Airbnb Inc (ABNB) is overvalued and Viking Holdings Ltd (VIK) is slightly overvalued.
Both trade above our estimate of their intrinsic value. VIK is the closer of the two: -11%, against -93% for ABNB.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.8% (average of 3 methods) values the shares at $83.63; the price of $161.81 is 93% above that value, and 71% of that value comes from beyond year five.
Leak Score 71/100 on 6 of 12 signals
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $73.00; the price of $81.02 is 11% above that value, and 73% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | ABNB | VIK |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $161.81 | $81.02 |
| Intrinsic value | $83.63 | $73.00 |
| Margin of safety | -93% | -11% |
| Leak Score | 71/100 (6/12) | 59/100 (3/12) |
| Market cap | $96.9B | $36.1B |
| Revenue growth, 5 years | 29.5% | 79.6% |
| Operating margin | 21.2% | 23.3% |
| Net margin | 20.4% | 19.3% |
| Return on equity | 34.5% | 139.5% |
| Debt to equity | 0.32 | 3.75 |
| P/E | 36.8x | 26.9x |
| Forward P/E | 25.9x | 18.4x |
| P/B | 12.2x | 33.5x |