H World Group Limited (HTHT) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: H World Group Limited

Market cap $14B · 52 weeks $38 – $56 (16 % below the high) · P/E 18.6× · 2027 expected P/E 14.7× · Dividend 4.8 % · 3 years rising · Next earnings November 16, 2026 · expected EPS $0.80 · Closing price, Oct 28 · accounts published Aug 17.

• Valuation: P/E 18.6× (cheap).
• Business: 5-year ROIC 4.2 % (weak).
• Balance sheet: Net debt/EBITDA 3.0× (passes, near the threshold).
• Earnings: 5 of 8 (uneven).

What would it be worth at its usual multiples?

At the decade median (33.5×) $81 (+80 %); at its sector median (17.9×) $43 (-4 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in consumer cyclicals: 6 of 8 pass

• 5y avg ROIC 4.2 %, fails.
• Current Ratio 1.21, fails.
• 5y avg operating margin 13.6 %, passes.
• Inventory turnover 261.6×, passes.
• Net debt / EBITDA 3.0×, passes, near the threshold.
• Altman Z-Score 1.9, passes.
• P/E read in reverse (cyclicals) 18.6×, passes.
• EV/Sales vs history 5.1×, passes.

Against its peers (reference peers) — H World Group Limited: P/E 18.6×; EV/EBITDA 12.7×; ROIC 9.4 %; $13.9B. Hyatt Hotels Corporation (P/E 211×; EV/EBITDA 23.3×; ROIC 1.9 %; $16.4B), InterContinental Hotels Group PLC (P/E 35.8×; EV/EBITDA 15.6×; ROIC 33.0 %; $24.5B), Wyndham Hotels & Resorts, Inc. (P/E 27.6×; EV/EBITDA 16.9×; ROIC 8.1 %; $5.5B).

Expensive or cheap against its last ten years?

P/E at each close: today 18.6× · median 33.5× · minimum 15.9× · maximum 78.4× · cheap below 24.0× · expensive above 49.7×. It has been cheaper than today only 11% of the time over its last ten years.

Dividend

tight · Yield 4.8 % ($1.86 per ADS in 2025) · Years raising it 3 · 5-year growth +33 % a year · Free cash flow coverage 2.2× · With $1,000 invested today you'd collect $48.00 a year ($4.00 a month).