ATAT (Atour Lifestyle Holdings) Piotroski F-Score: 8 (As of Aug. 16, 2026) — Near Median

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ATAT Atour Lifestyle Holdings Ltd ATAT
82 GF Score
Price $34.18
GF Value $51.50
Valuation Significantly Undervalued
View Full Analysis

What is Atour Lifestyle Holdings Piotroski F-Score?

Atour Lifestyle Holdings ATAT +3.51% 82 Piotroski F-Score is 8 as of Aug. 16, 2026, which is at its 10-year median of 8.00. GuruFocus rates ATAT with a GF Score™ of 82/100 and a GF Value™ of $51.50 (Significantly Undervalued). Among 831 Travel & Leisure companies, Atour Lifestyle Holdings ranks better than 96.87% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Atour Lifestyle Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Atour Lifestyle Holdings's Piotroski F-Score or its related term are showing as below:

ATAT' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 8   Max: 8
Current: 8

During the past 7 years, the highest Piotroski F-Score of Atour Lifestyle Holdings was 8. The lowest was 6. And the median was 8.

Atour Lifestyle Holdings  (NAS:ATAT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Atour Lifestyle Holdings Piotroski F-Score Related Terms


Atour Lifestyle Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atour Lifestyle Holdings's Piotroski F-Score 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.

Atour Lifestyle Holdings Piotroski F-Score Chart

Atour Lifestyle Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 8.00 8.00 8.00

Atour Lifestyle Holdings Quarterly Data
Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score 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 8.00 8.00 8.00 8.00 8.00

ATAT vs CHH, WH, CVEO: Piotroski F-Score Comparison

For the Lodging subindustry, Atour Lifestyle Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


Atour Lifestyle Holdings Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Atour Lifestyle Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Atour Lifestyle Holdings's Piotroski F-Score falls into.


ATAT
82GF Score
Atour Lifestyle Holdings Ltd ATAT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 59.082 + 66.501 + 68.199 + 67.23 = $261 Mil.
Cash Flow from Operations was 106.749 + 88.557 + 84.267 + 42.415 = $322 Mil.
Revenue was 343.79 + 368.916 + 395.818 + 407.893 = $1,516 Mil.
Gross Profit was 156.645 + 160.895 + 174.571 + 169.413 = $662 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1092.057 + 1163.657 + 1256.77 + 1301.611 + 1252.614) / 5 = $1213.3418 Mil.
Total Assets at the begining of this year (Mar25) was $1,092 Mil.
Long-Term Debt & Capital Lease Obligation was $126 Mil.
Total Current Assets was $1,014 Mil.
Total Current Liabilities was $467 Mil.
Net Income was 41.856 + 54.323 + 45.346 + 33.48 = $175 Mil.

Revenue was 247.708 + 268.313 + 286.238 + 262.896 = $1,065 Mil.
Gross Profit was 104.248 + 112.402 + 124.218 + 114.803 = $456 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(938.769 + 1004.188 + 1018.842 + 1082.151 + 1092.057) / 5 = $1027.2014 Mil.
Total Assets at the begining of last year (Mar24) was $939 Mil.
Long-Term Debt & Capital Lease Obligation was $190 Mil.
Total Current Assets was $791 Mil.
Total Current Liabilities was $346 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Atour Lifestyle Holdings's current Net Income (TTM) was 261. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Atour Lifestyle Holdings's current Cash Flow from Operations (TTM) was 322. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=261.012/1092.057
=0.2390095

ROA (Last Year)=Net Income/Total Assets (Mar24)
=175.005/938.769
=0.18641966

Atour Lifestyle Holdings's return on assets of this year was 0.2390095. Atour Lifestyle Holdings's return on assets of last year was 0.18641966. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Atour Lifestyle Holdings's current Net Income (TTM) was 261. Atour Lifestyle Holdings's current Cash Flow from Operations (TTM) was 322. ==> 322 > 261 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=126.268/1213.3418
=0.10406631

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=189.917/1027.2014
=0.18488779

Atour Lifestyle Holdings's gearing of this year was 0.10406631. Atour Lifestyle Holdings's gearing of last year was 0.18488779. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1013.908/466.843
=2.17183935

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=790.81/345.581
=2.28834919

Atour Lifestyle Holdings's current ratio of this year was 2.17183935. Atour Lifestyle Holdings's current ratio of last year was 2.28834919. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Atour Lifestyle Holdings's number of shares in issue this year was 138.593. Atour Lifestyle Holdings's number of shares in issue last year was 139.564. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=661.524/1516.417
=0.43624148

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=455.671/1065.155
=0.42779783

Atour Lifestyle Holdings's gross margin of this year was 0.43624148. Atour Lifestyle Holdings's gross margin of last year was 0.42779783. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1516.417/1092.057
=1.38858778

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1065.155/938.769
=1.1346295

Atour Lifestyle Holdings's asset turnover of this year was 1.38858778. Atour Lifestyle Holdings's asset turnover of last year was 1.1346295. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Atour Lifestyle Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Atour Lifestyle Holdings (ATAT) has a Piotroski F-Score of 8 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atour Lifestyle Holdings and its competitors. This is near median its historical median of 8.00. Over the past decade, Atour Lifestyle Holdings' Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Atour Lifestyle Holdings ranks #26 out of 831 companies in the Travel & Leisure industry, placing it in the top 3.1%.
Is Atour Lifestyle Holdings' Piotroski F-Score too high?
Atour Lifestyle Holdings' current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Atour Lifestyle Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Atour Lifestyle Holdings ranks #26 out of 831 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Atour Lifestyle Holdings has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atour Lifestyle Holdings' Piotroski F-Score compare to CHH and WH?
According to the Travel & Leisure industry distribution chart, Atour Lifestyle Holdings ranks #26 out of 831 companies for Piotroski F-Score. This places Atour Lifestyle Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Atour Lifestyle Holdings' value of 8 is 60% above this benchmark. Historically, Atour Lifestyle Holdings' own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Atour Lifestyle Holdings 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 Piotroski F-Score for a Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 831 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atour Lifestyle Holdings's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atour Lifestyle Holdings and its competitors. For the Travel & Leisure industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atour Lifestyle Holdings's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atour Lifestyle Holdings stock overvalued right now?
Based on GuruFocus' analysis, Atour Lifestyle Holdings (ATAT) is currently considered Significantly Undervalued. The stock's GF Value™ is $51.50, compared to a current price of $34.18 — trading 33.6% below its estimated fair value. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Travel & Leisure industry median of 5.00. Atour Lifestyle Holdings' overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Atour Lifestyle Holdings (ATAT), the current Piotroski F-Score is 8 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 Atour Lifestyle Holdings (ATAT) Overvalued in 2026?

Based on GuruFocus' analysis, Atour Lifestyle Holdings stock appears to be undervalued. The current stock price of $34.18 is trading 33.6% below its estimated GF Value™ of $51.50. GuruFocus considers Atour Lifestyle Holdings to be Significantly Undervalued.

Key valuation signals for ATAT:

  • Piotroski F-Score: 8 (near median its 10-year median of 8.00)
  • GF Value™: $51.50 vs. price of $34.18 (33.6% below fair value)
  • GF Score™: 82/100
  • Industry Position: 60% above the Travel & Leisure median (#26 of 831)

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


Atour Lifestyle Holdings Business Description

Address 618 Wuzhong Road, 1st Floor, Wuzhong Building, Minhang District, Shanghai, CHN, 201103
Atour Lifestyle Holdings Ltd is an upper-midscale hotel chain in China. The company derives revenues from franchise and management fees from its manachised hotels and sales of hotel supplies to manachised hotels, Operations of leased hotels, and sales of retail products. The company has one operating segment, which is the Atour Group.
82GF Score

Get the complete analysis for ATAT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$34.18
Price
$51.50
GF Value