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

NetEase, Inc. (NTES) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, NetEase, Inc. (NTES) trades at a P/S ratio of 4.7×. Over the past ten years it has ranged from 2.5× (October 2022) to 8.8× (June 2015); the current reading is higher than 47% of that period. That is above the Electronic Gaming & Multimedia industry median of 0.6× and above the Communication Services sector median of 0.9×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 5.4× 37.57%
FY2024 4.0× (3.02%)
FY2023 4.1× 14.45%
FY2022 3.6× (27.58%)
FY2021 4.9× (12.18%)
FY2020 5.6× 20.80%
FY2019 4.6× 48.87%
FY2018 3.1× (43.45%)
FY2017 5.5× 5.88%
FY2016 5.2× (23.01%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 4.8× 11.01%
Mar 2026 4.3× (20.64%)
Dec 2025 5.4× (14.03%)
Sep 2025 6.3× 11.19%
42 more quarters

Against its own ten years

Low 2.5× High 8.8×
Ten-year median 4.8×
Current reading's percentile 51

P/S ratio against peers

Company P/S ratio
PLTK Playtika Holding Corp. compare 0.3×
GDEV GDEV Inc. compare 0.4×
SOHU Sohu.com Inc. compare 0.6×
GRVY GRAVITY Co., Ltd. compare 1.2×
FIRY Firy Inc. compare 1.5×
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 1.8×
NTES NetEase, Inc. 4.7×
RBLX Roblox Corporation compare 5.8×
TTWO Take-Two Interactive Software, Inc. compare 5.9×
Electronic Gaming & Multimedia industry median 0.6×
Communication Services sector median 0.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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