---
title: Airbnb (ABNB) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/abnb
ticker: ABNB
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Travel Services
---
# Airbnb (ABNB)

Airbnb (ABNB) closed at $173.70 on Oct 16, 2026, overvalued by 93% vs its model value of $89.90 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $173.70 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $89.90 |
| Price vs model | overvalued by 93% vs model |
| Range of that model | $65.18 – $159.24 |
| Market value | $104.0B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | 20.4% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.24 |
| Cost of capital (WACC) | 9.80% |
| Business classification | Profitable Growth (Moderate growth (~11% recent), High profitability (21% net margin), Highly cyclical earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $89.90 | $65.18 | $159.24 |
| DCF · Perpetuity growth · 10y | cross check | $98.56 | $72.44 | $170.56 |
| DCF · EBITDA exit · 5y | cross check | $107.14 | $82.87 | $135.58 |
| DCF · EBITDA exit · 10y | cross check | $113.07 | $86.06 | $148.61 |
| P/E · peers | cross check | $126.09 | $100.35 | $182.41 |
| P/E · own history | cross check | $151.90 | $105.48 | $192.15 |
| PEG | sanity check | $114.50 | $114.50 | $114.50 |
| EV/EBITDA · peers | cross check | $89.10 | $68.31 | $132.88 |
| EV/Revenue · peers | cross check | $102.34 | $83.22 | $138.52 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 21 open-market sales ($20.6M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 12, 2026 | Blecharczyk Nathan | Chief Strategy Officer | Open-market sell (10b5-1 plan) | 3,248 | $540,862.2 |
| Oct 12, 2026 | Blecharczyk Nathan | Chief Strategy Officer | Open-market sell (10b5-1 plan) | 2,248 | $371,910.5 |
| Oct 12, 2026 | Blecharczyk Nathan | Chief Strategy Officer | Open-market sell (10b5-1 plan) | 4,267 | $702,872.2 |
| Oct 12, 2026 | Blecharczyk Nathan | Chief Strategy Officer | Conversion of derivative (10b5-1 plan) | 17,692 | $0 |
| Oct 12, 2026 | Blecharczyk Nathan | Chief Strategy Officer | Open-market sell (10b5-1 plan) | 2,852 | $466,150.6 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1559720/000155972026000027/abnb-20260630.htm |
| Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1559720/000119312526337928/d70413d8k.htm |
| Jun 11, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1559720/000155972026000018/abnb-20260605.htm |
| May 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1559720/000155972026000014/abnb-20260331.htm |
| May 7, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1559720/000119312526211816/d23351d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bill Nygren | 2026-06-30 | 18,861,551 | $2.7B |
| Polen Capital | 2026-06-30 | 1,649,884 | $236.1M |
| Akre | 2026-06-30 | 1,183,749 | $169.4M |
| Thomas Gayner | 2026-06-30 | 242,389 | $34.7M |

6 tracked managers in all.

## About

Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking such services worldwide. Users can easily book anything from private rooms and primary residences to vacation homes through its online and mobile channels. Originally established as AirBed & Breakfast, Inc. in 2007, the company officially rebranded to Airbnb, Inc. in November 2010. Its corporate headquarters are situated in San Francisco, California.

---

Source: https://sweetvaluelab.com/stocks/abnb (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.