Expedia Group, Inc. (EXPE)

Transportation Services

Latest Price

$294.74

TTM P/E

26.04

Normalized P/E

45.78

Div Yield

0.57%

Book Value

4.73

P/B Ratio

62.34

Valuation metrics

EPS: $9.81

Book value / share: $10.98

Formula: √(22.5 × EPS × BVPS)

Graham Number

$49.22

83% downside

Norm. op. income: $1.0B (median of 7yr)

Tax rate: 26%

Discount rate: 10%

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

Earnings Power Value

$61.52

79% downside

Base FCF: $2.8B (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$489.97

+66% upside

EPS: $9.81

Target P/E: 46×

Formula: EPS × P/E

P/E Fair Value

$451.26

+53% upside

93.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	10.50M	$2.42B	9.17%	+661.8K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	7.60M	$1.75B	6.64%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	5.91M	$1.36B	5.17%	--	2026-03-31
STATE STREET CORP	5.59M	$1.29B	4.89%	-44.9K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	4.02M	$935.0M	3.51%	+702.9K	2026-03-31
WINDACRE PARTNERSHIP LLC	3.43M	$792.0M	3.00%	+1.08M	2026-03-31
AQR CAPITAL MANAGEMENT LLC	2.55M	$588.0M	2.23%	-819.6K	2026-03-31
ALKEON CAPITAL MANAGEMENT LLC	2.48M	$571.0M	2.16%	--	2026-03-31
Invesco Ltd.	2.46M	$568.0M	2.15%	-466.7K	2026-03-31
MORGAN STANLEY	2.01M	$464.0M	1.76%	-150.8K	2026-03-31