PDD Holdings Inc
Research PDD Holdings Inc (PDD) on Bullrun: valuation model: 57.7% undervalued, market cap USD 115.79B, P/E 9.0. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPDD
- ExchangeNASDAQ
- CountryIreland
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal57.7% undervalued
- Market capUSD 115.79B
- P/E9.0
- Financial periodQ2 2026
- RevenueCNY 112.36B
- Net incomeCNY 27.18B
- Free cash flowCNY 25.67B
- Gross margin57.3%
Valuation Snapshot
Bullrun's latest valuation model marks PDD Holdings Inc as 57.7% undervalued; latest market cap is USD 115.79B; P/E is 9.0.
Peer valuation comparison
Latest P/E is 9.02x versus a Consumer Cyclical sector median of 17.61x (48.8% below).
Latest P/E is 9.02x versus a Ireland median of 19.74x (54.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CNY 431.85B | CNY 97.84B | CNY 105.79B | 56.3% | 67.04 | CNY 108.90B | CNY 5.38B | CNY 413.39B |
| FY2024 | CNY 393.84B | CNY 112.43B | CNY 120.96B | 60.9% | 76 | CNY 57.77B | CNY 10.61B | CNY 313.31B |
| FY2023 | CNY 247.64B | CNY 60.03B | CNY 93.58B | 63.0% | 41.16 | CNY 59.79B | CNY 10.17B | CNY 187.24B |
| FY2022 | CNY 130.56B | CNY 31.54B | CNY 47.87B | 75.9% | 21.92 | CNY 34.33B | CNY 16.93B | CNY 117.77B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 115.79B | 9.0 | n/a | n/a |
| 2025 | 2025-12-31 | USD 161.40B | 12.2 | n/a | n/a |
| 2024 | 2024-12-31 | USD 135.02B | 9.2 | n/a | n/a |
| 2023 | 2023-12-29 | USD 194.39B | 32.8 | n/a | n/a |
| 2022 | 2022-12-30 | USD 103.11B | 26.9 | n/a | n/a |
| 2021 | 2021-12-31 | USD 73.71B | 72.0 | n/a | n/a |
About PDD Holdings Inc
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
ETFs that hold PDD Holdings Inc
PDD Holdings Inc is one of the ten largest holdings of 24 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| iShares MSCI China Tech UCITS ETF USD Acc | 7.20% | 0.45% |
| iShares MSCI China UCITS ETF USD Acc | 1.65% | 0.28% |
| Franklin FTSE China UCITS ETF | 2.75% | 0.19% |
| HSBC MSCI China UCITS ETF | 1.88% | 0.28% |
| Xtrackers MSCI China UCITS ETF 1C | 1.96% | 0.65% |
| Xtrackers MSCI China UCITS ETF 1D | 1.96% | 0.28% |
| KraneShares CSI China Internet UCITS ETF USD | 8.14% | 0.75% |
| EMQQ Emerging Markets Internet UCITS ETF - Accumulating | 5.91% | 0.86% |
Related stock research
Other Consumer Cyclical stocks
Frequently asked questions
Is PDD Holdings Inc overvalued or undervalued?
Bullrun's valuation model currently marks PDD Holdings Inc as 57.7% undervalued.
What is PDD Holdings Inc's market cap?
PDD Holdings Inc's market capitalization is USD 115.79B.
What is PDD Holdings Inc's P/E ratio?
PDD Holdings Inc's price-to-earnings (P/E) ratio is 9.0.
What does PDD Holdings Inc do?
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.