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	May '26 May 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 Capitalization	579,101	679,844	438,446	439,512	355,106	512,247
Market Cap Growth	24.44%	55.06%	-0.24%	23.77%	-30.68%	0.45%
Enterprise Value	409,172	530,042	317,286	337,329	263,572	441,816
Last Close Price	181.50	212.47	133.54	132.18	105.74	142.84
PE Ratio	15.56	18.10	13.87	13.56	15.45	24.76
Forward PE	12.73	16.02	12.23	12.65	16.14	20.25
PS Ratio	4.62	5.42	3.91	3.86	3.26	4.76
PB Ratio	3.15	3.70	2.89	3.12	2.89	4.20
P/TBV Ratio	3.39	3.98	3.14	3.43	3.26	4.74
P/FCF Ratio	10.48	12.30	10.73	12.08	12.27	17.89
P/OCF Ratio	10.26	12.04	10.38	11.29	11.34	16.74
PEG Ratio	1.38	1.85	1.31	0.67	1.39	0.94
EV/Sales Ratio	3.26	4.23	2.83	2.96	2.42	4.11
EV/EBITDA Ratio	9.61	12.51	9.32	9.95	10.37	18.28
EV/EBIT Ratio	10.26	13.29	10.08	11.05	11.88	21.92
EV/FCF Ratio	7.40	9.59	7.76	9.27	9.10	15.43
Debt / Equity Ratio	0.04	0.04	0.09	0.16	0.26	0.22
Debt / EBITDA Ratio	0.18	0.18	0.40	0.66	1.24	1.08
Debt / FCF Ratio	0.14	0.14	0.33	0.62	1.11	0.93
Net Debt / Equity Ratio	-0.95	-0.95	-0.88	-0.83	-0.82	-0.76
Net Debt / EBITDA Ratio	-4.14	-4.14	-3.90	-3.46	-3.96	-3.86
Net Debt / FCF Ratio	-3.17	-3.17	-3.25	-3.22	-3.48	-3.25
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	3.27	3.27	2.94	2.53	2.18	2.07
Current Ratio	3.45	3.45	3.09	2.65	2.32	2.24
Return on Equity (ROE)	22.63%	22.63%	22.36%	24.78%	18.45%	17.57%
Return on Assets (ROA)	10.73%	10.73%	9.68%	9.66%	7.52%	6.94%
Return on Invested Capital (ROIC)	228.06%	242.07%	127.20%	114.91%	71.84%	59.93%
Return on Capital Employed (ROCE)	21.20%	21.20%	20.20%	21.00%	16.90%	15.90%
Earnings Yield	6.49%	5.53%	7.21%	7.37%	6.48%	4.04%
FCF Yield	9.55%	8.13%	9.32%	8.28%	8.15%	5.59%
Dividend Yield	2.57%	2.18%	3.01%	3.03%	2.05%	1.28%
Payout Ratio	40.95%	40.95%	37.60%	27.24%	33.06%	20.81%
Buyback Yield / Dilution	0.39%	0.39%	0.66%	1.33%	2.12%	-0.53%
Total Shareholder Return	2.96%	2.56%	3.67%	4.37%	4.17%	0.75%

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