PDD Holdings Inc. Sponsored ADR

PDD Consumer Cyclical Internet Retail

PDD Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $61.8 billion, up 14.5% from fiscal 2024.

Revenue
+14.1%
EPS
−7.17%
Free cash flow
+25.4%

Quarter to June 2026, against a year earlier

82.36 2.19 +2.73%
Market cap
$114.1B
P/E
8.4×
Fwd P/E
8.0×
Dividend yield
—
F-score
5/9
Altman Z
5.46
Beneish M
−2.12
Dividend safety
n/a

PDD Holdings Inc. Sponsored ADR (PDD) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, PDD Holdings Inc. Sponsored ADR (PDD) trades at a P/B ratio of 1.7×. Over the past ten years it has ranged from 0.0× (September 2018) to 49.5× (December 2020); the current reading is higher than 4% of that period. That is in line with the Internet Retail industry median of 1.7× and in line with the Consumer Cyclical sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.7× (14.27%)
FY2024 3.1× (58.18%)
FY2023 7.5× 19.46%
FY2022 6.3× 0.99%
FY2021 6.2× (73.01%)
FY2020 23.0× 85.84%
FY2019 12.4× 103.17%
FY2018 6.1× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.6× (30.43%)
Mar 2026 2.3× (12.83%)
Dec 2025 2.7× (20.30%)
Sep 2025 3.4× 16.22%
30 more quarters

Against its own ten years

Low 0.0× High 49.5×
Ten-year median 6.3×
Current reading's percentile 2

P/B ratio against peers

Company P/B ratio
W Wayfair Inc. compare n/m
JD JD.com, Inc. compare 0.9×
BABA Alibaba Group Holding Limited compare 1.4×
PDD PDD Holdings Inc. Sponsored ADR 1.7×
SE Sea Limited Sponsored ADR compare 3.7×
DASH DoorDash, Inc. compare 7.4×
CPNG Coupang, Inc. compare 9.7×
MELI MercadoLibre, Inc. compare 10.8×
EBAY eBay Inc. compare 12.0×
Internet Retail industry median 1.7×
Consumer Cyclical sector median 1.7×
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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