HLV (NSE:HLVLTD) Cyclically Adjusted PS Ratio: 1.09 (As of Sep. 15, 2026) — 46% Below Median

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NSE:HLVLTD HLV Ltd NSE:HLVLTD
60 GF Score
Price ₹6.38
GF Value ₹14.25
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is HLV Cyclically Adjusted PS Ratio?

HLV NSE:HLVLTD 60 Cyclically Adjusted PS Ratio is 1.09 as of Sep. 15, 2026, which is 46% below its 10-year median of 2.00. GuruFocus rates NSE:HLVLTD with a GF Score™ of 60/100 and a GF Value™ of ₹14.25 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 675 Travel & Leisure companies, HLV ranks better than 55.85% on this metric.

As of today (2026-09-15), HLV's current share price is ₹6.38. HLV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹5.85. HLV's Cyclically Adjusted PS Ratio for today is 1.09.

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

NSE:HLVLTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2   Max: 5.23
Current: 1.08

During the past years, HLV's highest Cyclically Adjusted PS Ratio was 5.23. The lowest was 0.91. And the median was 2.00.

NSE:HLVLTD's Cyclically Adjusted PS Ratio is ranked better than
55.85% of 675 companies
in the Travel & Leisure industry
Industry Median: 1.3 vs NSE:HLVLTD: 1.08

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.

HLV's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹0.708. 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 ₹5.85 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HLV  (NSE:HLVLTD) 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.


HLV Cyclically Adjusted PS Ratio Related Terms


HLV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HLV'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.

HLV Cyclically Adjusted PS Ratio Chart

HLV 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 0.74 0.86 3.04 1.86 1.20

HLV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.09 1.72 1.36 1.20 1.58

NSE:HLVLTD vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, HLV'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.


HLV Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

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


NSE:HLVLTD
60GF Score
HLV Ltd NSE:HLVLTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HLV 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.

HLV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.38/5.85
=1.09

* 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.

HLV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.708/167.3573*167.3573
=0.708

Current CPI (Jun. 2026) = 167.3573.

HLV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200903 0.000 56.615 0.000
201003 0.000 65.030 0.000
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201812 0.000 115.142 0.000
201906 0.506 120.880 0.701
201909 0.517 123.175 0.702
201912 0.693 126.235 0.919
202003 0.595 124.705 0.799
202006 0.024 127.000 0.032
202009 0.023 130.118 0.030
202012 0.110 130.889 0.141
202103 0.143 131.771 0.182
202106 0.116 134.084 0.145
202109 0.234 135.847 0.288
202112 0.383 138.161 0.464
202203 0.379 138.822 0.457
202206 0.606 142.347 0.712
202209 0.537 144.661 0.621
202212 0.690 145.763 0.792
202303 0.789 146.865 0.899
202306 0.646 150.280 0.719
202309 0.628 151.492 0.694
202312 0.840 152.924 0.919
202403 0.906 153.035 0.991
202406 0.651 155.789 0.699
202409 0.658 157.882 0.697
202412 0.876 158.323 0.926
202503 0.899 157.552 0.955
202506 0.618 159.755 0.647
202509 0.543 162.289 0.560
202512 0.924 163.281 0.947
202603 0.962 164.272 0.980
202606 0.708 167.357 0.708

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 1.09 mean?
HLV (NSE:HLVLTD) has a Cyclically Adjusted PS Ratio of 1.09 as of Sep. 15, 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 HLV and its competitors. This is 46% below median its historical median of 2.00. Over the past decade, HLV's Cyclically Adjusted PS Ratio has ranged from 0.91 to 5.23. According to the industry distribution chart, HLV ranks #298 out of 675 companies in the Travel & Leisure industry, placing it in the top 44.1%.
Is HLV's Cyclically Adjusted PS Ratio too high?
HLV's current Cyclically Adjusted PS Ratio of 1.09 is 46% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 5.23. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. HLV's value of 1.09 is 16.2% below this industry median. Based on the distribution chart, HLV ranks #298 out of 675 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, HLV has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HLV's Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, HLV ranks #298 out of 675 companies for Cyclically Adjusted PS Ratio. This puts HLV in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. HLV's value of 1.09 is 16.2% below this benchmark. Historically, HLV's own Cyclically Adjusted PS Ratio has ranged from 0.91 to 5.23 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 1.30, HLV 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 PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 675 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. HLV's current Cyclically Adjusted PS Ratio of 1.09 is 16.2% 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 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 HLV and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLV's current Cyclically Adjusted PS Ratio is 1.09, which is 46% below median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HLV stock overvalued right now?
Based on GuruFocus' analysis, HLV (NSE:HLVLTD) is currently considered Possible Value Trap. The stock's GF Value™ is ₹14.25, compared to a current price of ₹6.38 — trading 55.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.09, which is 46% below median its 10-year median of 2.00 and 16.2% below the Travel & Leisure industry median of 1.30. HLV's overall GF Score™ is 60/100 with 3 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 HLV (NSE:HLVLTD), the current Cyclically Adjusted PS Ratio is 1.09 as of Sep. 15, 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 HLV (NSE:HLVLTD) Overvalued in 2026?

Based on GuruFocus' analysis, HLV stock appears to be undervalued. The current stock price of ₹6.38 is trading 55.2% below its estimated GF Value™ of ₹14.25. GuruFocus considers HLV to be Possible Value Trap.

Key valuation signals for NSE:HLVLTD:

  • Cyclically Adjusted PS Ratio: 1.09 (46% below median its 10-year median of 2.00)
  • GF Value™: ₹14.25 vs. price of ₹6.38 (55.2% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 16.2% below the Travel & Leisure median (#298 of 675)

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


HLV Business Description

Other Exchanges 500193:India
Address The Leela Mumbai, Sahar, Andheri (East), Mumbai, MH, IND, 400 059
HLV Ltd owns, operates, and manages luxury hotels, palaces, and resorts in India, with a focus on both leisure and business hospitality sectors. Its flagship property includes The Leela Mumbai, a five-star deluxe resort-style business hotel. The company operates several iconic properties such as The Leela Palaces in Goa, Bangalore, and Kovalam, known for high-quality service and luxury experiences. HLV's revenue is generated through room rentals, banquet and conference services, food and beverage, and other hospitality-related services. It continues to develop and manage premium hotel assets in key Indian cities, catering to domestic and international travelers.
60GF Score

Get the complete analysis for NSE:HLVLTD

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

₹6.38
Price
₹14.25
GF Value