(JD) JD.com - Ratings and Ratios

Exchange: NASDAQ • Country: China • Currency: USD • Type: Common Stock • ISIN: US47215P1066

Electronics, Appliances, Groceries, Apparel, Logistics

EPS (Earnings per Share)

EPS (Earnings per Share) of JD over the last years for every Quarter: "2020-09": 3.42, "2020-12": 1.49, "2021-03": 2.47, "2021-06": 2.9, "2021-09": 3.16, "2021-12": 2.21, "2022-03": 2.53, "2022-06": 4.06, "2022-09": 6.27, "2022-12": 4.81, "2023-03": 4.76, "2023-06": 5.39, "2023-09": 6.7, "2023-12": 5.3, "2024-03": 5.65, "2024-06": 9.36, "2024-09": 8.68, "2024-12": 7.42, "2025-03": 8.41, "2025-06": 4.97, "2025-09": 3.73,

Revenue

Revenue of JD over the last years for every Quarter: 2020-09: 174214.464, 2020-12: 224328.155, 2021-03: 203176, 2021-06: 253800.47, 2021-09: 218708.358, 2021-12: 275907.157, 2022-03: 239655, 2022-06: 267600, 2022-09: 243535, 2022-12: 295446, 2023-03: 242956, 2023-06: 287931, 2023-09: 247698, 2023-12: 306077, 2024-03: 260049, 2024-06: 291397, 2024-09: 260387, 2024-12: 346986, 2025-03: 301082, 2025-06: 356660, 2025-09: 299059,
Risk via 10d forecast
Volatility 42.0%
Value at Risk 5%th 61.8%
Relative Tail Risk -10.44%
Reward TTM
Sharpe Ratio -0.28
Alpha -27.41
Character TTM
Hurst Exponent 0.463
Beta 0.786
Beta Downside 0.901
Drawdowns 3y
Max DD 67.09%
Mean DD 45.24%
Median DD 46.53%

Description: JD JD.com September 29, 2025

JD.com, Inc. (NASDAQ: JD) is a China-based, supply-chain-focused technology and services company that segments its operations into JD Retail, JD Logistics, and New Businesses. The firm sells a broad catalogue-including electronics, home appliances, fresh food, apparel, and healthcare items-both directly and via an online marketplace for third-party merchants, while also offering marketing, omni-channel, and online healthcare services. In addition, JD.com builds, owns, and manages logistics infrastructure and real-estate assets, providing storage leasing, asset-management, and technology-driven supply-chain solutions to external partners.

As of the latest FY 2023 filing, JD.com reported revenue of roughly ¥1.1 trillion (≈ US$155 bn) and a year-over-year GMV growth of about 12 %, driven in part by a 15 % increase in active customers and a 20 % expansion of its logistics network to over 1,200 cities. The company’s logistics arm now operates more than 1,000 automated warehouses and a fleet of over 10,000 electric delivery vehicles, positioning it to capture a larger share of China’s “new retail” shift toward faster, same-day fulfillment. Macro-level drivers include China’s rising middle-class consumption, government incentives for domestic supply-chain resilience, and the broader e-commerce sector’s transition toward integrated offline-online experiences, which together set a baseline growth ceiling of roughly 10-15 % CAGR for the next three years, assuming stable regulatory conditions.

For a deeper, data-rich assessment of JD.com’s valuation dynamics and scenario modeling, you might find the analytical tools on ValueRay worth exploring.

JD Stock Overview

Market Cap in USD 41,887m
Sub-Industry Broadline Retail
IPO / Inception 2014-05-22
Return 12m vs S&P 500 -23.5%
Analyst Rating 4.66 of 5

JD Dividends

Metric Value
Dividend Yield 3.37%
Yield on Cost 5y 1.21%
Yield CAGR 5y -22.75%
Payout Consistency 86.5%
Payout Ratio 4.0%

JD Growth Ratios

Metric Value
CAGR 3y -16.48%
CAGR/Max DD Calmar Ratio -0.25
CAGR/Mean DD Pain Ratio -0.36
Current Volume 8709.1k
Average Volume 11183.2k

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (32.20b TTM) > 0 and > 6% of Revenue (6% = 78.23b TTM)
FCFTA 0.00 (>2.0%) and ΔFCFTA -5.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 4.81% (prev 4.07%; Δ 0.74pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.03 (>3.0%) and CFO 23.00b <= Net Income 32.20b (YES >=105%, WARN >=100%)
Net Debt (-980.0m) to EBITDA (43.93b) ratio: -0.02 <= 3.0 (WARN <= 3.5)
Current Ratio 1.20 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (1.48b) change vs 12m ago -2.21% (target <= -2.0% for YES)
Gross Margin 12.73% (prev 14.06%; Δ -1.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 192.1% (prev 173.7%; Δ 18.44pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 12.85 (EBITDA TTM 43.93b / Interest Expense TTM 2.90b) >= 6 (WARN >= 3)

Altman Z'' 1.92

(A) 0.09 = (Total Current Assets 379.26b - Total Current Liabilities 316.55b) / Total Assets 713.53b
(B) 0.12 = Retained Earnings (Balance) 83.26b / Total Assets 713.53b
(C) 0.05 = EBIT TTM 37.24b / Avg Total Assets 678.54b
(D) 0.57 = Book Value of Equity 231.93b / Total Liabilities 409.11b
Total Rating: 1.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.65

1. Piotroski 4.0pt
2. FCF Yield 0.58%
3. FCF Margin 0.09%
4. Debt/Equity 0.48
5. Debt/Ebitda -0.02
6. ROIC - WACC (= 5.20)%
7. RoE 13.81%
8. Rev. Trend 54.47%
9. EPS Trend 14.11%

What is the price of JD shares?

As of November 25, 2025, the stock is trading at USD 29.06 with a total of 8,709,130 shares traded.
Over the past week, the price has changed by -1.62%, over one month by -12.44%, over three months by -9.16% and over the past year by -13.36%.

Is JD a buy, sell or hold?

JD.com has received a consensus analysts rating of 4.66. Therefore, it is recommended to buy JD.
  • Strong Buy: 28
  • Buy: 7
  • Hold: 3
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the JD price?

Issuer Target Up/Down from current
Wallstreet Target Price 43.1 48.5%
Analysts Target Price 43.1 48.5%
ValueRay Target Price 26.3 -9.4%

JD Fundamental Data Overview November 22, 2025

Market Cap CNY = 297.52b (41.89b USD * 7.1029 USD.CNY)
P/E Trailing = 9.495
P/E Forward = 9.6061
P/S = 0.0321
P/B = 1.2557
P/EG = 1.2717
Beta = 0.413
Revenue TTM = 1303.79b CNY
EBIT TTM = 37.24b CNY
EBITDA TTM = 43.93b CNY
Long Term Debt = 59.96b CNY (from longTermDebt, last quarter)
Short Term Debt = 29.51b CNY (from shortTermDebt, last quarter)
Debt = 112.09b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -980.0m CNY (from netDebt column, last quarter)
Enterprise Value = 211.33b CNY (297.52b + Debt 112.09b - CCE 198.27b)
Interest Coverage Ratio = 12.85 (Ebit TTM 37.24b / Interest Expense TTM 2.90b)
FCF Yield = 0.58% (FCF TTM 1.23b / Enterprise Value 211.33b)
FCF Margin = 0.09% (FCF TTM 1.23b / Revenue TTM 1303.79b)
Net Margin = 2.47% (Net Income TTM 32.20b / Revenue TTM 1303.79b)
Gross Margin = 12.73% ((Revenue TTM 1303.79b - Cost of Revenue TTM 1137.83b) / Revenue TTM)
Gross Margin QoQ = 9.52% (prev 15.88%)
Tobins Q-Ratio = 0.30 (Enterprise Value 211.33b / Total Assets 713.53b)
Interest Expense / Debt = 0.65% (Interest Expense 730.0m / Debt 112.09b)
Taxrate = 3.80% (252.0m / 6.63b)
NOPAT = 35.83b (EBIT 37.24b * (1 - 3.80%))
Current Ratio = 1.20 (Total Current Assets 379.26b / Total Current Liabilities 316.55b)
Debt / Equity = 0.48 (Debt 112.09b / totalStockholderEquity, last quarter 231.93b)
Debt / EBITDA = -0.02 (Net Debt -980.0m / EBITDA 43.93b)
Debt / FCF = -0.79 (Net Debt -980.0m / FCF TTM 1.23b)
Total Stockholder Equity = 233.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.51% (Net Income 32.20b / Total Assets 713.53b)
RoE = 13.81% (Net Income TTM 32.20b / Total Stockholder Equity 233.19b)
RoCE = 12.70% (EBIT 37.24b / Capital Employed (Equity 233.19b + L.T.Debt 59.96b))
RoIC = 11.85% (NOPAT 35.83b / Invested Capital 302.42b)
WACC = 6.64% (E(297.52b)/V(409.61b) * Re(8.91%) + D(112.09b)/V(409.61b) * Rd(0.65%) * (1-Tc(0.04)))
Discount Rate = 8.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -3.18%
[DCF Debug] Terminal Value 74.92% ; FCFE base≈15.24b ; Y1≈14.99b ; Y5≈15.40b
Fair Price DCF = 164.8 (DCF Value 233.83b / Shares Outstanding 1.42b; 5y FCF grow -2.49% → 3.0% )
EPS Correlation: 14.11 | EPS CAGR: -8.83% | SUE: 0.39 | # QB: 0
Revenue Correlation: 54.47 | Revenue CAGR: 0.44% | SUE: 0.02 | # QB: 0

Additional Sources for JD Stock

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