ATAT vs HBNB vs ZGN Stock Comparison

Atour Lifestyle Holdings, Hotel101 Global Holdings and Ermenegildo Zegna Prices as of Oct 29, 2026 Peers: Industry group
ZGN Ermenegildo Zegna N.V.
$13.40 +6.1% 1M +29.5% 1Y
Market cap
$3.65B
P/E
–
Revenue (TTM)
—
Div. yield
–
Luxury Goods Consumer Discretionary
1 win

Head to Head

4 decided of 12

Atour Lifestyle Holdings leads on 3 of the 12 questions below (Atour Lifestyle Holdings 3, Ermenegildo Zegna 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionATATHBNBZGNLeader
Larger companyMarket capitalisation $4.69B $1.11B $3.65B ATAT
Cheaper on earningsLower P/E, profitable companies only 16.6x -37.2x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.7x — 30.5x ATAT
Faster revenue growthRevenue growth, trailing twelve months +45.3% — — –
More profitableNet margin, trailing twelve months 16.8% — — –
Better return on capitalReturn on invested capital 73.2% — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -12.6% -3.9% +29.5% ZGN
Better 5-year returnAnnualised price return, 5 years — — +5.9%/yr –
Less volatileAnnualised volatility, 1 year 40.2% 72.8% 41.4% ATAT
Higher overall scoreMean of the five percentile scores vs peers 80/100 — — –

Percentile Scorecard

ATATHBNBZGN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisATATHBNBZGN
Valuation 67 #10 of 28 4 #27 of 28 –
Growth 96 #2 of 25 – –
Profitability 100 #1 of 25 – –
Financial Health 97 #2 of 30 28 #22 of 30 49 #27 of 52
Shareholder Returns 39 #12 of 19 – 12 #30 of 34
Overall 80 – –
  • ATAT ranked among 31 companies in Travel and Lodging
  • HBNB ranked among 31 companies in Travel and Lodging
  • ZGN ranked among 52 companies in Apparel and Luxury

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodATATHBNBZGNSPY
1 month -0.6%+1.3%+6.1% +0.7%
3 months -4.6%-14.5%-9.6% +3.7%
6 months -14.6%-25.6%+10.6% +7.1%
Year to date -17.1%-37.6%+30.7% +12.8%
1 year -12.6%-3.9%+29.5% +11.9%
3 years +68.4%—+19.9% +85.2%
3 years, per year +19.0%—+6.2% +22.8%
5 years ——+33.3% +67.6%
5 years, per year ——+5.9% +10.9%

Risk

MeasureATATHBNBZGNSPY
Volatility, 1Y 40.2%72.8%41.4% 12.7%
Downside volatility, 1Y 38.6%76.1%38.8% 12.6%
Beta vs S&P 500, 1Y 0.700.331.16 1.00
Return / volatility, 1Y -0.31-0.050.71 0.94
Max drawdown, 5Y -46.9%-86.7%-61.4% -25.4%
From 52-week high -23.9%-53.4%-12.1% -1.2%
52-week high $42.90$10.00$15.25 $779.14
52-week low $30.29$4.25$8.69 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleATATHBNBZGN
P/E now vs peer median 16.0xmedian 18.4x -37.2xmedian 18.4x —median 16.4x
P/S now vs peer median 2.7xmedian 1.5x 14.4xmedian 1.5x —median 0.7x
EV/EBITDA now vs peer median —median 14.6x —median 14.6x —median 10.6x
P/FCF now vs peer median 13.0xmedian 17.0x -25.3xmedian 17.0x —median 12.3x
P/B now vs peer median 9.1xmedian 2.4x 63.7xmedian 2.4x 2.9xmedian 2.3x
PEG now vs peer median 0.20median 0.30 —median 0.30 —median 0.56

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsATATHBNBZGN
Revenue $1.69B – –
Gross profit $1.05B – –
Operating income $402.22M – –
Net income $539.47M – –
Free cash flow $345.77M – –
R&D $29.30M – –
EPS (diluted) $2.03 – –
Cash & equivalents $578.45M $14.67M $258.95M
Total debt $34.93M – $256.76M
Shares (diluted) 139.77M – 261.47M
Enterprise value $1.37B $1.11B $2.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricATATHBNBZGN
P/E 16.0x -37.2x –
P/FCF 13.0x -25.3x –
P/Operating cash flow 13.2x – –
P/S 2.7x 14.4x –
P/B 9.1x 63.7x 2.9x
P/Tangible book 9.1x 63.7x 2.9x
EV/EBITDA – – –
EV/EBIT 9.2x – –
EV/Revenue 2.2x – –
EV/FCF 10.6x – –
EV/Operating cash flow 10.9x – –
PEG (3Y EPS CAGR) 0.20 – –

Growth

14 metrics
MetricATATHBNBZGN
Revenue growth (1Y) 45.3% – –
Revenue CAGR (3Y) 55.5% – –
Gross profit growth (1Y) 50.0% – –
Gross profit CAGR (3Y) 72.6% – –
Operating income growth (1Y) 55.3% – –
Operating income CAGR (3Y) 86.5% – –
Net income growth (1Y) 53.1% – –
Net income CAGR (3Y) 93.9% – –
EPS growth (1Y) 44.4% – –
EPS CAGR (3Y) 79.8% – –
Operating cash flow growth (1Y) 37.0% – –
Operating cash flow CAGR (3Y) 32.4% – –
Free cash flow growth (1Y) 34.3% – –
Free cash flow CAGR (3Y) 33.9% – –

Profitability

14 metrics
MetricATATHBNBZGN
Gross margin 62.3% – –
EBITDA margin – – –
Operating margin 23.8% – –
Pretax margin 24.3% – –
Net margin 16.8% – –
FCF margin 20.5% – –
Operating cash flow margin 20.1% – –
Return on equity 104.9% – –
Return on assets 42.6% – –
Return on invested capital 73.2% – –
Return on capital employed 55.6% – –
Asset turnover 1.3x – –
Cash conversion (OCF / net income) 0.6x – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricATATHBNBZGN
Debt / assets 2.7% – 7.3%
Debt / equity 0.1x – 0.2x
Net debt / EBITDA – – –
Debt / FCF 0.1x – –
Liabilities / assets 61.3% 88.8% 66.4%
Equity / assets 38.7% 11.2% 33.6%
Interest coverage 455.5x – –
Current ratio 1.9x 1.0x 1.5x
Quick ratio 1.7x 0.3x 0.6x
Cash ratio 1.6x 0.1x 0.4x
Altman Z-score 6.70 – –

Shareholder Returns

7 metrics
MetricATATHBNBZGN
Dividend yield 2.8% – 0.9%
Net buyback yield 0.0% – –
Shareholder yield 2.7% – 0.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusATATHBNBZGN
Forward P/E 13.7xFY2026 – 30.5xFY2026
EPS, next fiscal year $2.39FY2026 – $0.44FY2026
EPS growth, next FY +33.5%FY2026 – -2.2%FY2026
EPS growth, the year after +21.3% – +34.1%
Revenue, next fiscal year $2.03BFY2026 – $2.22BFY2026
Revenue growth, next FY +44.7%FY2026 – -1.5%FY2026
Revenue growth, the year after +17.0% – +17.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersATATHBNBZGN
Held by institutions 56.9% – 29.0%
Institutions holding 181 – 135
Change in shares held, QoQ +3.9% – +14.6%
Institutions buying 104 – 77
Institutions selling 64 – 39
Buyers to sellers 1.63 – 1.97

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ATATHBNBZGN
ATAT 1.00 -0.16 0.23
HBNB -0.16 1.00 0.06
ZGN 0.23 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ATAT, HBNB and ZGN?

Atour Lifestyle Holdings (ATAT) is the largest by market capitalisation: Atour Lifestyle Holdings (ATAT) $4.69B, Hotel101 Global Holdings (HBNB) $1.11B, Ermenegildo Zegna (ZGN) $3.65B.

Which stock has performed better?

Over the past year Ermenegildo Zegna (ZGN) returned the most: Atour Lifestyle Holdings (ATAT) -12.6%, Hotel101 Global Holdings (HBNB) -3.9%, Ermenegildo Zegna (ZGN) +29.5%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Atour Lifestyle Holdings (ATAT) has been the steadiest (Atour Lifestyle Holdings (ATAT) 40.2%, Hotel101 Global Holdings (HBNB) 72.8%, Ermenegildo Zegna (ZGN) 41.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ATAT, HBNB and ZGN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Atour Lifestyle Holdings (ATAT) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.