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STOCK COMPARISON

Amazon.com vs Booking Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Amazon.com (AMZN) and Booking Holdings (BKNG) compare, as of Oct 6, 2026.

As of Oct 6, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Amazon.com trades at $251 versus a fair value of $127 (−49.4%), while Booking Holdings trades at $158 versus $193 (+21.9%).
Amazon.com
AMZN · USD · Consumer Discretionary
−49.4%
upside to fair value
overvalued
Price$251
Fair Value$127
Quality56/100
Booking Holdings
BKNG · USD · Consumer Discretionary
+21.9%
upside to fair value
undervalued
Price$158
Fair Value$193
Quality88/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Amazon.comBooking Holdings
Valuation
20.7×P/E (TTM)17.4×
35.1×P/E ex one-offs (FY2025)22.1×
24.0×Forward P/E (FY2027)12.8×
3.53×P/S (TTM)4.32×
6.67×P/BNegative equity
16.1×EV/EBITDA11.7×
1.51×PEG0.61×
−49.4%Fair value upside+21.9%
n/aDividend yield1.0%
n/aDividend per share$1.61
Profitability
13.7%Operating margin34.4%
1.90×EBIT margin trend (5Y)n/a
30.6%Return on equityNegative equity
6.6%Return on assets20.4%
Growth
19.6%Revenue growth (YoY)8.1%
11.7%Avg. growth/yr (3Y)16.3%
13.2%Avg. growth/yr (5Y)31.7%
+27.7%Value creation/yr+44.4%
Balance & size
35.2×Interest coverage (EBIT/interest)5.7×
0.16×Debt / equityNegative equity
$2.7TMarket cap$122B
expensiveGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported. Amazon.com: FY 2026 earnings estimate probably distorted by a special item known to analysts (12.88 is not between the FY 2025 actual of 7.17 and the FY 2027 estimate of 10.48).

Booking Holdings leads: 2 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Amazon.comof which business quality 56 · market factors 51 Booking Holdingsof which business quality 84 · market factors 30
ProfitabilityMargins and returns on capital today
65
87
Quality GrowthAre margins and returns improving?
52
43
CashflowEarnings quality: real cash, not paper profit
44
96
Fin. StrengthBalance sheet, leverage, solvency risk
80
83
InvestmentDisciplined investing over empire-building
3
92
Low VolatilityCalm price path (market factor)
43
53
MomentumPrice trend over the last 3–12 months (market factor)
55
28
52W MomentumDistance to the 52-week high (market factor)
55
6
Net IssuanceShare count: buybacks or dilution?
72
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmazon.comPrice $251Booking HoldingsPrice $158
DCF Models−38.0%below the price$156+78.5%above the price$283
Earnings-Based−27.0%below the price$183−14.3%close to the price$136
Dividend Discountn/a−81.5%below the price$29.23
Multiples−48.7%below the price$1290%close to the price$158
Asset-Based−89.8%below the price$25.53n/a
Growth DCF−71.2%below the price$72.31+70.9%above the price$271
Economic Profit−64.1%below the price$90.32−26.4%below the price$117
Growth Earnings−5.0%close to the price$239+21.9%above the price$193
Minimum−89.8%below the price$25.53−81.5%below the price$29.23
Maximum−5.0%close to the price$239+78.5%above the price$283
Median−48.7%below the price$1290%close to the price$158
Geometric mean−58.0%below the price$106−11.3%close to the price$140

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Amazon.com: 23 of 24 models see the stock below the current price.

Booking Holdings: 11 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Amazon.com
Price $251
Fair Value $127
Bear $70.41Bull $161
Booking Holdings
Price $158
Fair Value $193
Bear $135Bull $251

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Amazon.com · Consumer Discretionary

Quality score56 · above median
Fair value upside−49.4% · bottom 25%

Booking Holdings · Consumer Discretionary

Quality score88 · Top 25%
Fair value upside+21.9% · above median

Bottom line

As of Oct 6, 2026, Fair Value Calculator sees Booking Holdings as the more attractively valued of the two: Amazon.com trades at $251 versus a fair value of $127 (−49.4%), while Booking Holdings trades at $158 versus $193 (+21.9%).

Booking Holdings has the higher quality score (88/100).

Open Booking Holdings live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.