MakeMyTrip Limited (MMYT) P/E Ratio History
UndervaluedTrading at 124.9x vs 5Y avg 168.7x · 53th percentile · Below historical baseline · Data 2011–2026
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P/E Ratio Analysis
As of July 8, 2026, MakeMyTrip Limited (MMYT) trades at a price-to-earnings ratio of 124.9x, with a stock price of $58.70 and trailing twelve-month earnings per share of $0.50.
The current P/E is 26% below its 5-year average of 168.7x. Over the past five years, MMYT's P/E has ranged from a low of 42.5x to a high of 964.1x, placing the current valuation at the 53th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, MMYT trades at a 489% premium to its sector peers. The sector includes 309 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, MMYT commands a significant premium over the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MMYT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MMYT Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MMYT P/E vs Peers
Online Travel Agencies and Lodging peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $141B | 27.5 | 0.17Best | -4% | |
| $32B | 27.5 | - | +10% | |
| $26B | 6.0 | - | +87% | |
| $2B | 44.3 | - | +799%Best | |
| $88B | 36.9 | - | -2% | |
| $125M | 27.9 | - | -61% | |
| $802M | 1.5Lowest | - | +284% | |
| $42B | 12.6 | - | +8% | |
| $58B | 11.6 | - | +44% | |
| $100B | 40.1 | - | +14% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MMYT Historical P/E Data (2011–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $37.29 | $0.47 | 80.1x | -53% |
| FY2026 Q3 | Dec 31 2025 | $82.12 | $0.49 | 169.1x | +0% |
| FY2026 Q2 | - | $93.60 | $0.64 | 145.6x | -14% |
| FY2026 Q1 | Jun 30 2025 | $98.02 | $0.86 | 114.0x | -32% |
| FY2025 Q4 | Mar 31 2025 | $97.99 | $0.83 | 118.1x | -30% |
| FY2025 Q3 | - | $112.28 | $1.84 | 61.0x | -64% |
| FY2025 Q2 | Sep 30 2024 | $92.95 | $1.83 | 50.8x | -70% |
| FY2025 Q1 | Jun 30 2024 | $84.10 | $1.69 | 49.8x | -71% |
| FY2024 Q4 | Mar 31 2024 | $71.05 | $1.67 | 42.5x | -75% |
| FY2024 Q3 | Dec 31 2023 | $46.98 | $0.46 | 102.1x | -39% |
| FY2024 Q2 | Sep 30 2023 | $40.52 | $0.24 | 168.1x | -0% |
| FY2024 Q1 | Jun 30 2023 | $26.98 | $0.16 | 169.5x | +0% |
| FY2013 Q2 | Sep 30 2012 | $17.03 | $0.12 | 144.3x | -14% |
| FY2013 Q1 | Jun 30 2012 | $16.43 | $0.15 | 108.0x | -36% |
| FY2012 Q4 | Mar 31 2012 | $22.97 | $0.19 | 118.4x | -30% |
| FY2012 Q3 | Dec 31 2011 | $24.04 | $0.12 | 193.9x | +15% |
| FY2012 Q2 | Sep 30 2011 | $22.08 | $0.16 | 135.5x | -20% |
| FY2012 Q1 | - | $24.50 | $0.09 | 270.4x | +60% |
| FY2011 Q4 | - | $29.31 | $0.03 | 964.1x | +472% |
Average P/E for displayed period: 168.7x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MMYT — Frequently Asked Questions
Quick answers to the most common questions about buying MMYT stock.
What is MMYT's P/E ratio?
MakeMyTrip Limited (MMYT) trailing twelve-month P/E ratio is 124.9x, based on TTM diluted EPS of $0.50. The 5-year average P/E is 168.7x and the historical range spans 42.5x to 964.1x.
Is MMYT stock overvalued or undervalued?
MMYT trades at 124.9x P/E, below its 5-year average of 168.7x. At the 53th percentile of its historical range (42.5x–964.1x), the stock is priced at a discount to its own history.
Is MMYT stock expensive?
No, MMYT is not expensive on a historical basis. The current P/E of 124.9x is below the 5-year average of 168.7x and sits at the 53th percentile of its valuation range.
What is MMYT's historical P/E range?
Over the past 5 years, MMYT's P/E ratio has ranged from 42.5x to 964.1x, with a median of 118.4x and an average of 168.7x. The current P/E of 124.9x places the stock at the 53th percentile of this range. Full historical data spans 2011–2026.
How does MMYT's P/E compare to the S&P 500?
MMYT trades at 124.9x P/E versus the S&P 500 median of 25.9x. The 382% premium to the market typically reflects higher expected earnings growth or quality.
How does MMYT's valuation compare to Consumer Cyclical peers?
MakeMyTrip Limited P/E of 124.9x compares to the Consumer Cyclical sector median of 21.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MMYT's PEG ratio?
MMYT PEG ratio is N/A, based on a P/E of 124.9x and EPS growth of -43.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MMYT's earnings yield?
MMYT earnings yield is 0.80%, the inverse of its 124.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.