MMYT MakeMyTrip PE ratio, current and historical analysis
As of Feb 21, 2025, the MakeMyTrip stock's price-to-earnings ratio is 45.73. This results from the current EPS of $2.14 and stock price of $97.87. The PE ratio has increased by 4.4% from the past four quarters average of 43.8.
MMYT PE ratio history
The PE ratio of MakeMyTrip has averaged 85.14 over the last two years. The current price-to-earnings ratio of 45.73 is 46% less 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 decrease: -33.39% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| 2010 | N/A | N/A | N/A | -$0.35 |
MakeMyTrip PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 52.47 | 19.69% | $112.28 | $2.14 |
| Sep 2024 | 43.84 | 3.23% | $92.95 | $2.12 |
| Jun 2024 | 42.47 | 16.55% | $84.1 | $1.98 |
| 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 |
| Jun 2021 | N/A | N/A | $30.05 | -$0.42 |
MMYT average PE ratio chart
Currently, MMYT's PE ratio is lower than the 3, 5 and 10-year averages.
MMYT PE vs peers
When compared to its peer TRIP, MMYT's PE ratio is lower, but it is higher than EXPE's and LQDT's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EXPE Expedia Group Inc | 20.96 | $25.36B |
| LQDT Liquidity Services Inc | 43.43 | $1.06B |
| MMYT MakeMyTrip Ltd | 45.73 | $11.06B |
| TRIP TripAdvisor Inc | 377.75 | $2.12B |
| CHGG Chegg Inc | N/A | $149.16M |
Frequently asked questions
What is MakeMyTrip's PE ratio?
The price to earnings ratio for MMYT stock as of Feb 21, 2025, stands at 45.73.
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 85.14.
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 85.14.
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 46% below its 2-year historical average.
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 (Feb 21, 2025), MakeMyTrip's stock price is $97.87. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $2.14. Therefore, MakeMyTrip's price to earnings ratio for today is 45.73. PE RATIO(45.73) = STOCK PRICE($97.87) / TTM EPS($2.14)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.