Trip.com Group (MEX:TCOM N) Cyclically Adjusted PS Ratio: 4.76 (As of Jul. 29, 2026) — 31% Below Median

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MEX:TCOM N Trip.com Group Ltd MEX:TCOM N
87 GF Score
Price MXN770.50
GF Value MXN1,282.18
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Trip.com Group Cyclically Adjusted PS Ratio?

Trip.com Group MEX:TCOM N 87 Cyclically Adjusted PS Ratio is 4.76 as of Jul. 29, 2026, which is 31% below its 10-year median of 6.85. GuruFocus rates MEX:TCOM N with a GF Score™ of 87/100 and a GF Value™ of MXN1,282.18 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 671 Travel & Leisure companies, Trip.com Group ranks worse than 85.84% on this metric.

As of today (2026-07-29), Trip.com Group's current share price is MXN770.50. Trip.com Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN161.76. Trip.com Group's Cyclically Adjusted PS Ratio for today is 4.76.

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

MEX:TCOM N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.31   Med: 6.85   Max: 19.71
Current: 4.99

During the past years, Trip.com Group's highest Cyclically Adjusted PS Ratio was 19.71. The lowest was 3.31. And the median was 6.85.

MEX:TCOM N's Cyclically Adjusted PS Ratio is ranked worse than
85.84% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.29 vs MEX:TCOM N: 4.99

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.

Trip.com Group's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN62.210. 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 MXN161.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trip.com Group  (MEX:TCOM N) 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.


Trip.com Group Cyclically Adjusted PS Ratio Related Terms


Trip.com Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trip.com 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.

Trip.com Group Cyclically Adjusted PS Ratio Chart

Trip.com 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 4.21 5.33 4.99 8.59 8.20

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 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 7.76 6.99 8.71 8.20 5.48

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

For the Travel Services subindustry, Trip.com 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.


Trip.com Group Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

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


MEX:TCOM N
87GF Score
Trip.com Group Ltd MEX:TCOM N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trip.com 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=770.50/161.76
=4.76

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Trip.com 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)
=62.21/330.2130*330.2130
=62.210

Current CPI (Mar. 2026) = 330.2130.

Trip.com Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 26.814 241.018 36.737
201609 31.840 241.428 43.549
201612 27.121 241.432 37.094
201703 30.135 243.801 40.816
201706 30.912 244.955 41.671
201709 35.658 246.819 47.706
201712 31.126 246.524 41.693
201803 31.898 249.554 42.208
201806 34.574 251.989 45.307
201809 46.568 252.439 60.915
201812 39.203 251.233 51.527
201903 37.231 254.202 48.364
201906 43.540 256.143 56.131
201909 48.324 256.759 62.149
201912 34.835 256.974 44.763
202003 26.514 258.115 33.920
202006 17.168 257.797 21.991
202009 28.582 260.280 36.262
202012 24.789 260.474 31.426
202103 20.486 264.877 25.539
202106 28.716 271.696 34.901
202109 26.434 274.310 31.821
202112 23.330 278.802 27.632
202203 19.906 287.504 22.863
202206 18.516 296.311 20.634
202209 30.222 296.808 33.623
202212 20.698 296.797 23.028
202303 35.764 301.836 39.126
202306 40.070 305.109 43.367
202309 48.648 307.789 52.192
202312 36.721 306.746 39.530
202403 40.589 312.332 42.913
202406 46.881 314.175 49.274
202409 64.821 315.301 67.887
202412 51.571 315.605 53.958
202503 55.586 319.799 57.396
202506 55.947 322.561 57.274
202509 67.944 324.800 69.076
202512 56.184 324.054 57.252
202603 62.210 330.213 62.210

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.

What does a Cyclically Adjusted PS Ratio of 4.76 mean?
Trip.com Group (MEX:TCOM N) has a Cyclically Adjusted PS Ratio of 4.76 as of Jul. 29, 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 Trip.com Group and its competitors. This is 31% below median its historical median of 6.85. Over the past decade, Trip.com Group's Cyclically Adjusted PS Ratio has ranged from 3.31 to 19.71. According to the industry distribution chart, Trip.com Group ranks #576 out of 671 companies in the Travel & Leisure industry, placing it in the top 85.8%.
Is Trip.com Group's Cyclically Adjusted PS Ratio too high?
Trip.com Group's current Cyclically Adjusted PS Ratio of 4.76 is 31% below median its 10-year median of 6.85. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 19.71. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.29. Trip.com Group's value of 4.76 is 269% above this industry median. Based on the distribution chart, Trip.com Group ranks #576 out of 671 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Trip.com Group has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trip.com Group's Cyclically Adjusted PS Ratio compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #576 out of 671 companies for Cyclically Adjusted PS Ratio. This places Trip.com Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. Trip.com Group's value of 4.76 is 269% above this benchmark. Historically, Trip.com Group's own Cyclically Adjusted PS Ratio has ranged from 3.31 to 19.71 over the past decade. While the company's 10-year median is 6.85 vs. the industry median of 1.29, Trip.com 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 1.29, based on 671 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. Trip.com Group's current Cyclically Adjusted PS Ratio of 4.76 is 269% 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 Trip.com Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current Cyclically Adjusted PS Ratio is 4.76, which is 31% below median its own 10-year median of 6.85. 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 (MEX:TCOM N) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,282.18, compared to a current price of MXN770.50 — trading 39.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.76, which is 31% below median its 10-year median of 6.85 and 269% above the Travel & Leisure industry median of 1.29. Trip.com Group's overall GF Score™ is 87/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Trip.com Group (MEX:TCOM N), the current Cyclically Adjusted PS Ratio is 4.76 as of Jul. 29, 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 (MEX:TCOM N) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of MXN770.50 is trading 39.9% below its estimated GF Value™ of MXN1,282.18. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for MEX:TCOM N:

  • Cyclically Adjusted PS Ratio: 4.76 (31% below median its 10-year median of 6.85)
  • GF Value™: MXN1,282.18 vs. price of MXN770.50 (39.9% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 269% above the Travel & Leisure median (#576 of 671)

No single metric tells the full story. See the MEX:TCOM N 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.
87GF Score

Get the complete analysis for MEX:TCOM N

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

MXN770.50
Price
MXN1,282.18
GF Value