Booking price to free cash flow BKNG

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 12.3×
10-year median: 19.0×
Against its 10-year history: 1st; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.8× to 101×
Peer median: 11.1×

Booking's price to free cash flow is 12.3× as of Oct 23, 2026.

That is below its ten-year median of 19.0×, lower than on 99% of days in the last ten years.

Over that time it ranged from 10.8× in Mar 2020 to 101× in Oct 2021.

The median for 5 travel stocks of a similar size is 11.1×.

Price to free cash flow over time

median 19×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.3×	12.3×	21.3×
2025	21.1×	17.8×	21.9×
2024	19.6×	14.9×	20.6×
2023	15.8×	12.7×	22.4×
2022	18.3×	11.1×	63.3×
2021	58.1×	51.2×	101×
2020	63.8×	10.8×	63.8×
2019	19.3×	15.4×	19.3×
2018	15.9×	15.1×	24.0×
2017	19.6×	19.2×	26.8×
2016	20.8×	18.0×	22.8×
2015	22.6×	20.3×	23.5×
2014	23.3×	22.1×	31.9×
2013	27.7×	19.7×	29.3×
2012	30.5×	19.9×	31.6×
2011	19.4×	18.9×	29.7×

Against its peers

Companies in Travel Services nearest Booking's size, closest first, today.

Company	Price to free cash flow
BKNGBooking	12.3×
ABNBAirbnb	n/m
RCLRoyal Caribbean Cruises	n/m
CCLCarnival	11.1×
EXPEExpedia	7.8×
ROLRollins	27.1×
Peer median	11.1×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Booking

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.