PDD Holdings Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 23, 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	118,493	137,101	130,104	175,861	96,481	64,248
Market Cap Growth	-0.95%	5.38%	-26.02%	82.28%	50.17%	-63.93%
Enterprise Value	67,604	87,681	89,038	153,159	80,593	52,588
Last Close Price	83.60	96.00	93.80	129.80	74.10	47.10
PE Ratio	9.79	11.33	8.74	22.96	22.55	59.75
PS Ratio	2.25	2.61	2.50	5.57	5.45	4.94
PB Ratio	2.35	2.71	3.14	7.36	6.04	6.18
P/TBV Ratio	2.35	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	9.10	10.53	8.06	14.64	14.66	16.13
EV/Sales Ratio	1.28	1.67	1.71	4.85	4.55	4.04
EV/EBITDA Ratio	5.67	7.55	6.17	20.18	18.21	45.27
EV/EBIT Ratio	5.85	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	10.21%	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.