GDS Holdings Ltd
NASDAQ:GDS

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GDS Holdings Ltd
NASDAQ:GDS
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Price: 43.16 USD -0.69% Market Closed
Market Cap: $8.4B

EV/EBITDA

17.5
Current
25%
More Expensive
vs 3-y average of 14

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

EV/EBITDA
17.5
=
Enterprise Value
$100B
/
EBITDA
¥5B

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

EV/EBITDA
17.5
=
Enterprise Value
$100B
/
EBITDA
¥5B

Valuation Scenarios

GDS Holdings Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14), the stock would be worth $34.52 (20% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-20%
Maximum Upside
+189%
Average Upside
55%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 17.5 $43.16
0%
3-Year Average 14 $34.52
-20%
5-Year Average 15.2 $37.32
-14%
Industry Average 50.7 $124.69
+189%
Country Average 28.8 $70.89
+64%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$100B
/
Jan 2026
¥5B
=
17.5
Current
$100B
/
Dec 2026
¥5.5B
=
18.1
Forward
$100B
/
Dec 2027
¥6.3B
=
16
Forward
$100B
/
Dec 2028
¥7.3B
=
13.7
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
GDS Holdings Ltd
NASDAQ:GDS
68.1B USD 17.5 65.8
CA
Shopify Inc
NASDAQ:SHOP
172.1B USD 111.7 141.6
US
Cloudflare Inc
NYSE:NET
73B USD -5 763.1 -714.2
US
Snowflake Inc
XETRA:5Q5
45.3B EUR -45.6 -39.2
US
Snowflake Inc.
NYSE:SNOW
53.5B USD -47.3 -40.2
ID
DCI Indonesia Tbk PT
IDX:DCII
474.4T IDR 376.8 473.9
US
Verisign Inc
NASDAQ:VRSN
24.8B USD 22.3 30
US
Twilio Inc
NYSE:TWLO
22.9B USD 57.8 676.9
US
MongoDB Inc
NASDAQ:MDB
21.7B USD -174.8 -304.9
US
Akamai Technologies Inc
NASDAQ:AKAM
14.1B USD 13 31.3
US
Okta Inc
NASDAQ:OKTA
14B USD 45.8 59.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
GDS Holdings Ltd
NASDAQ:GDS
Average EV/EBITDA: 92.1
17.5
14%
1.3
CA
Shopify Inc
NASDAQ:SHOP
111.7
55%
2
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -5 763.1 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -45.6 N/A N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -47.3 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
376.8
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
22.3
8%
2.8
US
Twilio Inc
NYSE:TWLO
57.8
60%
1
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -174.8 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
13
20%
0.7
US
Okta Inc
NASDAQ:OKTA
45.8
64%
0.7
P/E Multiple
Earnings Growth PEG
CN
GDS Holdings Ltd
NASDAQ:GDS
Average P/E: 211.3
65.8
-6%
N/A
CA
Shopify Inc
NASDAQ:SHOP
141.6
53%
2.7
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -714.2 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -39.2 N/A N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -40.2 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
473.9
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
30
9%
3.3
US
Twilio Inc
NYSE:TWLO
676.9
222%
3
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -304.9 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
31.3
42%
0.7
US
Okta Inc
NASDAQ:OKTA
59.4
54%
1.1

Market Distribution

Lower than 96% of companies in China
Percentile
4rd
Based on 5 409 companies
4rd percentile
2.2
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

GDS Holdings Ltd
Glance View

In the bustling world of digital infrastructure, GDS Holdings Ltd. has carved a name for itself as a pivotal player in China’s burgeoning data center industry. Since its inception, GDS has primarily focused on designing, building, and operating high-performance data centers. These facilities act as the backbone of the digital age, providing essential infrastructure for cloud service providers, internet companies, financial institutions, and other large-scale enterprises. The company's strategic positioning in key economic hubs across China ensures that it is at the heart of its clients’ operations, allowing it to offer colocation, managed hosting, and other value-added services. GDS Holdings generates revenue through leasing data center space to its customers, often via long-term contracts that provide stable cash flow. Clients value the company's robust infrastructure capabilities, which include cutting-edge technology and sustainable practices designed to handle massive computing demands. Additionally, GDS innovatively expands its capacity by pursuing acquired growth and developing new facilities, often pre-leased to anchor clients, which mitigates financial risk. Through this method, GDS has built a resilient business model, able to capitalize on the rapid digital transformation trends while ensuring its services remain indispensable to an ever-growing client base.

GDS Intrinsic Value
30.36 USD
Overvaluation 30%
Intrinsic Value
Price $43.16
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