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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Booking Holdings's Debt-to-Equity or its related term are showing as below:
FRA:PCE'
s Debt-to-Equity Range Over the Past 10 Years
Min: -22.91 Med: 0.84 Max: 11.79
Current: -2.17
During the past 13 years, the highest Debt-to-Equity Ratio of Booking Holdings was 11.79. The lowest was -22.91. And the median was 0.84.
FRA:PCE's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.43
vs FRA:PCE: -2.17
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Booking Holdings Debt-to-Equity Related Terms
Booking Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Booking Holdings's Debt-to-Equity 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.
FRA:PCE vs ABNB, RCL, VIK: Debt-to-Equity Comparison
For the Travel Services subindustry, Booking Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Booking Holdings Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Booking Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Booking Holdings's Debt-to-Equity falls into.
* 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.
Booking Holdings (FRA:PCE) has a Debt-to-Equity of -2.17 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Booking Holdings and its competitors. According to the industry distribution chart, Booking Holdings ranks #999999 out of 722 companies in the Travel & Leisure industry.
Is Booking Holdings' Debt-to-Equity too high?
Booking Holdings' current Debt-to-Equity is -2.17. Based on the distribution chart, Booking Holdings ranks #999999 out of 722 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Booking Holdings has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Booking Holdings' Debt-to-Equity compare to ABNB and RCL?
According to the Travel & Leisure industry distribution chart, Booking Holdings ranks #999999 out of 722 companies for Debt-to-Equity. This places Booking Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Booking Holdings and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Booking Holdings's current Debt-to-Equity is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Booking Holdings stock overvalued right now?
Based on GuruFocus' analysis, Booking Holdings (FRA:PCE) is currently considered Modestly Undervalued. The stock's GF Value™ is €20.97, compared to a current price of €18.90 — trading 9.9% below its estimated fair value. The current Debt-to-Equity is -2.17. Booking Holdings' overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Booking Holdings (FRA:PCE), the current Debt-to-Equity is -2.17 as of Mar. 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 Booking Holdings (FRA:PCE) Overvalued in 2026?
Based on GuruFocus' analysis, Booking Holdings stock appears to be undervalued.
The current stock price of €18.90 is trading 9.9% below its estimated GF Value™ of €20.97.
GuruFocus considers Booking Holdings to be Modestly Undervalued.
Key valuation signals for FRA:PCE:
Debt-to-Equity: -2.17
GF Value™: €20.97 vs. price of €18.90 (9.9% below fair value)
No single metric tells the full story. See the FRA:PCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airlines, rental cars, restaurants, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, Rentalcars.com, and Kayak. Transaction fees for online bookings account for the bulk of revenue and profits.
94GF Score
Get the complete analysis for FRA:PCE
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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