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MakeMyTrip Valuation Multiples

Discover revenue and EBITDA valuation multiples for MakeMyTrip and similar public comparables like Travel+Leisure, Rightmove, Talabat, TUI and more.

MakeMyTrip Overview

About MakeMyTrip

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.


Founded

2000

HQ

India

Employees

5.1K

Financials (LTM)

Revenue: $1B
EBITDA: $193M

EV

$5B

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MakeMyTrip Financials

MakeMyTrip reported last 12-month revenue of $1B and EBITDA of $193M.

In the same LTM period, MakeMyTrip generated $901M in gross profit, $193M in EBITDA, and $52M in net income.

Revenue (LTM)


MakeMyTrip P&L

In the most recent fiscal year, MakeMyTrip reported revenue of $1B and EBITDA of $165M.

MakeMyTrip expects next 12-month revenue of XXX and NTM EBITDA of XXX

See MakeMyTrip forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$1BXXX$1BXXXXXXXXX
Gross Profit$901MXXX$704MXXXXXXXXX
Gross Margin80%XXX70%XXXXXXXXX
EBITDA$193MXXX$165MXXXXXXXXX
EBITDA Margin17%XXX16%XXXXXXXXX
EBIT Margin18%XXX12%XXXXXXXXX
Net Profit$52MXXX$103MXXXXXXXXX
Net Margin5%XXX10%XXXXXXXXX

Financial data powered by Morningstar, Inc.

MakeMyTrip Stock Performance

MakeMyTrip has current market cap of $5B, and enterprise value of $5B.

Market Cap Evolution


MakeMyTrip's stock price is $49.05.

See MakeMyTrip trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$5B$5B0.0%XXXXXXXXX$1.09

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MakeMyTrip Valuation Multiples

MakeMyTrip trades at 4.7x EV/Revenue multiple, and 27.3x EV/EBITDA.

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EV / Revenue (LTM)


MakeMyTrip Financial Valuation Multiples

As of March 14, 2026, MakeMyTrip has market cap of $5B and EV of $5B.

Equity research analysts estimate MakeMyTrip's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

MakeMyTrip has a P/E ratio of 88.9x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$5BXXX$5BXXXXXXXXX
EV (current)$5BXXX$5BXXXXXXXXX
EV/Revenue4.7xXXX5.2xXXXXXXXXX
EV/EBITDA27.3xXXX31.9xXXXXXXXXX
EV/EBIT26.4xXXX43.3xXXXXXXXXX
EV/Gross Profit5.8xXXX7.5xXXXXXXXXX
P/E88.9xXXX45.1xXXXXXXXXX
EV/FCF20.8xXXX28.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified MakeMyTrip Valuation Multiples

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MakeMyTrip Margins & Growth Rates

MakeMyTrip's revenue in the last 12 month grew by 17%.

MakeMyTrip's revenue per employee in the last FY averaged $0.2M.

MakeMyTrip's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

MakeMyTrip's rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for MakeMyTrip and other 15K+ public comps

MakeMyTrip Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth17%XXX13%XXXXXXXXX
EBITDA Margin17%XXX16%XXXXXXXXX
EBITDA Growth29%XXX18%XXXXXXXXX
Rule of 40—XXX34%XXXXXXXXX
Bessemer Rule of X—XXX60%XXXXXXXXX
Revenue per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue—XXX22%XXXXXXXXX
G&A Expenses to Revenue—XXX17%XXXXXXXXX
Opex to Revenue—XXX58%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

MakeMyTrip Public Comps

See public comps and valuation multiples for other Travel Services and Online Travel comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Travel+LeisureXXXXXXXXXXXXXXXXXX
RightmoveXXXXXXXXXXXXXXXXXX
TalabatXXXXXXXXXXXXXXXXXX
TUIXXXXXXXXXXXXXXXXXX
InchcapeXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

MakeMyTrip M&A Activity

MakeMyTrip acquired XXX companies to date.

Last acquisition by MakeMyTrip was on XXXXXXXX, XXXXX. MakeMyTrip acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by MakeMyTrip

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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MakeMyTrip Investment Activity

MakeMyTrip invested in XXX companies to date.

MakeMyTrip made its latest investment on XXXXXXXX, XXXXX. MakeMyTrip invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by MakeMyTrip

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About MakeMyTrip

When was MakeMyTrip founded?MakeMyTrip was founded in 2000.
Where is MakeMyTrip headquartered?MakeMyTrip is headquartered in India.
How many employees does MakeMyTrip have?As of today, MakeMyTrip has over 5K employees.
Who is the CEO of MakeMyTrip?MakeMyTrip's CEO is Rajesh Magow.
Is MakeMyTrip publicly listed?Yes, MakeMyTrip is a public company listed on Nasdaq.
What is the stock symbol of MakeMyTrip?MakeMyTrip trades under MMYT ticker.
When did MakeMyTrip go public?MakeMyTrip went public in 2010.
Who are competitors of MakeMyTrip?MakeMyTrip main competitors are Travel+Leisure, Rightmove, Talabat, TUI.
What is the current market cap of MakeMyTrip?MakeMyTrip's current market cap is $5B.
What is the current revenue of MakeMyTrip?MakeMyTrip's last 12 months revenue is $1B.
What is the current revenue growth of MakeMyTrip?MakeMyTrip revenue growth (NTM/LTM) is 17%.
What is the current EV/Revenue multiple of MakeMyTrip?Current revenue multiple of MakeMyTrip is 4.7x.
Is MakeMyTrip profitable?Yes, MakeMyTrip is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of MakeMyTrip?MakeMyTrip's last 12 months EBITDA is $193M.
What is MakeMyTrip's EBITDA margin?MakeMyTrip's last 12 months EBITDA margin is 17%.
What is the current EV/EBITDA multiple of MakeMyTrip?Current EBITDA multiple of MakeMyTrip is 27.3x.
What is the current FCF of MakeMyTrip?MakeMyTrip's last 12 months FCF is $252M.
What is MakeMyTrip's FCF margin?MakeMyTrip's last 12 months FCF margin is 22%.
What is the current EV/FCF multiple of MakeMyTrip?Current FCF multiple of MakeMyTrip is 20.8x.

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