Trip.com GroupTCOM -15.44%79 PB Ratio is 1.11 as of Jun. 25, 2026, which is 26% below its 10-year median of 1.49. GuruFocus rates TCOM with a GF Score™ of 79/100 and a GF Value™ of $79.05 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 795 Travel & Leisure companies, Trip.com Group ranks better than 57.23% on this metric.
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 (2026-06-25), Trip.com Group's share price is $39.15. Trip.com Group's Book Value per Share for the quarter that ended in Dec. 2025 was $35.15. Hence, Trip.com Group's PB Ratio of today is 1.11.
Good Sign:
Trip.com Group Ltd stock PB Ratio (=1.24) is close to 3-year low of 1.21.
The historical rank and industry rank for Trip.com Group's PB Ratio or its related term are showing as below:
TCOM'
s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.49 Max: 2.7
Current: 1.05
During the past 13 years, Trip.com Group's highest PB Ratio was 2.70. The lowest was 0.72. And the median was 1.49.
TCOM's PB Ratio is ranked better than 57.23% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs TCOM: 1.05
During the past 12 months, Trip.com Group's average Book Value Per Share Growth Rate was 24.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trip.com Group was 227.10% per year. The lowest was 0.10% per year. And the median was 27.10% per year.
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
Trip.com Group PB Ratio Historical Data
* Premium members only.
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.
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 PB Ratio vs 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.
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:
* 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.
It can also be calculated from the numbers for the whole company:
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 (TCOM) has a PB Ratio of 1.11 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trip.com Group and its competitors. This is 26% below median its historical median of 1.49. Over the past decade, Trip.com Group's PB Ratio has ranged from 0.72 to 2.70. According to the industry distribution chart, Trip.com Group ranks #340 out of 795 companies in the Travel & Leisure industry, placing it in the top 42.8%.
Is Trip.com Group's PB Ratio too high?
Trip.com Group's current PB Ratio of 1.11 is 26% below median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.70. The Travel & Leisure industry median PB Ratio is 1.49. Trip.com Group's value of 1.11 is 25.5% below this industry median. Based on the distribution chart, Trip.com Group ranks #340 out of 795 companies in the Travel & Leisure industry, which is above 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 PB Ratio compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #340 out of 795 companies for PB Ratio. This puts Trip.com Group in the upper half of its industry. The industry median PB Ratio is 1.49. Trip.com Group's value of 1.11 is 25.5% below this benchmark. Historically, Trip.com Group's own PB Ratio has ranged from 0.72 to 2.70 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.49, 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trip.com Group's current PB Ratio of 1.11 is 25.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trip.com Group and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current PB Ratio is 1.11, which is 26% below median its own 10-year median of 1.49. 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 $79.05, compared to a current price of $39.15 — trading 50.5% below its estimated fair value. The current PB Ratio is 1.11, which is 26% below median its 10-year median of 1.49 and 25.5% below the Travel & Leisure industry median of 1.49. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Trip.com Group (TCOM), the current PB Ratio is 1.11 as of Jun. 25, 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 (TCOM) Overvalued in 2026?
Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued.
The current stock price of $39.15 is trading 50.5% below its estimated GF Value™ of $79.05.
GuruFocus considers Trip.com Group to be Significantly Undervalued.
Key valuation signals for TCOM:
PB Ratio: 1.11 (26% below median its 10-year median of 1.49)
GF Value™: $79.05 vs. price of $39.15 (50.5% below fair value)
Industry Position: 25.5% below the Travel & Leisure median (#340 of 795)
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 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
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TCOM has been successfully added to your 
