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STOCK COMPARISON

Booking Holdings vs Flight Centre Travel Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Booking Holdings (BKNG) and Flight Centre Travel Group (FLT) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Booking Holdings trades at $156 versus a fair value of $187 (+20%), while Flight Centre Travel Group trades at A$10.51 versus A$9.45 (-10%).
Booking Holdings
BKNG · USD · Consumer Discretionary
+20%
upside to fair value
undervalued
Price$156
Fair Value$187
Quality87/100
Flight Centre Travel Group
FLT.AU · AUD · Consumer Discretionary
-10%
upside to fair value
overvalued
PriceA$10.51
Fair ValueA$9.45
Quality47/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Booking HoldingsFlight Centre Travel Group
Valuation
20.5×P/E (TTM)21.0×
5.12×P/S (TTM)0.58×
Negative equityP/B1.35×
13.6×EV/EBITDA4.8×
0.75×PEG1.18×
+20.0%Fair value upside−10.1%
1.0%Dividend yield3.9%
$1.58Dividend per shareA$0.41
Profitability
25%Operating margin7%
Negative equityReturn on equity9%
22%Return on assets3%
Growth
16%Revenue growth (YoY)6%
16.3%Avg. growth/yr (3Y)40.3%
31.7%Avg. growth/yr (5Y)8.0%
+44.4%Value creation/yr−23.0%
Balance & size
5.7×Interest coverage (EBIT/interest)3.4×
Negative equityDebt / equity0.34×
$142BMarket cap$2B
healthyGrowth qualitymixed

Booking Holdings leads: 9 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Booking Holdingsof which business quality 84 · market factors 30 Flight Centre Travel Groupof which business quality 47 · market factors 41
ProfitabilityMargins and returns on capital today
87
49
Quality GrowthAre margins and returns improving?
43
42
CashflowEarnings quality: real cash, not paper profit
96
25
Fin. StrengthBalance sheet, leverage, solvency risk
83
41
InvestmentDisciplined investing over empire-building
92
66
Low VolatilityCalm price path (market factor)
53
70
MomentumPrice trend over the last 3–12 months (market factor)
30
36
52W MomentumDistance to the 52-week high (market factor)
3
16
Net IssuanceShare count: buybacks or dilution?
100
72

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyBooking HoldingsPrice $156Flight Centre Travel GroupPrice A$10.51
DCF Models+76%above the price$274+36%above the priceA$14.31
Earnings-Based-16%below the price$132-40%below the priceA$6.29
Dividend Discount-82%below the price$28.34-43%below the priceA$5.97
Multiples-2%close to the price$153+32%above the priceA$13.89
Asset-Basedn/a-62%below the priceA$3.98
Growth DCF+68%above the price$262+7%close to the priceA$11.24
Economic Profit-27%below the price$113-37%below the priceA$6.62
Growth Earnings+20%above the price$187-10%close to the priceA$9.45
Minimum-82%below the price$28.34-62%below the priceA$3.98
Maximum+76%above the price$274+36%above the priceA$14.31
Median-2%close to the price$153-24%below the priceA$8.04
Geometric mean-13%close to the price$136-22%below the priceA$8.22

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Booking Holdings: 11 of 23 models see the stock below the current price.

Flight Centre Travel Group: 13 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Booking Holdings
Price $156
Fair Value $187
Bear $131Bull $243
Flight Centre Travel Group
Price A$10.51
Fair Value A$9.45
Bear A$6.62Bull A$12.29

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Booking Holdings · Consumer Discretionary

Quality score87 · Top 25%
Fair value upside+20% · above median

Flight Centre Travel Group · Consumer Discretionary

Quality score47 · below median
Fair value upside-10% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Booking Holdings trades at $156 versus a fair value of $187 (+20%), while Flight Centre Travel Group trades at A$10.51 versus A$9.45 (-10%).

Booking Holdings has the higher quality score (87/100).

Open Booking Holdings live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.