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Friday 6 November 2026 Export NTES’s income statement to Excel — free account

NetEase, Inc.

NTES Communication Services Electronic Gaming & Multimedia

NetEase, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 11.6% from fiscal 2024.

Revenue
+14.0%
EPS
−14.4%
Free cash flow
+1.53%
Total debt
+18.0%

Quarter to June 2026, against a year earlier

126.73 5.47 +4.51%
Market cap
$80.6B
P/E
16.9×
Fwd P/E
12.5×
Dividend yield
2.31%
F-score
9/9
Altman Z
9.21
Beneish M
−2.86
Dividend safety
69/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NetEase, Inc. (NTES) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, NetEase, Inc. (NTES) trades at a P/B ratio of 3.2×. Over the past ten years it has ranged from 2.4× (October 2022) to 7.5× (December 2017); the current reading is higher than 10% of that period. That is above the Electronic Gaming & Multimedia industry median of 0.7× and above the Communication Services sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 3.7× 26.99%
FY2024 2.9× (11.32%)
FY2023 3.3× 4.28%
FY2022 3.2× (27.17%)
FY2021 4.3× (12.69%)
FY2020 5.0× 13.29%
FY2019 4.4× (3.43%)
FY2018 4.5× (29.17%)
FY2017 6.4× 24.27%
FY2016 5.2× (1.73%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 3.2× 7.05%
Mar 2026 3.0× (18.36%)
Dec 2025 3.7× (25.25%)
Sep 2025 5.0× 13.03%
42 more quarters

Against its own ten years

Low 2.4× High 7.5×
Ten-year median 4.4×
Current reading's percentile 11

P/B ratio against peers

Company P/B ratio
GDEV GDEV Inc. compare n/m
RBLX Roblox Corporation compare n/m
PLTK Playtika Holding Corp. compare n/m
SOHU Sohu.com Inc. compare 0.3×
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 0.7×
GRVY GRAVITY Co., Ltd. compare 1.0×
FIRY Firy Inc. compare 2.1×
NTES NetEase, Inc. 3.2×
TTWO Take-Two Interactive Software, Inc. compare 11.0×
Electronic Gaming & Multimedia industry median 0.7×
Communication Services sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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