PDD Holdings Ratios and Metrics

Market cap in millions PEN. Fiscal year is January - December.

Millions PEN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	486,818	541,548	508,023	721,851	392,759	291,660
Market Cap Growth	-21.73%	6.60%	-29.62%	83.79%	34.66%	-62.97%
Enterprise Value	279,128	346,338	347,671	628,668	328,082	238,728
Last Close Price	352.25	353.64	-	-	-	-
PE Ratio	10.19	11.33	8.74	22.96	22.55	59.75
PS Ratio	2.34	2.61	2.50	5.57	5.45	4.94
PB Ratio	2.44	2.71	3.14	7.36	6.04	6.18
P/TBV Ratio	2.44	2.71	3.14	7.36	6.05	6.24
P/FCF Ratio	-	10.53	8.13	14.73	14.86	18.21
P/OCF Ratio	9.46	10.53	8.06	14.64	14.66	16.13
EV/Sales Ratio	1.30	1.67	1.71	4.85	4.55	4.04
EV/EBITDA Ratio	5.74	7.55	6.17	20.18	18.21	45.27
EV/EBIT Ratio	5.91	7.61	6.21	20.45	19.54	55.09
EV/FCF Ratio	-	6.73	5.56	12.83	12.41	14.90
Debt / Equity Ratio	0.01	0.01	0.03	0.05	0.14	0.17
Debt / EBITDA Ratio	0.06	0.06	0.10	0.17	0.51	1.43
Debt / FCF Ratio	0.05	0.05	0.09	0.11	0.35	0.50
Net Debt / Equity Ratio	-1.00	-1.00	-1.02	-1.11	-1.12	-1.07
Net Debt / EBITDA Ratio	-4.37	-4.37	-2.94	-3.48	-4.06	-9.55
Net Debt / FCF Ratio	-3.90	-3.90	-2.65	-2.21	-2.77	-3.14
Asset Turnover	0.76	0.76	0.92	0.85	0.62	0.55
Quick Ratio	2.06	2.06	1.82	1.49	1.34	1.05
Current Ratio	2.45	2.45	2.21	1.93	1.85	1.72
Return on Equity (ROE)	27.29%	27.29%	44.92%	39.36%	32.70%	11.48%
Return on Assets (ROA)	10.42%	10.42%	15.89%	12.54%	9.08%	2.54%
Return on Capital Employed (ROCE)	22.60%	22.60%	34.20%	30.10%	25.30%	7.90%
Earnings Yield	9.82%	8.82%	11.44%	4.35%	4.44%	1.67%
FCF Yield	-	9.50%	12.30%	6.79%	6.73%	5.49%
Buyback Yield / Dilution	-0.22%	-0.22%	-1.32%	-1.36%	-0.83%	-19.83%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.