Booking Holdings Inc. (BKNG)

DCF Valuation · Consumer Cyclical · Travel Services

Valuation as at 2026-08-14 · see also the S&P 500 Most Undervalued screen

About Booking Holdings Inc.

Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates Booking.com, which offers online accommodation reservations; and Priceline, which provides discount travel reservations services, as well as online accommodation, flight, rental car reservation services, vacation packages, cruises, activity, and affiliate programs. It also operates Agoda that offers online accommodation reservation, flight, ground transportation, and attractions.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Booking Holdings Inc. BKNG

Consumer Cyclical · Travel Services

Price
$213.34
Market Cap
$160.30B
Free Cash Flow
$7.73B
Beta
1.07
P/E (TTM)
23.6x
52-Week Range
$150.14–$231.80

Booking Holdings Inc.'s price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

$213.34 +36% vs 2024-08
S&P 500 $156.37$189.50$231.57$196.59$168.36$213.34 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

$2.53 +532% vs Q1 '25
$0.40$1.10$3.38$1.36$2.53Q1 '25Q2 '25Q3 '25Q1 '26Q2 '26

Free cash flow Per quarter

$3.64B +16% vs Q2 '25
$3.14B$1.37B$1.42B$3.11B$3.64BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share Per quarter

$0.42 +9% vs Q2 '25
$0.38$0.38$0.43$0.42Q2 '25Q3 '25Q1 '26Q2 '26

Value investing scale · Buffett · Dalio · Graham

Partial Fit
8 / 20 combined score

6 criteria had no data

See the full Buffett, Dalio & Graham breakdown for BKNG →

Intrinsic value estimate · 5-year forecast

BEAR
$169.87
vs current $213.34
-20.4% ❌ Overvalued
BASE
$317.82
vs current $213.34
+49.0% ✅ Undervalued
BULL
$449.25
vs current $213.34
+110.6% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$7.73B
Reported free cash flow (Yahoo)
Risk-free rate
4.68% ● LIVE
Live 10-yr govt bond
Beta
1.07
Direct from Yahoo
Equity risk premium
5.50%
Market-specific seed
Cost of debt
5.98%
Synthetic rating A-, ICR 5.7x
Tax rate
25.00%
Estimated default
Capital structure
E 88% / D 12%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth12.5%25.0%30.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)10.86%9.86%8.86%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.68% + 1.07 × 5.50% = 10.56% · WACC = weighted by 88%/12% capital structure

These numbers come from running Booking Holdings Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or BKNG's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with BKNG →

More S&P 500 stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the S&P 500 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Booking Holdings Inc. (BKNG) undervalued?

The Base-case DCF estimates intrinsic value at $317.82 vs a price of $213.34 on 2026-08-14 — a +49.0% margin, so the Base case reads undervalued. This is a mechanical output, not advice.