MMYT

MakeMyTrip Limited

Consumer Cyclical · $4.6B market cap

Verdict

Share price

$44.62

close of Oct 3, 2026

Fair value

$16.93

Sticker Price

Payback Price

$6.77

buy price

Overpriced

MMYT is Overpriced: at $44.62 it trades 163% above its fair value of $16.93. Its buy price (Payback Price) is $6.77, 85% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth19.8% a year✓
Equity per share growth9.9% a year✗
Sales growth12.9% a year✓
Free cash flow growth24.3% a year✓
Return on invested capital6.2%✗

Follow MMYT

Get notified when it reaches its buy price of $6.77. Free.

Create a free account

Superinvestors

2 of the investors we track hold MMYT. In Q2 2026, 1 opened a position. Who we track

Moves in Q2 2026

New position: Howard Marks

Insider activity

Since Jul 1, 2026: no open-market purchases and 7 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About MakeMyTrip Limited

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. The…

Travel Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works