EXPE (Expedia Group) Cyclically Adjusted PS Ratio: 3.32 (As of Aug. 02, 2026) — 29% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EXPE Expedia Group Inc EXPE
86 GF Score
Price $294.74
GF Value $209.51
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Expedia Group Cyclically Adjusted PS Ratio?

Expedia Group EXPE +0.62% 86 Cyclically Adjusted PS Ratio is 3.32 as of Aug. 02, 2026, which is 29% above its 10-year median of 2.58. GuruFocus rates EXPE with a GF Score™ of 86/100 and a GF Value™ of $209.51 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 670 Travel & Leisure companies, Expedia Group ranks worse than 76.87% on this metric.

As of today (2026-08-02), Expedia Group's current share price is $294.74. Expedia Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $88.80. Expedia Group's Cyclically Adjusted PS Ratio for today is 3.32.

The historical rank and industry rank for Expedia Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

EXPE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.58   Max: 4.45
Current: 3.32

During the past years, Expedia Group's highest Cyclically Adjusted PS Ratio was 4.45. The lowest was 0.93. And the median was 2.58.

EXPE's Cyclically Adjusted PS Ratio is ranked worse than
76.87% of 670 companies
in the Travel & Leisure industry
Industry Median: 1.295 vs EXPE: 3.32

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Expedia Group's adjusted revenue per share data for the three months ended in Mar. 2026 was $28.122. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $88.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Expedia Group  (NAS:EXPE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Expedia Group Cyclically Adjusted PS Ratio Related Terms


Expedia Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Expedia Group's Cyclically Adjusted PS 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.

Expedia Group Cyclically Adjusted PS Ratio Chart

Expedia Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 1.31 2.08 2.35 3.29

Expedia 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 PS 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 2.07 2.03 2.51 3.29 2.60

EXPE vs TCOM, CCL, VIK: Cyclically Adjusted PS Ratio Comparison

For the Travel Services subindustry, Expedia Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Expedia Group Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where Expedia Group's Cyclically Adjusted PS Ratio falls into.


EXPE
86GF Score
Expedia Group Inc EXPE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Expedia Group Cyclically Adjusted PS Ratio Calculation

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

Expedia Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=294.74/88.80
=3.32

* 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.

Expedia Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Expedia Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=28.122/330.2130*330.2130
=28.122

Current CPI (Mar. 2026) = 330.2130.

Expedia Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.302 241.018 19.595
201609 16.733 241.428 22.887
201612 13.499 241.432 18.463
201703 14.542 243.801 19.696
201706 16.468 244.955 22.200
201709 18.801 246.819 25.153
201712 14.867 246.524 19.914
201803 16.520 249.554 21.859
201806 18.871 251.989 24.729
201809 21.390 252.439 27.980
201812 16.908 251.233 22.223
201903 17.642 254.202 22.917
201906 20.804 256.143 26.820
201909 23.620 256.759 30.377
201912 18.713 256.974 24.046
202003 15.686 258.115 20.067
202006 4.012 257.797 5.139
202009 10.644 260.280 13.504
202012 6.458 260.474 8.187
202103 8.582 264.877 10.699
202106 14.159 271.696 17.209
202109 18.459 274.310 22.221
202112 14.839 278.802 17.575
202203 14.383 287.504 16.520
202206 20.224 296.311 22.538
202209 22.363 296.808 24.880
202212 16.412 296.797 18.260
202303 17.478 301.836 19.121
202306 22.115 305.109 23.935
202309 26.593 307.789 28.530
202312 19.994 306.746 21.524
202403 21.321 312.332 22.542
202406 25.814 314.175 27.132
202409 29.912 315.301 31.327
202412 23.462 315.605 24.548
202503 23.227 319.799 23.983
202506 28.507 322.561 29.183
202509 33.676 324.800 34.237
202512 27.666 324.054 28.192
202603 28.122 330.213 28.122

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 3.32 mean?
Expedia Group (EXPE) has a Cyclically Adjusted PS Ratio of 3.32 as of Aug. 02, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Expedia Group and its competitors. This is 29% above median its historical median of 2.58. Over the past decade, Expedia Group's Cyclically Adjusted PS Ratio has ranged from 0.93 to 4.45. According to the industry distribution chart, Expedia Group ranks #515 out of 670 companies in the Travel & Leisure industry, placing it in the top 76.9%.
Is Expedia Group's Cyclically Adjusted PS Ratio too high?
Expedia Group's current Cyclically Adjusted PS Ratio of 3.32 is 29% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 4.45. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Expedia Group's value of 3.32 is 156.4% above this industry median. Based on the distribution chart, Expedia Group ranks #515 out of 670 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Expedia Group has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Expedia Group's Cyclically Adjusted PS Ratio compare to TCOM and CCL?
According to the Travel & Leisure industry distribution chart, Expedia Group ranks #515 out of 670 companies for Cyclically Adjusted PS Ratio. This places Expedia Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Expedia Group's value of 3.32 is 156.4% above this benchmark. Historically, Expedia Group's own Cyclically Adjusted PS Ratio has ranged from 0.93 to 4.45 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.30, Expedia Group has consistently been above 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 PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Expedia Group's current Cyclically Adjusted PS Ratio of 3.32 is 156.4% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Expedia Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expedia Group's current Cyclically Adjusted PS Ratio is 3.32, which is 29% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expedia Group stock overvalued right now?
Based on GuruFocus' analysis, Expedia Group (EXPE) is currently considered Significantly Overvalued. The stock's GF Value™ is $209.51, compared to a current price of $294.74 — trading 40.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.32, which is 29% above median its 10-year median of 2.58 and 156.4% above the Travel & Leisure industry median of 1.30. Expedia Group's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Expedia Group (EXPE), the current Cyclically Adjusted PS Ratio is 3.32 as of Aug. 02, 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 Expedia Group (EXPE) Overvalued in 2026?

Based on GuruFocus' analysis, Expedia Group stock appears to be overvalued. The current stock price of $294.74 is trading 40.7% above its estimated GF Value™ of $209.51. GuruFocus considers Expedia Group to be Significantly Overvalued.

Key valuation signals for EXPE:

  • Cyclically Adjusted PS Ratio: 3.32 (29% above median its 10-year median of 2.58)
  • GF Value™: $209.51 vs. price of $294.74 (40.7% above fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 156.4% above the Travel & Leisure median (#515 of 670)

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


Expedia Group Business Description

Address 1111 Expedia Group Way W, Seattle, WA, USA, 98119
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
86GF Score

Get the complete analysis for EXPE

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

$294.74
Price
$209.51
GF Value