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Atour Lifestyle HoldingsATAT +3.51%82 Owner Earnings per Share (TTM) is 1.82 as of Mar. 2026, which is 93% below its 10-year median of 24.96. GuruFocus rates ATAT with a GF Score™ of 82/100 and a GF Value™ of $51.54 (Significantly Undervalued). Among 452 Travel & Leisure companies, Atour Lifestyle Holdings ranks worse than 60.62% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Atour Lifestyle Holdings's Owner Earnings per Share (TTM) ended in Mar. 2026 was $1.82. It's Price-to-Owner-Earnings ratio for today is 18.78.
The historical rank and industry rank for Atour Lifestyle Holdings's Owner Earnings per Share (TTM) or its related term are showing as below:
ATAT'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 17.53 Med: 24.96 Max: 30.83
Current: 18.75
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Atour Lifestyle Holdings Owner Earnings per Share (TTM) Related Terms
Atour Lifestyle Holdings Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Atour Lifestyle Holdings's Owner Earnings per Share (TTM) 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 Owner Earnings per Share (TTM) Chart
ATAT vs CHH, WH, CVEO: Owner Earnings per Share (TTM) Comparison
For the Lodging subindustry, Atour Lifestyle Holdings's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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 Price-to-Owner-Earnings vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Atour Lifestyle Holdings's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Atour Lifestyle Holdings's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Atour Lifestyle Holdings's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $8 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Atour Lifestyle Holdings's 5-Year Average Maintenance Capital Expenditure = $8 Mil
5. "Change In Working Capital" is from cashflow statement. Atour Lifestyle Holdings's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $0 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 1.82 mean?
Atour Lifestyle Holdings (ATAT) has a Owner Earnings per Share (TTM) of 1.82 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Atour Lifestyle Holdings. This is 93% below median its historical median of 24.96. Over the past decade, Atour Lifestyle Holdings' Owner Earnings per Share (TTM) has ranged from 17.53 to 30.83. According to the industry distribution chart, Atour Lifestyle Holdings ranks #274 out of 452 companies in the Travel & Leisure industry, placing it in the top 60.6%.
Is Atour Lifestyle Holdings' Owner Earnings per Share (TTM) too high?
Atour Lifestyle Holdings' current Owner Earnings per Share (TTM) of 1.82 is 93% below median its 10-year median of 24.96. Over the past 10 years, this metric has ranged from a low of 17.53 to a high of 30.83. The Travel & Leisure industry median Owner Earnings per Share (TTM) is 14.02. Atour Lifestyle Holdings' value of 1.82 is 87% below this industry median. Based on the distribution chart, Atour Lifestyle Holdings ranks #274 out of 452 companies in the Travel & Leisure industry, which is below the industry midpoint. 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' Owner Earnings per Share (TTM) compare to CHH and WH?
According to the Travel & Leisure industry distribution chart, Atour Lifestyle Holdings ranks #274 out of 452 companies for Owner Earnings per Share (TTM). This places Atour Lifestyle Holdings in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.02. Atour Lifestyle Holdings' value of 1.82 is 87% below this benchmark. Historically, Atour Lifestyle Holdings' own Owner Earnings per Share (TTM) has ranged from 17.53 to 30.83 over the past decade. While the company's 10-year median is 24.96 vs. the industry median of 14.02, Atour Lifestyle Holdings 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 Owner Earnings per Share (TTM) for a Travel & Leisure company?
The median Owner Earnings per Share (TTM) among Travel & Leisure companies is 14.02, based on 452 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atour Lifestyle Holdings's current Owner Earnings per Share (TTM) of 1.82 is 87% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Atour Lifestyle Holdings. For the Travel & Leisure industry, the median Owner Earnings per Share (TTM) is 14.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atour Lifestyle Holdings's current Owner Earnings per Share (TTM) is 1.82, which is 93% below median its own 10-year median of 24.96. 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 $51.54, compared to a current price of $34.18 — trading 33.7% below its estimated fair value. The current Owner Earnings per Share (TTM) is 1.82, which is 93% below median its 10-year median of 24.96 and 87% below the Travel & Leisure industry median of 14.02. 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 Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Atour Lifestyle Holdings (ATAT), the current Owner Earnings per Share (TTM) is 1.82 as of Mar. 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 33.7% below its estimated GF Value™ of $51.54.
GuruFocus considers Atour Lifestyle Holdings to be Significantly Undervalued.
Key valuation signals for ATAT:
Owner Earnings per Share (TTM): 1.82 (93% below median its 10-year median of 24.96)
GF Value™: $51.54 vs. price of $34.18 (33.7% below fair value)
Industry Position: 87% below the Travel & Leisure median (#274 of 452)
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 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
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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