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MakeMyTripMMYT -1.98%71 Forward PE Ratio is 33.42 as of Aug. 07, 2026. GuruFocus rates MMYT with a GF Score™ of 71/100 and a GF Value™ of $111.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 350 Travel & Leisure companies, MakeMyTrip ranks worse than 85.14% on this metric.
MakeMyTrip (NAS:MMYT) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
MakeMyTrip Forward PE Ratio Related Terms
MakeMyTrip Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for MakeMyTrip's Forward PE 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.
MakeMyTrip Forward PE Ratio Chart
MakeMyTrip Annual Data
Trend
2025-03
2026-03
Forward PE Ratio
58.78
16.96
MakeMyTrip Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
61.21
58.78
57.35
57.62
43.36
16.96
28.61
MMYT vs TNL, GBTG, LIND: Forward PE Ratio Comparison
For the Travel Services subindustry, MakeMyTrip's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
MakeMyTrip Forward PE Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MakeMyTrip's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where MakeMyTrip's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
MakeMyTrip (MMYT) has a Forward PE Ratio of 33.42 as of Aug. 07, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MakeMyTrip and its competitors. According to the industry distribution chart, MakeMyTrip ranks #298 out of 350 companies in the Travel & Leisure industry, placing it in the top 85.1%.
Is MakeMyTrip's Forward PE Ratio too high?
MakeMyTrip's current Forward PE Ratio is 33.42. The Travel & Leisure industry median Forward PE Ratio is 15.66. MakeMyTrip's value of 33.42 is 113.4% above this industry median. Based on the distribution chart, MakeMyTrip ranks #298 out of 350 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, MakeMyTrip has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MakeMyTrip's Forward PE Ratio compare to TNL and GBTG?
According to the Travel & Leisure industry distribution chart, MakeMyTrip ranks #298 out of 350 companies for Forward PE Ratio. This places MakeMyTrip in the lower half of its industry. The industry median Forward PE Ratio is 15.66. MakeMyTrip's value of 33.42 is 113.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Travel & Leisure company?
The median Forward PE Ratio among Travel & Leisure companies is 15.66, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MakeMyTrip's current Forward PE Ratio of 33.42 is 113.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on MakeMyTrip and its competitors. For the Travel & Leisure industry, the median Forward PE Ratio is 15.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MakeMyTrip's current Forward PE Ratio is 33.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MakeMyTrip stock overvalued right now?
Based on GuruFocus' analysis, MakeMyTrip (MMYT) is currently considered Possible Value Trap. The stock's GF Value™ is $111.33, compared to a current price of $60.05 — trading 46.1% below its estimated fair value. The current Forward PE Ratio is 33.42 and 113.4% above the Travel & Leisure industry median of 15.66. MakeMyTrip's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For MakeMyTrip (MMYT), the current Forward PE Ratio is 33.42 as of Aug. 07, 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 MakeMyTrip (MMYT) Overvalued in 2026?
Based on GuruFocus' analysis, MakeMyTrip stock appears to be undervalued.
The current stock price of $60.05 is trading 46.1% below its estimated GF Value™ of $111.33.
GuruFocus considers MakeMyTrip to be Possible Value Trap.
Key valuation signals for MMYT:
Forward PE Ratio: 33.42
GF Value™: $111.33 vs. price of $60.05 (46.1% below fair value)
Industry Position: 113.4% above the Travel & Leisure median (#298 of 350)
No single metric tells the full story. See the MMYT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
71GF Score
Get the complete analysis for MMYT
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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