Stock · PDD · Consumer Cyclical

PDD Holdings Inc.

Ireland · Large Cap · listed since 2018 · Revenue 12 mo. CN¥449.1B

Price as of 11/06/2026

7.3

of 10 8 of 11 points High Match To the score

Price: $83.03; 1 Y −48.9%
Market cap: $113.7B
Phase: Growth; revenue growing, core business profitable; Revenue +49.0% a year (3 years)EBIT margin 21.6%Payout 0.0% of operating cash flow

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses.

moreless

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Original text from the data provider

Summary

PDD Holdings Inc. is around the middle of the Consumer Cyclical sector overall

58.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Profitability81.1above the middle
Growth53.6around the middle
Valuation93.6above the middle
Momentum16.0below the middle
Quality22.4below the middle
Balance sheet & risk81.9above the middle

Analysis

What the price requires

The market value is below the value without growth: the price requires no FCF growth.

Required FCF growth per year

no growth

Discount rate

Period

no growth afterwards

1 sign supports the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

Low capital needs capex median 0.3% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

Volatile earnings 3 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly worse than the previous quarter: 2 of 2 changes for the worse.

Net debt−CN¥193.4B → −CN¥124.1B+35.9%worse
Return on equity23.0% → 20.8%−2.1 ppworse

6 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability81.1above the middleEarns more than the sector: FCF margin 24.50%, sector 8.07%.

Metric	Stock	Sector median	Position in sector
Return on equity	23.57%	11.07%	Rank 77
Return on capital (Greenblatt)	29.73%	17.91%	Rank 71
EBIT margin	21.56%	10.89%	Rank 84
FCF margin	24.50%	8.07%	Rank 92
Gross margin	56.28%	34.00%	Rank 81

Growth53.6around the middleGrows about as fast as the sector.

Metric	Stock	Sector median	Position in sector
Revenue growth, 1 year	9.65%	5.10%	Rank 71
Earnings growth, 3 years per year	44.45%	8.34%	Rank 88
Earnings growth, 5 years per yeardoes not count towards the rank	–	15.10%
Sustainable growth (ROE × retained earnings)	0.27%	4.34%	Rank 2

Valuation93.6above the middleValued lower than the sector: EV/EBIT 2.84, sector 16.88.

Metric	Stock	Sector median	Position in sector
Earnings yield	11.96%	4.32%	Rank 95
FCF yield	14.00%	4.17%	Rank 93
EV/saleslower is better	0.61	1.95	Rank 87
EV/EBITlower is better	2.84	16.88	Rank 100

Momentum16.0below the middleShare price doing worse than the sector: Share price, 1 year −48.89%, sector −4.35%.

Metric	Stock	Sector median	Position in sector
Share price, 1 year	−48.89%	−4.35%	Rank 4
Share price, 6 months	−15.46%	3.63%	Rank 17
Share price, 3 months	−4.38%	2.92%	Rank 30
Distance from 52-week high	−39.89%	−15.83%	Rank 12

Quality22.4below the middleQuality below the sector: Dividend streak in years –, sector 4.

Metric	Stock	Sector median	Position in sector
Accruals (Sloan)lower is better	6.05%	0.39%	Rank 16
Change in share countlower is better	0.22%	−0.37%	Rank 23
Dividend streak in years	–	4	Rank 12
Price reaction to results, market-adjusted	−1.20%	0.16%	Rank 39

Balance sheet & risk81.9above the middleLess risk than the sector: Net debt/EBITDA −4.01, sector 0.99.

Metric	Stock	Sector median	Position in sector
Equity ratio	65.85%	40.59%	Rank 86
Net debt/EBITDAlower is better	−4.01	0.99	Rank 99
Debt to equitylower is better	0.01	0.49	Rank 94
Volatility, 1 yearlower is better	33.46%	33.42%	Rank 49

Ten years in figures

Revenue from CN¥504.9M (2016) to CN¥431.8B (2025), 111.7% a year.

Fiscal years, amounts in CNY
Year	Revenue	EBIT margin	FCF	Shares	Net debt
2016	CN¥504.9M	−56.7%	CN¥877.5M	3.44B	−CN¥1.3B
2017	CN¥1.7B	−34.2%	CN¥306.6M	3.44B	−CN¥3.1B
2018	CN¥13.1B	−82.3%	CN¥7.7B	2.97B	−CN¥14.2B
2019	CN¥30.1B	−28.3%	CN¥14.8B	4.63B	CN¥881.6M
2020	CN¥59.5B	−15.8%	CN¥28.2B	1.19B	−CN¥5.5B
2021	CN¥93.9B	7.3%	CN¥25.5B	1.43B	CN¥6.3B
2022	CN¥130.6B	23.3%	CN¥6.4B	1.44B	−CN¥17.4B
2023	CN¥247.6B	23.7%	CN¥93.6B	1.46B	−CN¥49.6B
2024	CN¥393.8B	27.5%	CN¥121.0B	1.48B	−CN¥47.2B
2025	CN¥431.8B	21.6%	CN¥105.8B	1.48B	−CN¥177.5B

7.3 / 10High MatchStockScorer score8 of 11 points

5 of 7 StockScorer Score rules met · How the score is built

PDD Holdings Inc. mainly meets criteria in the Profitability category. Result from 18 strategies checked.

Watch this stock See strategy overview →

How PDD Holdings Inc.'s score is built

PDD Holdings Inc. is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

5 of 7 rules met

8 of 11 points

Free cash flow yield above the sector medianmet2 of 2 points
Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
Return on equity above the sector medianmet1 of 1 point
Free cash flow margin above the sector medianmet2 of 2 points
Revenue growth above 15%not met0 of 2 points
3-year earnings growth above 12% p.a.met1 of 1 point
12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
Exclusion: financial and real estate stocksdoes not apply

Detail data

How does PDD Holdings Inc. stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

Mohanram G-Score: Growth QualityFor growth stocks, the substance check shows what is real investment and what is only an announcement.
Low
Acquirer's Multiple: EV/EBIT Deep ValueOnly the operating business is priced, the way an acquirer would look at it.
High
StockScorer ScoreMeasured against its own sector: quality, valuation, growth and market confirmation.
High
Undervalued Stocks: Multi-Factor CheckFifteen criteria together decide whether a cheap valuation actually holds up, or is just a value trap.
High
Moat QualityCompanies with an economic moat, recognisable by persistently high returns and defended margins.
High
Magic Formula: Value + QualityGood companies at cheap prices: two factors, one score.
High

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

Piotroski F-Score (9-Point Check)
Trending Value: Value + Momentum
Altman Z-Score: Stress Test
Earnings Quality: Accrual Check (Sloan)
Defensive: Low Volatility
Levermann Strategy (13 Criteria)
High-Growth / Rule of 40
Dividend Aristocrats & Continuity
Dividend Quality: 4 Factors
Balanced GARP
PEG Strategy (inspired by Peter Lynch)
Growth Momentum (CAN SLIM principle)

Open complete overview

PDD Holdings Inc. key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for PDD Holdings Inc.

Metric	Stock	Sector
P/E ratio	8.4	21.6
P/B ratio	2.0	2.4
Return on equity (ROE)	23.6%	11.1%
Equity ratio	65.9%	40.6%
Debt-to-equity (D/E)	0.01	0.49
Dividend yield	0.0%	2.2%

Similar stocks in Consumer Cyclical

How comparable stocks in the same sector score in the StockScorer model.

Symbol	Company	Rating
PDD	PDD Holdings Inc.this page
DASH	DoorDash, Inc. Class A Common Stock	Medium5.5
PRX.AS	Prosus N.V.	locked
MELI	MercadoLibre Inc.	High9.1
3690.HK	Meituan	locked
EBAY	eBay Inc	locked

Frequently asked questions about PDD Holdings Inc. stock

How does PDD Holdings Inc. stock (PDD) score in the StockScorer model?

PDD Holdings Inc. stock reaches a StockScorer score of 7.3 out of 10, which is a high match with the rule-based strategies. 5 out of 7 flagship profile rules are met.

What is PDD Holdings Inc.'s P/E ratio?

PDD Holdings Inc.'s P/E ratio is 8.4. The Consumer Cyclical sector median is 21.6.

What sector is PDD Holdings Inc. in?

PDD Holdings Inc. is assigned to the Consumer Cyclical sector. Its rank within the sector is 58.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

Keep exploring

Unlock the full analysis for free

Signed up in 30 seconds, free.

More metrics: FCF margin, cash flow yield and more
Full peer comparison within the same sector
See the match across all strategies in detail
Apply your own scoring profile to any stock
Add the stock to your watchlist and track score changes
Daily updated ratings, rule-based and transparent

Already registered? Log in now

Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.

How StockScorer rates every stock is explained on the methodology page.