Using the PEG framework with analyst consensus forward EPS growth of 18.6%, Airbnb, Inc. has a fair value of $92.42 based on NTM EPS (FY2026) of $4.96. The current PEG ratio is 1.41.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 18.6% |
| Adjusted Growth (clamped 8–25%) | 18.6% |
| Fair P/E | 18.6x |
| NTM EPS (FY2026) | $4.96 |
| Fair Value | $92.42 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $4.03 | — | — |
| FY2026E | $4.96 | +23.1% | 30 |
| FY2027E | $5.76 | +16.0% | 29 |
| FY2028E | $6.72 | +16.7% | 19 |
| FY2029E | $8.13 | +20.9% | 10 |
| FY2030E | $9.47 | +16.5% | 16 |
5Y Forward EPS CAGR: 18.6%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-352.0M | $-0.57 | — |
| FY2022 | $1.9B | $2.79 | — |
| FY2023 | $4.8B | $7.24 | +159.5% |
| FY2024 | $2.6B | $4.11 | -43.2% |
| FY2025 | $2.5B | $4.03 | -1.9% |
4Y Historical EPS CAGR: 38.1%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.