Hotelest (XMAU:HTLS) Cyclically Adjusted PB Ratio: 0.25 (As of Jul. 12, 2026) — 14% Above Median


XMAU:HTLS Hotelest Ltd XMAU:HTLS
68 GF Score
Price MUR15.65
GF Value MUR18.66
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hotelest Cyclically Adjusted PB Ratio?

Hotelest XMAU:HTLS 68 Cyclically Adjusted PB Ratio is 0.25 as of Jul. 12, 2026, which is 14% above its 10-year median of 0.22. GuruFocus rates XMAU:HTLS with a GF Score™ of 68/100 and a GF Value™ of MUR18.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 652 Travel & Leisure companies, Hotelest ranks better than 88.04% on this metric.

As of today (2026-07-12), Hotelest's current share price is MUR15.65. Hotelest's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was MUR61.74. Hotelest's Cyclically Adjusted PB Ratio for today is 0.25.

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

XMAU:HTLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.22   Max: 0.25
Current: 0.25

During the past 10 years, Hotelest's highest Cyclically Adjusted PB Ratio was 0.25. The lowest was 0.21. And the median was 0.22.

XMAU:HTLS's Cyclically Adjusted PB Ratio is ranked better than
88.04% of 652 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs XMAU:HTLS: 0.25

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.

Hotelest's adjusted book value per share data of for the fiscal year that ended in Dec25 was MUR50.563. 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 MUR61.74 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hotelest  (XMAU:HTLS) 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.


Hotelest Cyclically Adjusted PB Ratio Related Terms


Hotelest Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hotelest'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.

Hotelest Cyclically Adjusted PB Ratio Chart

Hotelest 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 0.00 0.00 0.00 0.22

Hotelest 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 0.00 0.00 0.00 0.22 0.00

XMAU:HTLS vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Hotelest'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.


Hotelest Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


XMAU:HTLS
68GF Score
Hotelest Ltd XMAU:HTLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotelest 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.

Hotelest's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.65/61.74
=0.25

* 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.

Hotelest's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Hotelest's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=50.563/324.0540*324.0540
=50.563

Current CPI (Dec25) = 324.0540.

Hotelest Annual Data

Book Value per Share CPI Adj_Book
201612 40.454 241.432 54.298
201712 51.551 246.524 67.763
201812 55.070 251.233 71.032
201912 54.461 256.974 68.677
202012 43.859 260.474 54.565
202112 49.157 278.802 57.136
202212 57.669 296.797 62.965
202312 61.595 306.746 65.070
202412 63.626 315.605 65.329
202512 50.563 324.054 50.563

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 0.25 mean?
Hotelest (XMAU:HTLS) has a Cyclically Adjusted PB Ratio of 0.25 as of Jul. 12, 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 Hotelest and its competitors. This is 14% above median its historical median of 0.22. Over the past decade, Hotelest's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.25. According to the industry distribution chart, Hotelest ranks #78 out of 652 companies in the Travel & Leisure industry, placing it in the top 12%.
Is Hotelest's Cyclically Adjusted PB Ratio too high?
Hotelest's current Cyclically Adjusted PB Ratio of 0.25 is 14% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.25. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Hotelest's value of 0.25 is 79.7% below this industry median. Based on the distribution chart, Hotelest ranks #78 out of 652 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Hotelest has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotelest's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Hotelest ranks #78 out of 652 companies for Cyclically Adjusted PB Ratio. This places Hotelest in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.23. Hotelest's value of 0.25 is 79.7% below this benchmark. Historically, Hotelest's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.25 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.23, Hotelest 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 1.23, based on 652 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. Hotelest's current Cyclically Adjusted PB Ratio of 0.25 is 79.7% 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 Hotelest and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotelest's current Cyclically Adjusted PB Ratio is 0.25, which is 14% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotelest stock overvalued right now?
Based on GuruFocus' analysis, Hotelest (XMAU:HTLS) is currently considered Modestly Undervalued. The stock's GF Value™ is MUR18.66, compared to a current price of MUR15.65 — trading 16.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 14% above median its 10-year median of 0.22 and 79.7% below the Travel & Leisure industry median of 1.23. Hotelest's overall GF Score™ is 68/100 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 Hotelest (XMAU:HTLS), the current Cyclically Adjusted PB Ratio is 0.25 as of Jul. 12, 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 Hotelest (XMAU:HTLS) Overvalued in 2026?

Based on GuruFocus' analysis, Hotelest stock appears to be undervalued. The current stock price of MUR15.65 is trading 16.1% below its estimated GF Value™ of MUR18.66. GuruFocus considers Hotelest to be Modestly Undervalued.

Key valuation signals for XMAU:HTLS:

  • Cyclically Adjusted PB Ratio: 0.25 (14% above median its 10-year median of 0.22)
  • GF Value™: MUR18.66 vs. price of MUR15.65 (16.1% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 79.7% below the Travel & Leisure median (#78 of 652)

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


Hotelest Business Description

Address La Maison 1794, Constance, Centre de Flacq, MUS, 40609
Hotelest Ltd principal activity is to hold investment in Constance Hotels Services Limited. The company has presence in Mauritius, and Maldives. The company generates majority of revenue from Mauritius.
68GF Score

Get the complete analysis for XMAU:HTLS

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

MUR15.65
Price
MUR18.66
GF Value