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STOCK COMPARISON

Booking Holdings vs PT Arsy Buana Travelindo Tbk: Fair Value & Quality

Both stocks run through our valuation models. Here is how Booking Holdings (BKNG) and PT Arsy Buana Travelindo Tbk (HAJJ) compare, as of Sep 25, 2026.

As of Sep 25, 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 PT Arsy Buana Travelindo Tbk trades at IDR 107 versus IDR 84 (-22%).
Booking Holdings
BKNG · USD · Consumer Discretionary
+20%
upside to fair value
undervalued
Price$156
Fair Value$187
Quality87/100
PT Arsy Buana Travelindo Tbk
HAJJ.JK · IDR · Consumer Discretionary
-22%
upside to fair value
overvalued
PriceIDR 107
Fair ValueIDR 84
Quality36/100
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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 HoldingsPT Arsy Buana Travelindo Tbk
Valuation
20.5×P/E (TTM)n/a
21.7×P/E ex one-offs (FY2025)n/a
5.12×P/S (TTM)n/a
Negative equityP/Bn/a
13.6×EV/EBITDA0.7×
0.75×PEGn/a
+20.0%Fair value upside−21.8%
1.0%Dividend yieldn/a
$1.58Dividend per sharen/a
Profitability
25%Operating margin18%
n/aEBIT margin trend (5Y)2.71×
Negative equityReturn on equity1%
22%Return on assets7%
Growth
16%Revenue growth (YoY)-12%
16.3%Avg. growth/yr (3Y)43.7%
31.7%Avg. growth/yr (5Y)n/a
+44.4%Value creation/yr+12.1%
Balance & size
5.7×Interest coverage (EBIT/interest)169.2×
Negative equityDebt / equity0.46×
$142BMarket cap$15M
healthyGrowth qualityexpensive
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.

Booking Holdings leads: 5 to 3 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 PT Arsy Buana Travelindo Tbkof which business quality 37 · market factors 37
ProfitabilityMargins and returns on capital today
87
38
Quality GrowthAre margins and returns improving?
43
77
CashflowEarnings quality: real cash, not paper profit
96
5
Fin. StrengthBalance sheet, leverage, solvency risk
83
68
InvestmentDisciplined investing over empire-building
92
33
Low VolatilityCalm price path (market factor)
53
66
MomentumPrice trend over the last 3–12 months (market factor)
30
29
52W MomentumDistance to the 52-week high (market factor)
3
17
Net IssuanceShare count: buybacks or dilution?
100
1

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 $156PT Arsy Buana Travelindo TbkPrice IDR 107
DCF Models+76%above the price$274n/a
Earnings-Based-16%below the price$132-19%below the priceIDR 87
Dividend Discount-82%below the price$28.34n/a
Multiples-2%close to the price$153-50%below the priceIDR 54
Asset-Basedn/a-50%below the priceIDR 53
Growth DCF+68%above the price$262n/a
Economic Profit-27%below the price$113-7%close to the priceIDR 100
Growth Earnings+20%above the price$187-19%below the priceIDR 87
Minimum-82%below the price$28.34-50%below the priceIDR 53
Maximum+76%above the price$274-7%close to the priceIDR 100
Median-2%close to the price$153-19%below the priceIDR 87
Geometric mean-13%close to the price$136-31%below the priceIDR 74

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.

PT Arsy Buana Travelindo Tbk: 9 of 13 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
PT Arsy Buana Travelindo Tbk
Price IDR 107
Fair Value IDR 84
Bear IDR 61Bull IDR 104

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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

PT Arsy Buana Travelindo Tbk · Consumer Discretionary

Quality score36 · bottom 25%
Fair value upside-22% · below median

Bottom line

As of Sep 25, 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 PT Arsy Buana Travelindo Tbk trades at IDR 107 versus IDR 84 (-22%).

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

Open Booking Holdings live analysis →
Booking Holdings · PT Arsy Buana Travelindo Tbk

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