Booking Holdings (BKNG) Financial Ratios: P/E, ROE & More

Booking Holdings (BKNG) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Booking Holdings had a P/E ratio of 31.94 (up from 27.96), debt-to-equity of -3.48 (up from -4.29), a current ratio of 1.33 (up from 1.31) and return on assets of 20.8% (up from 18.2%). A current ratio of 1.33 means current assets exceed current liabilities. Its dividend yield was 0.71% with a payout ratio of 23.1%.

Booking Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	31.94	27.96	28.86	25.56	84.57	1546.06
Forward P/E	20.80	24.45	20.64	16.86	26.57	62.98
P/S Ratio	6.41	6.93	5.79	4.57	8.99	13.42
P/B Ratio	-30.95	-40.91	-45.10	28.10	15.95	18.64
Price/Tangible Book	-	-	-	-	79.84	76.91
Price/FCF	19.00	20.83	17.68	12.64	39.16	-
Price/OCF	18.35	19.76	16.85	11.93	34.94	1073.15
PEG Ratio	1.27	1.48	1.01	0.61	2.13	1.23
Enterprise Value Ratios
EV/Revenue	6.44	6.96	5.80	4.48	8.67	13.61
EV/EBITDA	17.15	20.21	19.27	14.42	31.12	95.83
EV/EBIT	18.27	21.79	20.91	15.76	36.10	182.39
EV/FCF	19.08	20.94	17.70	12.38	37.76	-
Profitability & Returns
Return on Equity (ROE)	-	-	22573.68%	68.26%	21.05%	1.09%
Return on Assets (ROA)	20.82%	18.23%	14.90%	12.40%	7.23%	1.46%
Return on Invested Capital (ROIC)	60.94%	53.06%	63.46%	75.37%	32.64%	0.74%
Return on Capital Employed (ROCE)	75.50%	62.90%	53.80%	28.80%	15.10%	2.70%
Leverage & Solvency Ratios
Debt/Equity	-3.48	-4.29	-5.47	4.75	1.85	2.56
Debt/EBITDA	1.87	2.04	2.24	2.39	3.48	10.42
Debt/FCF	2.14	2.18	2.14	2.14	4.54	-
Liquidity Ratios
Current Ratio	1.33	1.31	1.28	1.86	2.10	3.56
Quick Ratio	1.26	1.24	1.20	1.73	2.00	3.38
Efficiency Ratios
Asset Turnover	0.94	0.91	0.86	0.70	0.48	0.31
Yield & Distribution Ratios
Earnings Yield	3.13%	3.58%	3.47%	3.91%	1.18%	0.07%
FCF Yield	5.26%	4.80%	5.66%	7.91%	2.55%	-0.22%
Dividend Yield	0.71%	0.70%	-	-	-	-
Payout Ratio	23.09%	19.96%	-	-	-	-
Buyback Yield	4.18%	6.75%	8.79%	3.17%	-0.49%	5.40%
Total Return	4.89%	7.45%	8.79%	3.17%	-0.49%	5.40%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Booking Holdings Financial Ratios

What is Booking Holdings's P/E ratio?

Booking Holdings's P/E ratio was 31.94 for fiscal 2025 (period ended Dec 31, 2025). It was 27.96 a year earlier.

What is Booking Holdings's debt-to-equity ratio?

Booking Holdings's debt-to-equity ratio was -3.48 for fiscal 2025 (period ended Dec 31, 2025). It was -4.29 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition