Trip.com Group Ltd ADR (TCOM) - Net Assets
Based on the latest financial reports, Trip.com Group Ltd ADR (TCOM) has net assets worth $166.10 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($262.23 Billion) and total liabilities ($96.13 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Trip.com Group Ltd ADR (TCOM) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $166.10 Billion |
| % of Total Assets | 63.34% |
| Annual Growth Rate | 45.76% |
| 5-Year Change | 56.36% |
| 10-Year Change | 128.69% |
| Growth Volatility | 113.08 |
Trip.com Group Ltd ADR - Net Assets Trend (2000–2025)
This chart illustrates how Trip.com Group Ltd ADR's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Trip.com Group Ltd ADR worth.
Annual Net Assets for Trip.com Group Ltd ADR (2000–2025)
The table below shows the annual net assets of Trip.com Group Ltd ADR from 2000 to 2025. Also explore TCOM year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $172.71 Billion | +20.37% |
| 2024-12-31 | $143.48 Billion | +16.65% |
| 2023-12-31 | $123.01 Billion | +8.84% |
| 2022-12-31 | $113.02 Billion | +2.32% |
| 2021-12-31 | $110.46 Billion | +8.75% |
| 2020-12-31 | $101.57 Billion | -3.91% |
| 2019-12-31 | $105.70 Billion | +19.12% |
| 2018-12-31 | $88.73 Billion | +2.45% |
| 2017-12-31 | $86.61 Billion | +14.69% |
| 2016-12-31 | $75.52 Billion | +18.58% |
| 2015-12-31 | $63.68 Billion | +513.67% |
| 2014-12-31 | $10.38 Billion | +18.87% |
| 2013-12-31 | $8.73 Billion | +32.58% |
| 2012-12-31 | $6.58 Billion | -7.84% |
| 2011-12-31 | $7.15 Billion | +15.43% |
| 2010-12-31 | $6.19 Billion | +107.25% |
| 2009-12-31 | $2.99 Billion | +48.25% |
| 2008-12-31 | $2.01 Billion | +38.62% |
| 2007-12-31 | $1.45 Billion | +41.45% |
| 2006-12-31 | $1.03 Billion | +34.17% |
| 2005-12-31 | $765.82 Million | +27.22% |
| 2004-12-31 | $601.97 Million | +22.01% |
| 2003-12-31 | $493.37 Million | +1309.07% |
| 2002-12-31 | $-40.81 Million | -226.27% |
| 2001-12-31 | $-12.51 Million | -189.34% |
| 2000-12-31 | $14.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trip.com Group Ltd ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7659700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $76.60 Billion | 44.78% |
| Other Components | $94.46 Billion | 55.22% |
| Total Equity | $171.06 Billion | 100.00% |
Trip.com Group Ltd ADR Competitors by Market Cap
The table below lists competitors of Trip.com Group Ltd ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Airlines Holdings Inc
NASDAQ:UAL
|
$34.70 Billion |
|
Samsung Life
KO:032830
|
$34.74 Billion |
|
Telefonaktiebolaget LM Ericsson B ADR
NASDAQ:ERIC
|
$34.77 Billion |
|
Waters Corporation
NYSE:WAT
|
$34.91 Billion |
|
Teva Pharmaceutical Industries Limited
F:TEV
|
$34.58 Billion |
|
NTPC Limited
NSE:NTPC
|
$34.55 Billion |
|
SSE PLC ADR LS-50 1
F:SCTA
|
$34.54 Billion |
|
Honda Motor Co. Ltd
F:HDMA
|
$34.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trip.com Group Ltd ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 142,550,000,000 to 171,057,859,000, a change of 28,507,859,000 (20.0%).
- Net income of 32,386,911,000 contributed positively to equity growth.
- Dividend payments of 1,423,000,000 reduced retained earnings.
- Share repurchases of 4,396,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,263,000,000.
- Other factors increased equity by 3,202,948,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.39 Billion | +18.93% |
| Dividends Paid | $1.42 Billion | -0.83% |
| Share Repurchases | $4.40 Billion | -2.57% |
| Other Comprehensive Income | $-1.26 Billion | -0.74% |
| Other Changes | $3.20 Billion | +1.87% |
| Total Change | $- | 20.00% |
Book Value vs Market Value Analysis
This analysis compares Trip.com Group Ltd ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 261.36x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $0.20 | $52.95 | x |
| 2001-12-31 | $-0.17 | $52.95 | x |
| 2002-12-31 | $-0.27 | $52.95 | x |
| 2003-12-31 | $5.00 | $52.95 | x |
| 2004-12-31 | $2.39 | $52.95 | x |
| 2005-12-31 | $2.95 | $52.95 | x |
| 2006-12-31 | $3.86 | $52.95 | x |
| 2007-12-31 | $5.32 | $52.95 | x |
| 2008-12-31 | $7.31 | $52.95 | x |
| 2009-12-31 | $10.37 | $52.95 | x |
| 2010-12-31 | $20.30 | $52.95 | x |
| 2011-12-31 | $23.15 | $52.95 | x |
| 2012-12-31 | $22.48 | $52.95 | x |
| 2013-12-31 | $28.01 | $52.95 | x |
| 2014-12-31 | $31.18 | $52.95 | x |
| 2015-12-31 | $117.55 | $52.95 | x |
| 2016-12-31 | $151.13 | $52.95 | x |
| 2017-12-31 | $147.74 | $52.95 | x |
| 2018-12-31 | $152.83 | $52.95 | x |
| 2019-12-31 | $161.14 | $52.95 | x |
| 2020-12-31 | $167.01 | $52.95 | x |
| 2021-12-31 | $172.96 | $52.95 | x |
| 2022-12-31 | $177.07 | $52.95 | x |
| 2023-12-31 | $182.08 | $52.95 | x |
| 2024-12-31 | $206.98 | $52.95 | x |
| 2025-12-31 | $244.94 | $52.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trip.com Group Ltd ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.35%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.56x
- Recent ROE (18.93%) is above the historical average (3.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -171.26% | -371.56% | 0.05x | 8.42x | $-25.38 Million |
| 2001 | 0.00% | -34.70% | 0.40x | 0.00x | $-14.01 Million |
| 2002 | 0.00% | 14.19% | 1.03x | 0.00x | $18.36 Million |
| 2003 | 10.92% | 31.08% | 0.31x | 1.13x | $4.54 Million |
| 2004 | 22.14% | 39.88% | 0.45x | 1.23x | $72.99 Million |
| 2005 | 29.33% | 43.02% | 0.50x | 1.35x | $147.84 Million |
| 2006 | 23.39% | 28.84% | 0.57x | 1.41x | $137.61 Million |
| 2007 | 27.45% | 30.94% | 0.61x | 1.46x | $253.56 Million |
| 2008 | 22.07% | 29.97% | 0.56x | 1.31x | $242.91 Million |
| 2009 | 22.53% | 33.15% | 0.48x | 1.42x | $366.47 Million |
| 2010 | 17.17% | 36.38% | 0.35x | 1.33x | $437.70 Million |
| 2011 | 15.29% | 30.77% | 0.36x | 1.39x | $372.19 Million |
| 2012 | 11.01% | 17.18% | 0.36x | 1.80x | $65.44 Million |
| 2013 | 11.70% | 18.53% | 0.26x | 2.44x | $145.28 Million |
| 2014 | 2.55% | 3.30% | 0.24x | 3.28x | $-710.18 Million |
| 2015 | 5.63% | 23.01% | 0.09x | 2.67x | $-1.95 Billion |
| 2016 | -1.98% | -7.37% | 0.13x | 2.02x | $-8.57 Billion |
| 2017 | 2.54% | 8.04% | 0.17x | 1.91x | $-6.33 Billion |
| 2018 | 1.28% | 3.59% | 0.17x | 2.14x | $-7.56 Billion |
| 2019 | 6.78% | 19.66% | 0.18x | 1.94x | $-3.33 Billion |
| 2020 | -3.24% | -17.73% | 0.10x | 1.87x | $-13.28 Billion |
| 2021 | -0.50% | -2.75% | 0.10x | 1.75x | $-11.52 Billion |
| 2022 | 1.25% | 7.00% | 0.10x | 1.71x | $-9.83 Billion |
| 2023 | 8.12% | 22.28% | 0.20x | 1.79x | $-2.30 Billion |
| 2024 | 11.97% | 32.02% | 0.22x | 1.70x | $2.81 Billion |
| 2025 | 18.93% | 53.35% | 0.23x | 1.56x | $15.28 Billion |
Industry Comparison
This section compares Trip.com Group Ltd ADR's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $5,936,402,453
- Average return on equity (ROE) among peers: -4.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trip.com Group Ltd ADR (TCOM) | $166.10 Billion | -171.26% | 0.58x | $34.61 Billion |
| Airbnb Inc (ABNB) | $8.16 Billion | 58.69% | 1.53x | $70.51 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $6.37 Million | 14.92% | 0.57x | $14.69 Million |
| Booking Holdings Inc (BKNG) | $1.32 Billion | 37.04% | 0.39x | $128.73 Billion |
| Carnival Corporation (CCL) | $23.83 Billion | 8.02% | 0.62x | $27.39 Billion |
| Carnival Plc ADS (CUK) | $24.56 Billion | 4.30% | 0.63x | $3.89 Billion |
| Despegar.com Corp (DESP) | $92.85 Million | -151.47% | 8.10x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $231.00 Million | 0.00% | 0.69x | $33.56 Billion |
| Global Business Travel Group Inc (GBTG) | $1.21 Billion | -5.20% | 2.09x | $4.88 Billion |
| Inspirato Inc (ISPO) | $-165.46 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $112.62 Million | -7.69% | 2.77x | $1.66 Billion |
About Trip.com Group Ltd ADR
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus… Read more