Airbnb, Inc. (ABNB)

NASDAQ: ABNB · USD

$166

-2.99 (-1.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-18

Our latest published analysis: ABNB rated Sell

Airbnb, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$109 / share

Potential value

$131 / share

Upside to FV

-37.2%

from $166

Moat

8/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$104.0B
Revenue (ttm)	13.2B
Net income (ttm)	2.7B
EPS (ttm)	$4.42
Shares out	589.6M
P/E (trailing)	37.5x
P/E (forward)	25.4x
Volume	2,088,203
Beta	1.24

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 13.2B
Net income (ttm): 2.7B
EPS (ttm): $4.42
P/E (trailing): 37.5x
P/E (forward): 25.4x
Market cap: $104.0B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$5.99B	$8.40B	$9.92B	$11.10B	$12.24B	+19.6%
Gross profit	$4.84B	$6.90B	$8.21B	$9.22B	$8.89B	+16.4%
Operating income	$429.0M	$1.80B	$1.52B	$2.55B	$2.54B	+56.1%
Net income	$-352.0M	$1.89B	$4.79B	$2.65B	$2.51B	—
EPS (diluted)	$-0.75	$2.80	$8.55	$4.13	$4.04	—
EBITDA	$276.0M	$1.97B	$2.23B	$3.40B	$2.70B	+76.9%
R&D	$1.43B	$1.50B	$1.72B	$2.06B	$2.35B	+13.4%
SG&A	$836.0M	$950.0M	$2.03B	$1.19B	$1.34B	+12.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	卖出
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	强力买入
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	持有
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	卖出
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	买入
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	持有

Base and Bull scenarios

Bull20%

Price target

$131.42

-24.3% from spot

In the upside scenario, Airbnb sustains elevated revenue growth supported by accelerated international penetration in Latin America and Asia Pacific, rapid scaling of boutique hotel inventory, and sponsored listings monetization. Operating margins expand substantially as AI support automation drives structural SG&A leverage, while aggressive share repurchases reduce diluted share count on an ongoing annual basis.

Multi-year revenue expansion compounding at double-digit rates with accelerated international adoption
Operating margin expands meaningfully supported by AI tooling
Diluted share count declines steadily on an annual basis via aggressive buybacks
Terminal exit multiple expands reflecting premium platform growth

Base55%

Price target

$109.08

-37.2% from spot

The modal base path reflects approved schedule forecasts: top-line revenue expands from FY2026 through FY2030, with operating margins improving progressively across the projection horizon. Reinvestment rates remain minimal as a share of NOPAT, and diluted share count contracts via steady buybacks, supporting a fundamental Fair value midpoint of $109.08.

Sustained top-line expansion across FY2026 and FY2027
Operating margin expands progressively from FY2025 through FY2030
Cost of equity derived from prevailing risk-free benchmark and estimated systematic risk beta
Terminal valuation multiple aligned with mature travel marketplace dynamics and steady long-term perpetual growth

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($109.08). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
8.9%	$113	$117	$121	$126	$133
9.4%	$108	$111	$115	$119	$124
9.9%	$103	$106	$109	$113	$117
10.4%	$99.0	$101	$104	$107	$111
10.9%	$95.3	$97.4	$99.7	$102	$105

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E25.4

P25 10.9P50 15.4P75 22.5

Trailing P/E39.6

P25 12P50 17.7P75 28

ROE34.5

P25 -15.1P50 6P75 18

ROIC16.8

P25 -3.5P50 5.2P75 12.7

Benchmarks · 1M

All ABNB indicators

Market & fundamental data

Available fields

264

Groups with data

Currency

USD

Showing 264 of 264 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001559720
Company name	Airbnb, Inc.
Country	United States
Country code	US
CUSIP number	009066101
Earnings date	2026-11-05
Earnings time	amc
Employees	8,200
Employees change	900
Employees growth	12.33%
Enterprise value	$88.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2008
In index	SP500, NASDAQ100
Industry	Travel Services
IPO date	2020-12-10
Is primary listing	Yes
Is SPAC	No
ISIN number	US0090661010
Last 10-K release date	2026-02-12
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$97.8B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$165.83
Price currency	USD
Sector	Consumer Discretionary
SIC code	7340
Stock price date	2026-10-28
Symbol	ABNB
U.S. state	California
Website	https://www.airbnb.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	37.69x
Average P/E ratio (3Y)	27.75x
Average P/E ratio (5Y)	36.55x
Earnings yield	2.67%
EV/Earnings	32.78x
EV/EBIT	32.22x
EV/EBITDA	31.95x
EV/FCF	18.15x
EV/Sales	6.7x
FCF / EV yield	5.51%
FCF yield	4.97%
Forward EV/Sales	5.89x
Forward P/E	29.42x
Forward P/S	6.53x
Graham number	36.2574
Graham upside	-78.14%
Industry forward P/E	16x
Industry P/E	18.22x
Lynch fair value	$23.75
Lynch upside	-85.68%
P/(FCF - SBC) ratio	31.01x
P/(OCF - SBC) ratio	31.01x
P/B ratio	12.77x
P/E ratio	37.52x
P/FCF ratio	20.12x
P/OCF ratio	20.12x
P/S ratio	7.43x
PEG ratio	1.41x
Price / tangible book value	13.9x
Price/EBITDA ratio	35.42x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	20.81%
EBITDA margin	20.98%
Effective tax rate	19.98%
FCF margin	36.93%
Gross margin	82.9%
Operating margin	20.81%
Pretax margin	25.56%
Profit margin	20.45%
Profit per employee	$328,171
Profitable quarters	10
Profitable years	4
Revenue per employee	$1.6M
ROA	6.14%
ROA (5Y)	6.19%
ROCE	25.68%
ROE	34.54%
ROE (5Y)	31.89%
ROIC	16.81%
SBC / revenue	12.97%
Tax / revenue	5.11%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	5.67%
EPS growth (Q)	33.38%
EPS growth (QoQ)	426.92%
EPS growth 3Y	8.81%
EPS growth quarters	2
EPS growth years	0
FCF growth	12.81%
FCF growth (Q)	30.26%
FCF growth (QoQ)	-25.64%
FCF growth 3Y	7.3%
FCF growth 5Y	25.49%
Gross profit growth	13.19%
Gross profit growth (Q)	16.58%
Gross profit growth 3Y	13.39%
Gross profit growth 5Y	25.98%
Net income growth	2.51%
Net income growth (Q)	27.1%
Net income growth (QoQ)	410%
Net income growth 3Y	5.37%
Net income growth quarters	2
Net income growth years	0
OCF growth	12.81%
OCF growth (Q)	30.26%
OCF growth (QoQ)	-25.64%
OCF growth 3Y	7.4%
OCF growth 5Y	25%
Operating income growth	5.11%
Operating income growth (Q)	23.86%
Operating income growth 3Y	11.83%
Revenue growth	13.64%
Revenue growth (Q)	16.54%
Revenue growth (QoQ)	34.73%
Revenue growth 3Y	13.13%
Revenue growth 5Y	24.36%
Revenue growth quarters	22
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Depreciation and amortization	$23M
EBIT	$2.7B
EBITDA	$2.8B
EPS	$4.42
FCF per share	$8.24
Financing cash flow	$-2.8B
Free cash flow	$4.9B
Free cash flow minus SBC	$3.2B
Gross profit	$10.9B
Income taxes	$672M
Investing cash flow	$-1.3B
Net borrowing	$478M
Net cash flow	$605M
Net income	$2.7B
Operating cash flow minus SBC	$3.2B
Operating income	$2.7B
Revenue	$13.2B
Stock-based compensation	$1.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.01
Book value per share	$13.22
Debt / EBITDA	0.88
Debt / equity	0.32
Debt / FCF	0.51
Interest coverage	58.26
Long-term assets	$3.3B
Long-term liabilities	$2.9B
Net cash (debt)	$9.6B
Net cash / market cap	9.79%
Net cash growth	5.5%
Net debt / EBITDA	-3.47
Net debt / equity	-1.23
Net debt / FCF	-1.97
Piotroski F-Score	6
Shareholders' equity	$7.8B
Tangible book value	$7B
Tangible book value per share	$11.92
Total assets	$28.8B
Total cash	$12.1B
Total debt	$2.5B
Total liabilities	$21B
WACC	10.85%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.47
Current assets	$25.5B
Current liabilities	$18.1B
Current ratio	1.41
Net working capital	$-4.7B
Quick ratio	0.68
Working capital	$7.4B
Working capital turnover	2.24

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.86%
Dividend yield	0%
Shareholder yield	3.86%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$152.10
1D price change	-1.77%
1M price change	5.33%
1M total return	5.33%
1W price change	-6.26%
1W total return	-6.26%
1Y price change	28.51%
1Y return CAGR	28.53%
1Y total return	28.51%
20-day SMA	$168.04
200-day SMA	$146.42
3M price change	12.94%
3M total return	12.94%
3Y price change	45.39%
3Y return CAGR	13.28%
3Y total return	45.39%
50-day SMA	$171.20
50-day SMA vs 200-day SMA	50over200
52-week high	$193.45
52-week high date	2026-08-24
52-week low	$110.81
52-week low date	2025-11-20
5Y price change	-1.91%
5Y return CAGR	-0.39%
5Y total return	-1.91%
6M price change	17.59%
6M total return	17.59%
After-hours change	0.3%
After-hours close	$165.83
After-hours price	$166.32
All-time high	$219.94
All-time high date	2021-02-11
All-time low	$81.91
All-time low date	2022-12-28
Average true range (ATR)	$4.54
Average volume	3.3M
Beta (1Y)	1.34
Beta (2Y)	1.36
Beta (5Y)	1.24
Change from 52-week high	-14.28%
Change from 52-week low	49.65%
Change from all-time high	-24.58%
Change from all-time low	102.5%
Change from open	-1.59%
Day's gap	-0.18%
Dollar volume	$346.3M
High price	$169.29
Low price	$165.06
Monthly RSI	58.83
Open price	$168.51
Position in 52-week range	18.2%
Premarket change	-0.05%
Premarket close	$168.82
Premarket price	$168.74
Premarket volume	2.7K
Previous close	$168.82
Price vs 150-day SMA	9.05%
Price vs 20-day SMA	-1.29%
Price vs 200-day SMA	13.28%
Price vs 50-day SMA	-3.11%
Relative volume	0.64
Return from IPO open	13.6%
Return from IPO price	143.9%
RSI	45.77
Sharpe ratio	0.76
Sharpe ratio (3Y)	0.36
Sharpe ratio (5Y)	0.12
Sortino ratio	1.41
Sortino ratio (3Y)	0.71
Sortino ratio (5Y)	0.3
Volume	2.1M
Weekly RSI	54.96
YTD price change	22.22%
YTD total return	22.22%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	405.8M
Float percentage	68.82%
Shares change (QoQ)	-1.81%
Shares change (YoY)	-3.86%
Shares held by insiders	28.72%
Shares held by institutions	65.48%
Shares outstanding	589.6M
Short % of float	3.74%
Short % of shares	2.57%
Short ratio	3 days

Deeper analysis on ABNB

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this ABNB report

What is the latest published ABNB stock rating?

Airbnb, Inc. is shown with Sell in the latest published report, analyzed 2026-10-18. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ABNB analysis?

The full latest published report, analyzed 2026-10-18, lives at /stocks/ABNB/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ABNB?

The latest published report analyzed 2026-10-18 gives ABNB a fair value of USD 109 and a potential value of USD 131. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ABNB page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-18). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellABNB · Fair value $109-37.2%

Read full analysis →

Airbnb, Inc. (ABNB)

Our latest published analysis: ABNB rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · ABNB

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ABNB indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ABNB

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	6.0
Profitability	7.5
Revenue Growth	7.5
Risk Assessment	6.5
Competitive Moat	8.0
Earnings Quality	9.0
Capital Efficiency	6.5