MakeMyTrip Limited (MMYT) is a publicly traded company in the Consumer Cyclical — Travel Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
MakeMyTrip Limited operates as a prominent online travel platform, offering a wide array of travel products and solutions across an extensive global footprint, including India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. Its operations are strategically divided into three key segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
Is MakeMyTrip Limited stock overvalued or undervalued in 2026?
As of October 2, 2026, MakeMyTrip Limited (MMYT) trades at 127× earnings (P/E), against a median of 18.1× across the 203 consumer cyclicals companies above $2bn in Kaplio's universe. Kaplio's verdict: expensive. At its sector median (18.1×) $6 (-86 %).
Kaplio overview: MakeMyTrip Limited
Market cap $4B · 52 weeks $36 – $95 (53 % below the high) · P/E 127× · 2027 expected P/E 86.2× · Dividend none · Next earnings October 27, 2026 · expected EPS $0.07 · Price as of Oct 2 · accounts published Aug 3.
- Valuation: P/E 127.4× (expensive).
- Business: 5-year ROIC 3.6 % (weak).
- Balance sheet: Net debt/EBITDA 4.7× (fragile).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At its sector median (18.1×) $6 (-86 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in consumer cyclicals: 3 of 7 pass
- 5y avg operating margin 5.9 %, fails.
- 5y avg ROIC 3.6 %, fails.
- Net debt / EBITDA 4.7×, fails.
- Altman Z-Score 0.4, fails.
- Inventory turnover 752.5×, passes.
- Current Ratio 3.13, passes.
- EV/Sales vs history 4.6×, passes.
- Inverse P/E in cyclicals 127.4×, info.
Against its peers (reference peers) — MakeMyTrip Limited: P/E 127×; EV/EBITDA 26.0×; ROIC 6.7 %; $4.2B. AutoNation, Inc. (P/E 7.4×; EV/EBITDA 11.4×; ROIC 7.4 %; $5.3B), LKQ Corporation (P/E 12.7×; EV/EBITDA 8.5×; ROIC 5.6 %; $5.8B), Birkenstock Holding plc (P/E 16.1×; EV/EBITDA 9.8×; ROIC 8.1 %; $6.1B).
Profitability
| Return on Equity | -14.56% |
| Return on Invested Capital | 6.72% |
| Return on Assets | 1.92% |
| Gross Margin | 69.23% |
| Operating Margin | 15.00% |
| Net Margin | 3.23% |
Financial Health
| Debt / Equity | -5.00 |
| Current Ratio | 3.13 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.40 |
Price Performance
| 1 month | -19.09% |
| 3 months | -21.01% |
| Year-to-date | -45.20% |
| 1 year | -52.67% |
| 3 years | +11.88% |
| 5 years | +52.34% |
Related companies: AN · BIRK · BROS · LAD · LEVI · LKQ · MOD
Explore sector: Consumer Cyclical · Travel Services
More sections of MMYT: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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