Company Valuation: Expedia Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,384 13,674 21,076 23,915 34,715 35,771 - -
Change - -50.07% 54.14% 13.47% 45.16% 3.04% - -
Enterprise Value (EV) 1 31,523 14,015 21,668 25,698 35,143 33,769 32,338 30,708
Change - -55.54% 54.61% 18.6% 36.75% -3.91% -4.24% -5.04%
P/E -100x 40.4x 28.6x 20.8x 28.9x 16.2x 14.1x 12.1x
PBR 13.7x 5.88x 14.9x 15.4x 27x 17.4x 12.1x 7.78x
PEG - -0x 0x 0.3x 3.01x 0.2x 0.9x 0.7x
Capitalization / Revenue 3.18x 1.17x 1.64x 1.75x 2.36x 2.21x 2.06x 1.92x
EV / Revenue 3.67x 1.2x 1.69x 1.88x 2.39x 2.08x 1.86x 1.65x
EV / EBITDA 21.3x 5.97x 8.08x 8.76x 10x 8.18x 7.12x 6.13x
EV / EBIT 169x 12.9x 21x 19.5x 18.8x 11.9x 10.2x 8.82x
EV / FCF 10.3x 5.04x 11.8x 11x 11.3x 9.19x 8.64x 7.86x
FCF Yield 9.75% 19.8% 8.51% 9.06% 8.85% 10.9% 11.6% 12.7%
Dividend per Share 2 - - - - 1.6 1.909 2.161 2.349
Rate of return - - - - 0.56% 0.64% 0.73% 0.79%
EPS 2 -1.8 2.17 5.31 8.95 9.81 18.42 21.19 24.68
Distribution rate - - - - 16.3% 10.4% 10.2% 9.52%
Net sales 1 8,598 11,667 12,839 13,691 14,733 16,201 17,350 18,644
EBITDA 1 1,477 2,349 2,680 2,934 3,501 4,128 4,540 5,009
EBIT 1 186 1,085 1,033 1,319 1,871 2,839 3,169 3,483
Net income 1 -269 352 797 1,234 1,294 2,270 2,522 2,872
Net Debt 1 4,139 341 592 1,783 428 -2,002 -3,432 -5,063
Reference price 2 180.72 87.60 151.79 186.33 283.31 298.04 298.04 298.04
Nbr of stocks (in thousands) 151,528 156,091 138,848 128,346 122,533 120,019 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.41x5.09x13.72x0.87% 145B
16.18x2.08x8.18x0.64% 35.77B
14.71x1.6x6.05x0.86% 25.84B
114.19x4.73x26.59x0% 5.23B
7.84x0.71x2.74x2.76% 3.55B
47.45x4.38x27.73x-.--% 1.91B
11.38x0.79x4.65x4.32% 1.69B
38.3x1.44x7.3x0.36% 1.63B
34.53x0.74x5.07x-.--% 1.09B
Average 33.66x 2.39x 11.34x 1.09% 24.66B
Weighted average by Cap. 20.13x 4.03x 12.02x 0.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Expedia Group, Inc.
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