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MMYT MakeMyTrip PE ratio, current and historical analysis

As of Jun 5, 2025, the MakeMyTrip stock's price-to-earnings ratio is 119.12. This results from the current EPS of $0.84 and stock price of $100.06. The PE ratio has increased by 86% from the past four quarters average of 64.0.

MMYT PE ratio history

How has MMYT's PE ratio performed in the past

The PE ratio of MakeMyTrip has averaged 89.16 over the last two years. The current price-to-earnings ratio of 119.12 is 34% more than the historical average. In the past two years, MMYT's PE ratio reached its highest point in the Sep 2023 quarter at 162.08, when the stock price was $40.52 and the EPS was $0.25. The lowest point was recorded in the Mar 2024 quarter, when it reached 36.44 with a price of $71.05 and an EPS of $1.95.

Today
120.46
Average
89.16
Median
76.34
Minimum
36.44
Maximum
162.08

MakeMyTrip PE ratio by year

Maximum annual increase: 220.12% in 2025

Maximum annual decrease: -33.39% in 2012

Year PE ratio PE change Price EPS
2025 116.65 220.12% $97.99 $0.84
2024 36.44 N/A $71.05 $1.95
2023 N/A N/A $24.47 -$0.1
2022 N/A N/A $26.83 -$0.42
2021 N/A N/A $31.58 -$0.52
2020 N/A N/A $11.96 -$4.26
2019 N/A N/A $27.6 -$1.61
2018 N/A N/A $34.7 -$2.18
2017 N/A N/A $34.6 -$2.09
2016 N/A N/A $18.09 -$2.12
2015 N/A N/A $21.96 -$0.44
2014 N/A N/A $27.08 -$0.55
2013 N/A N/A $13.9 -$0.74
2012 114.85 -33.39% $22.97 $0.2
2011 172.41 N/A $29.31 $0.17

MakeMyTrip PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 116.65 121.31% $97.99 $0.84
Dec 2024 52.71 19.66% $112.28 $2.13
Sep 2024 44.05 3.19% $92.95 $2.11
Jun 2024 42.69 17.15% $84.1 $1.97
Mar 2024 36.44 -63.55% $71.05 $1.95
Dec 2023 99.96 -38.33% $46.98 $0.47
Sep 2023 162.08 2.12% $40.52 $0.25
Jun 2023 158.71 N/A $26.98 $0.17
Mar 2023 N/A N/A $24.47 -$0.1
Dec 2022 N/A N/A $27.57 -$0.19
Sep 2022 N/A N/A $30.7 -$0.27
Jun 2022 N/A N/A $25.68 -$0.28
Mar 2022 N/A N/A $26.83 -$0.42
Dec 2021 N/A N/A $27.71 -$0.34
Sep 2021 N/A N/A $27.19 -$0.29

MMYT Price vs fair value

How does MMYT's price compare to its estimated fair value based on its growth

MMYT average PE ratio chart

What is the average PE ratio of MMYT for the past years

Currently, MMYT's PE ratio is above the 3, 5 and 10-year averages.

3-year avg
89.16
5-year avg
89.16
10-year avg
89.16
15-year avg
N/A

MMYT PE vs peers

What is MMYT's PE ratio compared to its peers

When compared to its peer stocks EXPE and TRIP, MMYT's PE ratio is higher.

Stock name PE ratio Market cap
EXPE Expedia Group Inc 19.49 $22.2B
LQDT Liquidity Services Inc 30.2 $782.7M
TRIP TripAdvisor Inc 37.21 $1.85B
MMYT MakeMyTrip Ltd 120.46 $11.45B
CHGG Chegg Inc N/A $148.13M

Frequently asked questions

What is MakeMyTrip's PE ratio?

The price to earnings ratio for MMYT stock as of Jun 5, 2025, stands at 119.12.

What is the 3-year average PE ratio for MakeMyTrip (MMYT)?

As an average over the last 3 years, MMYT stock has a PE ratio of 89.16.

What is the 5-year average PE ratio for MakeMyTrip (MMYT)?

As an average over the last 5 years, MMYT stock has a PE ratio of 89.16.

What is the highest PE ratio for MMYT?

The highest quarterly PE ratio in the last two years has been 162.08 and it was in the Sep 2023 quarter.

How does the current PE ratio for MMYT compare to its historical average?

MMYT's price to earnings ratio is currently 34% above its 2-year historical average.

Why is MakeMyTrip's PE ratio so high?

MMYT's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.

How is MMYT's PE ratio calculated (MakeMyTrip PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 5, 2025), MakeMyTrip's stock price is $100.06. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $0.84. Therefore, MakeMyTrip's price to earnings ratio for today is 119.12. PE RATIO(119.12) = STOCK PRICE($100.06) / TTM EPS($0.84)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.