City Lodge Hotels (JSE:CLH) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 30, 2026) — 11% Below Median

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JSE:CLH City Lodge Hotels Ltd JSE:CLH
58 GF Score
Price R4.30
GF Value R5.96
Valuation Modestly Undervalued
! 4 Warning Signs
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What is City Lodge Hotels Cyclically Adjusted PB Ratio?

City Lodge Hotels JSE:CLH +0.94% 58 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 30, 2026, which is 11% below its 10-year median of 1.18. GuruFocus rates JSE:CLH with a GF Score™ of 58/100 and a GF Value™ of R5.96 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 643 Travel & Leisure companies, City Lodge Hotels ranks better than 55.37% on this metric.

As of today (2026-07-30), City Lodge Hotels's current share price is R4.30. City Lodge Hotels's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was R4.09. City Lodge Hotels's Cyclically Adjusted PB Ratio for today is 1.05.

The historical rank and industry rank for City Lodge Hotels's Cyclically Adjusted PB Ratio or its related term are showing as below:

JSE:CLH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.18   Max: 11.89
Current: 1.04

During the past 13 years, City Lodge Hotels's highest Cyclically Adjusted PB Ratio was 11.89. The lowest was 0.63. And the median was 1.18.

JSE:CLH's Cyclically Adjusted PB Ratio is ranked better than
55.37% of 643 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs JSE:CLH: 1.04

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.

City Lodge Hotels's adjusted book value per share data of for the fiscal year that ended in Jun25 was R2.304. 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 R4.09 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


City Lodge Hotels  (JSE:CLH) 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.


City Lodge Hotels Cyclically Adjusted PB Ratio Related Terms


City Lodge Hotels Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for City Lodge Hotels'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.

City Lodge Hotels Cyclically Adjusted PB Ratio Chart

City Lodge Hotels Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.94 1.16 1.01 0.96

City Lodge Hotels Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 1.01 0.00 0.96 0.00

JSE:CLH vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, City Lodge Hotels'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.


City Lodge Hotels Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where City Lodge Hotels's Cyclically Adjusted PB Ratio falls into.


JSE:CLH
58GF Score
City Lodge Hotels Ltd JSE:CLH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

City Lodge Hotels 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.

City Lodge Hotels's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.30/4.09
=1.05

* 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.

City Lodge Hotels's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, City Lodge Hotels's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=2.304/160.9852*160.9852
=2.304

Current CPI (Jun25) = 160.9852.

City Lodge Hotels Annual Data

Book Value per Share CPI Adj_Book
201606 4.128 106.713 6.227
201706 4.407 112.054 6.331
201806 4.990 116.959 6.868
201906 5.220 122.191 6.877
202006 3.185 124.807 4.108
202106 1.638 131.113 2.011
202206 1.698 140.835 1.941
202306 1.946 148.802 2.105
202406 2.085 156.269 2.148
202506 2.304 160.985 2.304

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.

What does a Cyclically Adjusted PB Ratio of 1.05 mean?
City Lodge Hotels (JSE:CLH) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 30, 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 City Lodge Hotels and its competitors. This is 11% below median its historical median of 1.18. Over the past decade, City Lodge Hotels' Cyclically Adjusted PB Ratio has ranged from 0.63 to 11.89. According to the industry distribution chart, City Lodge Hotels ranks #287 out of 643 companies in the Travel & Leisure industry, placing it in the top 44.6%.
Is City Lodge Hotels' Cyclically Adjusted PB Ratio too high?
City Lodge Hotels' current Cyclically Adjusted PB Ratio of 1.05 is 11% below median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 11.89. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. City Lodge Hotels' value of 1.05 is 13.2% below this industry median. Based on the distribution chart, City Lodge Hotels ranks #287 out of 643 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, City Lodge Hotels has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does City Lodge Hotels' Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, City Lodge Hotels ranks #287 out of 643 companies for Cyclically Adjusted PB Ratio. This puts City Lodge Hotels in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. City Lodge Hotels' value of 1.05 is 13.2% below this benchmark. Historically, City Lodge Hotels' own Cyclically Adjusted PB Ratio has ranged from 0.63 to 11.89 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.21, City Lodge Hotels has consistently been below 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 1.21, based on 643 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. City Lodge Hotels's current Cyclically Adjusted PB Ratio of 1.05 is 13.2% below 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 City Lodge Hotels and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. City Lodge Hotels's current Cyclically Adjusted PB Ratio is 1.05, which is 11% below median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Lodge Hotels stock overvalued right now?
Based on GuruFocus' analysis, City Lodge Hotels (JSE:CLH) is currently considered Modestly Undervalued. The stock's GF Value™ is R5.96, compared to a current price of R4.30 — trading 27.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 11% below median its 10-year median of 1.18 and 13.2% below the Travel & Leisure industry median of 1.21. City Lodge Hotels' overall GF Score™ is 58/100 with 4 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 City Lodge Hotels (JSE:CLH), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 30, 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 City Lodge Hotels (JSE:CLH) Overvalued in 2026?

Based on GuruFocus' analysis, City Lodge Hotels stock appears to be undervalued. The current stock price of R4.30 is trading 27.9% below its estimated GF Value™ of R5.96. GuruFocus considers City Lodge Hotels to be Modestly Undervalued.

Key valuation signals for JSE:CLH:

  • Cyclically Adjusted PB Ratio: 1.05 (11% below median its 10-year median of 1.18)
  • GF Value™: R5.96 vs. price of R4.30 (27.9% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 13.2% below the Travel & Leisure median (#287 of 643)

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


City Lodge Hotels Business Description

Other Exchanges CTYLF:USA
Address Corner Homestead Avenue and Main Road, The Lodge, Bryanston Gate Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
City Lodge Hotels Ltd is a provider of lodging facilities in South Africa. The company's operating segment includes City Lodge; Town Lodge; Road Lodge; Courtyard Hotel; and the rest of Africa. It generates maximum revenue from the City Lodge segment.
58GF Score

Get the complete analysis for JSE:CLH

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

R4.30
Price
R5.96
GF Value