Trip.com Group Ltd ADR
NASDAQ: TCOM · CONSUMER CYCLICAL · TRAVEL SERVICES
Updated 2026-07-29
Trip.com Group Ltd ADR (TCOM) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for TCOM.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
TCOM historical valuation range
Where current P/E sits in TCOM's own 5Y range.
TCOM intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
TCOM valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 6.56x
P/S Ratio — History
Current: 0.41x
Is TCOM overvalued in 2026?
Trip.com Group Ltd ADR (TCOM) currently trades at $46.00 per share with a market capitalization of $26,812,850,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 71/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 6.6x, below its 5-year median of 9.2x. The PEG ratio of 1.91 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, TCOM is currently trading cheaper than 89% of the last 5Y on P/E. This places it in the 11th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates TCOM's intrinsic value at $370.35 per share, against the current market price of $46.00. This implies a margin of safety of +87.77%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
The Piotroski F-Score of 5/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: TCOM trades at a fair valuation on our framework, with a Smart Value Score of 71/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is TCOM overvalued?
TCOM scores 71/100 on our Smart Value Score (Grade B), a mixed overall profile. The DCF also shows a positive margin of safety, so price and fundamentals line up reasonably well.
What is TCOM's fair value?
Our DCF model estimates TCOM's intrinsic value at $370.35 per share, versus the current price of $46.00, a margin of safety of +87.77%. Fair value is the present value of the cash flows we project the business to produce, so a price below it means the market is pricing the stock below that conservative estimate.
What P/E ratio does TCOM trade at?
TCOM trades at a P/E of 6.6x on trailing twelve-month earnings, against a 5-year median of 9.2x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.
Is TCOM a buy based on valuation?
Our Smart Value rating for TCOM is Buy, from a Smart Value Score of 71/100 that blends growth, quality, and valuation. The profile is balanced and best suited to investors who already have a thesis. This is research to inform your decision, not personalized financial advice.
How does TCOM's valuation compare to its history?
On P/E, TCOM sits in the 11th percentile of its own 5Y range, historically cheap relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.
What is TCOM's Smart Value Score?
TCOM's Smart Value Score is 71/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.