# Booking Holdings Inc. (BKNG) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $193.29, market value $145.2 billion.

## Valuation
- **P/E (trailing): 21.5×** (5-yr avg 39.9×, 3-yr avg 30.1×). Booking Holdings Inc. trades at 21.5× trailing earnings, well below its own five-year average of 39.9×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 15.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.1×**. Each dollar of revenue is priced at 5.1×.
- **EV / EBITDA: 14.9×**. Enterprise value is 14.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.6%** (5-yr avg 5.2%). Free cash flow equals 6.6% of the market value, above its five-year average of 5.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.7%**. The inverse of the P/E: 4.7% of the price is earned each year.

## Profitability
- **Operating margin: 32.9%**. 32.9% of revenue is left after running the business, an exceptional level.
- **Return on invested capital: -178.1%**. Return on all capital, debt included, is -178.1%: close to or below the cost of capital, so growth may not create value.

## Growth
- **Revenue growth (1 yr): 13.4%** (3-yr 16.3%/yr, 5-yr 31.7%/yr). Revenue grew 13.4% over the last year, against 31.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -4.1%** (3-yr 29.4%/yr, 5-yr 158.3%/yr). Earnings per share fell 4.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 13.7%/yr**. Free cash flow has compounded at 13.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.4×**. Operating profit covers interest 8.4× over, a safe margin.
- **Altman Z-score: 4.15**. A Z-score of 4.15 places the company in the safe zone for bankruptcy risk.

## Dividends
- **Dividend yield: 0.87%** ($1.61 per share, trailing). Booking Holdings Inc. yields 0.87%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 2**. 2 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (36 analysts). 36 analysts cover Booking Holdings Inc.; the consensus is buy, with an average price target of $238.50 (+23% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -12.8%** (YTD -9.3%, 3-mo 16.6%). The shares are down 12.8% over twelve months including dividends.
- **From 52-week high: -14.1%** (28.7% above the low). Trading 14% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.82** (volatility 37%). Beta of 0.82 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BKNG · Page: https://foliofundamentals.com/stocks/bkng

Not investment advice.