Trip.com Group stock fell approximately 48% year-to-date in 2026. The company currently trades at a P/E ratio of 5.2x, well below the hospitality industry average of 21.4x. Recent financial analyses assigned the stock a value score of 6 out of 6.
The company will release Q2 earnings results on September 15. Financial performance faces a RMB 3.5B antitrust fine and new regulations ending hotel exclusivity.
Analysts upgraded the stock to a cautious buy as regulatory uncertainty eases. International bookings grew 65% during the period. The company’s long-term value depends on converting travel demand into consistent cash flow.