MakeMyTrip Ltd.

Mauritius Country flag Mauritius
Sector: Travel & Tourism
Ticker: MMYT
ISIN: MU0295S00016
Factsheet Factsheet

Market multiple valuation of MakeMyTrip Ltd. ( MMYT | MUS)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of MakeMyTrip Ltd. is significantly higher than the median of its peer group: around 18.00. The company valuation of MakeMyTrip Ltd. according to these metrics is way above the market valuation of its peer group.
The P/Earnings NTM ratio of MakeMyTrip Ltd. is significantly higher than the average of its sector (Travel & Tourism): 13.24. The company valuation of MakeMyTrip Ltd. according to these metrics is way above the market valuation of its sector.
The P/Earnings NTM ratio of MakeMyTrip Ltd. is lower than its historical 5-year average: 59.5. The (current) company valuation of MakeMyTrip Ltd. is therefore below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2025P/E NTM
MakeMyTrip Ltd.Free trialFree trialFree trial
International PeersFree trialFree trialFree trial
Travel & Tourism13.4213.3913.24
NASDAQ 10031.3521.3819.57
Mauritius6.3528.9430.06
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Beta (Ref: NASDAQ 100)
Levered betaUnlevered beta
1-Year1.161.26
2-Year0.750.82
3-Year0.920.99
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Stock Perf excl. Dividends (in USD)
MMYTNASDAQ 100Rel. Perf.
Year-to-Date-7.6%-0.7%-6.9%
1-Week-8.4%4.5%-12.9%
1-Month6.0%11.7%-5.7%
1-Year38.3%14.9%23.4%
3-Year357.6%74.7%282.9%
5-Year671.2%129.0%542.2%
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International Peers - MakeMyTrip Ltd.
Company NameCtryMarket
Cap.
last (mUSD)
MakeMyTrip Ltd.MUS11 313
International Peers Median0.65
Webjet LimitedAUS1 150
TripAdvisor Inc.USA2 127
Expedia Group, Inc.USA20 542
TONGCHENG ELONG HOLDING...CYM6 196
Indian Railway Catering...INDN/A
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
MakeMyTrip Ltd.
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions USD201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0500100015002000
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Quotes Chart

1-Year Rebased Stock Chart

  • MakeMyTrip Ltd.
  • NASDAQ 100
Created with Highcharts 4.1.7Jan '25Sep '24May '25-25%0%25%50%75%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).