PPHE Hotel Group (FRA:32P) Cyclically Adjusted PS Ratio: 1.82 (As of Jul. 25, 2026) — 13% Below Median

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FRA:32P PPHE Hotel Group Ltd FRA:32P
76 GF Score
Price €17.60
GF Value €16.48
Valuation Fairly Valued
! 7 Warning Signs
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What is PPHE Hotel Group Cyclically Adjusted PS Ratio?

PPHE Hotel Group FRA:32P -1.12% 76 Cyclically Adjusted PS Ratio is 1.82 as of Jul. 25, 2026, which is 13% below its 10-year median of 2.08. GuruFocus rates FRA:32P with a GF Score™ of 76/100 and a GF Value™ of €16.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 670 Travel & Leisure companies, PPHE Hotel Group ranks worse than 60.75% on this metric.

As of today (2026-07-25), PPHE Hotel Group's current share price is €17.60. PPHE Hotel Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €9.65. PPHE Hotel Group's Cyclically Adjusted PS Ratio for today is 1.82.

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

FRA:32P' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.08   Max: 3.66
Current: 1.81

During the past 13 years, PPHE Hotel Group's highest Cyclically Adjusted PS Ratio was 3.66. The lowest was 1.44. And the median was 2.08.

FRA:32P's Cyclically Adjusted PS Ratio is ranked worse than
60.75% of 670 companies
in the Travel & Leisure industry
Industry Median: 1.28 vs FRA:32P: 1.81

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.

PPHE Hotel Group's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €12.612. 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 €9.65 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PPHE Hotel Group  (FRA:32P) 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.


PPHE Hotel Group Cyclically Adjusted PS Ratio Related Terms


PPHE Hotel Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PPHE Hotel Group'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.

PPHE Hotel Group Cyclically Adjusted PS Ratio Chart

PPHE Hotel Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 1.79 1.61 1.73 2.05

PPHE Hotel Group 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 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 1.61 0.00 1.73 0.00 2.05

FRA:32P vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, PPHE Hotel Group'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.


PPHE Hotel Group Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where PPHE Hotel Group's Cyclically Adjusted PS Ratio falls into.


FRA:32P
76GF Score
PPHE Hotel Group Ltd FRA:32P
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PPHE Hotel Group 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.

PPHE Hotel Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.60/9.65
=1.82

* 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.

PPHE Hotel Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PPHE Hotel Group's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=12.612/135.2700*135.2700
=12.612

Current CPI (Dec25) = 135.2700.

PPHE Hotel Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 7.646 100.710 10.270
201712 8.690 101.970 11.528
201812 8.935 103.970 11.625
201912 9.953 106.800 12.606
202012 2.648 107.850 3.321
202112 3.911 114.010 4.640
202212 8.926 124.940 9.664
202312 11.313 126.450 12.102
202412 12.584 131.630 12.932
202512 12.612 135.270 12.612

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 1.82 mean?
PPHE Hotel Group (FRA:32P) has a Cyclically Adjusted PS Ratio of 1.82 as of Jul. 25, 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 PPHE Hotel Group and its competitors. This is 13% below median its historical median of 2.08. Over the past decade, PPHE Hotel Group's Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.66. According to the industry distribution chart, PPHE Hotel Group ranks #407 out of 670 companies in the Travel & Leisure industry, placing it in the top 60.7%.
Is PPHE Hotel Group's Cyclically Adjusted PS Ratio too high?
PPHE Hotel Group's current Cyclically Adjusted PS Ratio of 1.82 is 13% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 3.66. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. PPHE Hotel Group's value of 1.82 is 42.2% above this industry median. Based on the distribution chart, PPHE Hotel Group ranks #407 out of 670 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, PPHE Hotel Group has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PPHE Hotel Group's Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PPHE Hotel Group ranks #407 out of 670 companies for Cyclically Adjusted PS Ratio. This places PPHE Hotel Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. PPHE Hotel Group's value of 1.82 is 42.2% above this benchmark. Historically, PPHE Hotel Group's own Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.66 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.28, PPHE Hotel 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 PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.28, based on 670 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. PPHE Hotel Group's current Cyclically Adjusted PS Ratio of 1.82 is 42.2% 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 PPHE Hotel Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPHE Hotel Group's current Cyclically Adjusted PS Ratio is 1.82, which is 13% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPHE Hotel Group stock overvalued right now?
Based on GuruFocus' analysis, PPHE Hotel Group (FRA:32P) is currently considered Fairly Valued. The stock's GF Value™ is €16.48, compared to a current price of €17.60 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.82, which is 13% below median its 10-year median of 2.08 and 42.2% above the Travel & Leisure industry median of 1.28. PPHE Hotel Group's overall GF Score™ is 76/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PPHE Hotel Group (FRA:32P), the current Cyclically Adjusted PS Ratio is 1.82 as of Jul. 25, 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 PPHE Hotel Group (FRA:32P) Overvalued in 2026?

Based on GuruFocus' analysis, PPHE Hotel Group stock appears to be overvalued. The current stock price of €17.60 is trading 6.8% above its estimated GF Value™ of €16.48. GuruFocus considers PPHE Hotel Group to be Fairly Valued.

Key valuation signals for FRA:32P:

  • Cyclically Adjusted PS Ratio: 1.82 (13% below median its 10-year median of 2.08)
  • GF Value™: €16.48 vs. price of €17.60 (6.8% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 42.2% above the Travel & Leisure median (#407 of 670)

No single metric tells the full story. See the FRA:32P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PPHE Hotel Group Business Description

Other Exchanges PPHl:UKPPH:UK
Address Radarweg 60, Motion Building, 9th Floor, Amsterdam, NH, NLD, 1043 NT
PPHE Hotel Group Ltd is an international hospitality real estate company, with a portfolio of freehold and long leasehold assets in Europe. The company owns, co-owns, develops, leases, operates, and franchises hospitality real estate. Its focus is full-service upscale, upper upscale, and lifestyle hotels in gateway cities and regional centers, as well as hotel, resort, and campsite properties in select resort destinations. The group's activities are divided into two segments Owned Hotel Operations segment and the Management Central services segment. Owned Hotel Operations are further divided into four reportable segments which are the Netherlands, Germany, Croatia, and the United Kingdom. Other include individual hotels in Hungary, Serbia, Italy, and Austria.
76GF Score

Get the complete analysis for FRA:32P

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

€17.60
Price
€16.48
GF Value