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STOCK COMPARISON

Booking Holdings vs Le Travenues Technology: Fair Value & Quality

Both stocks run through our valuation models. Here is how Booking Holdings (BKNG) and Le Travenues Technology (IXIGO) compare, as of Oct 1, 2026.

As of Oct 1, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Booking Holdings trades at $163 versus a fair value of $193 (+18.5%), while Le Travenues Technology trades at ₹163 versus ₹106 (−34.9%).
Booking Holdings
BKNG · USD · Consumer Discretionary
+18.5%
upside to fair value
undervalued
Price$163
Fair Value$193
Quality88/100
Le Travenues Technology
IXIGO.NSE · INR · Consumer Discretionary
−34.9%
upside to fair value
overvalued
Price₹163
Fair Value₹106
Quality48/100
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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 HoldingsLe Travenues Technology
Valuation
17.9×P/E (TTM)95.3×
22.7×P/E ex one-offs (FY2025)n/a
13.2×Forward P/E (FY2027)n/a
4.44×P/S (TTM)7.75×
Negative equityP/B4.65×
12.0×EV/EBITDAn/a
0.61×PEGn/a
+18.5%Fair value upside−34.9%
1.0%Dividend yieldn/a
$1.61Dividend per sharen/a
Profitability
34.4%Operating margin6.6%
Negative equityReturn on equity5.3%
20.4%Return on assets2.1%
Growth
8.1%Revenue growth (YoY)8.4%
16.3%Avg. growth/yr (3Y)34.8%
31.7%Avg. growth/yr (5Y)n/a
+44.4%Value creation/yr+9.4%
Balance & size
5.7×Interest coverage (EBIT/interest)21.2×
Negative equityDebt / equityn/a
$125BMarket cap$994M
healthyGrowth qualityhealthy
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.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Booking Holdings leads: 6 to 2 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 33 Le Travenues Technologyof which business quality 54 · market factors 26
ProfitabilityMargins and returns on capital today
87
38
Quality GrowthAre margins and returns improving?
43
40
CashflowEarnings quality: real cash, not paper profit
96
79
Fin. StrengthBalance sheet, leverage, solvency risk
83
89
InvestmentDisciplined investing over empire-building
92
33
Low VolatilityCalm price path (market factor)
53
57
MomentumPrice trend over the last 3–12 months (market factor)
32
18
52W MomentumDistance to the 52-week high (market factor)
10
3
Net IssuanceShare count: buybacks or dilution?
100
20

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 $163Le Travenues TechnologyPrice ₹163
DCF Models+73.5%above the price$283−56.3%below the price₹71.16
Earnings-Based−16.7%below the price$136−65.0%below the price₹57.08
Dividend Discount−82.1%below the price$29.23n/a
Multiples−2.9%close to the price$158−82.8%below the price₹27.95
Asset-Basedn/a−80.8%below the price₹31.26
Growth DCF+66.1%above the price$271−54.2%below the price₹74.60
Economic Profit−28.4%below the price$117−85.2%below the price₹24.09
Growth Earnings+18.5%above the price$193−53.4%below the price₹75.88
Minimum−82.1%below the price$29.23−85.2%below the price₹24.09
Maximum+73.5%above the price$283−53.4%below the price₹75.88
Median−2.9%close to the price$158−65.0%below the price₹57.08
Geometric mean−13.8%close to the price$140−71.3%below the price₹46.69

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: 12 of 23 models see the stock below the current price.

Le Travenues Technology: 24 of 24 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 $163
Fair Value $193
Bear $135Bull $251
Le Travenues Technology
Price ₹163
Fair Value ₹106
Bear ₹68.19Bull ₹163

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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 score88 · Top 25%
Fair value upside+18.5% · above median

Le Travenues Technology · Consumer Discretionary

Quality score48 · below median
Fair value upside−34.9% · below median

Bottom line

As of Oct 1, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Booking Holdings trades at $163 versus a fair value of $193 (+18.5%), while Le Travenues Technology trades at ₹163 versus ₹106 (−34.9%).

Booking Holdings has the higher quality score (88/100).

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.