PDD Holdings Inc
NASDAQ:PDD

Watchlist Manager
PDD Holdings Inc Logo
PDD Holdings Inc
NASDAQ:PDD
Watchlist
Price: 110.92 USD 4.67% Market Closed
Market Cap: 154B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one PDD stock under the Base Case scenario is 164.4 USD. Compared to the current market price of 110.92 USD, PDD Holdings Inc is Undervalued by 33%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PDD Relative Value
Base Case
164.4 USD
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.8
P/S
P/S
Price to Sales
2.8
vs History
93
vs Industry
9
Median 3Y
4.6
Median 5Y
5.5
Industry
0.5
Forward
2.3
More Details
10
P/E
P/E
Price to Earnings
10
vs History
60
vs Industry
43
Median 3Y
19.6
Median 5Y
13.1
Industry
16.6
Forward
9
More Details
9.2
P/OCF
P/OCF
Price to OCF
9.2
vs History
92
vs Industry
27
Median 3Y
12.5
Median 5Y
16.6
Industry
8
More Details
9.2
P/FCFE
P/FCFE
Price to FCFE
9.2
vs History
92
vs Industry
35
Median 3Y
12.5
Median 5Y
17
Industry
16.2
More Details
3.6
P/B
P/B
Price to Book Value
3.6
vs History
95
vs Industry
14
Median 3Y
5.5
Median 5Y
6.8
Industry
1.6
More Details
2
EV/S
EV/S
Enterprise Value to Sales
2
vs History
93
vs Industry
13
Median 3Y
3.6
Median 5Y
4.6
Industry
0.7
Forward
1.6
More Details
3.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
3.3
vs History
93
vs Industry
24
Median 3Y
5.2
Median 5Y
6.8
Industry
2.2
More Details
7.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.3
vs History
60
vs Industry
33
Median 3Y
16.3
Median 5Y
10.6
Industry
8.3
Forward
6
More Details
7.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
7.3
vs History
60
vs Industry
45
Median 3Y
16.3
Median 5Y
10.6
Industry
12.5
Forward
5.4
More Details
6.5
EV/OCF
EV/OCF
Enterprise Value to OCF
6.5
vs History
92
vs Industry
40
Median 3Y
9.7
Median 5Y
13.4
Industry
9.3
More Details
6.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
6.5
vs History
92
vs Industry
44
Median 3Y
9.7
Median 5Y
13.7
Industry
13
More Details
9.6
EV/IC
EV/IC
Enterprise Value to IC
9.6
vs History
93
vs Industry
2
Median 3Y
18.3
Median 5Y
25.2
Industry
1
More Details

Multiples Across Competitors

PDD Competitors Multiples
PDD Holdings Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
PDD Holdings Inc
NASDAQ:PDD
154B USD 2.8 10 7.3 7.3
US
Amazon.com Inc
NASDAQ:AMZN
2T USD 3.1 30.6 15.5 27.5
ZA
Naspers Ltd
JSE:NPN
1T Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
300.1B USD 2.2 18.1 14.6 14.6
UY
MercadoLibre Inc
BMV:MELIN
2.3T MXN 5.5 60.1 34.1 42
NL
Prosus NV
AEX:PRX
102.8B EUR 19.8 14.9 2 920.1 2 920.1
AR
Mercadolibre Inc
NASDAQ:MELI
115.1B USD 5.5 60.2 34.1 42.1
CN
Meituan
HKEX:3690
801.1B HKD 2.2 21 19 19
US
DoorDash Inc
NASDAQ:DASH
86.1B USD 8 699.8 133.2 1 794
CN
JD.Com Inc
HKEX:9618
383.5B HKD 0.3 8.7 4.8 4.8
KR
Coupang Inc
NYSE:CPNG
43.4B USD 1.4 281.8 44.9 89.4
P/S Multiple
Revenue Growth P/S to Growth
CN
PDD Holdings Inc
NASDAQ:PDD
Average P/S: 5.1
2.8
18%
0.2
US
Amazon.com Inc
NASDAQ:AMZN
3.1
10%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
12%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
2.2
8%
0.3
UY
MercadoLibre Inc
BMV:MELIN
5.5
23%
0.2
NL
Prosus NV
AEX:PRX
19.8
14%
1.4
AR
Mercadolibre Inc
NASDAQ:MELI
5.5
23%
0.2
CN
Meituan
HKEX:3690
2.2
16%
0.1
US
D
DoorDash Inc
NASDAQ:DASH
8
19%
0.4
CN
JD.Com Inc
HKEX:9618
0.3
7%
0
KR
Coupang Inc
NYSE:CPNG
1.4
14%
0.1
P/E Multiple
Earnings Growth PEG
CN
PDD Holdings Inc
NASDAQ:PDD
Average P/E: 120.5
10
16%
0.6
US
Amazon.com Inc
NASDAQ:AMZN
30.6
19%
1.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
20%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
18.1
37%
0.5
UY
MercadoLibre Inc
BMV:MELIN
60.1
32%
1.9
NL
Prosus NV
AEX:PRX
14.9
18%
0.8
AR
Mercadolibre Inc
NASDAQ:MELI
60.2
32%
1.9
CN
Meituan
HKEX:3690
21
29%
0.7
US
D
DoorDash Inc
NASDAQ:DASH
699.8
170%
4.1
CN
JD.Com Inc
HKEX:9618
8.7
15%
0.6
KR
Coupang Inc
NYSE:CPNG
281.8
136%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
PDD Holdings Inc
NASDAQ:PDD
Average EV/EBITDA: 322.8
7.3
22%
0.3
US
Amazon.com Inc
NASDAQ:AMZN
15.5
26%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
205%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
14.6
17%
0.9
UY
MercadoLibre Inc
BMV:MELIN
34.1
29%
1.2
NL
Prosus NV
AEX:PRX
2 920.1
N/A N/A
AR
Mercadolibre Inc
NASDAQ:MELI
34.1
29%
1.2
CN
Meituan
HKEX:3690
19
41%
0.5
US
D
DoorDash Inc
NASDAQ:DASH
133.2
97%
1.4
CN
JD.Com Inc
HKEX:9618
4.8
26%
0.2
KR
Coupang Inc
NYSE:CPNG
44.9
61%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
PDD Holdings Inc
NASDAQ:PDD
Average EV/EBIT: 496.1
7.3
27%
0.3
US
Amazon.com Inc
NASDAQ:AMZN
27.5
21%
1.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
14.6
21%
0.7
UY
MercadoLibre Inc
BMV:MELIN
42
32%
1.3
NL
Prosus NV
AEX:PRX
2 920.1
N/A N/A
AR
Mercadolibre Inc
NASDAQ:MELI
42.1
32%
1.3
CN
Meituan
HKEX:3690
19
34%
0.6
US
D
DoorDash Inc
NASDAQ:DASH
1 794
294%
6.1
CN
JD.Com Inc
HKEX:9618
4.8
15%
0.3
KR
Coupang Inc
NYSE:CPNG
89.4
83%
1.1

See Also

Summary
PDD intrinsic value, competitors valuation, and company profile.
DCF Valuation
PDD stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PDD stock valuation using valuation multiples.
Wall Street Estimates
PDD price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PDD stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 252,300+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.