MMYT PE Ratio & Valuation, Is MMYT Overvalued

Historical Valuation

MakeMyTrip Ltd (MMYT) is now in the Fair zone, suggesting that its current forward PS ratio of 6.48 is considered Fairly compared with the five-year average of 146.57. The fair price of MakeMyTrip Ltd (MMYT) is between 28.59 to 56.14 according to relative valuation method.

Relative Value

Fair Zone

28.59-56.14

Current Price：45.53

Fair

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

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MakeMyTrip Ltd (MMYT) has a current Price-to-Book (P/B) ratio of 314.57. Compared to its 3-year average P/B ratio of 51.82, the current P/B ratio is approximately 507.10% higher. Relative to its 5-year average P/B ratio of 31.61, the current P/B ratio is about 895.13% higher. MakeMyTrip Ltd (MMYT) has a Forward Free Cash Flow (FCF) yield of approximately 2.10%. Compared to its 3-year average FCF yield of 1.58%, the current FCF yield is approximately 32.40% lower. Relative to its 5-year average FCF yield of 1.18%, the current FCF yield is about 77.38% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for MMYT competitors is 3.15, providing a benchmark for relative valuation. MakeMyTrip Ltd Corp (MMYT.O) exhibits a P/S ratio of 6.48, which is 105.84% above the industry average. Given its robust revenue growth of 10.59%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of MMYT increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of MMYT in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is MMYT currently overvalued or undervalued?

What is MakeMyTrip Ltd (MMYT) fair value?

MMYT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of MakeMyTrip Ltd (MMYT) is between 28.59 to 56.14 according to relative valuation method.

How does MMYT's valuation metrics compare to the industry average?

The average P/S ratio for MMYT's competitors is 3.15, providing a benchmark for relative valuation. MakeMyTrip Ltd Corp (MMYT) exhibits a P/S ratio of 6.48, which is 105.84% above the industry average. Given its robust revenue growth of 10.59%, this premium appears unsustainable.

What is the current P/B ratio for MakeMyTrip Ltd (MMYT) as of Mar 13 2026?

As of Mar 13 2026, MakeMyTrip Ltd (MMYT) has a P/B ratio of 314.57. This indicates that the market values MMYT at 314.57 times its book value.

What is the current FCF Yield for MakeMyTrip Ltd (MMYT) as of Mar 13 2026?

As of Mar 13 2026, MakeMyTrip Ltd (MMYT) has a FCF Yield of 2.10%. This means that for every dollar of MakeMyTrip Ltd's market capitalization, the company generates 2.10 cents in free cash flow.

What is the current Forward P/E ratio for MakeMyTrip Ltd (MMYT) as of Mar 13 2026?

As of Mar 13 2026, MakeMyTrip Ltd (MMYT) has a Forward P/E ratio of 105.62. This means the market is willing to pay $105.62 for every dollar of MakeMyTrip Ltd's expected earnings over the next 12 months.

What is the current Forward P/S ratio for MakeMyTrip Ltd (MMYT) as of Mar 13 2026?

As of Mar 13 2026, MakeMyTrip Ltd (MMYT) has a Forward P/S ratio of 6.48. This means the market is valuing MMYT at $6.48 for every dollar of expected revenue over the next 12 months.

MMYT Valuation