NetEase Ratios and Metrics

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 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 Cap	569,599	98,958	64,148	67,894	53,143	75,632
Market Cap Growth	8.12%	54.26%	-5.52%	27.76%	-29.73%	3.46%
Enterprise Value	401,099	-72,991	-73,220	-48,496	-43,325	-16,170
PE Ratio	15.42	18.37	14.17	-	-	196.03
Forward PE	12.66	-	-	-	-	-
PEG Ratio	1.14	-	-	-	-	-
PS Ratio	4.54	0.77	0.54	0.58	0.49	0.76
PB Ratio	3.10	0.54	0.41	0.48	0.45	0.70
P/TBV Ratio	0.77	0.55	0.42	0.49	0.46	-
P/FCF Ratio	10.30	1.76	1.47	1.81	1.83	2.86
P/OCF Ratio	10.09	1.72	1.42	1.69	1.69	2.67
EV/Sales Ratio	3.20	-0.57	-0.61	-0.41	-0.40	-0.16
EV/EBITDA Ratio	9.46	-1.69	-2.02	-1.39	-1.70	-0.72
EV/EBIT Ratio	10.06	-1.79	-2.18	-1.54	-1.94	-0.87
EV/FCF Ratio	7.26	-1.29	-1.68	-1.29	-1.49	-0.61
Debt / Equity Ratio	0.04	0.04	0.09	0.16	0.26	0.22
Debt / EBITDA Ratio	0.17	0.17	0.40	0.67	1.27	1.10
Debt / FCF Ratio	0.13	0.13	0.33	0.62	1.11	0.93
Net Debt / Equity Ratio	-0.97	-0.97	-0.90	-0.85	-0.85	-0.89
Net Debt / EBITDA Ratio	-4.10	-4.10	-3.90	-3.45	-3.96	-4.31
Net Debt / FCF Ratio	-3.14	-3.14	-3.25	-3.22	-3.48	-3.64
Asset Turnover	0.54	0.54	0.55	0.58	0.59	0.59
Inventory Turnover	63.81	63.81	62.34	47.84	44.66	52.22
Quick Ratio	3.21	3.21	2.88	2.47	2.16	2.22
Current Ratio	3.45	3.45	3.09	2.65	2.32	2.24
Return on Equity (ROE)	22.64%	22.64%	22.38%	24.80%	18.48%	18.63%
Return on Assets (ROA)	14.63%	14.63%	13.12%	13.32%	9.53%	8.94%
Return on Invested Capital (ROIC)	80.38%	80.38%	62.99%	60.68%	43.88%	19.18%
Return on Capital Employed (ROCE)	22.73%	22.73%	21.25%	22.34%	17.92%	16.56%
Earnings Yield	6.60%	5.44%	7.06%	0.00%	0.00%	0.51%
FCF Yield	9.70%	56.97%	67.94%	55.21%	54.69%	35.00%
Dividend Yield	2.56%	2.25%	2.68%	1.88%	2.08%	0.00%
Payout Ratio	40.95%	40.95%	37.60%	27.24%	34.11%	20.81%
Buyback Yield / Dilution	0.10%	0.73%	15.62%	8.75%	17.79%	19.39%
Total Shareholder Return	2.66%	2.99%	18.30%	10.63%	19.86%	19.39%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.