Expedia Group, Inc. (NASDAQ:EXPE) Might Not Be As Mispriced As It Looks After Plunging 26%

Expedia Group, Inc. (NASDAQ:EXPE) shareholders that were waiting for something to happen have been dealt a blow with a 26% share price drop in the last month. The last month has meant the stock is now only up 7.6% during the last year.

In spite of the heavy fall in price, there still wouldn’t be many who think Expedia Group’s price-to-earnings (or “P/E”) ratio of 14.8x is worth a mention when the median P/E in the United States is similar at about 16x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.

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Recent times have been advantageous for Expedia Group as its earnings have been rising faster than most other companies. It might be that many expect the strong…