HLT (Hilton Worldwide Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HLT Hilton Worldwide Holdings Inc HLT
86 GF Score
Price $320.49
GF Value $298.25
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Hilton Worldwide Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hilton Worldwide Holdings  (NYSE:HLT) 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.


Hilton Worldwide Holdings Cyclically Adjusted PB Ratio Related Terms


Hilton Worldwide Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hilton Worldwide Holdings'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.

Hilton Worldwide Holdings Cyclically Adjusted PB Ratio Chart

Hilton Worldwide Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 18.42 35.22 120.04 0.00

Hilton Worldwide Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,804.35 0.00 0.00 0.00 0.00

HLT vs MAR, H, HTHT: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Hilton Worldwide Holdings'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.


Hilton Worldwide Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hilton Worldwide Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hilton Worldwide Holdings's Cyclically Adjusted PB Ratio falls into.


HLT
86GF Score
Hilton Worldwide Holdings Inc HLT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hilton Worldwide Holdings 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.

Hilton Worldwide Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hilton Worldwide Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-27.927/333.9520*333.9520
=-27.927

Current CPI (Jun. 2026) = 333.9520.

Hilton Worldwide Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.750 241.428 27.319
201612 17.911 241.432 24.775
201703 4.848 243.801 6.641
201706 4.658 244.955 6.350
201709 4.509 246.819 6.101
201712 5.318 246.524 7.204
201803 5.497 249.554 7.356
201806 1.859 251.989 2.464
201809 1.933 252.439 2.557
201812 1.869 251.233 2.484
201903 0.343 254.202 0.451
201906 -0.104 256.143 -0.136
201909 -0.734 256.759 -0.955
201912 -1.728 256.974 -2.246
202003 -3.298 258.115 -4.267
202006 -4.684 257.797 -6.068
202009 -4.772 260.280 -6.123
202012 -5.368 260.474 -6.882
202103 -5.827 264.877 -7.347
202106 -5.085 271.696 -6.250
202109 -4.047 274.310 -4.927
202112 -2.942 278.802 -3.524
202203 -2.502 287.504 -2.906
202206 -2.864 296.311 -3.228
202209 -3.362 296.808 -3.783
202212 -4.114 296.797 -4.629
202303 -5.350 301.836 -5.919
202306 -5.455 305.109 -5.971
202309 -6.837 307.789 -7.418
202312 -9.310 306.746 -10.136
202403 -11.285 312.332 -12.066
202406 -12.575 314.175 -13.367
202409 -14.186 315.301 -15.025
202412 -15.413 315.605 -16.309
202503 -18.334 319.799 -19.145
202506 -19.467 322.561 -20.154
202509 -21.162 324.800 -21.758
202512 -23.382 324.054 -24.096
202603 -25.862 330.213 -26.155
202606 -27.927 333.952 -27.927

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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.

Is Hilton Worldwide Holdings (HLT) Overvalued in 2026?

Based on GuruFocus' analysis, Hilton Worldwide Holdings stock appears to be overvalued. The current stock price of $320.49 is trading 7.5% above its estimated GF Value™ of $298.25. GuruFocus considers Hilton Worldwide Holdings to be Fairly Valued.

Key valuation signals for HLT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $298.25 vs. price of $320.49 (7.5% above fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the HLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hilton Worldwide Holdings Business Description

Address 7930 Jones Branch Drive, Suite 1100, McLean, VA, USA, 22102
Hilton Worldwide Holdings operates 1.36 million rooms across its 27 brands, serving the premium economy through luxury segments. Hampton and Hilton are the two largest brands, representing 27% and 18%, respectively, of the company's total rooms, as of Dec. 31, 2025. Recent brands launched over the past few years include Home2, Curio, Canopy, Spark, Tru, Tempo, LivSmart, and Outset. Additionally, there is a partnership with Small Luxury Hotels of the World and acquisitions of NoMad and Graduate Hotels. Managed and franchised hotels represent the vast majority of adjusted EBITDA, predominantly from the Americas.
86GF Score

Get the complete analysis for HLT

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$320.49
Price
$298.25
GF Value