MakeMyTrip Limited (MMYT) fair value analysis
Nasdaq · Updated 2026-10-19
MMYT price how computed
Forward Fair Value verdict
UndervaluedMMYT is trading at more than a 25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $46.59
- Sector
- Consumer Cyclical
- 12-month range
- $36.30–$89.97
- Market cap
- $4.14B
- From 52-week high
- -48.2%
- Shares outstanding
- 88.8M
- Rank in Consumer Cyclical by discount to fair value
- #2 of 85
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
MakeMyTrip Limited is an online travel platform that provides booking services for flights, hotels, trains, and holiday packages to customers across India and other markets. The company operates as a digital travel agency serving consumers in South Asia with a focus on the Indian market.
MMYT currently ranks #2 of 85 Consumer Cyclical stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $4.14B
- P/E (trailing)
- 28x
- Revenue (TTM)
- $1.06B
- Net margin
- 3.2%
- EPS (TTM)
- $1.69
- Gross margin
- 71.1%
- Debt / equity
- 0.00
- Revenue growth (3-yr avg)
- 23.1%
- Shares outstanding
- 88.8M
Derived indicators how computed
- Quality grade
- B
- Margin trend
- Contracting
- 52-week position
- The bottom quarter of its range
Technicals how computed
- RSI (14-day)
- 50 · neutral
- 50-day average
- $52.17
- 200-day average
- $52.56
- Moving-average state
- 50-day below 200-day (death cross state); price below both averages
Earnings how computed
- Next earnings report
- 2026-10-27
- Last 8 quarters vs consensus
- 4 beat, 3 missed
- Quarter by quarter
- 2026-06 ▲ beat (+140.0%)
2026-03 ▼ miss (-22.0%)
2025-12 ▲ beat (+23.8%)
2025-09 ▼ miss (-11.9%)
2025-06 ▬ met (0.0%)
2025-03 ▲ beat (+7.1%)
2024-12 ▼ miss (-7.1%)
2024-09 ▲ beat (+5.9%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 10 buy · 0 hold · 0 sell (10 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $73.4
- Target vs last price
- +57.5%
What our data shows for MMYT
- Our model validated 14 trailing price-to-earnings windows for MMYT, built from quarterly earnings records.
- Shares are trading in the lower third of their 12-month price range of $36.30–$89.97.
- The 14-day relative strength index sits at a neutral 50.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for MMYT
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent MMYT news
TickrTrends' derived news-sentiment signal for MMYT is currently leaning positive, computed from recent coverage.
- MakeMyTrip: Positive On Planned Indian Listing And Operational Resilience (NASDAQ:MMYT) (seekingalpha.com, 2026-09-15)
TickrTrends take: MakeMyTrip's planned Indian listing represents a potential catalyst for valuation reassessment, particularly given TickrTrends' current undervalued designation in the Consumer Cyclical sector. Investors focused on valuation metrics should monitor how the company's operational resilience translates into financial performance metrics that could justify or challenge the current undervalued positioning. The combination of expansion initiatives and demonstrated operational stability may provide clarification on whether the current valuation discount adequately reflects the company's growth prospects and risk profile.
What people are saying
Follow the MMYT conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — MMYT in the Consumer Cyclical sector has shifted from a mixed trend state to a downtrend based on its 50/200-day moving average analysis this week. The stock remains valued as undervalued according to current valuation metrics. This transition to downtrend conditions represents a change in the intermediate-term technical picture for the company.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — MMYT's technical indicators shifted this week as the Relative Strength Index moved from oversold to neutral territory. The stock maintains an undervalued valuation verdict within the Consumer Cyclical sector. This RSI improvement suggests the security is no longer in an oversold condition as tracked by TickrTrends' derived indicators.
- 2026-10-05 — MMYT's trend indicators shifted this week, with the 50/200-day trend state moving from a downtrend to a mixed state. Despite this change in momentum signals, the stock's current valuation remains assessed as undervalued according to TickrTrends' derived indicators. The mixed trend state suggests reduced directional conviction compared to the prior week's downtrend positioning.
- 2026-09-28 — MMYT's 50/200-day trend state shifted from mixed to downtrend this week, reflecting deteriorating momentum in the Consumer Cyclical sector stock. Despite this technical decline, the stock maintains an undervalued valuation verdict based on TickrTrends' derived indicators.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is MMYT stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), MMYT is trading at more than a 25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is MMYT's TickrTrends verdict?
MMYT's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does MMYT compare to other Consumer Cyclical stocks?
MMYT ranks #2 of 85 Consumer Cyclical stocks in TickrTrends' coverage by discount to fair value.
Is MMYT overbought or oversold?
MMYT's 14-day RSI is in neutral territory - neither overbought nor oversold.
When does MMYT report earnings next?
MMYT's next earnings report is scheduled for 2026-10-27, per the published earnings calendar.
Does MMYT usually beat earnings estimates?
Over its last 8 reported quarters MMYT beat the consensus estimate 4 times and missed 3 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about MMYT?
Of 10 analysts covering MMYT, 10 rate it a buy, 0 a hold and 0 a sell - buy-leaning, with a consensus price target of $73.4 (+57.5% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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