MakeMyTrip Limited (MMYT) P/E Ratio History
Historical price-to-earnings valuation from 2011 to 2026
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MMYT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, MakeMyTrip Limited (MMYT) trades at a price-to-earnings ratio of 60.9x, with a stock price of $50.51 and trailing twelve-month earnings per share of $0.57.
The current P/E is 65% below its 5-year average of 173.6x. Over the past five years, MMYT's P/E has ranged from a low of 42.5x to a high of 964.1x, placing the current valuation at the 17th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.4x, MMYT trades at a 213% premium to its sector peers. The sector includes 302 companies with P/E ratios ranging from 0.1x to 199.2x.
Relative to the broader market, MMYT commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MMYT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MMYT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $133B | 25.9 | 0.16Best | -4% | |
| $30B | 25.8 | - | +10% | |
| $35B | 14.7 | 0.82 | +68% | |
| $1B | 36.2 | - | +799%Best | |
| $84B | 34.9 | - | -2% | |
| $102M | 22.8 | - | -61% | |
| $818M | 1.5Lowest | - | +284% | |
| $32B | 9.8 | - | +8% | |
| $48B | 9.5 | - | +44% | |
| $93B | 37.1 | - | +14% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MMYT Historical P/E Data (2011–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Wed Dec 31 2025 00:00:00 GM | $82.12 | $0.49 | 169.1x | -3% |
| FY2026 Q2 | $93.60 | $0.64 | 145.6x | -16% | |
| FY2026 Q1 | Mon Jun 30 2025 00:00:00 GM | $98.02 | $0.86 | 114.0x | -34% |
| FY2025 Q4 | Mon Mar 31 2025 00:00:00 GM | $97.99 | $0.83 | 118.1x | -32% |
| FY2025 Q3 | $112.28 | $1.84 | 61.0x | -65% | |
| FY2025 Q2 | Mon Sep 30 2024 00:00:00 GM | $92.95 | $1.83 | 50.8x | -71% |
| FY2025 Q1 | Sun Jun 30 2024 00:00:00 GM | $84.10 | $1.69 | 49.8x | -71% |
| FY2024 Q4 | Sun Mar 31 2024 00:00:00 GM | $71.05 | $1.67 | 42.5x | -75% |
| FY2024 Q3 | Sun Dec 31 2023 00:00:00 GM | $46.98 | $0.46 | 102.1x | -41% |
| FY2024 Q2 | Sat Sep 30 2023 00:00:00 GM | $40.52 | $0.24 | 168.1x | -3% |
| FY2024 Q1 | Fri Jun 30 2023 00:00:00 GM | $26.98 | $0.16 | 169.5x | -2% |
| FY2013 Q2 | Sun Sep 30 2012 00:00:00 GM | $17.03 | $0.12 | 144.3x | -17% |
Average P/E for displayed period: 173.6x
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Start ComparisonMMYT — Frequently Asked Questions
Quick answers to the most common questions about buying MMYT stock.
Is MMYT stock overvalued or undervalued?
MMYT trades at 60.9x P/E, below its 5-year average of 173.6x. At the 17th percentile of historical range, the stock is priced at a discount to its own history.
How does MMYT's valuation compare to peers?
MakeMyTrip Limited P/E of 60.9x compares to sector median of 19.4x. The premium reflects expected growth above peers.
What is MMYT's PEG ratio?
MMYT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2011-2026.