Ke Holdings Inc
HKEX:2423
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/EBIT
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.
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.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (26.3), the stock would be worth HK$32.31 (22% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 33.5 | HK$41.24 |
0%
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| 3-Year Average | 26.3 | HK$32.31 |
-22%
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| 5-Year Average | 25.4 | HK$31.25 |
-24%
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| Industry Average | 14.8 | HK$18.2 |
-56%
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| Country Average | 28.9 | HK$35.56 |
-14%
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Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
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HK$95.9B
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/ |
Jan 2026
¥2.2B
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= |
|
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HK$95.9B
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/ |
Dec 2026
¥6.1B
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= |
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HK$95.9B
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/ |
Dec 2027
¥7.6B
|
= |
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HK$95.9B
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/ |
Dec 2028
¥8B
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= |
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HK$95.9B
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/ |
Dec 2029
¥50.7B
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= |
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Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| CN |
K
|
Ke Holdings Inc
HKEX:2423
|
139.2B HKD | 33.5 | 40.8 | |
| US |
|
CBRE Group Inc
NYSE:CBRE
|
43.9B USD | 38.1 | 37.9 | |
| US |
|
Jones Lang LaSalle Inc
NYSE:JLL
|
15.9B USD | 14.3 | 20 | |
| US |
|
Zillow Group Inc
NASDAQ:ZG
|
11B USD | -313.8 | 477 | |
| CA |
|
FirstService Corp
TSX:FSV
|
9.4B CAD | 22.2 | 47.2 | |
| US |
C
|
Compass Inc
NYSE:COMP
|
5.9B USD | -193.9 | -99.6 | |
| CA |
|
Colliers International Group Inc
TSX:CIGI
|
7.8B CAD | 17.6 | 53.5 | |
| US |
|
Opendoor Technologies Inc
NASDAQ:OPEN
|
5.3B USD | -19.8 | -4.1 | |
| UK |
|
Cushman & Wakefield PLC
NYSE:CWK
|
3.3B USD | 11.3 | 37.7 | |
| US |
|
Newmark Group Inc
NASDAQ:NMRK
|
2.9B USD | 17.6 | 23.1 | |
| US |
|
Anywhere Real Estate Inc
NYSE:HOUS
|
2B USD | 51.1 | -15.4 |
Market Distribution
| Min | 0 |
| 30th Percentile | 16.6 |
| Median | 28.9 |
| 70th Percentile | 52.9 |
| Max | 49 021 |
Other Multiples
Ke Holdings Inc
Glance View
Ke Holdings Inc., often recognized by its service brand Beike, emerged as a trailblazer within China's real estate and housing ecosystem. The company deftly marries the rich tradition of property brokerage with the modern prowess of an integrated online platform. Founded through the merger of Lianjia, a premier real estate brokerage, with an innovative technology arm, Ke Holdings swiftly positioned itself as a facilitator for millions seeking homes. At its core, the company operates as a digital bridge, connecting a vast network of agents, buyers, and sellers. Their ecosystem not only provides traditional brokerage services but also leverages big data and AI to deliver personalized home matchings, value estimations, and comprehensive transaction histories. Through this, Ke Holdings enhances both the efficiency and transparency of China's real estate transactions in a market that craves trust and reliability. Financially, Ke Holdings thrives on multiple revenue streams, primarily deriving its income from commission fees on property transactions. As home transactions occur, the company earns a percentage, reflecting its role in simplifying and securing deals. Diversifying its portfolio, Ke Holdings also delves into value-added services such as home renovation and furnishing—offering an integrated lifestyle solution beyond just property purchase. Additionally, through various financial services, including home loans and transactional insurance, Ke Holdings further solidifies its relationship with consumers, ensuring a sticky customer base. Effectively, Ke Holdings combines the physical touchpoints of a traditional brokerage with the scalability and efficiency of a modern tech platform, constantly seeking to streamline the labyrinthine journey of home buying in China.
