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Lemon Tree HotelsNSE:LEMONTREE +2.25%86 Cyclically Adjusted PS Ratio is 9.98 as of Jul. 28, 2026, which is 4% below its 10-year median of 10.35. GuruFocus rates NSE:LEMONTREE with a GF Score™ of 86/100 and a GF Value™ of ₹181.06 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 671 Travel & Leisure companies, Lemon Tree Hotels ranks worse than 94.19% on this metric.
The historical rank and industry rank for Lemon Tree Hotels's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:LEMONTREE'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.32 Med: 10.35 Max: 14.19
Current: 9.75
During the past years, Lemon Tree Hotels's highest Cyclically Adjusted PS Ratio was 14.19. The lowest was 9.32. And the median was 10.35.
NSE:LEMONTREE's Cyclically Adjusted PS Ratio is ranked worse than 94.19% of 671
companies
in the Travel & Leisure industry
Industry Median: 1.28
vs NSE:LEMONTREE: 9.75
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.
Lemon Tree Hotels's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹5.279. 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 ₹11.20 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Lemon Tree Hotels (NSE:LEMONTREE) 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.
Lemon Tree Hotels Cyclically Adjusted PS Ratio Related Terms
Lemon Tree Hotels Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Lemon Tree 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.
Lemon Tree Hotels Cyclically Adjusted PS Ratio Chart
NSE:LEMONTREE vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison
For the Lodging subindustry, Lemon Tree 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.
Lemon Tree Hotels Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lemon Tree Hotels's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Lemon Tree Hotels's Cyclically Adjusted PS Ratio falls into.
Lemon Tree 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.
Lemon Tree Hotels's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 9.98 mean?
Lemon Tree Hotels (NSE:LEMONTREE) has a Cyclically Adjusted PS Ratio of 9.98 as of Jul. 28, 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 Lemon Tree Hotels and its competitors. This is near median its historical median of 10.35. Over the past decade, Lemon Tree Hotels' Cyclically Adjusted PS Ratio has ranged from 9.32 to 14.19. According to the industry distribution chart, Lemon Tree Hotels ranks #632 out of 671 companies in the Travel & Leisure industry, placing it in the top 94.2%.
Is Lemon Tree Hotels' Cyclically Adjusted PS Ratio too high?
Lemon Tree Hotels' current Cyclically Adjusted PS Ratio of 9.98 is near median its 10-year median of 10.35. Over the past 10 years, this metric has ranged from a low of 9.32 to a high of 14.19. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. Lemon Tree Hotels' value of 9.98 is 679.7% above this industry median. Based on the distribution chart, Lemon Tree Hotels ranks #632 out of 671 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Lemon Tree Hotels has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lemon Tree Hotels' Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Lemon Tree Hotels ranks #632 out of 671 companies for Cyclically Adjusted PS Ratio. This places Lemon Tree Hotels in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Lemon Tree Hotels' value of 9.98 is 679.7% above this benchmark. Historically, Lemon Tree Hotels' own Cyclically Adjusted PS Ratio has ranged from 9.32 to 14.19 over the past decade. While the company's 10-year median is 10.35 vs. the industry median of 1.28, Lemon Tree 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 1.28, based on 671 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. Lemon Tree Hotels's current Cyclically Adjusted PS Ratio of 9.98 is 679.7% 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 Lemon Tree Hotels 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. Lemon Tree Hotels's current Cyclically Adjusted PS Ratio is 9.98, which is near median its own 10-year median of 10.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemon Tree Hotels stock overvalued right now?
Based on GuruFocus' analysis, Lemon Tree Hotels (NSE:LEMONTREE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹181.06, compared to a current price of ₹111.82 — trading 38.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.98, which is near median its 10-year median of 10.35 and 679.7% above the Travel & Leisure industry median of 1.28. Lemon Tree Hotels' overall GF Score™ is 86/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Lemon Tree Hotels (NSE:LEMONTREE), the current Cyclically Adjusted PS Ratio is 9.98 as of Jul. 28, 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 Lemon Tree Hotels (NSE:LEMONTREE) Overvalued in 2026?
Based on GuruFocus' analysis, Lemon Tree Hotels stock appears to be undervalued.
The current stock price of ₹111.82 is trading 38.2% below its estimated GF Value™ of ₹181.06.
GuruFocus considers Lemon Tree Hotels to be Significantly Undervalued.
Key valuation signals for NSE:LEMONTREE:
Cyclically Adjusted PS Ratio: 9.98 (near median its 10-year median of 10.35)
GF Value™: ₹181.06 vs. price of ₹111.82 (38.2% below fair value)
Industry Position: 679.7% above the Travel & Leisure median (#632 of 671)
No single metric tells the full story. See the NSE:LEMONTREE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lemon Tree Hotels Ltd operates hotels across the upscale, upper-midscale, midscale, and economy segments under seven brands catering to varied guest needs. These include Aurika Hotels and Resorts (upscale), Lemon Tree Premier and Keys Prima (upper-midscale), Lemon Tree Hotels and Keys Select (midscale), and Red Fox and Keys Lite (economy). The company generates revenue by owning, leasing, and managing hotels, earning through room rentals and management commissions. Its operations span metro regions and tier cities across India, with international presence in countries like the United Arab Emirates, Bhutan, and Nepal, focusing on delivering differentiated service and value offerings to a broad customer base.
86GF Score
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