Trip.com Group Limited
TCOMConsumer Cyclical · Travel Services · NASDAQ
$39.58
P/E 6.3×
Is Trip.com Group Limited (TCOM) Undervalued? Valuation & Fair Price
At $39.58, 3 of the 4 frameworks would buy Trip.com Group Limited today — Warren Buffett, Benjamin Graham, and Peter Lynch rate it Buy and Phil Town (Rule #1) rates it Avoid. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
Valuo fair-value verdict
Trip.com Group Limited looks 384% undervalued
TCOM trades at $39.58 versus a blended fair value of $191.51 across 4 investor frameworks. That's a 384% margin of safety to our estimate — the exact buy-below price from each framework is below.
The four investor lenses
See how each legend judges TCOM
Pick a lens — the fair-value rail and its checklist update. The exact prices unlock with a free account.
Buffett: Wonderful businesses at a fair price — moat, high returns on capital, owner earnings.
Where Buffett marks fair value — the exact price is in the full analysis.
Buffett's checklist
Return on Equity
ROE Consistency
ROE Quality (Low Leverage)
Debt Levels
The full checklist, the exact fair value, and all four lenses side by side
Unlock free →The six questions · TCOM
signal free · score locked
- Is it cheap enough?Strong
A great business at the wrong price is still a bad buy.
Price score — free accountP/E · PEG
- Is this a good business?Mixed
Returns on capital, margins, and the cash they throw off.
Quality score — free accountROIC · margins
- Can it survive a bad year?Strong
Debt, liquidity, and balance-sheet resilience.
Safety score — free accountDebt · liquidity
- Are the numbers honest?Weak
Whether reported profit is backed by real cash.
Integrity score — free accountCash-backed profit
- Is it getting better?Strong
Revenue, earnings, and cash-flow trajectory.
Growth score — free accountRevenue · earnings
- Who runs it — and are they buying?Mixed
Capital allocation, dilution, and insider conviction.
Stewardship score — free accountDilution · insiders
Strong on Price, Safety, Growth; weak on Integrity.
Inside · Price
Price is what you pay for the cash a business earns. Roughly under ~15× earnings is cheap; over ~30× the market is already pricing in strong growth, so you need that growth to show up.
The exact number, the reference bands, and each legend's take unlock free.
Bear · base · bull
Three ways TCOM could play out
A fair-value target for each scenario, with the assumptions behind it.
Bear case
Bear case price target — free accountGrowth disappoints and the multiple compresses — the downside if things go wrong.
Base case
Base case price target — free accountThe most likely path given current fundamentals — the scenario to anchor on.
Bull case
Bull case price target — free accountExecution beats expectations and growth holds — the upside if things go right.
Company financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $9.1B | $8.0B | $6.7B | $3.0B | $3.0B |
| Rev. Growth | +13.9% | +19.7% | +122.1% | +0.1% | — |
| Net Income | $4.9B | $2.6B | $1.5B | $211M | -$83M |
| Net Margin | 53.3% | 32.0% | 22.3% | 7.0% | -2.7% |
| EPS (Diluted) | $7.39 | $3.92 | $2.28 | $0.33 | $-0.13 |
About Trip.com Group Limited
Trip.com Group Limited stands as a leading global travel service provider, operating extensively both within China and across international markets. Through its various subsidiaries, the company offers a comprehensive spectrum of travel-related solutions. As a booking intermediary, it facilitates hotel accommodations and air ticket purchases, complementing these with access to train, long-distance bus, and ferry tickets. The firm enhances the travel experience with various value-added services, including a range of travel insurance products (covering aspects like flight delays, accidents, and baggage loss), along with conveniences such as ticket delivery, online check-in, seat selection, expedited security, real-time flight tracking, and airport VIP lounge access. Catering to leisure travelers, Trip.com Group curates diverse packaged tour products, from organized group excursions and semi-private trips to fully customized itineraries. These packages incorporate various transportation options, including air and cruise travel, as well as bus and car rental services. Furthermore, its in-destination offerings are extensive, providing local transportation, activity and attraction tickets, additional insurance, visa assistance, and professional tour guides. The company also provides integrated travel packages that combine transportation and lodging seamlessly. For its corporate clientele, Trip.com Group delivers tailored solutions encompassing business visits, incentive travel programs, and comprehensive meeting and conference planning. These services are supported by advanced travel data collection and analysis, alongside industry benchmarking. A cornerstone of its corporate offering is the Corporate Travel Management System, an online platform that integrates information management, booking and authorization workflows, inquiry functionalities, and detailed travel reporting. Beyond its core travel services, the company has diversified into online advertising and financial services, offering marketing planning and travel media solutions. Trip.com Group operates under a portfolio of widely recognized brands, including Ctrip, Qunar, Trip.com, and Skyscanner. The company was founded in 1999 and was previously known as Ctrip.com International, Ltd. before officially changing its name to Trip.com Group Limited in October 2019. Its global headquarters are situated in Singapore.
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Data as of Oct 6, 2026 · price updated Oct 19, 2026. Sourced from SEC filings & Financial Modeling Prep.
Educational Use Only · Not Financial Advice
Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.