H World Group (MEX:HTHTN) Cyclically Adjusted PB Ratio: 4.73 (As of Aug. 11, 2026) — 10% Above Median

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MEX:HTHTN H World Group Ltd MEX:HTHTN
64 GF Score
Price MXN577.00
GF Value MXN616.96
! 1 Warning Sign
View Full Analysis

What is H World Group Cyclically Adjusted PB Ratio?

H World Group MEX:HTHTN 64 Cyclically Adjusted PB Ratio is 4.73 as of Aug. 11, 2026, which is 10% above its 10-year median of 4.29. GuruFocus rates MEX:HTHTN with a GF Score™ of 64/100 and a GF Value™ of MXN616.96. The stock has 1 warning sign investors should review. Among 642 Travel & Leisure companies, H World Group ranks worse than 83.18% on this metric.

As of today (2026-08-11), H World Group's current share price is MXN577.00. H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN122.08. H World Group's Cyclically Adjusted PB Ratio for today is 4.73.

The historical rank and industry rank for H World Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:HTHTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.82   Med: 4.29   Max: 19.6
Current: 4.04

During the past years, H World Group's highest Cyclically Adjusted PB Ratio was 19.60. The lowest was 2.82. And the median was 4.29.

MEX:HTHTN's Cyclically Adjusted PB Ratio is ranked worse than
83.18% of 642 companies
in the Travel & Leisure industry
Industry Median: 1.195 vs MEX:HTHTN: 4.04

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.

H World Group's adjusted book value per share data for the three months ended in Mar. 2026 was MXN93.138. 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 MXN122.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H World Group  (MEX:HTHTN) 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.


H World Group Cyclically Adjusted PB Ratio Related Terms


H World Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H World 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.

H World Group Cyclically Adjusted PB Ratio Chart

H World Group 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 4.10 4.46 3.40 3.25 4.46

H World Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.61 3.29 3.75 4.46 4.73

MEX:HTHTN vs H, WH, CHH: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, H World 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.


H World Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where H World Group's Cyclically Adjusted PB Ratio falls into.


MEX:HTHTN
64GF Score
H World Group Ltd MEX:HTHTN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H World 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.

H World Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=577.00/122.08
=4.73

* 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.

H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, H World Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=93.138/116.3033*116.3033
=93.138

Current CPI (Mar. 2026) = 116.3033.

H World Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 48.710 101.400 55.869
201609 54.684 102.400 62.109
201612 57.811 102.600 65.532
201703 54.767 103.200 61.721
201706 57.340 103.100 64.683
201709 61.164 104.100 68.334
201712 63.457 104.500 70.624
201803 63.830 105.300 70.500
201806 69.523 104.900 77.081
201809 69.440 106.600 75.761
201812 62.212 106.500 67.939
201903 62.875 107.700 67.898
201906 66.111 107.700 71.392
201909 69.172 109.800 73.269
201912 66.961 111.200 70.034
202003 5,607.895 112.300 5,807.807
202006 51.971 110.400 54.750
202009 100.737 111.700 104.889
202012 107.278 111.500 111.899
202103 107.902 112.662 111.390
202106 110.009 111.769 114.472
202109 112.164 112.215 116.250
202112 109.206 113.108 112.291
202203 94.747 114.335 96.378
202206 87.404 114.558 88.736
202209 79.997 115.339 80.666
202212 78.429 115.116 79.238
202303 96.433 115.116 97.428
202306 97.635 114.558 99.123
202309 108.483 115.339 109.390
202312 91.319 114.781 92.530
202403 90.157 115.227 90.999
202406 101.403 114.781 102.748
202409 109.470 115.785 109.960
202412 113.107 114.893 114.496
202503 96.494 115.116 97.490
202506 103.582 114.907 104.840
202509 99.602 115.471 100.320
202512 106.569 115.832 107.002
202603 93.138 116.303 93.138

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 4.73 mean?
H World Group (MEX:HTHTN) has a Cyclically Adjusted PB Ratio of 4.73 as of Aug. 11, 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 H World Group and its competitors. This is 10% above median its historical median of 4.29. Over the past decade, H World Group's Cyclically Adjusted PB Ratio has ranged from 2.82 to 19.60. According to the industry distribution chart, H World Group ranks #534 out of 642 companies in the Travel & Leisure industry, placing it in the top 83.2%.
Is H World Group's Cyclically Adjusted PB Ratio too high?
H World Group's current Cyclically Adjusted PB Ratio of 4.73 is 10% above median its 10-year median of 4.29. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 19.60. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. H World Group's value of 4.73 is 295.8% above this industry median. Based on the distribution chart, H World Group ranks #534 out of 642 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, H World Group has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does H World Group's Cyclically Adjusted PB Ratio compare to H and WH?
According to the Travel & Leisure industry distribution chart, H World Group ranks #534 out of 642 companies for Cyclically Adjusted PB Ratio. This places H World Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. H World Group's value of 4.73 is 295.8% above this benchmark. Historically, H World Group's own Cyclically Adjusted PB Ratio has ranged from 2.82 to 19.60 over the past decade. While the company's 10-year median is 4.29 vs. the industry median of 1.20, H World 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 642 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. H World Group's current Cyclically Adjusted PB Ratio of 4.73 is 295.8% 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 H World 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. H World Group's current Cyclically Adjusted PB Ratio is 4.73, which is 10% above median its own 10-year median of 4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H World Group stock overvalued right now?
H World Group (MEX:HTHTN) has a current Cyclically Adjusted PB Ratio of 4.73. The stock's GF Value™ is MXN616.96, compared to a current price of MXN577.00 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.73, which is 10% above median its 10-year median of 4.29 and 295.8% above the Travel & Leisure industry median of 1.20. H World Group's overall GF Score™ is 64/100 with 1 warning sign 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 H World Group (MEX:HTHTN), the current Cyclically Adjusted PB Ratio is 4.73 as of Aug. 11, 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 H World Group (MEX:HTHTN) Overvalued in 2026?

Based on GuruFocus' analysis, H World Group stock appears to be undervalued. The current stock price of MXN577.00 is trading 6.5% below its estimated GF Value™ of MXN616.96.

Key valuation signals for MEX:HTHTN:

  • Cyclically Adjusted PB Ratio: 4.73 (10% above median its 10-year median of 4.29)
  • GF Value™: MXN616.96 vs. price of MXN577.00 (6.5% below fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 295.8% above the Travel & Leisure median (#534 of 642)

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


H World Group Business Description

Address No. 1299 Fenghua Road, Jiading District, Shanghai, CHN, 201803
H World Group Ltd a foremost, fast-growing multi-brand hotel group with international operations. The principal business activities of the Company are to develop and operate leased and owned, manachised and franchised hotels mainly in the PRC or PRC Mainland. The Group has two operating segments which are legacy Huazhu and legacy DH according to the way management intends to evaluate results and allocate resources within the Group. The majority of revenue comes from legacy Huazhu. The company has presence in Greater China and also Outside Greater China.
64GF Score

Get the complete analysis for MEX:HTHTN

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

MXN577.00
Price
MXN616.96
GF Value