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MakeMyTrip Limited MMYT NASDAQ

NASDAQ Global Select • Consumer Cyclical • Travel Services • IN • USD

SharesGrow Score
70/100
4/7 Pass
SharesGrow Intrinsic Value
$42.78
-4.1%
Analyst Price Target
$91.00
+103.9%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

MakeMyTrip Limited (MMYT) trades at a trailing P/E of 71.3, forward P/E of 60.7. Trailing earnings yield is 1.40%, forward earnings yield 1.65%. PEG 1.14.

Criteria proven by this page:

  • VALUE (70/100, Pass) — analyst target implies upside (+103.9%).
  • Forward P/E 60.7 (down from trailing 71.3) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 1.14 — between 1.0–2.0 indicates moderate valuation relative to growth.
  • Trailing Earnings Yield 1.40% — below bond yields — investors are paying a premium for expected growth rather than current earnings. Forward yield improves to 1.65% as earnings recover.
  • Analyst consensus target $91.00 (+103.9% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 70/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
70/100
SG Score
View full scorecard →
VALUE
70/100
Price-to-Earnings & upside
Proven by this page
FUTURE
85/100
Analyst consensus
→ Forecast
~
PAST
50/100
→ Income
HEALTH
83/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
55/100
→ Income
GROWTH
100/100
→ Income
~
INCOME
45/100
→ Income

Valuation Snapshot — MMYT

Valuation Multiples
P/E (TTM)71.3
Forward P/E60.7
PEG Ratio1.14
Forward PEG1.14
P/B Ratio-14.28
P/S Ratio3.79
EV/EBITDA27.6
Per Share Data
EPS (TTM)$0.58
Forward EPS (Est.)$0.73
Book Value / Share$-2.86
Revenue / Share$10.64
FCF / Share$2.29
Yields & Fair Value
Earnings Yield1.40%
Forward Earnings Yield1.65%
Dividend Yield0.00%
SharesGrow IV$42.78 (-4.1%)
Analyst Target$91.00 (+103.9%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -8.5 -0.02 9.72 2.25 -
2017 -16.5 11.68 1.30 4.07 -
2018 -14.9 -3.45 2.08 4.81 -
2019 -17.1 0.65 2.11 5.90 -
2020 -2.8 -0.02 1.46 2.46 -
2021 -60.6 0.69 3.80 20.64 -
2022 -63.9 3.32 3.24 9.54 -
2023 -237.0 3.11 3.09 4.52 -
2024 36.6 -0.02 7.14 10.14 -
2025 116.0 -2.04 9.17 11.28 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-2.12 $336.05M $-88.52M -26.3%
2017 $-2.09 $447.62M $-110.17M -24.6%
2018 $-2.18 $675.26M $-218.41M -32.3%
2019 $-1.61 $486.01M $-167.76M -34.5%
2020 $-4.25 $511.53M $-447.52M -87.5%
2021 $-0.52 $163.44M $-56.04M -34.3%
2022 $-0.42 $303.92M $-45.57M -15%
2023 $-0.10 $593.04M $-11.17M -1.9%
2024 $1.83 $782.52M $216.8M 27.7%
2025 $0.83 $978.34M $95.1M 9.7%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $0.71 $0.66 – $0.75 $1.13B $1.08B – $1.17B 4
2027 $1.02 $0.78 – $1.26 $1.33B $1.27B – $1.37B 4
2028 $1.73 $1.63 – $1.81 $1.61B $1.54B – $1.66B 3
2029 $0.00 $0.00 – $0.00 $1.99B $1.91B – $2.06B 2
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