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Airbnb, Inc. (ABNB) stock analysis

ABNBNasdaqServices-To Dwellings & Other BuildingsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 15/3026% above fair value
$181.13−5.77 (-3.09%)

Close on Nov 11, 2026Market cap $108.46BP/E 33.8Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value2Growth4Performance4Health5Dividend0

Solid15 of 30 checks passed

Airbnb passes 15 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
4/6
Past performance
4/6
Financial health
5/6
Dividend
0/6

What stands out

  • Return on equity over 15%

    Return on equity was 35.8% over the last twelve months and averaged 31.9% over five years.

  • Low debt

    Debt is 25.5% of shareholders' equity, under the 40% we consider low.

  • Revenue growing 10%+ a year

    Revenue grew 13.4% a year over the last three fiscal years.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 211% of total debt.

What to watch

  • Margin of safety under 20%

    The price is 26.0% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $181.13 is above our fair value estimate of $143.79.

  • P/E above the industry

    Airbnb's P/E of 33.8 is above the Business Services median of 26.9.

  • P/B above the industry

    Airbnb's price-to-book of 11.65 is above the Business Services median of 2.98.

Valuation2/6

  • P/E below its 5-year median

    Airbnb's P/E of 33.8 is below its own 5-year median of 35.0.

  • P/E above the industry

    Airbnb's P/E of 33.8 is above the Business Services median of 26.9.

  • EV/EBITDA below its 5-year median

    Airbnb's EV/EBITDA of 31.3 is below its 5-year median of 36.0.

  • P/B above the industry

    Airbnb's price-to-book of 11.65 is above the Business Services median of 2.98.

  • Trading above fair value

    The share price of $181.13 is above our fair value estimate of $143.79.

  • Margin of safety under 20%

    The price is 26.0% above fair value, so there is no margin of safety.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 13.4% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 16.7% over the last twelve months; the Business Services median is 9.1%.

  • Guidance raised

    Airbnb raised its full-year 2026 full-year Adjusted EBITDA Margin outlook on Aug 6, 2026.

  • Gross margin improving

    Gross margin was 83.1% over the last twelve months, against 83.0% a year earlier.

Past performance4/6

  • Return on equity over 15%

    Return on equity was 35.8% over the last twelve months and averaged 31.9% over five years.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity above the industry

    Airbnb's return on equity of 35.8% is above the Business Services median of 1.4%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 23.0% over the last twelve months, against a 5-year average of 21.9%.

  • Net margin above the industry

    Airbnb's net margin of 23.0% is above the Business Services median of -1.7%.

Financial health5/6

  • Low debt

    Debt is 25.5% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 62.9% five years ago to 25.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 211% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 1.73 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 5.44; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Airbnb has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$143.79

The share price is 26% above this estimate.

20%+ below
Near fair value
20%+ above
$181.13Price$143.79Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E31.0×35.0×26.9×$166.0844%
EV/EBITDA26.3×36.0×16.4×$154.5539%
Earnings power12.3% cost of equity––$59.2417%
Fair value$143.79100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 35.0
  • Business Services median 26.9

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$734.47M
Value traded per 1% price move
$442.67M

Downside

Medium risk

Typical loss in a bad month
15.3%
Volatility (annualized)
39%
Sharpe ratio, 1 year
1.20
Beta to the S&P 500 (5Y)
1.48

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Gross margin

83.0%+8.9 pts over 5 years

Operating margin

20.8%+127.1 pts over 5 years

Net margin

20.5%+156.2 pts over 5 years

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