MMYT vs BKNG

For growth investors, MakeMyTrip Limited (MMYT) is the stronger pick with 25.

0% revenue growth year-over-year, versus 13. 4% for Booking Holdings Inc. (BKNG). Booking Holdings Inc. (BKNG) offers the better valuation at 25. 4x trailing P/E (16. 0x forward), making it the more compelling value choice. Analysts rate MakeMyTrip Limited (MMYT) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Booking Holdings Inc.

(BKNG) is the cheapest at 25. 4x versus MakeMyTrip Limited at 59. 6x. On forward P/E, Booking Holdings Inc. is actually cheaper at 16. 0x.

Over the past 5 years, MakeMyTrip Limited (MMYT) delivered a total return of +98.

0%, compared to +88. 3% for Booking Holdings Inc. (BKNG). Over 10 years, the gap is even starker: BKNG returned +243. 4% versus MMYT's +187. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Booking Holdings Inc.

(BKNG) is the lower-risk stock at 0. 74β versus MakeMyTrip Limited's 1. 17β — meaning MMYT is approximately 58% more volatile than BKNG relative to the S&P 500.

By revenue growth (latest reported year), MakeMyTrip Limited (MMYT) is pulling ahead at 25.

0% versus 13. 4% for Booking Holdings Inc. (BKNG). On earnings-per-share growth, the picture is similar: Booking Holdings Inc. grew EPS -4. 2% year-over-year, compared to -54. 6% for MakeMyTrip Limited. Over a 3-year CAGR, MMYT leads at 47. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Booking Holdings Inc.

(BKNG) is the more profitable company, earning 20. 1% net margin versus 9. 7% for MakeMyTrip Limited — meaning it keeps 20. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BKNG leads at 34. 5% versus 12. 3% for MMYT. At the gross margin level — before operating expenses — BKNG leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Booking Holdings Inc.

(BKNG) trades at 16. 0x forward P/E versus 71. 7x for MakeMyTrip Limited — 55. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MMYT: 83. 9% to $91. 00.

In this comparison, BKNG (0.

9% yield) pays a dividend. MMYT does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Booking Holdings Inc.

(BKNG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 0. 9% yield, +243. 4% 10Y return). Both have compounded well over 10 years (BKNG: +243. 4%, MMYT: +187. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: MMYT is a small-cap high-growth stock; BKNG is a mid-cap quality compounder stock. BKNG pays a dividend while MMYT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.