I was wrong, I see the IPO filing and notice the total last year's sales were about $80 mln and not $500+ mln. Sorry. So I guess in that case the current market capital of close to $1 bln makes this stock fairly priced or even over valued.
Let's get more accurate. PCLN has a PS ratio, based on current cap and 2010 est rev of 5.
More interesting, CTRP is solidly over 10.
MMYT may be growing fast, we don't know, we just assume. If the ratios stay as they are, ie, low of 5, hi of 10, and their rev for the FY ending next March were to be $150m, ie, a doubling, the mkt cap could range from 750M to 1.5B.