Atour Lifestyle Holdings Ltd (ATAT)

Hotels & Motels

Latest Price

$32.46

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $3.87

Book value / share: $8.57

Formula: √(22.5 × EPS × BVPS)

Graham Number

$27.32

16% downside

Norm. op. income: $1.3B (median of 4yr)

Tax rate: 29%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$29.81

8% downside

Base FCF: $219M (median of recent 4yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$46.99

+45% upside

EPS: $3.87

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$58.05

+79% upside

17.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
OLP CAPITAL MANAGEMENT Ltd	7.71M	$245.0M	1.86%	-394.3K	2026-06-30
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JPMORGAN CHASE & CO	4.09M	$132.0M	0.98%	+660.6K	2026-06-30
NORGES BANK	4.03M	$128.0M	0.97%	+3.41M	2026-06-30
FMR LLC	3.77M	$119.0M	0.91%	-1.12M	2026-06-30
WFM ASIA (BVI) Ltd	3.13M	$99.0M	0.75%	-549.6K	2026-06-30
Mitsubishi UFJ Trust & Banking Corp	2.82M	$89.0M	0.68%	+558.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.30M	$73.0M	0.55%	+29.1K	2026-06-30
BlackRock, Inc.	2.06M	$65.0M	0.50%	+92.6K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	1.88M	$59.0M	0.45%	-271.4K	2026-06-30