MMYT vs BKNG vs EXPE vs ABNB vs TCOM

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

0% revenue growth year-over-year, versus 7. 6% for Expedia Group, Inc. (EXPE). Trip. com Group Limited (TCOM) offers the better valuation at 14. 7x trailing P/E (1. 9x 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, Trip.

com Group Limited (TCOM) is the cheapest at 14. 7x versus MakeMyTrip Limited at 60. 9x. On forward P/E, Trip. com Group Limited is actually cheaper at 1. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Booking Holdings Inc. wins at 0. 10x versus Trip. com Group Limited's 0. 11x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, MakeMyTrip Limited (MMYT) delivered a total return of +97.

0%, compared to -7. 1% for Airbnb, Inc. (ABNB). Over 10 years, the gap is even starker: BKNG returned +250. 7% versus ABNB's -2. 9%. 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 Expedia Group, Inc. 's 1. 47β — meaning EXPE is approximately 98% more volatile than BKNG relative to the S&P 500. On balance sheet safety, MakeMyTrip Limited (MMYT) carries a lower debt/equity ratio of 20% versus 3% for Expedia Group, Inc. — giving it more financial flexibility in a downturn.

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

0% versus 7. 6% for Expedia Group, Inc. (EXPE). On earnings-per-share growth, the picture is similar: Trip. com Group Limited grew EPS 67. 7% 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.

Trip.

com Group Limited (TCOM) is the more profitable company, earning 32. 0% net margin versus 8. 8% for Expedia Group, Inc. — meaning it keeps 32. 0% 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Booking Holdings Inc. (BKNG) is the more undervalued stock at a PEG of 0. 10x versus Trip. com Group Limited's 0. 11x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Trip. com Group Limited (TCOM) trades at 1. 9x forward P/E versus 73. 2x for MakeMyTrip Limited — 71. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MMYT: 80. 2% to $91. 00.

In this comparison, BKNG (0.

9% yield), EXPE (0. 6% yield) pay a dividend. MMYT, ABNB, TCOM do 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, +250. 7% 10Y return). Both have compounded well over 10 years (BKNG: +250. 7%, ABNB: -2. 9%), 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; EXPE is a mid-cap quality compounder stock; ABNB is a mid-cap quality compounder stock; TCOM is a mid-cap high-growth stock. BKNG, EXPE pay a dividend while MMYT, ABNB, TCOM do 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.