(PDD) PDD Holdings - Ratings and Ratios
Exchange: NASDAQ •
Country: Ireland •
Currency: USD •
Type: Common Stock •
ISIN: US7223041028
E-Commerce, Agricultural, Apparel, Electronics, Household
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 54.4% |
| Value at Risk 5%th | 68.5% |
| Relative Tail Risk | -23.46% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.52 |
| Alpha | 8.08 |
| CAGR/Max DD | 0.25 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.679 |
| Beta | 0.711 |
| Beta Downside | 1.243 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.93% |
| Mean DD | 20.03% |
| Median DD | 20.14% |
Description: PDD PDD Holdings December 01, 2025
PDD Holdings Inc. (NASDAQ: PDD) is a Dublin-incorporated multinational commerce group that runs two primary online platforms: Pinduoduo, a social-ecommerce marketplace offering a broad range of consumer goods-from agricultural produce to electronics-and Temu, which helps merchants streamline manufacturing and cross-border sales. The company rebranded from Pinduoduo Inc. to PDD Holdings in February 2023 and is classified under the Broadline Retail sub-industry.
Key recent metrics suggest strong momentum: Pinduoduo reported a 23 % year-over-year increase in gross merchandise volume (GMV) to roughly $210 billion in FY 2024, while active monthly users grew to about 950 million, driven by continued penetration in lower-tier Chinese cities. The platform’s “team purchase” model benefits from rising domestic consumption and a shift toward value-oriented shopping, which aligns with China’s broader GDP growth slowdown but stable household-level spending. Temu’s rapid expansion into the U.S. and Europe has added an estimated $1.8 billion in quarterly revenue, reflecting the growing demand for low-cost, fast-shipping goods in the global e-commerce market.
For a deeper, data-driven valuation, you might explore ValueRay’s analyst tools to supplement your own research.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (102.27b TTM) > 0 and > 6% of Revenue (6% = 25.11b TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA -6.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 70.99% (prev 55.90%; Δ 15.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 112.37b > Net Income 102.27b (YES >=105%, WARN >=100%) |
| Net Debt (-81.71b) to EBITDA (102.79b) ratio: -0.79 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.49b) change vs 12m ago -74.81% (target <= -2.0% for YES) |
| Gross Margin 56.65% (prev 62.49%; Δ -5.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 77.47% (prev 79.27%; Δ -1.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.78 (EBITDA TTM 102.79b / Interest Expense TTM -43.39b) >= 6 (WARN >= 3) |
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 (Balance) 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 |
| Total Rating: 6.79 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 92.79
| 1. Piotroski 5.0pt |
| 2. FCF Yield 14.79% |
| 3. FCF Margin 26.85% |
| 4. Debt/Equity 0.03 |
| 5. Debt/Ebitda -0.79 |
| 6. ROIC - WACC (= 10.62)% |
| 7. RoE 29.30% |
| 8. Rev. Trend 94.99% |
| 9. EPS Trend 80.33% |
What is the price of PDD shares?
As of December 09, 2025, the stock is trading at USD 117.62 with a total of 3,895,026 shares traded.
Over the past week, the price has changed by -0.55%, over one month by -14.85%, over three months by -5.93% and over the past year by +6.61%.
Over the past week, the price has changed by -0.55%, over one month by -14.85%, over three months by -5.93% and over the past year by +6.61%.
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.
- Strong Buy: 23
- Buy: 5
- Hold: 12
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the PDD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 147.2 | 25.2% |
| Analysts Target Price | 147.2 | 25.2% |
| ValueRay Target Price | 121.2 | 3.1% |
PDD Fundamental Data Overview December 06, 2025
Market Cap CNY = 1172.79b (165.84b USD * 7.0717 USD.CNY)
P/E Trailing = 11.9815
P/E Forward = 9.4967
P/S = 0.3962
P/B = 3.0058
P/EG = 1.2659
Beta = 0.051
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 = 759.70b CNY (1172.79b + Debt 10.67b - CCE 423.77b)
Interest Coverage Ratio = -1.78 (Ebit TTM 77.21b / Interest Expense TTM -43.39b)
FCF Yield = 14.79% (FCF TTM 112.37b / Enterprise Value 759.70b)
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 = 1.24 (Enterprise Value 759.70b / 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 = 16.66% (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 = 8.56% (E(1172.79b)/V(1183.47b) * Re(8.64%) + (debt cost/tax rate unavailable))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -49.80%
[DCF Debug] Terminal Value 79.53% ; FCFE base≈112.80b ; Y1≈139.15b ; Y5≈237.42b
Fair Price DCF = 2538 (DCF Value 3602.48b / Shares Outstanding 1.42b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 80.33 | EPS CAGR: 40.56% | SUE: -0.28 | # QB: 0
Revenue Correlation: 94.99 | Revenue CAGR: 44.50% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=17.96 | Chg30d=+1.836 | Revisions Net=+4 | Analysts=5
EPS next Year (2026-12-31): EPS=87.48 | Chg30d=+1.930 | Revisions Net=+11 | Growth EPS=+15.9% | Growth Revenue=+14.2%
P/E Trailing = 11.9815
P/E Forward = 9.4967
P/S = 0.3962
P/B = 3.0058
P/EG = 1.2659
Beta = 0.051
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 = 759.70b CNY (1172.79b + Debt 10.67b - CCE 423.77b)
Interest Coverage Ratio = -1.78 (Ebit TTM 77.21b / Interest Expense TTM -43.39b)
FCF Yield = 14.79% (FCF TTM 112.37b / Enterprise Value 759.70b)
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 = 1.24 (Enterprise Value 759.70b / 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 = 16.66% (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 = 8.56% (E(1172.79b)/V(1183.47b) * Re(8.64%) + (debt cost/tax rate unavailable))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -49.80%
[DCF Debug] Terminal Value 79.53% ; FCFE base≈112.80b ; Y1≈139.15b ; Y5≈237.42b
Fair Price DCF = 2538 (DCF Value 3602.48b / Shares Outstanding 1.42b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 80.33 | EPS CAGR: 40.56% | SUE: -0.28 | # QB: 0
Revenue Correlation: 94.99 | Revenue CAGR: 44.50% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=17.96 | Chg30d=+1.836 | Revisions Net=+4 | Analysts=5
EPS next Year (2026-12-31): EPS=87.48 | Chg30d=+1.930 | Revisions Net=+11 | Growth EPS=+15.9% | Growth Revenue=+14.2%
Additional Sources for PDD Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle