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PPHE Hotel GroupFRA:32P -1.12%76 Cyclically Adjusted PB Ratio is 1.75 as of Jul. 25, 2026, which is 3% below its 10-year median of 1.81. GuruFocus rates FRA:32P with a GF Score™ of 76/100 and a GF Value™ of €16.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 646 Travel & Leisure companies, PPHE Hotel Group ranks worse than 62.07% on this metric.
The historical rank and industry rank for PPHE Hotel Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:32P'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18 Med: 1.81 Max: 3.16
Current: 1.73
During the past 13 years, PPHE Hotel Group's highest Cyclically Adjusted PB Ratio was 3.16. The lowest was 1.18. And the median was 1.81.
FRA:32P's Cyclically Adjusted PB Ratio is ranked worse than 62.07% of 646
companies
in the Travel & Leisure industry
Industry Median: 1.2
vs FRA:32P: 1.73
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
PPHE Hotel Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was €8.780. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €10.07 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
PPHE Hotel Group (FRA:32P) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
PPHE Hotel Group Cyclically Adjusted PB Ratio Related Terms
PPHE Hotel Group Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for PPHE Hotel Group's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PPHE Hotel Group Cyclically Adjusted PB Ratio Chart
FRA:32P vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison
For the Lodging subindustry, PPHE Hotel Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PPHE Hotel Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PPHE Hotel Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PPHE Hotel Group's Cyclically Adjusted PB Ratio falls into.
PPHE Hotel Group Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
PPHE Hotel Group's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 1.75 mean?
PPHE Hotel Group (FRA:32P) has a Cyclically Adjusted PB Ratio of 1.75 as of Jul. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PPHE Hotel Group and its competitors. This is near median its historical median of 1.81. Over the past decade, PPHE Hotel Group's Cyclically Adjusted PB Ratio has ranged from 1.18 to 3.16. According to the industry distribution chart, PPHE Hotel Group ranks #401 out of 646 companies in the Travel & Leisure industry, placing it in the top 62.1%.
Is PPHE Hotel Group's Cyclically Adjusted PB Ratio too high?
PPHE Hotel Group's current Cyclically Adjusted PB Ratio of 1.75 is near median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 3.16. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. PPHE Hotel Group's value of 1.75 is 45.8% above this industry median. Based on the distribution chart, PPHE Hotel Group ranks #401 out of 646 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, PPHE Hotel Group has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PPHE Hotel Group's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PPHE Hotel Group ranks #401 out of 646 companies for Cyclically Adjusted PB Ratio. This places PPHE Hotel Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. PPHE Hotel Group's value of 1.75 is 45.8% above this benchmark. Historically, PPHE Hotel Group's own Cyclically Adjusted PB Ratio has ranged from 1.18 to 3.16 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.20, PPHE Hotel Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 646 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PPHE Hotel Group's current Cyclically Adjusted PB Ratio of 1.75 is 45.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PPHE Hotel Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPHE Hotel Group's current Cyclically Adjusted PB Ratio is 1.75, which is near median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPHE Hotel Group stock overvalued right now?
Based on GuruFocus' analysis, PPHE Hotel Group (FRA:32P) is currently considered Fairly Valued. The stock's GF Value™ is €16.48, compared to a current price of €17.60 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.75, which is near median its 10-year median of 1.81 and 45.8% above the Travel & Leisure industry median of 1.20. PPHE Hotel Group's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PPHE Hotel Group (FRA:32P), the current Cyclically Adjusted PB Ratio is 1.75 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PPHE Hotel Group (FRA:32P) Overvalued in 2026?
Based on GuruFocus' analysis, PPHE Hotel Group stock appears to be overvalued.
The current stock price of €17.60 is trading 6.8% above its estimated GF Value™ of €16.48.
GuruFocus considers PPHE Hotel Group to be Fairly Valued.
Key valuation signals for FRA:32P:
Cyclically Adjusted PB Ratio: 1.75 (near median its 10-year median of 1.81)
GF Value™: €16.48 vs. price of €17.60 (6.8% above fair value)
Industry Position: 45.8% above the Travel & Leisure median (#401 of 646)
No single metric tells the full story. See the FRA:32P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PPHE Hotel Group Ltd is an international hospitality real estate company, with a portfolio of freehold and long leasehold assets in Europe. The company owns, co-owns, develops, leases, operates, and franchises hospitality real estate. Its focus is full-service upscale, upper upscale, and lifestyle hotels in gateway cities and regional centers, as well as hotel, resort, and campsite properties in select resort destinations. The group's activities are divided into two segments Owned Hotel Operations segment and the Management Central services segment. Owned Hotel Operations are further divided into four reportable segments which are the Netherlands, Germany, Croatia, and the United Kingdom. Other include individual hotels in Hungary, Serbia, Italy, and Austria.
76GF Score
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