Trip.com GroupTCOM +2.35%79 ROC (Joel Greenblatt) % is 330.00% as of Dec. 2025, which is 334% above its 10-year median of 76.06. GuruFocus rates TCOM with a GF Score™ of 79/100 and a GF Value™ of $70.09 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 842 Travel & Leisure companies, Trip.com Group ranks better than 97.15% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Trip.com Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 330.00%.
The historical rank and industry rank for Trip.com Group's ROC (Joel Greenblatt) % or its related term are showing as below:
TCOM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.53 Med: 76.06 Max: 652.1
Current: 623.84
During the past 13 years, Trip.com Group's highest ROC (Joel Greenblatt) % was 652.10%. The lowest was -17.53%. And the median was 76.06%.
TCOM's ROC (Joel Greenblatt) % is ranked better than 97.15% of 842
companies
in the Travel & Leisure industry
Industry Median: 10.08
vs TCOM: 623.84
Trip.com Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 153.00% per year.
Trip.com Group (NAS:TCOM) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Trip.com Group ROC (Joel Greenblatt) % Related Terms
Trip.com Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Trip.com Group's ROC (Joel Greenblatt) % 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.
TCOM vs EXPE, CCL, NCLH: ROC (Joel Greenblatt) % Comparison
For the Travel Services subindustry, Trip.com Group's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trip.com Group's ROC (Joel Greenblatt) % falls into.
Trip.com Group ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.
* 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 ROC (Joel Greenblatt) % of 330.00% mean?
Trip.com Group (TCOM) has a ROC (Joel Greenblatt) % of 330.00% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Trip.com Group and its competitors. This is 334% above median its historical median of 76.06. According to the industry distribution chart, Trip.com Group ranks #24 out of 842 companies in the Travel & Leisure industry, placing it in the top 2.9%.
Is Trip.com Group's ROC (Joel Greenblatt) % too high?
Trip.com Group's current ROC (Joel Greenblatt) % of 330.00% is 334% above median its 10-year median of 76.06. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.08. Trip.com Group's value of 330.00% is 3173.8% above this industry median. Based on the distribution chart, Trip.com Group ranks #24 out of 842 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 ROC (Joel Greenblatt) % compare to EXPE and CCL?
According to the Travel & Leisure industry distribution chart, Trip.com Group ranks #24 out of 842 companies for ROC (Joel Greenblatt) %. This places Trip.com Group in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.08. Trip.com Group's value of 330.00% is 3173.8% above this benchmark. While the company's 10-year median is 76.06 vs. the industry median of 10.08, Trip.com Group has consistently been above 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 ROC (Joel Greenblatt) % for a Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.08, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trip.com Group's current ROC (Joel Greenblatt) % of 330.00% is 3173.8% above 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Trip.com Group and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trip.com Group's current ROC (Joel Greenblatt) % is 330.00%, which is 334% above median its own 10-year median of 76.06. 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 $70.09, compared to a current price of $41.77 — trading 40.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 330.00%, which is 334% above median its 10-year median of 76.06 and 3173.8% above the Travel & Leisure industry median of 10.08. Trip.com Group's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Trip.com Group (TCOM), the current ROC (Joel Greenblatt) % is 330.00% 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 $41.77 is trading 40.4% below its estimated GF Value™ of $70.09.
GuruFocus considers Trip.com Group to be Significantly Undervalued.
Key valuation signals for TCOM:
ROC (Joel Greenblatt) %: 330.00% (334% above median its 10-year median of 76.06)
GF Value™: $70.09 vs. price of $41.77 (40.4% below fair value)
Industry Position: 3173.8% above the Travel & Leisure median (#24 of 842)
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
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