Sea Ltd banner

P/S

2
Current
28%
Cheaper
vs 3-y average of 2.8

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
$46.7B
/
Revenue
$22.9B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
$46.7B
/
Revenue
$22.9B

Valuation Scenarios

Sea Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (2.8), the stock would be worth $118.63 (40% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-44%
Maximum Upside
+70%
Average Upside
10%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2 $84.88
0%
3-Year Average 2.8 $118.63
+40%
5-Year Average 3.4 $144.41
+70%
Industry Average 1.1 $47.67
-44%
Country Average 1.5 $62.66
-26%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$46.7B
/
Jan 2026
$22.9B
=
2
Current
$46.7B
/
Dec 2026
$30.4B
=
1.5
Forward
$46.7B
/
Dec 2027
$36.9B
=
1.3
Forward
$46.7B
/
Dec 2028
$42.7B
=
1.1
Forward
$46.7B
/
Dec 2029
$49.8B
=
0.9
Forward
$46.7B
/
Dec 2030
$56.5B
=
0.8
Forward
$46.7B
/
Dec 2031
$62.9B
=
0.7
Forward
$46.7B
/
Dec 2032
$69.4B
=
0.7
Forward
$46.7B
/
Dec 2033
$75.7B
=
0.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
SG
Sea Ltd
NYSE:SE
Average P/E: 31.3
29.4
27%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
15.3
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
22.3
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.4
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -36.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
34.7
104%
0.3
JP
Konami Holdings Corp
TSE:9766
29.8
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.7
18%
1.3
JP
K
Konami Group Corp
XMUN:KOA
18.5
22%
0.8

Market Distribution

In line with most companies in Singapore
Percentile
57th
Based on 619 companies
57th percentile
2
Low
0 — 0.8
Typical Range
0.8 — 3.3
High
3.3 —
Distribution Statistics
Singapore
Min 0
30th Percentile 0.8
Median 1.5
70th Percentile 3.3
Max 215.8

Sea Ltd
Glance View

In the digital heart of Southeast Asia, Sea Ltd. has carved out a formidable presence, weaving together strands of e-commerce, digital entertainment, and financial technology into a comprehensive ecosystem. Founded in 2009 and headquartered in Singapore, Sea Ltd. embarked on its journey with Garena, a digital entertainment platform. This platform, predominantly known for its game publishing prowess, brought global hits like "Free Fire" to millions across the region, fostering an engaged community that fuels its robust revenue stream from in-game purchases and advertising. Garena's success laid the foundation for Sea's expansion into other sectors, characterized by a relentless focus on understanding and meeting the unique needs of the burgeoning digital economy in Southeast Asia. Building on this solid gaming foundation, Sea Ltd. introduced Shopee, an e-commerce platform launched in 2015, which quickly rose to prominence by offering a localized approach in each market it entered. Shopee distinguished itself with a mobile-first strategy, emphasizing social interactions and engagement through in-app games and live-streaming, which bolstered user retention and spurred sales growth. Complementing these offerings is SeaMoney, their digital financial services arm designed to address the vast underbanked population in the region. Through digital wallets, payment processing, and other financial solutions, SeaMoney integrates seamlessly with Shopee, creating a loop that enhances user experience and loyalty across Sea's platforms. This strategic interplay between gaming, ecommerce, and fintech illustrates Sea Ltd.'s multifaceted approach to capturing and monetizing the diverse digital demands of its audience.

SE Intrinsic Value
144.1 USD
Undervaluation 41%
Intrinsic Value
Price $84.88
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