H World Group Limited ADR (HTHT) is slightly undervalued and Wyndham Hotels & Resorts Inc (WH) is slightly overvalued.
Against our estimates of intrinsic value, HTHT trades at the wider discount: a margin of safety of +11%, against -16% for WH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.9% (average of 3 methods) values the shares at $48.85; the price of $43.33 is 11% below that value, and 71% of that value comes from beyond year five.
Leak Score 51/100 on 3 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $58.51; the price of $67.86 is 16% above that value, and 80% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | HTHT | WH |
|---|---|---|
| Verdict | Slightly undervalued | Slightly overvalued |
| Price | $43.33 | $67.86 |
| Intrinsic value | $48.85 | $58.51 |
| Margin of safety | +11% | -16% |
| Leak Score | 51/100 (3/12) | 14/100 (3/12) |
| Market cap | $13.3B | $5.0B |
| Revenue growth, 5 years | 19.0% | 1.8% |
| Operating margin | 27.3% | 38.1% |
| Net margin | 18.9% | 14.7% |
| Return on equity | 38.2% | 39.6% |
| Debt to equity | 2.43 | 5.57 |
| P/E | 19.6x | 24.8x |
| Forward P/E | 14.3x | 12.8x |
| P/B | 6.4x | 10.5x |
| Dividend yield | 4.8% | 2.5% |