Expedia Group, Inc. (EXPE) Financial Ratios
23 years of historical data (2003–2025) · Consumer Cyclical · Travel Services
EV/EBITDA
↓
9.73
↓-39% vs avg
5yr avg: 16.04
30Y Low5.1·High31.8
P/FCF
↑
9.06
-8% vs avg
5yr avg: 9.86
30Y Low3.3·High28.7
P/B Ratio
↑
12.48
↑+44% vs avg
5yr avg: 8.69
30Y Low0.5·High14.7
ROE
↑
48.4%
↓+91% vs avg
5yr avg: 25.4%
30Y Low-69%·High48%
Debt/EBITDA
↓
2.33
↓-45% vs avg
5yr avg: 4.25
30Y Low0.3·High8.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXPE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Expedia Group, Inc. trades at 24.6x earnings, 17% below its 5-year average of 29.6x, sitting at the 44th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 16%. On a free-cash-flow basis, the stock trades at 9.1x P/FCF, 8% below the 5-year average of 9.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $28.2B | $37.4B | $25.7B | $22.8B | $14.2B | $27.1B | $18.7B | $16.2B | $17.2B | $18.7B | $17.5B |
| Enterprise Value | $27.9B | $37.1B | $28.0B | $25.1B | $16.6B | $31.8B | $24.1B | $18.4B | $18.5B | $20.1B | $18.9B |
| P/E Ratio → | 24.56 | 28.88 | 20.82 | 28.59 | 40.18 | — | — | 28.68 | 42.35 | 49.49 | 62.24 |
| P/S Ratio | 1.91 | 2.54 | 1.88 | 1.78 | 1.21 | 3.15 | 3.60 | 1.34 | 1.53 | 1.86 | 2.00 |
| P/B Ratio | 12.48 | 14.68 | 9.18 | 8.18 | 3.80 | 7.62 | 4.65 | 2.93 | 3.03 | 3.05 | 3.07 |
| P/FCF | 9.06 | 12.02 | 11.03 | 12.37 | 5.10 | 8.80 | — | 10.09 | 15.70 | 17.20 | 21.48 |
| P/OCF | 7.26 | 9.63 | 8.33 | 8.48 | 4.12 | 7.22 | — | 5.86 | 8.72 | 10.41 | 11.19 |
P/E links to full P/E history page with 30-year chart
EXPE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Expedia Group, Inc.'s enterprise value stands at 9.7x EBITDA, 39% below its 5-year average of 16.0x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 20% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.52 | 2.05 | 1.96 | 1.42 | 3.69 | 4.63 | 1.52 | 1.65 | 2.00 | 2.15 |
| EV / EBITDA | 9.73 | 12.94 | 13.00 | 13.67 | 8.86 | 31.76 | — | 10.13 | 11.06 | 13.29 | 15.02 |
| EV / EBIT | 14.10 | 18.74 | 15.69 | 19.91 | 20.40 | 101.47 | — | 19.37 | 27.40 | 33.64 | 41.95 |
| EV / FCF | — | 11.92 | 12.04 | 13.64 | 5.98 | 10.33 | — | 11.43 | 16.86 | 18.49 | 23.15 |
EXPE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Expedia Group, Inc. earns an operating margin of 13.4%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 8.0% to 13.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 48.4% is exceptionally high — well above the sector median of 5.3%. ROIC of 40.2% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.1% | 84.1% | 89.5% | 87.7% | 85.8% | 82.3% | 67.7% | 82.9% | 82.5% | 82.5% | 81.8% |
| Operating Margin | 13.4% | 13.4% | 9.6% | 8.0% | 9.3% | 2.2% | -29.4% | 7.5% | 6.4% | 6.2% | 5.3% |
| Net Profit Margin | 8.8% | 8.8% | 9.0% | 6.2% | 3.0% | 0.1% | -50.2% | 4.7% | 3.6% | 3.8% | 3.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 48.4% | 48.4% | 44.2% | 24.5% | 9.7% | 0.3% | -54.6% | 10.1% | 6.9% | 6.4% | 5.0% |
| ROA | 5.5% | 5.5% | 5.6% | 3.7% | 1.6% | 0.1% | -13.0% | 2.9% | 2.2% | 2.2% | 1.8% |
| ROIC | 40.2% | 40.2% | 19.3% | 13.7% | 11.3% | 1.6% | -13.4% | 9.2% | 7.4% | 6.4% | 4.9% |
| ROCE | 23.9% | 23.9% | 14.2% | 10.0% | 9.5% | 1.5% | -12.7% | 8.7% | 6.9% | 6.2% | 4.8% |
EXPE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Expedia Group, Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (51% below the sector average of 4.8x). The company holds a net cash position — cash of $7.0B exceeds total debt of $6.7B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 6.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.62 | 2.62 | 2.33 | 2.36 | 1.76 | 2.48 | 2.17 | 0.99 | 0.65 | 0.69 | 0.55 |
| Debt / EBITDA | 2.33 | 2.33 | 3.03 | 3.57 | 3.49 | 8.81 | — | 3.02 | 2.22 | 2.81 | 2.52 |
| Net Debt / Equity | — | -0.12 | 0.84 | 0.84 | 0.66 | 1.32 | 1.33 | 0.39 | 0.22 | 0.23 | 0.24 |
| Net Debt / EBITDA | -0.11 | -0.11 | 1.09 | 1.27 | 1.31 | 4.70 | — | 1.19 | 0.76 | 0.93 | 1.08 |
| Debt / FCF | — | -0.10 | 1.01 | 1.27 | 0.88 | 1.53 | — | 1.34 | 1.16 | 1.29 | 1.67 |
| Interest Coverage | 6.62 | 6.62 | 7.27 | 5.16 | 2.94 | 0.89 | -7.75 | 5.48 | 3.55 | 3.29 | 2.60 |
Net cash position: cash ($7.0B) exceeds total debt ($6.7B)
EXPE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets — though the company's $7.0B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.78x to 0.73x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.72 | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 | 0.56 |
| Quick Ratio | 0.73 | 0.73 | 0.72 | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 | 0.56 |
| Cash Ratio | 0.44 | 0.44 | 0.33 | 0.36 | 0.38 | 0.46 | 0.63 | 0.36 | 0.31 | 0.42 | 0.31 |
| Asset Turnover | — | 0.60 | 0.61 | 0.59 | 0.54 | 0.40 | 0.28 | 0.56 | 0.62 | 0.54 | 0.56 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 104.15 | 86.70 | 80.54 | 66.26 | 57.27 | 57.64 | 78.46 | 70.74 | 68.45 | 56.69 |
EXPE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Expedia Group, Inc. returns 7.5% to shareholders annually — split between a 0.6% dividend yield and 6.8% buyback yield. The payout ratio of 15.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.5% | — | — | — | 0.2% | 0.3% | 1.2% | 1.1% | 0.9% | 0.9% |
| Payout Ratio | 15.5% | 15.5% | — | — | — | 558.3% | — | 34.5% | 45.8% | 46.5% | 53.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 3.5% | 4.8% | 3.5% | 2.5% | — | — | 3.5% | 2.4% | 2.0% | 1.6% |
| FCF Yield | 11.0% | 8.3% | 9.1% | 8.1% | 19.6% | 11.4% | — | 9.9% | 6.4% | 5.8% | 4.7% |
| Buyback Yield | 6.8% | 5.2% | 7.2% | 9.4% | 4.3% | 0.6% | 2.3% | 4.6% | 5.4% | 1.7% | 2.6% |
| Total Shareholder Yield | 7.5% | 5.7% | 7.2% | 9.4% | 4.3% | 0.9% | 2.5% | 5.8% | 6.4% | 2.6% | 3.5% |
| Shares Outstanding | — | $132M | $138M | $150M | $162M | $150M | $141M | $150M | $153M | $156M | $155M |
Peer Comparison
Compare EXPE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EXPEYou | $28B | 24.6 | 9.7 | 9.1 | 84.1% | 13.4% | 48.4% | 40.2% | 2.3 |
 BKNG | $133B | 25.9 | 13.5 | 14.6 | 100.0% | 34.5% | — | — | 1.9 |
 ABNB | $85B | 35.3 | 31.5 | 18.2 | 83.0% | 20.8% | 30.2% | 50.6% | 0.8 |
 TRIP | $2B | 41.8 | 9.9 | 9.3 | 62.0% | 4.2% | 5.0% | 7.4% | 7.2 |
 TCOM | $28B | 6.6 | 10.9 | 14.1 | 80.6% | 25.3% | 20.5% | 7.9% | 1.9 |
 MMYT | $4B | 99.4 | 29.8 | — | 55.9% | 14.7% | 9.0% | 12.4% | 7.7 |
 SABR | $743M | 1.4 | 9.6 | — | 56.4% | 12.7% | — | 9.7% | 9.8 |
 AAL | $11B | 94.1 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 MAR | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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DCF models, multiple analysis, and analyst estimates.
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10-year return with dividends reinvested.
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EXPE — Frequently Asked Questions
Quick answers to the most common questions about buying EXPE stock.
What is Expedia Group, Inc.'s P/E ratio?
Expedia Group, Inc.'s current P/E ratio is 24.6x. The historical average is 28.0x. This places it at the 44th percentile of its historical range.
What is Expedia Group, Inc.'s EV/EBITDA?
Expedia Group, Inc.'s current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
What is Expedia Group, Inc.'s ROE?
Expedia Group, Inc.'s return on equity (ROE) is 48.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.5%.
Is EXPE stock overvalued?
Based on historical data, Expedia Group, Inc. is trading at a P/E of 24.6x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Expedia Group, Inc.'s dividend yield?
Expedia Group, Inc.'s current dividend yield is 0.63% with a payout ratio of 15.5%.
What are Expedia Group, Inc.'s profit margins?
Expedia Group, Inc. has 84.1% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Expedia Group, Inc. have?
Expedia Group, Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.