Z

Zhihu Inc
HKEX:2390

Watchlist Manager
Zhihu Inc
HKEX:2390
Watchlist
Price: 9.31 HKD -0.43% Market Closed
Market Cap: HK$2.5B

EV/EBIT

5.5
Current
414%
More Expensive
vs 3-y average of 1.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.5
=
Enterprise Value
HK$-3B
/
EBIT
¥-380.9m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.5
=
Enterprise Value
HK$-3B
/
EBIT
¥-380.9m

Valuation Scenarios

Zhihu Inc is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (1.1), the stock would be worth HK$1.81 (81% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-83%
Maximum Upside
+657%
Average Upside
230%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 5.5 HK$9.31
0%
3-Year Average 1.1 HK$1.81
-81%
5-Year Average 0.9 HK$1.58
-83%
Industry Average 41.4 HK$70.47
+657%
Country Average 28.9 HK$49.22
+429%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
HK$-3B
/
Jan 2026
¥-380.9m
=
5.5
Current
HK$-3B
/
Dec 2026
¥-221.6m
=
13.5
Forward
HK$-3B
/
Dec 2027
¥-144.5m
=
20.7
Forward
HK$-3B
/
Dec 2028
¥105m
=
-28.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CN
Zhihu Inc
HKEX:2390
2.3B HKD 5.5 -10.7
US
Alphabet Inc
NASDAQ:GOOGL
4.2T USD 30.2 31.5
US
Meta Platforms Inc
NASDAQ:META
1.7T USD 20.2 28.1
CN
Tencent Holdings Ltd
HKEX:700
4.5T HKD 16 17
CN
Baidu Inc
NASDAQ:BIDU
45.1B USD 25.5 55.6
NL
Nebius Group NV
NASDAQ:NBIS
37.2B USD -4 759.7 27 898.9
JP
LY Corp
XMUN:YOJ
31.6B EUR 32.7 27.6
CN
Kuaishou Technology
HKEX:1024
190.7B HKD 6.7 8.7
KR
Naver Corp
KRX:035420
32.3T KRW 11.6 16.7
JP
Z Holdings Corp
TSE:4689
2.9T JPY 22.4 13.6
AU
REA Group Ltd
ASX:REA
22.6B AUD 26.3 39.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Z
Zhihu Inc
HKEX:2390
Average EV/EBIT: 19.7
5.5
N/A N/A
US
Alphabet Inc
NASDAQ:GOOGL
30.2
18%
1.7
US
Meta Platforms Inc
NASDAQ:META
20.2
14%
1.4
CN
Tencent Holdings Ltd
HKEX:700
16
18%
0.9
CN
Baidu Inc
NASDAQ:BIDU
25.5
30%
0.8
NL
Nebius Group NV
NASDAQ:NBIS
Negative Multiple: -4 759.7 N/A N/A
JP
L
LY Corp
XMUN:YOJ
32.7
N/A N/A
CN
Kuaishou Technology
HKEX:1024
6.7
25%
0.3
KR
Naver Corp
KRX:035420
11.6
8%
1.5
JP
Z Holdings Corp
TSE:4689
22.4
N/A N/A
AU
REA Group Ltd
ASX:REA
26.3
15%
1.8
P/E Multiple
Earnings Growth PEG
CN
Z
Zhihu Inc
HKEX:2390
Average P/E: 2 813.7
Negative Multiple: -10.7
N/A N/A
US
Alphabet Inc
NASDAQ:GOOGL
31.5
13%
2.4
US
Meta Platforms Inc
NASDAQ:META
28.1
19%
1.5
CN
Tencent Holdings Ltd
HKEX:700
17
16%
1.1
CN
Baidu Inc
NASDAQ:BIDU
55.6
66%
0.8
NL
Nebius Group NV
NASDAQ:NBIS
27 898.9
59%
472.9
JP
L
LY Corp
XMUN:YOJ
27.6
13%
2.1
CN
Kuaishou Technology
HKEX:1024
8.7
7%
1.2
KR
Naver Corp
KRX:035420
16.7
11%
1.5
JP
Z Holdings Corp
TSE:4689
13.6
13%
1
AU
REA Group Ltd
ASX:REA
39.4
8%
4.9

Market Distribution

Lower than 92% of companies in China
Percentile
8th
Based on 5 337 companies
8th percentile
5.5
Low
0 — 16.6
Typical Range
16.6 — 52.9
High
52.9 —
Distribution Statistics
China
Min 0
30th Percentile 16.6
Median 28.9
70th Percentile 52.9
Max 49 021

Zhihu Inc
Glance View

Market Cap
2.5B HKD
Industry
Media

Zhihu, Inc. operates as a Q&A online content community. The company is headquartered in Beijing, Beijing and currently employs 2,649 full-time employees. The company went IPO on 2021-03-26. The firm is principally engaged in the provision of advertising services, paid membership services, content monetization solutions and other services. The firm's online community provides a platform for users to find solutions, make decisions, find inspiration and have fun. The firm's online community is an online content community based on user-generated content (UGC). In addition, the Company's platform offers a range of contents such as daily life choices, esoteric knowledge content or unique experiences, and important life choices.

Intrinsic Value
32.97 HKD
Undervaluation 72%
Intrinsic Value
Price HK$9.31
Z
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett