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H World Group (H World Group) Cyclically Adjusted PB Ratio : 11.11 (As of May. 16, 2024)


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What is H World Group Cyclically Adjusted PB Ratio?

As of today (2024-05-16), H World Group's current share price is $42.10. H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.79. H World Group's Cyclically Adjusted PB Ratio for today is 11.11.

The historical rank and industry rank for H World Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

HTHT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.21   Med: 13.73   Max: 22.43
Current: 10.73

During the past years, H World Group's highest Cyclically Adjusted PB Ratio was 22.43. The lowest was 8.21. And the median was 13.73.

HTHT's Cyclically Adjusted PB Ratio is ranked worse than
95.28% of 593 companies
in the Travel & Leisure industry
Industry Median: 1.38 vs HTHT: 10.73

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

H World Group's adjusted book value per share data for the three months ended in Dec. 2023 was $5.380. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


H World Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for H World Group's Cyclically Adjusted PB 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.

* Premium members only.

H World Group Cyclically Adjusted PB Ratio Chart

H World Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.13 16.29 11.86 12.31 8.83

H World Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB 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 12.31 13.87 10.76 10.57 8.83

Competitive Comparison of H World Group's Cyclically Adjusted PB Ratio

For the Lodging subindustry, H World Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


H World Group's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H World Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H World Group's Cyclically Adjusted PB Ratio falls into.



H World Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

H World Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.10/3.79
=11.11

* 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.

H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, H World Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.38/114.7809*114.7809
=5.380

Current CPI (Dec. 2023) = 114.7809.

H World Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.846 98.600 2.149
201406 1.932 98.200 2.258
201409 2.069 98.900 2.401
201412 2.073 99.000 2.403
201503 2.074 99.900 2.383
201506 2.201 99.500 2.539
201509 2.141 100.500 2.445
201512 2.073 100.600 2.365
201603 2.592 102.200 2.911
201606 2.634 101.400 2.982
201609 2.828 102.400 3.170
201612 2.804 102.600 3.137
201703 2.909 103.200 3.235
201706 3.172 103.100 3.531
201709 3.370 104.100 3.716
201712 3.231 104.500 3.549
201803 3.513 105.300 3.829
201806 3.538 104.900 3.871
201809 3.712 106.600 3.997
201812 3.168 106.500 3.414
201903 3.241 107.700 3.454
201906 3.442 107.700 3.668
201909 3.504 109.800 3.663
201912 3.550 111.200 3.664
202003 2.586 112.300 2.643
202006 2.252 110.400 2.341
202009 4.560 111.700 4.686
202012 5.393 111.500 5.552
202103 5.279 112.662 5.378
202106 5.526 111.769 5.675
202109 5.455 112.215 5.580
202112 5.324 113.108 5.403
202203 4.759 114.335 4.778
202206 4.345 114.558 4.353
202209 3.977 115.339 3.958
202212 4.023 115.116 4.011
202303 5.350 115.116 5.334
202306 5.695 114.558 5.706
202309 6.172 115.339 6.142
202312 5.380 114.781 5.380

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


H World Group  (NAS:HTHT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


H World Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of H World Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


H World Group (H World Group) Business Description

Address
No. 1299 Fenghua Road, Jiading District, Shanghai, CHN, 201803
H World Group Ltd is a multi-brand hotel group in China with international operations. It operates in the leased, manachised, and franchised models. The company has two operating segments; legacy Huazhu and legacy DH. Its brand and product offering includes Economy hotel brands: HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, and Ibis Hotel, Midscale hotel brands: JI Hotel, Orange Hotel, Starway Hotel and Ibis Styles Hotel, Upper midscale hotel brands: Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, CitiGO Hotel and MAXX by Steigenberger, Upscale hotel brands: Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, and Grand Mercure; and Luxury hotel brand: Steigenberger Icon and Song Hotels.