TCOM EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
TCOM's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
TCOM EV/EBITDA by year
Yearly range of TCOM’s ev/ebitda from 2017 to 2026. Over the full period it ranged from 4.1 to 1,141.4, averaging 114.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.1 | 5.5 | 9.1 | 4.3 |
| 2025 | 8.2 | 12.3 | 16.2 | 8.3 |
| 2024 | 11.5 | 15.4 | 19.0 | 15.2 |
| 2023 | 17.5 | 70.0 | 195.1 | 19.0 |
| 2022 | 201.9 | 597.2 | 1,141.4 | 292.9 |
| 2021 | 90.5 | 283.8 | 463.3 | 283.0 |
| 2020 | 21.3 | 209.9 | 722.5 | 662.8 |
| 2019 | 29.9 | 43.6 | 61.4 | 29.9 |
| 2018 | 34.3 | 51.1 | 62.0 | 40.0 |
| 2017 | 60.0 | 114.8 | 192.4 | 61.3 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is TCOM EV/EBITDA High or Low Right Now?
Trip.com Group Limited's EV/EBITDA is currently 4.3, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for TCOM is approximately 43.0. See all TCOM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.