Trip.com Group Ltd (TCOM)

Services-Business Services, NEC

Latest Price

$39.25

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $723M (median of 7yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$98.19

+150% upside

Base FCF: $1.9B (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$115.29

+194% upside

23.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital World Investors	36.25M	$1.44B	5.58%	+132.6K	2026-06-30
MORGAN STANLEY	12.88M	$512.0M	1.98%	-231.7K	2026-06-30
Sanders Capital, LLC	10.56M	$420.0M	1.63%	-80.2K	2026-06-30
Davis Selected Advisers	8.76M	$349.0M	1.35%	+2.21M	2026-06-30
ARGA Investment Management, LP	6.53M	$260.0M	1.00%	+3.67M	2026-06-30
Capital International Investors	6.08M	$242.0M	0.94%	+5.70M	2026-06-30
JPMORGAN CHASE & CO	3.57M	$142.0M	0.55%	-692.7K	2026-06-30
UBS Group AG	2.82M	$112.0M	0.43%	+1.35M	2026-06-30
Robeco Institutional Asset Management B.V.	2.76M	$110.0M	0.43%	+150.3K	2026-06-30
Legal & General Group Plc	2.62M	$104.0M	0.40%	-17.0K	2026-06-30