MMYT
MakeMyTrip
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NASDAQ: MMYT
- PE Ratio
As of Jul 31, 2026, the MakeMyTrip stock's price-to-earnings ratio is 111.67. This results from the current EPS of $0.51 and stock price of $56.95. The PE ratio has decreased by 10% from the past four quarters average of 123.5.
MMYT PE ratio history
The PE ratio of MakeMyTrip has averaged 100.55 over the last four years. The current price-to-earnings ratio of 111.67 is 11% more than the historical average. In the past four years, MMYT's PE ratio reached its highest point in the Dec 2025 quarter at 167.59, when the stock price was $82.12 and the EPS was $0.49. 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: -37.32% in 2026
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 73.12 | -37.32% | $37.29 | $0.51 |
| 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 |
MakeMyTrip PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 73.12 | -56.37% | $37.29 | $0.51 |
| Dec 2025 | 167.59 | 18.17% | $82.12 | $0.49 |
| Sep 2025 | 141.82 | 27.32% | $93.6 | $0.66 |
| Jun 2025 | 111.39 | -4.51% | $98.02 | $0.88 |
| Mar 2025 | 116.65 | 122.32% | $97.99 | $0.84 |
| 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 |
MMYT Price vs fair value
MMYT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, MMYT's PE ratio is above the 3, 5 and 10-year averages.
PE comparison
MakeMyTrip's P/E of 111.67 is above the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 20.94, MakeMyTrip's P/E is 433% higher.
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 | 24.54 | $35.38B |
| LQDT Liquidity Services Inc | 40.19 | $1.22B |
| TRIP TripAdvisor Inc | 78.69 | $1.65B |
| MMYT MakeMyTrip Ltd | 111.67 | $5.45B |
| CHGG Chegg Inc | N/A | $110.06M |
Frequently asked questions
What is MakeMyTrip's PE ratio?
The price to earnings ratio for MMYT stock as of Jul 31, 2026, stands at 111.67.
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 95.26.
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 100.55.
What is the highest PE ratio for MMYT?
The highest quarterly PE ratio in the last four years has been 167.59 and it was in the Dec 2025 quarter.
How does the current PE ratio for MMYT compare to its historical average?
MMYT's price to earnings ratio is currently 11% above its 4-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 (Jul 31, 2026), MakeMyTrip's stock price is $56.95. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.51. Therefore, MakeMyTrip's price to earnings ratio for today is 111.67. PE RATIO(111.67) = STOCK PRICE($56.95) / TTM EPS($0.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.