Trip.com Group (FRA:CLVB) Intrinsic Value: Projected FCF: €25.66 (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

FRA:CLVB Trip.com Group Ltd FRA:CLVB
79 GF Score
Price €37.80
GF Value €63.67
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Trip.com Group Intrinsic Value: Projected FCF?

Trip.com Group FRA:CLVB -1.05% 79 Intrinsic Value: Projected FCF is €25.66 as of Aug. 30, 2026. GuruFocus rates FRA:CLVB with a GF Score™ of 79/100 and a GF Value™ of €63.67 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 594 Travel & Leisure companies, Trip.com Group ranks worse than 66.67% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-30), Trip.com Group's Intrinsic Value: Projected FCF is €25.66. The stock price of Trip.com Group is €37.80. Therefore, Trip.com Group's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.

The historical rank and industry rank for Trip.com Group's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:CLVB' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.09   Med: 1.88   Max: 3.19
Current: 1.47

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Trip.com Group was 3.19. The lowest was 1.09. And the median was 1.88.

FRA:CLVB's Price-to-Projected-FCF is ranked worse than
66.67% of 594 companies
in the Travel & Leisure industry
Industry Median: 0.93 vs FRA:CLVB: 1.47

Trip.com Group  (FRA:CLVB) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Trip.com Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=37.80/26.810543965369
=1.41

* 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 Intrinsic Value: Projected FCF Related Terms


Trip.com Group Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Trip.com Group's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

Trip.com Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.18 18.31 18.14 22.15 25.62

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
Intrinsic Value: Projected FCF 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 23.52 21.84 25.17 25.62 25.53

FRA:CLVB vs EXPE, CCL, VIK: Intrinsic Value: Projected FCF Comparison

For the Travel Services subindustry, Trip.com Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Trip.com Group's Price-to-Projected-FCF falls into.


FRA:CLVB
79GF Score
Trip.com Group Ltd FRA:CLVB
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trip.com Group Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Trip.com Group's Free Cash Flow(6 year avg) = €114.09.

Trip.com Group's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*114.09376+20725.561*0.8)/681.679
=26.81

* 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.

What does a Intrinsic Value: Projected FCF of €25.66 mean?
Trip.com Group (FRA:CLVB) has a Intrinsic Value: Projected FCF of €25.66 as of Aug. 30, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Trip.com Group and its competitors. According to the industry distribution chart, Trip.com Group ranks #396 out of 594 companies in the Travel & Leisure industry, placing it in the top 66.7%.
Is Trip.com Group's Intrinsic Value: Projected FCF too high?
Trip.com Group's current Intrinsic Value: Projected FCF is €25.66. Based on the distribution chart, Trip.com Group ranks #396 out of 594 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Trip.com Group has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trip.com Group's Intrinsic Value: Projected FCF compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #396 out of 594 companies for Intrinsic Value: Projected FCF. This places Trip.com Group in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Travel & Leisure company?
The median Intrinsic Value: Projected FCF among Travel & Leisure companies is 0.93, based on 594 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Trip.com Group and its competitors. For the Travel & Leisure industry, the median Intrinsic Value: Projected FCF is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current Intrinsic Value: Projected FCF is €25.66. 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 (FRA:CLVB) is currently considered Significantly Undervalued. The stock's GF Value™ is €63.67, compared to a current price of €37.80 — trading 40.6% below its estimated fair value. The current Intrinsic Value: Projected FCF is €25.66. Trip.com Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Trip.com Group (FRA:CLVB), the current Intrinsic Value: Projected FCF is €25.66 as of Aug. 30, 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 (FRA:CLVB) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of €37.80 is trading 40.6% below its estimated GF Value™ of €63.67. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for FRA:CLVB:

  • Intrinsic Value: Projected FCF: €25.66
  • GF Value™: €63.67 vs. price of €37.80 (40.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the FRA:CLVB 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.
79GF Score

Get the complete analysis for FRA:CLVB

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€37.80
Price
€63.67
GF Value