Booking Holdings Inc. (BKNG)

Transportation Services

Latest Price

$162.91

TTM P/E

1.23

Normalized P/E

1.40

Div Yield

Book Value

28.55

P/B Ratio

5.71

Valuation metrics

Norm. op. income: $5.3B (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$1,251.83

+668% upside

Base FCF: $7.0B (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$7,154.31

+4292% upside

EPS: $165.57

Target P/E: 1×

Formula: EPS × P/E

P/E Fair Value

$165.57

+2% upside

92.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	65.34M	$11.65B	8.39%	+62.69M	2026-06-30
Vanguard Capital Management LLC	50.61M	$9.02B	6.50%	+48.53M	2026-06-30
State Street Corp	35.04M	$6.25B	4.50%	+33.62M	2026-06-30
Price T Rowe Associates Inc	26.63M	$4.75B	3.42%	+25.47M	2026-06-30
Invesco Ltd.	25.74M	$4.59B	3.30%	+25.38M	2026-06-30
Dodge & Cox	25.54M	$4.55B	3.28%	+24.54M	2026-06-30
Geode Capital Management, LLC	21.92M	$3.92B	2.81%	+21.03M	2026-06-30
Capital World Investors	20.61M	$3.67B	2.65%	+19.84M	2026-06-30
JPMorgan Chase & Co	18.84M	$3.44B	2.42%	+17.72M	2026-06-30
Vanguard Portfolio Management LLC	14.46M	$2.58B	1.86%	+13.87M	2026-06-30