Full Truck Alliance Co. Ltd. (YMM) is a publicly traded company in the Technology — Software - Application industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Full Truck Alliance Co. Ltd., along with its subsidiaries, operates a prominent digital logistics platform across the People's Republic of China. This platform's core purpose is to seamlessly connect cargo owners (shippers) with truck drivers, streamlining the transportation of goods regardless of distance, weight, or type. The company offers essential services like freight posting, carrier matching, and brokerage assistance, complemented by secure online payment processing.
Is Full Truck Alliance Co. Ltd. stock overvalued or undervalued in 2026?
As of October 5, 2026, Full Truck Alliance Co. Ltd. (YMM) trades at 13.6× earnings (P/E), against a median of 35.2× across the 250 technology companies above $2bn in Kaplio's universe. Kaplio's verdict: cheap. At its sector median (35.2×) $21 (+159 %).
Kaplio overview: Full Truck Alliance Co. Ltd.
Market cap $9B · 52 weeks $8 – $14 (38 % below the high) · P/E 13.6× · 2027 expected P/E 9.7× · Dividend 3.2 % · Next earnings November 16, 2026 · expected EPS $0.20 · Price as of Oct 5 · accounts published Aug 19.
- Valuation: P/E 13.6× (cheap).
- Business: ROIC 8 % (fair).
- Balance sheet: Net debt/EBITDA −1.4× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At its sector median (35.2×) $21 (+159 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 6 of 8 pass
- ROIC 8.1 %, fails.
- Gross margin 63.0 %, borderline.
- 3y revenue growth 24.2 %, passes.
- Rule of 40 (SaaS only) 60, passes.
- FCF / Revenue 36.0 %, passes.
- SBC / Revenue 2.3 %, passes.
- Net debt / EBITDA −1.4×, passes.
- EV/EBITDA vs own 5y 10.6×, passes.
Against its peers (reference peers) — Full Truck Alliance Co. Ltd.: P/E 13.6×; EV/EBITDA 10.6×; ROIC 8.1 %; $8.5B. InterDigital, Inc. (P/E 28.6×; EV/EBITDA 13.6×; ROIC 22.6 %; $8.4B), Zeta Global Holdings Corp. (P/E —; EV/EBITDA 107×; ROIC 0.6 %; $8.2B), Bentley Systems, Incorporated (P/E 37.8×; EV/EBITDA 22.4×; ROIC 11.2 %; $9.4B).
Expensive or cheap against its last 4 years?
P/E at each close: today 13.6× · median 21.2× · minimum 12.4× · maximum 67.2× · cheap below 19.8× · expensive above 26.0×. It has been cheaper than today only 7% of the time over its last 4 years.
Dividend
tight · Yield 3.23 % ($0.20 per ADS in 2025) · Years raising it 1 · paying since 2024 · Free cash flow coverage 3.0× · With $1,000 invested today you'd collect $32.30 a year ($2.69 a month).
Profitability
| Return on Equity | 10.56% |
| Return on Invested Capital | 8.12% |
| Return on Assets | 9.24% |
| Gross Margin | 65.86% |
| Operating Margin | 33.59% |
| Net Margin | 32.98% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 7.96 |
Price Performance
| 1 month | -2.77% |
| 3 months | -1.98% |
| Year-to-date | -21.62% |
| 1 year | -39.93% |
| 3 years | +16.97% |
| 5 years | -47.34% |
Dividend History
Paid in the last 12 months: $0.2640 per share in 3 payments.
| Date | Amount |
|---|---|
| 2026-10-14 | $0.0840 |
| 2026-07-07 | $0.0840 |
| 2026-04-08 | $0.0840 |
| 2025-10-10 | $0.0960 |
| 2025-04-07 | $0.0960 |
| 2024-04-04 | $0.1444 |
Amounts adjusted for stock splits.
Related companies: APPS · BMBL · CINT · DCBO · DJCO · IBTA · LYTS
Explore sector: Technology · Software - Application
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