HBG Hotels (BOM:537839) Cyclically Adjusted PS Ratio: 5.08 (As of Aug. 16, 2026) — 31% Below Median

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BOM:537839 HBG Hotels Ltd BOM:537839
69 GF Score
Price ₹87.68
GF Value ₹96.41
Valuation Fairly Valued
! 8 Warning Signs
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What is HBG Hotels Cyclically Adjusted PS Ratio?

HBG Hotels BOM:537839 +2.96% 69 Cyclically Adjusted PS Ratio is 5.08 as of Aug. 16, 2026, which is 31% below its 10-year median of 7.41. GuruFocus rates BOM:537839 with a GF Score™ of 69/100 and a GF Value™ of ₹96.41 (Fairly Valued). The stock has 8 warning signs investors should review. Among 672 Travel & Leisure companies, HBG Hotels ranks worse than 86.16% on this metric.

As of today (2026-08-16), HBG Hotels's current share price is ₹87.68. HBG Hotels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹17.27. HBG Hotels's Cyclically Adjusted PS Ratio for today is 5.08.

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

BOM:537839' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.07   Med: 7.41   Max: 17.92
Current: 5.08

During the past years, HBG Hotels's highest Cyclically Adjusted PS Ratio was 17.92. The lowest was 4.07. And the median was 7.41.

BOM:537839's Cyclically Adjusted PS Ratio is ranked worse than
86.16% of 672 companies
in the Travel & Leisure industry
Industry Median: 1.33 vs BOM:537839: 5.08

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

HBG Hotels's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹4.180. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹17.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HBG Hotels  (BOM:537839) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


HBG Hotels Cyclically Adjusted PS Ratio Related Terms


HBG Hotels Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HBG Hotels's Cyclically Adjusted PS 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.

HBG Hotels Cyclically Adjusted PS Ratio Chart

HBG Hotels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 5.71 15.20 4.17

HBG Hotels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 15.20 12.14 9.58 7.18 4.17

BOM:537839 vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, HBG Hotels's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


HBG Hotels Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where HBG Hotels's Cyclically Adjusted PS Ratio falls into.


BOM:537839
69GF Score
HBG Hotels Ltd BOM:537839
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HBG Hotels Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

HBG Hotels's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=87.68/17.27
=5.08

* 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.

HBG Hotels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, HBG Hotels's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.18/164.2724*164.2724
=4.180

Current CPI (Mar. 2026) = 164.2724.

HBG Hotels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.137 105.961 3.313
201609 1.726 105.961 2.676
201612 3.283 105.196 5.127
201703 3.080 105.196 4.810
201706 2.586 107.109 3.966
201709 2.272 109.021 3.423
201712 3.978 109.404 5.973
201803 3.888 109.786 5.818
201806 3.017 111.317 4.452
201809 2.688 115.142 3.835
201812 4.416 115.142 6.300
201903 4.198 118.202 5.834
201906 2.997 120.880 4.073
201909 2.665 123.175 3.554
201912 4.582 126.235 5.963
202003 3.934 124.705 5.182
202006 0.394 127.000 0.510
202009 0.170 130.118 0.215
202012 2.266 130.889 2.844
202103 3.835 131.771 4.781
202106 0.823 134.084 1.008
202109 1.725 135.847 2.086
202112 5.116 138.161 6.083
202203 3.686 138.822 4.362
202206 4.161 142.347 4.802
202209 3.290 144.661 3.736
202212 5.676 145.763 6.397
202303 5.339 146.865 5.972
202306 4.794 150.280 5.240
202309 3.561 151.492 3.861
202312 5.672 152.924 6.093
202403 5.627 153.035 6.040
202406 4.509 155.789 4.755
202409 3.759 157.882 3.911
202412 6.003 158.323 6.229
202503 5.026 157.552 5.240
202506 3.108 159.755 3.196
202509 2.469 162.289 2.499
202512 4.293 163.281 4.319
202603 4.180 164.272 4.180

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 5.08 mean?
HBG Hotels (BOM:537839) has a Cyclically Adjusted PS Ratio of 5.08 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HBG Hotels and its competitors. This is 31% below median its historical median of 7.41. Over the past decade, HBG Hotels' Cyclically Adjusted PS Ratio has ranged from 4.07 to 17.92. According to the industry distribution chart, HBG Hotels ranks #579 out of 672 companies in the Travel & Leisure industry, placing it in the top 86.2%.
Is HBG Hotels' Cyclically Adjusted PS Ratio too high?
HBG Hotels' current Cyclically Adjusted PS Ratio of 5.08 is 31% below median its 10-year median of 7.41. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 17.92. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.33. HBG Hotels' value of 5.08 is 282% above this industry median. Based on the distribution chart, HBG Hotels ranks #579 out of 672 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, HBG Hotels has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HBG Hotels' Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, HBG Hotels ranks #579 out of 672 companies for Cyclically Adjusted PS Ratio. This places HBG Hotels in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.33. HBG Hotels' value of 5.08 is 282% above this benchmark. Historically, HBG Hotels' own Cyclically Adjusted PS Ratio has ranged from 4.07 to 17.92 over the past decade. While the company's 10-year median is 7.41 vs. the industry median of 1.33, HBG Hotels 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 PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.33, based on 672 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBG Hotels's current Cyclically Adjusted PS Ratio of 5.08 is 282% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HBG Hotels and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBG Hotels's current Cyclically Adjusted PS Ratio is 5.08, which is 31% below median its own 10-year median of 7.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBG Hotels stock overvalued right now?
Based on GuruFocus' analysis, HBG Hotels (BOM:537839) is currently considered Fairly Valued. The stock's GF Value™ is ₹96.41, compared to a current price of ₹87.68 — trading 9.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.08, which is 31% below median its 10-year median of 7.41 and 282% above the Travel & Leisure industry median of 1.33. HBG Hotels' overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For HBG Hotels (BOM:537839), the current Cyclically Adjusted PS Ratio is 5.08 as of Aug. 16, 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 HBG Hotels (BOM:537839) Overvalued in 2026?

Based on GuruFocus' analysis, HBG Hotels stock appears to be undervalued. The current stock price of ₹87.68 is trading 9.1% below its estimated GF Value™ of ₹96.41. GuruFocus considers HBG Hotels to be Fairly Valued.

Key valuation signals for BOM:537839:

  • Cyclically Adjusted PS Ratio: 5.08 (31% below median its 10-year median of 7.41)
  • GF Value™: ₹96.41 vs. price of ₹87.68 (9.1% below fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 282% above the Travel & Leisure median (#579 of 672)

No single metric tells the full story. See the BOM:537839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HBG Hotels Business Description

Address 14, BEST Marg, Hede House, 2nd Floor, Colaba, Mumbai, MH, IND, 400 001
HBG Hotels Ltd is a hospitality company. It develops and owns hotels and Resorts in association with hotel management chains.
69GF Score

Get the complete analysis for BOM:537839

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

₹87.68
Price
₹96.41
GF Value