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Priceline Stock Too Pricey When Compared to Expedia

Finding cheap airfare or great online travel deals is often one click away. It's an industry pioneered by Priceline Group. (PCLN - Get Report) . But there's nothing cheap about Priceline stock today, which -- at around $1,472 -- is priced at 32 times trailing earnings, or 11 points higher than the S&P 500 (SPX) index. In addition, its stock is priced at twice the average P/E of its peer group (P/E 16), according to Yahoo! Finance.

Headquartered in Norwalk, Conn., Priceline reports third-quarter earnings before the opening bell Monday. Beyond its pricey stock, investors are also risking 30% year-to-date stock gains, including a share price that has soared almost 35% in the past...