JD.com, Inc. (JD) Valuation — DCF, Graham & Comparables

JD.com, Inc. (JD) — Price $25.63 (closing price, October 29, 2026) — Consumer Cyclical — Specialty Retail — NASDAQ

Latest reported results:

Valuation dashboard for JD.com, Inc. (JD) with P/E 15.76, P/B 1.04, EV/EBITDA 8.21 and dividend yield 3.92%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.

JD.com, Inc. is a prominent technology and service provider based in the People's Republic of China, distinguished by its robust, supply chain-centric operations. The company's retail segment offers a comprehensive array of products. This includes computing devices, communication equipment, and various consumer electronics, alongside a broad selection of home appliances.

Analysis Summary

JD.com, Inc. reported revenue of 1.31T CNY in the most recent fiscal year, growing at a 5-year CAGR of 11.9%. Net income reached 19.63B CNY, with a -16.9% 5-year CAGR.

Trailing-twelve-month margins: gross margin 14.7%, operating margin 0.2%, net margin 1.1%.

At $25.63 (closing price, October 29, 2026), JD trades at a P/E of 15.76 and an ROE of 6.63%. Market capitalisation stands at $34.6B, placing it among large-cap names.

Balance sheet quality for JD: current ratio of 1.2. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio15.76
Price / Book1.04
EV / EBITDA8.21
Dividend Yield3.92%

Valuation Models

DCF Fair Value$63.82
vs Current Price+149.0%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
JDJD.com, Inc.$34.6B15.761.046.6%
CPNGCoupang, Inc.$24.8B8.78-18.8%
AMZNAmazon.com, Inc.$2.6T19.614.2926.7%
PDDPDD Holdings Inc.$112.8B7.771.6322.0%
MELIMercadoLibre, Inc.$84.2B45.179.9326.5%
EBAYeBay Inc.$53.9B25.0912.2046.1%
BABAAlibaba Group Holding Limited$244.2B21.571.497.0%
SESea Limited$45.7B28.813.6313.5%

Price

Price$25.63 (closing price, October 29, 2026)
Market Cap$34.6B
ExchangeNASDAQ
CountryCN

Profitability

Return on Equity6.63%
Return on Invested Capital0.56%
Return on Assets2.04%
Gross Margin14.66%
Operating Margin0.20%
Net Margin1.13%

Related companies: CPNG · AMZN · PDD · MELI · EBAY · BABA · SE · VIPS

Explore sector: Consumer Cyclical · Specialty Retail

More sections of JD: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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