KE Holdings Inc. Sponsored ADR

BEKE Real Estate Real Estate Services

KE Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $13.5 billion, up 5.63% from fiscal 2024.

Revenue
−0.39%
EPS
+125.0%
Free cash flow
+760.5%
Total debt
+608.0%

Quarter to June 2026, against a year earlier

19.02 0.20 +1.06%
Market cap
$19.8B
P/E
29.0×
Fwd P/E
19.4×
Dividend yield
1.46%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 102.65
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 2 — —
Insider Ownership 3.56%

Capital & Financial Ratios $m

Size
Market Cap 19,750.00
Revenue ttm 13,034.55
Net income ttm 699.13
Free cash flow ttm 804.08
Net debt Q (8,000.87)
Valuation
P/E 28.97
Forward P/E 19.40
Price / sales 1.56
Forward P/S Powerpack
Price / FCF 25.36
Price / book 2.11
Financial health
Current ratio Q 3.30
Debt / equity Q 0.03
Interest coverage Q —
Growth
Revenue growth Q −0.39% (below 0%: shrinking)
Operating income growth Q +201.58% (above 0%: growing)
EPS, this year −2.76% (below 0%: weak)
EPS, next year A +14.09%
Revenue, next year A −4.14% (below 0%: weak)
EPS, past 5 yrs +19.79% (at or above 15%: strong)
EPS, next 5 yrs A +7.46%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 27.77%
10-year low 10-year high
P/S against its own 10 years 46.25%
10-year low 10-year high
P/B against its own 10 years 62.62%
10-year low 10-year high
EV/Sales against its own 10 years 31.24%
10-year low 10-year high
EV/FCF against its own 10 years 47.65%
10-year low 10-year high

Dividends

Yield
1.46%
Annual rate
0.28
Payout ratio
44.4%
Growth, 2024–25
+2.56%/yr
  1. 0.35 ’24
  2. 0.36 ’25 +3
  3. 0.42 ’26e +16
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 8,467 8,442 7,940 8,255
Receivables 704 1,196 866 1,172
Inventory — — — —
Other — — — —
9,171 9,638 8,806 9,427
2023 2024 2025 Q'26
Payables 891 1,300 865 899
ST’ Debt 41 39 101 200
Other — — — —
2,882 3,489 2,982 2,858

Compound Annual Growth %

10y 5y 3y
Sales — 4.60% 15.42%
Cash Flow — 0.00% 0.00%
Earnings — 31.13% 0.00%
Book Value — (1.45%) (1.69%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.16 0.35 — — —
’25 0.10 0.16 0.09 0.02 0.37
’24 0.05 0.22 0.14 0.07 0.47
’23 0.33 0.15 0.13 0.08 0.69
’22 (0.08) (0.23) 0.08 0.06 (0.17)
’21 0.13 0.14 (0.23) (0.12) (0.07)
’20 (0.15) 0.35 (0.05) 0.36 0.15
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,739 3,617 — — —
’25 3,215 3,631 3,238 3,441 13,525
’24 2,268 3,216 3,218 4,101 12,804
’23 2,953 2,687 2,441 2,874 10,955
’22 1,979 2,057 2,474 2,286 8,796
’21 3,159 3,744 2,808 2,960 12,672
’20 1,020 2,842 3,027 26,519 10,802
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (213) 969 — — —
’25 (546) 113 112 268 (54)
’24 (127) 660 81 681 1,294
’23 1,111 (51) 227 285 1,572
’22 132 437 249 409 1,227
’21 377 161 (179) 205 564
’20 (586) 1,303 1,216 1,701 1,435
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (213) 969 — — —
’25 (546) 113 112 268 (141)
’24 (127) 660 81 681 1,152
’23 1,111 (51) 227 285 1,448
’22 132 437 249 409 1,112
’21 377 161 (179) 205 340
’20 (586) 1,303 1,216 1,701 1,299
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 29,410 33,930 6,513 10,802 12,672 8,796 10,955 12,804 13,525 13,035 (9.3%) 12,965 13,534 14,134 +1.5%
Gross margin, % — 18.69 23.98 24.49 23.92 19.59 22.71 27.92 24.55 21.37 23.98 +2.7 pt
EBT — (174) (593) (181) 672 179 42 1,110 941 669 1,031 n/m
EBT margin, % — (0.59) (1.75) (2.77) 6.22 1.41 0.48 10.14 7.35 4.95 7.91 +5.5 pt
Net income — (662) (554) (309) 426 (82) (203) 830 559 428 699 n/m
Per share, $
Per share, $ Revenue — 24.48 28.79 14.18 14.56 10.71 7.39 9.33 11.26 12.20 12.09 (8.3%)
Earnings — (0.55) (0.47) (1.27) 0.15 (0.07) (0.17) 0.71 0.49 0.39 0.65 n/m
Cash flow — (6.20) 3.23 0.03 1.93 0.48 1.03 1.34 1.14 (0.05) 1.05 (45.5%)
Capex — 0.00 0.00 (0.22) (0.18) (0.19) (0.10) (0.10) (0.12) (0.08) (0.31) n/m
Free cash flow — (6.20) 3.23 (0.18) 1.75 0.29 0.93 1.23 1.01 (0.13) 0.75 (38.5%)
Book value — 12.36 14.37 (2.72) 13.79 8.89 8.42 8.66 8.61 8.58 8.96 (4.5%)
Shares, m — 1,201 1,179 459 742 1,183 1,190 1,174 1,137 1,109 1,096 (1.0%)
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 157.79 0.00 0.00 22.14 36.84 41.18 28.97 28.7
P/S — 0.00 0.00 0.00 2.26 1.88 2.00 1.68 1.64 1.29 1.56 1.2
P/B — 0.00 0.00 0.00 0.95 2.26 1.76 1.81 2.14 1.84 2.11 1.2
EV/Sales — 0.00 0.00 0.00 0.23 1.60 1.85 1.71 1.66 0.72 0.95 0.9
EV/FCF — 0.00 0.00 0.00 2.09 36.04 13.26 17.49 22.92 (23.46) 15.41 7.6
Cash, $m
Cash, $m Operating cash flow — (7,445) 3,810 16 1,435 564 1,227 1,572 1,294 (54) 1,136 (46.0%)
Capex — (663) (643) (100) (136) (224) (115) (123) (142) (87) (332) (22.4%)
Free cash flow — (7,445) 3,810 (84) 1,299 340 1,112 1,448 1,152 (141) 804 (39.1%)
Balance, $m
Balance, $m Working capital — 9,628 7,757 3,894 9,283 7,383 6,730 6,289 6,149 5,824 6,569 (6.1%)
Net debt — (12,150) (10,487) (3,661) (9,762) (3,474) (1,356) (8,426) (8,402) (7,776) (8,001) (5.4%)
Shareholders’ equity — 14,851 16,932 (1,251) 10,236 10,522 10,012 10,169 9,788 9,514 9,665 (5.4%)
Returns, %
Returns, % ROA — (12.60) (1.35) (2.13) 0.87 (0.52) (1.27) 5.05 3.17 2.45 4.12 +15.0 pt
ROIC — 0.00 0.00 0.00 57.40 (1.89) (0.87) 24.23 23.26 10.85 26.41 +10.9 pt
ROE — 68.21 7.30 11.28 2.46 (0.79) (1.96) 8.21 5.58 4.44 7.23 (63.8) pt
People
People Employees — — — 87,706 119,658 110,082 98,540 116,344 135,072 119,245 — +5.3%
Revenue/emp, $m — 0.00 0.00 0.07 0.09 0.12 0.09 0.09 0.09 0.11 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

KE Holdings Inc. Sponsored ADR vs peers in Real Estate Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CBRE CBRE Group, Inc. $39.3B 29.0× 22.6× +12.68% (above 0%: growing) +25.41% (above 0%: growing) +12.27% (above 0%: growing) 18.45% 4.87% Compare
BEKE KE Holdings Inc. Sponsored ADR $19.8B 29.0× 19.4× −0.39% (below 0%: shrinking) +125.00% (above 0%: growing) +760.48% (above 0%: growing) 28.58% 12.33%
JLL Jones Lang LaSalle Incorporated $17.1B 15.9× 14.5× +11.84% (above 0%: growing) +47.98% (above 0%: growing) −2.03% (below 0%: shrinking) 54.81% 5.37% Compare
CSGP CoStar Group, Inc. $12.9B 72.8× 52.1× +14.15% (above 0%: growing) n/m +541.67% (above 0%: growing) 77.84% 8.82% Compare
COMP Compass, Inc. $7.1B 131× 200× +109.03% (above 0%: growing) +71.43% (above 0%: growing) +164.71% (above 0%: growing) 100.00% 2.88% Compare
FSV FirstService Corporation $6.4B 46.9× 43.6× +5.81% (above 0%: growing) −20.80% (below 0%: shrinking) −39.90% (below 0%: shrinking) 32.46% 7.01% Compare
CIGI Colliers International Group Inc. $4.9B 45.4× 36.5× +16.68% (above 0%: growing) +600.00% (above 0%: growing) +285.13% (above 0%: growing) 40.39% 6.26% Compare
CWK Cushman & Wakefield PLC $3.3B 48.9× 12.4× +7.75% (above 0%: growing) +0.91% (above 0%: growing) −21.73% (below 0%: shrinking) 17.32% 4.63% Compare
IHS IHS Holding Limited $2.9B 20.1× 11.9× +10.41% (above 0%: growing) n/m −41.30% (below 0%: shrinking) 48.32% 19.32% Compare
Median of peers $6.8B 46.1× 29.6× +12.26% +36.70% +5.12% 44.36% 5.82%

All 44 Real Estate Services stocks →

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BEKE metrics, ten years each

stockrow.com/BEKE · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com