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Trip.com GroupFRA:CLVB -0.52%79 Owner Earnings per Share (TTM) is 5.60 as of Mar. 2026, which is 78% below its 10-year median of 25.71. GuruFocus rates FRA:CLVB with a GF Score™ of 79/100 and a GF Value™ of €65.56 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 460 Travel & Leisure companies, Trip.com Group ranks better than 76.3% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Trip.com Group's Owner Earnings per Share (TTM) ended in Mar. 2026 was €5.60. It's Price-to-Owner-Earnings ratio for today is 6.82.
The historical rank and industry rank for Trip.com Group's Owner Earnings per Share (TTM) or its related term are showing as below:
FRA:CLVB'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.38 Med: 25.71 Max: 15966.67
Current: 6.82
FRA:CLVB's Price-to-Owner-Earnings is ranked better than 76.3% of 460
companies
in the Travel & Leisure industry
Industry Median: 13.605
vs FRA:CLVB: 6.82
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Trip.com Group Owner Earnings per Share (TTM) Related Terms
Trip.com Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Trip.com Group's Owner Earnings per Share (TTM) 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 Owner Earnings per Share (TTM) Chart
FRA:CLVB vs EXPE, CCL, NCLH: Owner Earnings per Share (TTM) Comparison
For the Travel Services subindustry, Trip.com Group's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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-Owner-Earnings vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Trip.com Group's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Trip.com Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was €0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €61 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Trip.com Group's 5-Year Average Maintenance Capital Expenditure = €61 Mil
5. "Change In Working Capital" is from cashflow statement. Trip.com Group's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was €0 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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 Owner Earnings per Share (TTM) of 5.60 mean?
Trip.com Group (FRA:CLVB) has a Owner Earnings per Share (TTM) of 5.60 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Trip.com Group. This is 78% below median its historical median of 25.71. Over the past decade, Trip.com Group's Owner Earnings per Share (TTM) has ranged from 6.38 to 15,966.67. According to the industry distribution chart, Trip.com Group ranks #109 out of 460 companies in the Travel & Leisure industry, placing it in the top 23.7%.
Is Trip.com Group's Owner Earnings per Share (TTM) too high?
Trip.com Group's current Owner Earnings per Share (TTM) of 5.60 is 78% below median its 10-year median of 25.71. Over the past 10 years, this metric has ranged from a low of 6.38 to a high of 15,966.67. The Travel & Leisure industry median Owner Earnings per Share (TTM) is 13.61. Trip.com Group's value of 5.60 is 58.8% below this industry median. Based on the distribution chart, Trip.com Group ranks #109 out of 460 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. 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 Owner Earnings per Share (TTM) compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #109 out of 460 companies for Owner Earnings per Share (TTM). This places Trip.com Group in the top 24% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 13.61. Trip.com Group's value of 5.60 is 58.8% below this benchmark. Historically, Trip.com Group's own Owner Earnings per Share (TTM) has ranged from 6.38 to 15,966.67 over the past decade. While the company's 10-year median is 25.71 vs. the industry median of 13.61, Trip.com Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Travel & Leisure company?
The median Owner Earnings per Share (TTM) among Travel & Leisure companies is 13.61, based on 460 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trip.com Group's current Owner Earnings per Share (TTM) of 5.60 is 58.8% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Trip.com Group. For the Travel & Leisure industry, the median Owner Earnings per Share (TTM) is 13.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current Owner Earnings per Share (TTM) is 5.60, which is 78% below median its own 10-year median of 25.71. 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 €65.56, compared to a current price of €38.20 — trading 41.7% below its estimated fair value. The current Owner Earnings per Share (TTM) is 5.60, which is 78% below median its 10-year median of 25.71 and 58.8% below the Travel & Leisure industry median of 13.61. 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 Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Trip.com Group (FRA:CLVB), the current Owner Earnings per Share (TTM) is 5.60 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 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 €38.20 is trading 41.7% below its estimated GF Value™ of €65.56.
GuruFocus considers Trip.com Group to be Significantly Undervalued.
Key valuation signals for FRA:CLVB:
Owner Earnings per Share (TTM): 5.60 (78% below median its 10-year median of 25.71)
GF Value™: €65.56 vs. price of €38.20 (41.7% below fair value)
Industry Position: 58.8% below the Travel & Leisure median (#109 of 460)
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 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
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