(PDD) PDD Holdings - Overview

Exchange: NASDAQ • Country: Ireland • Currency: USD • Type: Common Stock • ISIN: US7223041028

Stock: Online Retail, E-commerce, Apparel, Electronics, Home Goods

Total Rating 28
Risk 88
Buy Signal -0.88
Risk 5d forecast
Volatility 50.7%
Relative Tail Risk -24.2%
Reward TTM
Sharpe Ratio -0.42
Alpha -34.00
Character TTM
Beta 1.216
Beta Downside 1.202
Drawdowns 3y
Max DD 43.93%
CAGR/Max DD 0.13

EPS (Earnings per Share)

EPS (Earnings per Share) of PDD over the last years for every Quarter: "2021-03": -1.52, "2021-06": 2.85, "2021-09": 2.18, "2021-12": 5.88, "2022-03": 2.95, "2022-06": 7.54, "2022-09": 8.62, "2022-12": 8.34, "2023-03": 6.92, "2023-06": 10.47, "2023-09": 11.61, "2023-12": 17.32, "2024-03": 20.72, "2024-06": 23.24, "2024-09": 18.59, "2024-12": 20.15, "2025-03": 11.41, "2025-06": 22.07, "2025-09": 21.08, "2025-12": 0,

Revenue

Revenue of PDD over the last years for every Quarter: 2021-03: 22167.099, 2021-06: 23046.22, 2021-09: 21505.758, 2021-12: 27230.862, 2022-03: 23793.689, 2022-06: 31439.568, 2022-09: 35504.304, 2022-12: 39820.028, 2023-03: 37637.05, 2023-06: 52280.748, 2023-09: 68840.371, 2023-12: 86812.059, 2024-03: 86812.059, 2024-06: 97059.531, 2024-09: 99354.401, 2024-12: 110610.106, 2025-03: 95672.175, 2025-06: 103984.832, 2025-09: 108276.512, 2025-12: null,

Description: PDD PDD Holdings March 06, 2026

PDD Holdings Inc. (PDD) is a multinational commerce group. It operates two primary platforms: Pinduoduo and Temu. Pinduoduo is an e-commerce platform offering a wide range of products, including agricultural produce and consumer electronics. Temu is an online platform designed to streamline manufacturing and commercial operations for merchants, a business model common in direct-to-consumer retail.

The company, incorporated in 2015, changed its name from Pinduoduo Inc. to PDD Holdings Inc. in February 2023. PDD Holdings Inc. is based in Dublin, Ireland, a location often chosen by international companies for tax efficiency and access to the European market.

For more detailed financial analysis, ValueRay offers in-depth reports.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 102.27b TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA -6.00 > 1.0
NWC/Revenue: 70.99% < 20% (prev 55.90%; Δ 15.10% < -1%)
CFO/TA 0.18 > 3% & CFO 112.37b > Net Income 102.27b
Net Debt (-81.71b) to EBITDA (102.79b): -0.79 < 3
Current Ratio: 2.36 > 1.5 & < 3
Outstanding Shares: last quarter (1.49b) vs 12m ago 25.93% < -2%
Gross Margin: 56.65% > 18% (prev 0.62%; Δ 5602 % > 0.5%)
Asset Turnover: 77.47% > 50% (prev 79.27%; Δ -1.80% > 0%)
Interest Coverage Ratio: -1.78 > 6 (EBITDA TTM 102.79b / Interest Expense TTM -43.39b)

Altman Z'' 6.79

A: 0.48 (Total Current Assets 516.36b - Total Current Liabilities 219.22b) / Total Assets 613.72b
B: 0.43 (Retained Earnings 262.24b / Total Assets 613.72b)
C: 0.14 (EBIT TTM 77.21b / Avg Total Assets 540.26b)
D: 1.20 (Book Value of Equity 267.39b / Total Liabilities 222.32b)
Altman-Z'' Score: 6.79 = AAA

Beneish M -2.93

DSRI: 0.96 (Receivables 15.15b/13.92b, Revenue 418.54b/370.04b)
GMI: 1.10 (GM 56.65% / 62.49%)
AQI: 0.93 (AQ_t 0.15 / AQ_t-1 0.16)
SGI: 1.13 (Revenue 418.54b / 370.04b)
TATA: -0.02 (NI 102.27b - CFO 112.37b) / TA 613.72b)
Beneish M-Score: -2.93 (Cap -4..+1) = A

What is the price of PDD shares?

As of March 06, 2026, the stock is trading at USD 100.74 with a total of 3,827,335 shares traded.
Over the past week, the price has changed by -4.41%, over one month by -0.77%, over three months by -14.35% and over the past year by -16.20%.

Is PDD a buy, sell or hold?

PDD Holdings has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy PDD.
  • StrongBuy: 23
  • Buy: 5
  • Hold: 12
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the PDD price?

Issuer Target Up/Down from current
Wallstreet Target Price 148.9 47.8%
Analysts Target Price 148.9 47.8%

PDD Fundamental Data Overview March 06, 2026

Market Cap CNY = 989.99b (143.65b USD * 6.8915 USD.CNY)
P/E Trailing = 10.0988
P/E Forward = 8.1037
P/S = 0.3432
P/B = 2.5577
P/EG = 1.0803
Revenue TTM = 418.54b CNY
EBIT TTM = 77.21b CNY
EBITDA TTM = 102.79b CNY
Long Term Debt = 5.43b CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 7.63b CNY (from shortTermDebt, last quarter)
Debt = 10.67b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -81.71b CNY (from netDebt column, last quarter)
Enterprise Value = 576.90b CNY (989.99b + Debt 10.67b - CCE 423.77b)
Interest Coverage Ratio = -1.78 (Ebit TTM 77.21b / Interest Expense TTM -43.39b)
EV/FCF = 5.13x (Enterprise Value 576.90b / FCF TTM 112.37b)
FCF Yield = 19.48% (FCF TTM 112.37b / Enterprise Value 576.90b)
FCF Margin = 26.85% (FCF TTM 112.37b / Revenue TTM 418.54b)
Net Margin = 24.43% (Net Income TTM 102.27b / Revenue TTM 418.54b)
Gross Margin = 56.65% ((Revenue TTM 418.54b - Cost of Revenue TTM 181.44b) / Revenue TTM)
Gross Margin QoQ = 56.74% (prev 55.90%)
Tobins Q-Ratio = 0.94 (Enterprise Value 576.90b / Total Assets 613.72b)
Interest Expense / Debt = -406.5% (Interest Expense -43.39b / Debt 10.67b)
Taxrate = 11.97% (3.99b / 33.31b)
NOPAT = 67.97b (EBIT 77.21b * (1 - 11.97%))
Current Ratio = 2.36 (Total Current Assets 516.36b / Total Current Liabilities 219.22b)
Debt / Equity = 0.03 (Debt 10.67b / totalStockholderEquity, last quarter 391.40b)
Debt / EBITDA = -0.79 (Net Debt -81.71b / EBITDA 102.79b)
Debt / FCF = -0.73 (Net Debt -81.71b / FCF TTM 112.37b)
Total Stockholder Equity = 349.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.93% (Net Income 102.27b / Total Assets 613.72b)
RoE = 29.30% (Net Income TTM 102.27b / Total Stockholder Equity 349.07b)
RoCE = 21.78% (EBIT 77.21b / Capital Employed (Equity 349.07b + L.T.Debt 5.43b))
RoIC = 19.18% (NOPAT 67.97b / Invested Capital 354.36b)
WACC = 9.61% (E(989.99b)/V(1000.67b) * Re(9.71%) + (debt cost/tax rate unavailable))
Discount Rate = 9.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 12.25%
[DCF] Terminal Value 76.22% ; FCFF base≈112.80b ; Y1≈139.15b ; Y5≈236.98b
[DCF] Fair Price = 2182 (EV 3015.51b - Net Debt -81.71b = Equity 3097.22b / Shares 1.42b; r=9.61% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 8.58 | EPS CAGR: -28.74% | SUE: -2.79 | # QB: 0
Revenue Correlation: 94.99 | Revenue CAGR: 44.50% | SUE: -0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=85.83 | Chg7d=-1.093 | Chg30d=-1.013 | Revisions Net=-3 | Growth EPS=+13.9% | Growth Revenue=+13.5%

Additional Sources for PDD Stock

Fund Manager Positions: Dataroma | Stockcircle