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 13% below the Travel & Leisure median (#343 of 649)

No single metric tells the full story. See the TRPCF 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.
81GF Score

Get the complete analysis for TRPCF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.81
Price
$72.19
GF Value