TCOM (Trip.com Group) Property, Plant and Equipment: $919 Mil (As of Dec. 2025)


TCOM Trip.com Group Ltd TCOM
79 GF Score
Price $41.08
GF Value $77.41
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Trip.com Group Property, Plant and Equipment?

Trip.com Group TCOM +3.09% 79 Property, Plant and Equipment is $919 Mil as of Dec. 2025. GuruFocus rates TCOM with a GF Score™ of 79/100 and a GF Value™ of $77.41 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Trip.com Group's quarterly net PPE increased from Jun. 2025 ($858 Mil) to Sep. 2025 ($888 Mil) and increased from Sep. 2025 ($888 Mil) to Dec. 2025 ($919 Mil).

Trip.com Group's annual net PPE declined from Dec. 2023 ($821 Mil) to Dec. 2024 ($810 Mil) but then increased from Dec. 2024 ($810 Mil) to Dec. 2025 ($919 Mil).


Trip.com Group  (NAS:TCOM) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Trip.com Group Property, Plant and Equipment Related Terms


Trip.com Group Property, Plant and Equipment Historical Data

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The historical data trend for Trip.com Group's Property, Plant and Equipment 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 Property, Plant and Equipment Chart

Trip.com Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 991.63 868.66 820.57 810.50 918.90

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
Property, Plant and Equipment 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 801.73 857.89 888.47 918.90 942.38
TCOM
79GF Score
Trip.com Group Ltd TCOM
Property, Plant and Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
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Trip.com Group Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

What does a Property, Plant and Equipment of $919 Mil mean?
Trip.com Group (TCOM) has a Property, Plant and Equipment of $919 Mil as of Dec. 2025. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Trip.com Group and its competitors.
Is Trip.com Group's Property, Plant and Equipment too high?
Trip.com Group's current Property, Plant and Equipment is $919 Mil. 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 Property, Plant and Equipment compare to EXPE and CCL?
Trip.com Group's Property, Plant and Equipment of $919 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Property, Plant and Equipment for a Travel & Leisure company?
A good Property, Plant and Equipment depends on the Travel & Leisure industry context. However, Property, Plant and Equipment 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 Property, Plant and Equipment mean?
A high Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Trip.com Group and its competitors. Trip.com Group's current Property, Plant and Equipment is $919 Mil. 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 (TCOM) is currently considered Significantly Undervalued. The stock's GF Value™ is $77.41, compared to a current price of $41.08 — trading 46.9% below its estimated fair value. The current Property, Plant and Equipment is $919 Mil. 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 Property, Plant and Equipment calculated?
Property, Plant and Equipment is calculated from a company's financial statements. For Trip.com Group (TCOM), the current Property, Plant and Equipment is $919 Mil as of Dec. 2025. 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 (TCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of $41.08 is trading 46.9% below its estimated GF Value™ of $77.41. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for TCOM:

  • Property, Plant and Equipment: $919 Mil
  • GF Value™: $77.41 vs. price of $41.08 (46.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TCOM 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 TCOM

Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.08
Price
$77.41
GF Value