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Tongcheng Travel Holdings (OTCPK:TNGCF) 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 .
Tongcheng Travel Holdings Forward PE Ratio Related Terms
Tongcheng Travel Holdings Forward PE Ratio Historical Data
* 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.
Tongcheng Travel Holdings Forward PE Ratio Chart
Tongcheng Travel Holdings Annual Data
Trend
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
15.72
17.33
12.02
11.81
Tongcheng Travel Holdings Quarterly Data
2022-09
2022-12
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
15.58
15.72
17.89
17.33
16.95
20.04
21.28
12.02
11.73
11.50
9.79
11.81
11.57
TNGCF vs BKNG, ABNB, RCL: Forward PE Ratio Comparison
For the Travel Services subindustry, Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings Forward PE Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tongcheng Travel Holdings's Forward PE Ratio falls into.
Tongcheng Travel Holdings Forward PE Ratio Calculation
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.
Tongcheng Travel Holdings (TNGCF) has a Forward PE Ratio of 11.62 as of Jul. 17, 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 Tongcheng Travel Holdings and its competitors. According to the industry distribution chart, Tongcheng Travel Holdings ranks #31 out of 348 companies in the Travel & Leisure industry, placing it in the top 8.9%.
Is Tongcheng Travel Holdings' Forward PE Ratio too high?
Tongcheng Travel Holdings' current Forward PE Ratio is 11.62. The Travel & Leisure industry median Forward PE Ratio is 15.04. Tongcheng Travel Holdings' value of 11.62 is 22.7% below this industry median. Based on the distribution chart, Tongcheng Travel Holdings ranks #31 out of 348 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tongcheng Travel Holdings has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Tongcheng Travel Holdings' Forward PE Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Tongcheng Travel Holdings ranks #31 out of 348 companies for Forward PE Ratio. This places Tongcheng Travel Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 15.04. Tongcheng Travel Holdings' value of 11.62 is 22.7% below 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 15.04, based on 348 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. Tongcheng Travel Holdings's current Forward PE Ratio of 11.62 is 22.7% below 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 Tongcheng Travel Holdings and its competitors. For the Travel & Leisure industry, the median Forward PE Ratio is 15.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongcheng Travel Holdings's current Forward PE Ratio is 11.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongcheng Travel Holdings stock overvalued right now?
Tongcheng Travel Holdings (TNGCF) has a current Forward PE Ratio of 11.62. The stock's GF Value™ is $5.62, compared to a current price of $2.80 — trading 50.2% below its estimated fair value. The current Forward PE Ratio is 11.62 and 22.7% below the Travel & Leisure industry median of 15.04. Tongcheng Travel Holdings' overall GF Score™ is 86/100 with 3 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 Tongcheng Travel Holdings (TNGCF), the current Forward PE Ratio is 11.62 as of Jul. 17, 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 Tongcheng Travel Holdings (TNGCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued.
The current stock price of $2.80 is trading 50.2% below its estimated GF Value™ of $5.62.
Key valuation signals for TNGCF:
Forward PE Ratio: 11.62
GF Value™: $5.62 vs. price of $2.80 (50.2% below fair value)
Industry Position: 22.7% below the Travel & Leisure median (#31 of 348)
No single metric tells the full story. See the TNGCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
86GF Score
Get the complete analysis for TNGCF
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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