Is Airbnb, Inc. overvalued or undervalued?

As of 26 November 2024, Airbnb, Inc. has moved from an expensive to a fair valuation grade. The company is currently fairly valued. Key ratios include a P/E ratio of 34, an EV to EBITDA of 30.64, and a Price to Book Value of 11.10. In comparison, Booking Holdings, Inc. has a much higher P/E of 48.64, while Expedia Group, Inc. has a fair valuation with a P/E of 38.76.
Despite the recent stock performance showing a 1-year return of -12.73% compared to the S&P 500's 10.26%, Airbnb's valuation appears reasonable given its competitive positioning and financial metrics. Overall, the analysis suggests that Airbnb is neither undervalued nor overvalued at its current price of 130.53.