PDD Holdings Inc. (PDD) Valuation — DCF, Graham & Comparables

PDD Holdings Inc. (PDD) — Price $79.04 (closing price, October 28, 2026) — Consumer Cyclical — Specialty Retail — NASDAQ

Latest reported results:

Valuation dashboard for PDD Holdings Inc. (PDD) with P/E 7.75, P/B 1.62, EV/EBITDA 4.47 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.

PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses.

Analysis Summary

PDD Holdings Inc. reported revenue of 431.85B CNY in the most recent fiscal year, growing at a 5-year CAGR of 48.7%.

Trailing-twelve-month margins: gross margin 56.3%, operating margin 21.9%, net margin 20.4%.

At $79.04 (closing price, October 28, 2026), PDD trades at a P/E of 7.75 and an ROE of 21.97%. Market capitalisation stands at $111.9B, placing it among large-cap names.

Balance sheet quality for PDD: current ratio of 2.4. 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 Ratio7.75
Price / Book1.62
EV / EBITDA4.47
Dividend Yield0.00%

Valuation Models

DCF Fair Value$300.59
vs Current Price+280.3%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
PDDPDD Holdings Inc.$111.9B7.751.6222.0%
CPNGCoupang, Inc.$25.4B8.50-18.8%
AMZNAmazon.com, Inc.$2.7T20.484.9330.5%
MELIMercadoLibre, Inc.$91.8B49.2610.8326.5%
EBAYeBay Inc.$52.5B24.4311.1546.1%
JDJD.com, Inc.$34.3B15.611.036.6%
BABAAlibaba Group Holding Limited$248.2B21.711.507.0%
SESea Limited$45.7B29.033.5713.5%

Price

Price$79.04 (closing price, October 28, 2026)
Market Cap$111.9B
ExchangeNASDAQ
CountryIE

Profitability

Return on Equity21.97%
Return on Invested Capital17.46%
Return on Assets13.88%
Gross Margin56.32%
Operating Margin21.86%
Net Margin20.43%

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

Explore sector: Consumer Cyclical · Specialty Retail

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

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