PDD Holdings Ratios and Metrics

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 26, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	755,620	833,087	943,217	545,105	407,106	1,131,502
Market Cap Growth	-20.62%	-11.68%	73.03%	33.90%	-64.02%	540.34%
Enterprise Value	457,879	570,133	821,459	455,341	333,222	1,103,417
Last Close Price	52.06	60.24	71.33	43.98	-	-
PE Ratio	9.87	8.74	22.96	22.55	59.75	-
PS Ratio	2.41	2.50	5.57	5.45	4.94	23.91
PB Ratio	2.58	3.14	7.36	6.04	6.18	23.64
P/TBV Ratio	2.58	3.14	7.36	6.05	6.24	24.15
P/FCF Ratio	9.06	8.13	14.73	14.86	18.21	50.53
P/OCF Ratio	8.98	8.06	14.64	14.66	16.13	50.45
EV/Sales Ratio	1.52	1.71	4.85	4.55	4.04	23.32
EV/EBITDA Ratio	6.61	6.17	20.18	18.21	45.27	-
EV/EBIT Ratio	6.86	6.21	20.45	19.54	55.09	-
EV/FCF Ratio	5.49	5.56	12.83	12.41	14.90	49.27
Debt / Equity Ratio	0.03	0.03	0.05	0.14	0.17	0.28
Debt / EBITDA Ratio	0.11	0.10	0.17	0.51	1.43	-
Debt / FCF Ratio	0.10	0.09	0.11	0.35	0.50	0.60
Net Debt / Equity Ratio	-1.05	-1.02	-1.11	-1.12	-1.07	-1.16
Net Debt / EBITDA Ratio	-4.43	-2.94	-3.48	-4.06	-9.55	8.02
Net Debt / FCF Ratio	-3.71	-2.65	-2.21	-2.77	-3.14	-2.49
Asset Turnover	0.78	0.92	0.85	0.62	0.55	0.51
Quick Ratio	2.00	1.82	1.49	1.34	1.05	1.10
Current Ratio	2.36	2.21	1.93	1.85	1.72	1.78
Return on Equity (ROE)	30.53%	44.92%	39.36%	32.70%	11.48%	-16.93%
Return on Assets (ROA)	10.70%	15.89%	12.54%	9.08%	2.54%	-4.99%
Return on Capital Employed (ROCE)	23.40%	34.20%	30.10%	25.30%	7.90%	-12.50%
Earnings Yield	10.13%	11.44%	4.35%	4.44%	1.67%	-0.51%
FCF Yield	11.04%	12.30%	6.79%	6.73%	5.49%	1.98%
Buyback Yield / Dilution	-0.86%	-1.32%	-1.36%	-0.83%	-19.83%	-3.05%

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