Viceroy Hotels (NSE:VHLTD) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:VHLTD Viceroy Hotels Ltd NSE:VHLTD
58 GF Score
Price ₹128.32
GF Value ₹117.76
Valuation Fairly Valued
! 5 Warning Signs
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What is Viceroy Hotels Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Viceroy Hotels  (NSE:VHLTD) 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.


Viceroy Hotels Cyclically Adjusted PS Ratio Related Terms


Viceroy Hotels Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Viceroy 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.

Viceroy Hotels Cyclically Adjusted PS Ratio Chart

Viceroy 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 0.10 0.08 0.13 0.05 0.07

Viceroy Hotels 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 0.04 0.05 0.06 0.07 0.06

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

For the Lodging subindustry, Viceroy 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.


Viceroy Hotels Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

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


NSE:VHLTD
58GF Score
Viceroy Hotels Ltd NSE:VHLTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Viceroy 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.

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

For example, Viceroy Hotels'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)
=6.266/167.3573*167.3573
=6.266

Current CPI (Jun. 2026) = 167.3573.

Viceroy Hotels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 603.601 105.961 953.341
201612 640.330 105.196 1,018.707
201703 631.841 105.196 1,005.202
201706 579.533 107.109 905.520
201709 620.451 109.021 952.446
201712 597.538 109.404 914.066
201803 616.271 109.786 939.437
201806 533.861 111.317 802.626
201809 619.679 115.142 900.696
201812 636.404 115.142 925.005
201903 660.646 118.202 935.380
201906 611.474 120.880 846.582
201909 581.873 123.175 790.588
201912 581.872 126.235 771.421
202003 466.969 124.705 626.684
202006 48.141 127.000 63.439
202009 92.547 130.118 119.034
202012 254.383 130.889 325.259
202103 311.487 131.771 395.609
202106 132.793 134.084 165.746
202109 317.938 135.847 391.685
202112 471.335 138.161 570.939
202203 404.276 138.822 487.377
202206 624.317 142.347 734.007
202209 436.985 144.661 505.545
202212 584.628 145.763 671.240
202303 653.766 146.865 744.989
202306 503.530 150.280 560.749
202309 556.498 151.492 614.778
202312 5.507 152.924 6.027
202403 5.620 153.035 6.146
202406 3.697 155.789 3.972
202409 4.409 157.882 4.674
202412 5.618 158.323 5.939
202503 4.930 157.552 5.237
202506 3.540 159.755 3.708
202509 4.297 162.289 4.431
202512 5.395 163.281 5.530
202603 6.749 164.272 6.876
202606 6.266 167.357 6.266

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.

Is Viceroy Hotels (NSE:VHLTD) Overvalued in 2026?

Based on GuruFocus' analysis, Viceroy Hotels stock appears to be overvalued. The current stock price of ₹128.32 is trading 9% above its estimated GF Value™ of ₹117.76. GuruFocus considers Viceroy Hotels to be Fairly Valued.

Key valuation signals for NSE:VHLTD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹117.76 vs. price of ₹128.32 (9% above fair value)
  • GF Score™: 58/100 with 5 warning signs

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


Viceroy Hotels Business Description

Other Exchanges 523796:India
Address 1-3-1036/3/1 Tank Bund Road, Gandhi Nagar, Hyderabad, TG, IND, 500080
Viceroy Hotels Ltd operates hotels and convention centers and provides related lodging facilities. The company has one operating segment, the Business of Hoteliers. Its hotel and restaurants comprise the Hotel Marriott, Hotel Courtyard Marriott, Minerva Coffee Shop, and Bluefox. The company also owns fine-dining restaurants and bars in Hyderabad and Vijayawada.
58GF Score

Get the complete analysis for NSE:VHLTD

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

₹128.32
Price
₹117.76
GF Value