EXPE (Expedia Group) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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
85 GF Score
Price $279.45
GF Value $229.56
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Expedia Group Cyclically Adjusted PS Ratio?

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 3.06 1.32 2.09 2.37 3.33

Expedia Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.03 2.51 3.29 2.60 2.80

EXPE vs VIK, CCL, TCOM: 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
85GF Score
Expedia Group Inc EXPE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=35.21/333.9520*333.9520
=35.210

Current CPI (Jun. 2026) = 333.9520.

Expedia Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.733 241.428 23.146
201612 13.496 241.432 18.668
201703 14.542 243.801 19.919
201706 16.468 244.955 22.451
201709 18.800 246.819 25.437
201712 14.869 246.524 20.142
201803 16.520 249.554 22.107
201806 18.871 251.989 25.009
201809 21.390 252.439 28.297
201812 16.907 251.233 22.474
201903 17.642 254.202 23.177
201906 20.804 256.143 27.124
201909 23.620 256.759 30.721
201912 18.709 256.974 24.313
202003 15.686 258.115 20.295
202006 4.012 257.797 5.197
202009 10.644 260.280 13.657
202012 6.459 260.474 8.281
202103 8.582 264.877 10.820
202106 14.159 271.696 17.403
202109 18.459 274.310 22.472
202112 14.075 278.802 16.859
202203 14.383 287.504 16.707
202206 20.224 296.311 22.793
202209 22.363 296.808 25.162
202212 16.411 296.797 18.465
202303 17.478 301.836 19.338
202306 22.115 305.109 24.206
202309 26.593 307.789 28.853
202312 19.983 306.746 21.755
202403 21.321 312.332 22.797
202406 25.814 314.175 27.439
202409 29.912 315.301 31.681
202412 23.458 315.605 24.822
202503 23.227 319.799 24.255
202506 28.507 322.561 29.514
202509 33.676 324.800 34.625
202512 27.659 324.054 28.504
202603 28.122 330.213 28.440
202606 35.210 333.952 35.210

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.

Is Expedia Group (EXPE) Overvalued in 2026?

Based on GuruFocus' analysis, Expedia Group stock appears to be overvalued. The current stock price of $279.45 is trading 21.7% above its estimated GF Value™ of $229.56. GuruFocus considers Expedia Group to be Modestly Overvalued.

Key valuation signals for EXPE:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $229.56 vs. price of $279.45 (21.7% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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.
85GF 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.

$279.45
Price
$229.56
GF Value