MMYT MakeMyTrip PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NASDAQ: MMYT
- PE Ratio
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
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.
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
MMYT average PE ratio chart
Currently, MMYT's PE ratio is above the 3, 5 and 10-year averages.
MMYT PE vs 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.