TCOM

Trip.com Group Limited

Consumer Cyclical · $26.4B market cap

Verdict

Share price

$38.09

close of Oct 3, 2026

Fair value

$96.07

Sticker Price

Payback Price

$38.43

buy price

On Sale

TCOM is On Sale: at $38.09 it trades less than 1% below its buy price (Payback Price) of $38.43 and 60% below its fair value of $96.07. Business quality is strong: 4 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

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

Earnings per share growth44.5% a year✓
Equity per share growth16.5% a year✓
Sales growth17.3% a year✓
Free cash flow growth19.0% a year✓
Return on invested capital6.1%✗

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Superinvestors

2 of the investors we track hold TCOM. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: William Von Mueffling

Sold out: Howard Marks

About Trip.com Group Limited

Trip.com Group Limited stands as a leading global travel service provider, operating extensively both within China and across international markets. Through its various subsidiaries, the company offers a comprehensive spectrum of travel-related solutions. As a booking intermediary, it facilitates hotel accommodations and air ticket purchases, complementing these with access to train, long-distance bus, and ferry…

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