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Accor (ENXTPA:AC) Valuation Check as Trading Surges and New Regional CEO Signals Strategic Shift

Simply Wall St · 1d ago

Accor (ENXTPA:AC) is drawing extra attention after promoting long time executive Karelle Lamouche to CEO for Europe and North Africa, just as trading volumes climb ahead of the group’s February 2026 earnings.

See our latest analysis for Accor.

That leadership change is landing as momentum builds, with a roughly 15 percent 90 day share price return and a standout three year total shareholder return north of 115 percent, suggesting investors are leaning into Accor’s recovery story.

If Karelle Lamouche’s promotion has you thinking about where else leadership and growth could surprise the market, now is a smart moment to explore fast growing stocks with high insider ownership.

With shares up strongly over three years and the price still sitting near a 10 percent discount to both intrinsic value estimates and analyst targets, is Accor quietly undervalued, or is the market already banking on its next leg of growth?

Most Popular Narrative: 12.1% Undervalued

With Accor last closing at €47.06 against a narrative fair value near €53.51, the current pricing implies the market is not fully crediting the company’s medium term earnings power.

Continued shift toward an asset light model, with disciplined focus on higher fee per room contracts and quality churn, is expected to improve net margins and enhance stability/recurrence of earnings by reducing capital expenditure and exposure to owned hotel volatility.

Read the complete narrative.

Curious how moderate growth assumptions can still justify a premium earnings multiple for a hotel group, and why cash flow visibility becomes the backbone of this valuation story, not the headline revenue line.

Result: Fair Value of €53.51 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent FX headwinds and overreliance on mature European markets could quickly erode margin gains and challenge the current undervaluation narrative.

Find out about the key risks to this Accor narrative.

Another Lens on Value

While the narrative fair value frames Accor as about 12 percent undervalued, its 18.8x earnings multiple tells a more cautious story. That is richer than the 16.2x sector average, but cheaper than peers at 24.6x and below a fair ratio of 21.2x. This leaves investors to question whether this is a margin of safety or a value trap in disguise.

See what the numbers say about this price — find out in our valuation breakdown.

ENXTPA:AC PE Ratio as at Dec 2025
ENXTPA:AC PE Ratio as at Dec 2025

Build Your Own Accor Narrative

If you see the story differently or want to stress test the numbers yourself, you can build a custom narrative in just a few minutes: Do it your way.

A great starting point for your Accor research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.