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Lemon Tree Hotels Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lemon Tree Hotels and similar public comparables like PPHE Hotel Group, Pierre & Vacances, Valamar Riviera, China Travel International and more.
Lemon Tree Hotels Overview
About Lemon Tree Hotels
Lemon Tree Hotels Ltd operates hotels across the upscale, upper-midscale, midscale, and economy segments under seven brands catering to varied guest needs. These include Aurika Hotels and Resorts (upscale), Lemon Tree Premier and Keys Prima (upper-midscale), Lemon Tree Hotels and Keys Select (midscale), and Red Fox and Keys Lite (economy). The company generates revenue by owning, leasing, and managing hotels, earning through room rentals and management commissions. Its operations span metro regions and tier cities across India, with international presence in countries like the United Arab Emirates, Bhutan, and Nepal, focusing on delivering differentiated service and value offerings to a broad customer base.
Founded
1992
HQ

Employees
860
Website
Sectors
Financials (LTM)
EV
$1B
Lemon Tree Hotels Financials
Lemon Tree Hotels reported last 12-month revenue of $157M and EBITDA of $74M.
In the same LTM period, Lemon Tree Hotels generated $147M in gross profit, $74M in EBITDA, and $27M in net income.
Revenue (LTM)
Lemon Tree Hotels P&L
In the most recent fiscal year, Lemon Tree Hotels reported revenue of $150M and EBITDA of $74M.
Lemon Tree Hotels expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $157M | XXX | $150M | XXX | XXX | XXX |
| Gross Profit | $147M | XXX | $96M | XXX | XXX | XXX |
| Gross Margin | 94% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $74M | XXX | $74M | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 49% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 39% | XXX | XXX | XXX |
| Net Profit | $27M | XXX | $23M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | — | — | $176M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lemon Tree Hotels Stock Performance
Lemon Tree Hotels has current market cap of $970M, and enterprise value of $1B.
Market Cap Evolution
Lemon Tree Hotels' stock price is $1.22.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $970M | -0.9% | XXX | XXX | XXX | $0.03 |
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Start Free TrialLemon Tree Hotels Valuation Multiples
Lemon Tree Hotels trades at 7.5x EV/Revenue multiple, and 15.8x EV/EBITDA.
EV / Revenue (LTM)
Lemon Tree Hotels Financial Valuation Multiples
As of March 21, 2026, Lemon Tree Hotels has market cap of $970M and EV of $1B.
Equity research analysts estimate Lemon Tree Hotels' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lemon Tree Hotels has a P/E ratio of 36.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $970M | XXX | $970M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 7.5x | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBITDA | 15.8x | XXX | 15.9x | XXX | XXX | XXX |
| EV/EBIT | 19.6x | XXX | 20.3x | XXX | XXX | XXX |
| EV/Gross Profit | 8.0x | XXX | 12.2x | XXX | XXX | XXX |
| P/E | 36.0x | XXX | 42.2x | XXX | XXX | XXX |
| EV/FCF | 23.3x | XXX | 23.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lemon Tree Hotels Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Lemon Tree Hotels Margins & Growth Rates
Lemon Tree Hotels' revenue in the last 12 month grew by 13%.
Lemon Tree Hotels' revenue per employee in the last FY averaged $0.2M.
Lemon Tree Hotels' rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lemon Tree Hotels' rule of X is 79% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Lemon Tree Hotels Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lemon Tree Hotels Public Comps
See public comps and valuation multiples for other Accommodation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| PPHE Hotel Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Pierre & Vacances | XXX | XXX | XXX | XXX | XXX | XXX |
| Valamar Riviera | XXX | XXX | XXX | XXX | XXX | XXX |
| China Travel International | XXX | XXX | XXX | XXX | XXX | XXX |
| Lampsa Hotel | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lemon Tree Hotels M&A Activity
Lemon Tree Hotels acquired XXX companies to date.
Last acquisition by Lemon Tree Hotels was on XXXXXXXX, XXXXX. Lemon Tree Hotels acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lemon Tree Hotels
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialLemon Tree Hotels Investment Activity
Lemon Tree Hotels invested in XXX companies to date.
Lemon Tree Hotels made its latest investment on XXXXXXXX, XXXXX. Lemon Tree Hotels invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lemon Tree Hotels
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Lemon Tree Hotels
| When was Lemon Tree Hotels founded? | Lemon Tree Hotels was founded in 1992. |
| Where is Lemon Tree Hotels headquartered? | Lemon Tree Hotels is headquartered in India. |
| How many employees does Lemon Tree Hotels have? | As of today, Lemon Tree Hotels has over 860 employees. |
| Is Lemon Tree Hotels publicly listed? | Yes, Lemon Tree Hotels is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Lemon Tree Hotels? | Lemon Tree Hotels trades under LEMONTREE ticker. |
| When did Lemon Tree Hotels go public? | Lemon Tree Hotels went public in 2018. |
| Who are competitors of Lemon Tree Hotels? | Lemon Tree Hotels main competitors are PPHE Hotel Group, Pierre & Vacances, Valamar Riviera, China Travel International. |
| What is the current market cap of Lemon Tree Hotels? | Lemon Tree Hotels' current market cap is $970M. |
| What is the current revenue of Lemon Tree Hotels? | Lemon Tree Hotels' last 12 months revenue is $157M. |
| What is the current revenue growth of Lemon Tree Hotels? | Lemon Tree Hotels revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Lemon Tree Hotels? | Current revenue multiple of Lemon Tree Hotels is 7.5x. |
| Is Lemon Tree Hotels profitable? | Yes, Lemon Tree Hotels is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lemon Tree Hotels? | Lemon Tree Hotels' last 12 months EBITDA is $74M. |
| What is Lemon Tree Hotels' EBITDA margin? | Lemon Tree Hotels' last 12 months EBITDA margin is 48%. |
| What is the current EV/EBITDA multiple of Lemon Tree Hotels? | Current EBITDA multiple of Lemon Tree Hotels is 15.8x. |
| What is the current FCF of Lemon Tree Hotels? | Lemon Tree Hotels' last 12 months FCF is $51M. |
| What is Lemon Tree Hotels' FCF margin? | Lemon Tree Hotels' last 12 months FCF margin is 32%. |
| What is the current EV/FCF multiple of Lemon Tree Hotels? | Current FCF multiple of Lemon Tree Hotels is 23.3x. |
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