Airbnb (ABNB – Free Report) shares are overvalued, as suggested by a Value Score of D. ABNB stock is trading at a significant premium with a forward 12-month Price/Sales (P/S) of 6.54X compared with the Zacks Leisure and Recreation Services industry’s 2.11X.
ABNB is trading at a premium compared with traveling service providers like Booking Holdings (BKNG – Free Report) , Expedia (EXPE – Free Report) and TripAdvisor (TRIP – Free Report) . BKNG, EXPE and TRIP shares are currently trading at P/S of 6.1X, 1.55X and 1.1X, respectively.
Image Source: Zacks Investment Research
ABNB’s stretched valuation is a deterrent for investors. Shares have declined 1.2% year to date, outperforming the industry’s drop of 6.2% but lagging the Zacks Consumer Discretionary sector’s fall of 1%.
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