Trip.com Group (HKSE:09961) PB Ratio : 2.03 (As of Apr. 26, 2024)

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What is Trip.com Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-26), Trip.com Group's share price is HK$406.60. Trip.com Group's Book Value per Share for the quarter that ended in Sep. 2023 was HK$199.96. Hence, Trip.com Group's PB Ratio of today is 2.03.

The historical rank and industry rank for Trip.com Group's PB Ratio or its related term are showing as below:

HKSE:09961' s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.71 Max: 8.51
Current: 2.04

During the past 13 years, Trip.com Group's highest PB Ratio was 8.51. The lowest was 0.72. And the median was 1.71.

HKSE:09961's PB Ratio is ranked worse than
54.5% of 756 companies
in the Travel & Leisure industry
Industry Median: 1.74 vs HKSE:09961: 2.04

During the past 12 months, Trip.com Group's average Book Value Per Share Growth Rate was 2.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 21.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trip.com Group was 116.90% per year. The lowest was 0.10% per year. And the median was 36.90% per year.

Back to Basics: PB Ratio

Trip.com Group PB Ratio Historical Data

The historical data trend for Trip.com Group's PB 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.

* Premium members only.

Trip.com Group PB Ratio Chart

Trip.com Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.91

1.41

1.39

Trip.com Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.41	1.43	1.37	1.43	1.39

Competitive Comparison of Trip.com Group's PB Ratio

For the Travel Services subindustry, Trip.com Group's PB Ratio, along with its competitors' market caps and PB 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.

Trip.com Group's PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Trip.com Group's PB Ratio falls into.

Trip.com Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Trip.com Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	406.60	/	199.964
	=	2.03

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Trip.com Group (HKSE:09961) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Trip.com Group PB Ratio Related Terms

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Trip.com Group (HKSE:09961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trip.com Group Ltd (HKSE:09961) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TRPCF:USA TCOM:USA 0I50:UK CLV:Germany CRIP34:Brazil

Address

968 Jin Zhong Road, Shanghai, CHN, 200335

Website

https://www.ctrip.com

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 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. 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.

Trip.com Group (HKSE:09961) Headlines

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