Atour Lifestyle Holdings Limited (ATAT) Financial Ratios
7 years of historical data (2019–2025) · Consumer Cyclical · Travel Lodging
EV/EBITDA
↓
12.43
↑+207% vs avg
5yr avg: 4.05
30Y Low1.1·High12.0
P/FCF
↓
16.78
↑+320% vs avg
5yr avg: 4.00
30Y Low1.2·High9.6
P/B Ratio
↓
8.79
↑+492% vs avg
5yr avg: 1.48
30Y Low1.2·High2.0
ROE
↑
49.7%
↓+36% vs avg
5yr avg: 36.6%
30Y Low11%·High51%
Debt/EBITDA
↑
0.65
↓-75% vs avg
5yr avg: 2.61
30Y Low0.4·High9.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ATAT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Atour Lifestyle Holdings Limited trades at 19.9x earnings, 138% above its 5-year average of 8.3x, sitting at the 75th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 16.8x P/FCF, 320% above the 5-year average of 4.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.6B | $5.5B | $3.7B | $2.4B | $2.3B | — | — | — |
| Enterprise Value | $4.3B | $3.7B | $1.9B | $1.5B | $3.0B | — | — | — |
| P/E Ratio → | 19.87 | 3.47 | 2.93 | 3.26 | 23.71 | — | — | — |
| P/S Ratio | 3.18 | 0.56 | 0.52 | 0.51 | 1.03 | — | — | — |
| P/B Ratio | 8.79 | 1.54 | 1.27 | 1.17 | 1.97 | — | — | — |
| P/FCF | 16.78 | 2.97 | 2.24 | 1.23 | 9.55 | — | — | — |
| P/OCF | 16.06 | 2.84 | 2.17 | 1.21 | 8.23 | — | — | — |
P/E links to full P/E history page with 30-year chart
ATAT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Atour Lifestyle Holdings Limited's enterprise value stands at 12.4x EBITDA, 207% above its 5-year average of 4.0x. This is roughly in line with the Consumer Cyclical sector median of 12.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.38 | 0.26 | 0.32 | 1.35 | — | — | — |
| EV / EBITDA | 12.43 | 1.58 | 1.10 | 1.50 | 12.01 | — | — | — |
| EV / EBIT | 12.73 | 1.57 | 1.08 | 1.53 | 16.28 | — | — | — |
| EV / FCF | — | 2.01 | 1.11 | 0.78 | 12.46 | — | — | — |
ATAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Atour Lifestyle Holdings Limited earns an operating margin of 23.6%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 19.8% to 23.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 49.7% is exceptionally high — well above the sector median of 5.3%. ROIC of 120.8% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.3% | 44.3% | 42.2% | 41.0% | 31.7% | 28.2% | 26.6% | 30.0% |
| Operating Margin | 23.6% | 23.6% | 22.4% | 19.8% | 7.3% | 9.1% | 4.0% | 5.8% |
| Net Profit Margin | 16.6% | 16.6% | 17.6% | 15.8% | 4.3% | 6.8% | 2.7% | 4.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 49.7% | 49.7% | 51.0% | 45.4% | 11.2% | 25.7% | 31.6% | — |
| ROA | 19.0% | 19.0% | 17.6% | 13.0% | 2.8% | 6.9% | 2.3% | 3.9% |
| ROIC | 120.8% | 120.8% | 109.1% | 45.2% | 16.1% | — | — | — |
| ROCE | 44.0% | 44.0% | 35.0% | 24.2% | 7.2% | 17.2% | 6.1% | 9.4% |
ATAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Atour Lifestyle Holdings Limited carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.8x). The company holds a net cash position — cash of $3.3B exceeds total debt of $1.5B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 557.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.59 | 0.95 | 1.94 | 0.19 | 0.21 | — |
| Debt / EBITDA | 0.65 | 0.65 | 1.03 | 1.93 | 9.07 | 0.38 | 0.82 | 0.45 |
| Net Debt / Equity | — | -0.50 | -0.64 | -0.43 | 0.60 | -1.65 | -1.24 | — |
| Net Debt / EBITDA | -0.75 | -0.75 | -1.12 | -0.88 | 2.80 | -3.20 | -4.74 | -4.28 |
| Debt / FCF | — | -0.96 | -1.13 | -0.46 | 2.90 | -2.64 | -149.69 | -8.01 |
| Interest Coverage | 557.11 | 557.11 | 553.74 | 197.22 | 28.77 | 26.69 | 51.93 | 26.23 |
Net cash position: cash ($3.3B) exceeds total debt ($1.5B)
ATAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.97x means Atour Lifestyle Holdings Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.78x to 1.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.97 | 1.97 | 2.02 | 1.78 | 1.58 | 1.35 | 1.30 | 1.42 |
| Quick Ratio | 1.90 | 1.90 | 1.96 | 1.73 | 1.53 | 1.29 | 1.24 | 1.40 |
| Cash Ratio | 1.57 | 1.57 | 1.73 | 1.51 | 1.30 | 0.99 | 0.92 | 1.15 |
| Asset Turnover | — | 1.07 | 0.92 | 0.71 | 0.48 | 0.96 | 0.79 | 0.95 |
| Inventory Turnover | 19.56 | 19.56 | 25.04 | 22.33 | 26.89 | 26.31 | 21.22 | 75.08 |
| Days Sales Outstanding | — | 19.91 | 16.73 | 13.09 | 30.05 | 48.42 | 33.45 | 31.32 |
ATAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Atour Lifestyle Holdings Limited returns 3.4% to shareholders annually — split between a 2.4% dividend yield and 1.0% buyback yield. A payout ratio of 46.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 13.6% | 11.7% | 6.3% | — | — | — | — |
| Payout Ratio | 46.3% | 46.3% | 34.2% | 20.4% | — | 14.2% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 28.8% | 34.1% | 30.6% | 4.2% | — | — | — |
| FCF Yield | 6.0% | 33.7% | 44.6% | 81.1% | 10.5% | — | — | — |
| Buyback Yield | 1.0% | 5.8% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 3.4% | 19.5% | 11.7% | 6.3% | 0.0% | — | — | — |
| Shares Outstanding | — | $140M | $139M | $138M | $130M | $130M | $130M | $130M |
Peer Comparison
Compare ATAT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ATATYou | $5B | 19.9 | 12.4 | 16.8 | 44.3% | 23.6% | 49.7% | 120.8% | 0.6 |
 HTHT | $13B | 18.9 | 15.4 | 12.0 | 39.4% | 25.4% | 39.2% | 11.9% | 4.9 |
 IH | $15M | 1.0 | -11.8 | 2.0 | 69.4% | 7.8% | 10.3% | — | 0.2 |
 CFLT | $11B | -36.0 | — | 175.6 | 74.3% | -32.6% | -27.7% | -15.8% | — |
 NCLH | $9B | 22.7 | 8.7 | — | 32.0% | 16.2% | 23.3% | 7.5% | 5.3 |
 MAR | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 IHG | $26B | 35.1 | 21.7 | 29.6 | 32.0% | 23.1% | — | 159.6% | 3.4 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 WH | $6B | 34.1 | 19.9 | 19.7 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 CHH | $5B | 14.6 | 13.0 | 42.2 | 40.9% | 28.4% | 544.2% | 16.7% | 3.8 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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ATAT — Frequently Asked Questions
Quick answers to the most common questions about buying ATAT stock.
What is Atour Lifestyle Holdings Limited's P/E ratio?
Atour Lifestyle Holdings Limited's current P/E ratio is 19.9x. The historical average is 8.3x. This places it at the 75th percentile of its historical range.
What is Atour Lifestyle Holdings Limited's EV/EBITDA?
Atour Lifestyle Holdings Limited's current EV/EBITDA is 12.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.0x.
What is Atour Lifestyle Holdings Limited's ROE?
Atour Lifestyle Holdings Limited's return on equity (ROE) is 49.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 35.7%.
Is ATAT stock overvalued?
Based on historical data, Atour Lifestyle Holdings Limited is trading at a P/E of 19.9x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Atour Lifestyle Holdings Limited's dividend yield?
Atour Lifestyle Holdings Limited's current dividend yield is 2.38% with a payout ratio of 46.3%.
What are Atour Lifestyle Holdings Limited's profit margins?
Atour Lifestyle Holdings Limited has 44.3% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Atour Lifestyle Holdings Limited have?
Atour Lifestyle Holdings Limited's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.