GDS Holdings Limited (GDS)

GDS Holdings Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	4,767	6,993	4,619	1,738	3,929	8,814
Market Cap Growth	-27.21%	51.40%	165.78%	-55.77%	-55.42%	-49.64%
Enterprise Value	9,544	11,868	11,397	7,428	8,945	12,362
Last Close Price	25.32	34.90	23.76	9.12	20.62	47.16

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	10.35	54.63	10.07	-	-	-
Forward PE	107.40	124.87	-	-	-	-
PS Ratio	2.81	4.28	3.27	1.26	2.92	7.16
PB Ratio	1.14	1.76	1.42	0.61	1.12	2.16
P/TBV Ratio	1.44	2.41	2.10	1.00	1.82	3.62
P/OCF Ratio	9.47	14.54	17.39	5.97	9.65	46.61

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	5.46	7.26	8.06	5.38	6.66	10.04
EV/EBITDA Ratio	12.16	16.72	18.95	12.63	16.04	24.84
EV/EBIT Ratio	32.28	55.14	72.47	65.66	84.98	137.89

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	1.43	1.71	1.88	2.19	1.85	1.46
Debt / EBITDA Ratio	7.93	8.74	9.09	9.40	10.28	10.60
Net Debt / Equity Ratio	0.98	1.17	1.55	1.82	1.49	1.07
Net Debt / EBITDA Ratio	5.90	6.56	8.34	8.79	9.38	8.80
Net Debt / FCF Ratio	-37.96	-24.51	-27.80	-26.95	-6.75	-3.21
Asset Turnover	0.15	0.15	0.14	0.13	0.13	0.12
Quick Ratio	1.38	2.53	1.23	1.21	1.05	0.89
Current Ratio	1.78	2.60	1.28	1.32	1.13	1.07
Return on Equity (ROE)	12.77%	3.73%	-3.52%	-17.72%	-4.41%	-4.53%
Return on Assets (ROA)	1.57%	1.23%	0.97%	0.67%	0.62%	0.55%
Return on Invested Capital (ROIC)	2.79%	1.68%	1.96%	1.37%	1.27%	1.28%
Return on Capital Employed (ROCE)	2.90%	2.10%	1.80%	1.20%	1.10%	1.00%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	10.62%	1.94%	10.16%	-34.81%	-5.38%	-2.26%
FCF Yield	-2.52%	-2.71%	-3.90%	-11.04%	-19.72%	-15.50%
Payout Ratio	-	5.70%	1.58%	-	-	-
Buyback Yield / Dilution	-16.20%	-11.49%	-0.47%	-0.26%	-0.79%	-15.90%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 14, 2026

Data Sources Report a data error