MakeMyTrip Limited (NASDAQ:MMYT) saw a decent share price growth of 12% on the NASDAQGS over the last few months. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at MakeMyTrip’s outlook and value based on the most recent financial data to see if the opportunity still exists.
Check out our latest analysis for MakeMyTrip
MakeMyTrip is currently expensive based on our price multiple model, where we look at the company’s price-to-earnings ratio in comparison to the industry average. We’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 45.53x is currently well-above the industry average of 24.37x, meaning that it is trading…
