Zhihu Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 2, 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	273	299	561	810	3,111	-
Market Cap Growth	-22.88%	-46.69%	-30.74%	-73.97%	-	-
Enterprise Value	-320	-395	-195	-102	2,074	-
Last Close Price	3.28	3.54	5.62	7.80	33.24	-
PS Ratio	0.66	0.61	0.95	1.55	6.68	-
PB Ratio	0.46	0.52	0.85	0.98	2.93	-
P/TBV Ratio	0.50	0.55	0.93	1.02	3.00	-
EV/Sales Ratio	-	-	-	-	4.45	-
Debt / Equity Ratio	0.04	0.01	0.01	0.02	0.02	0.00
Net Debt / Equity Ratio	-1.02	-1.15	-1.15	-1.08	-1.05	-1.13
Net Debt / EBITDA Ratio	19.93	10.54	5.17	3.91	5.18	5.30
Net Debt / FCF Ratio	-	17.10	12.78	5.53	15.84	12.56
Asset Turnover	0.52	0.57	0.58	0.44	0.47	0.35
Inventory Turnover	-	53.37	116.99	240.38	-	-
Quick Ratio	3.58	3.51	3.18	3.92	4.31	3.55
Current Ratio	3.69	3.60	3.28	4.01	4.39	3.67
Return on Equity (ROE)	2.41%	-3.80%	-16.15%	-25.39%	-30.99%	-17.35%
Return on Assets (ROA)	-2.51%	-4.80%	-9.27%	-12.18%	-13.83%	-9.73%
Return on Capital Employed (ROCE)	-5.50%	-11.40%	-22.10%	-27.50%	-20.10%	-21.90%
Earnings Yield	5.25%	-7.87%	-21.21%	-28.31%	-7.44%	-
FCF Yield	-	-12.96%	-10.66%	-19.97%	-2.27%	-
Buyback Yield / Dilution	11.72%	8.55%	1.87%	-26.92%	-267.91%	-4.87%

Updated Nov 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q