PDD Holdings Inc
Research PDD Holdings Inc (PDD) on Bullrun: valuation model: 52.6% undervalued, market cap USD 124.90B, P/E 9.7. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPDD
- ExchangeNASDAQ
- CountryIreland
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal52.6% undervalued
- Market capUSD 124.90B
- P/E9.7
- Financial periodQ1 2026
- RevenueCNY 106.23B
- Net incomeCNY 12.55B
- Free cash flowCNY 16.45B
- Gross margin55.9%
Valuation Snapshot
Bullrun's latest valuation model marks PDD Holdings Inc as 52.6% undervalued; latest market cap is USD 124.90B; P/E is 9.7.
Peer valuation comparison
Latest P/E is 9.73x versus a Consumer Cyclical sector median of 17.59x (44.7% below).
Latest P/E is 9.73x versus a Ireland median of 22.15x (56.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CNY 61.75B | CNY 13.99B | CNY 105.79B | 56.3% | 2.36 | CNY 15.57B | CNY 5.38B | CNY 59.11B |
| 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 | CNY 59.79B | CNY 10.17B | CNY 187.24B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 124.90B | 9.7 | 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.
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Frequently asked questions
Is PDD Holdings Inc overvalued or undervalued?
Bullrun's valuation model currently marks PDD Holdings Inc as 52.6% undervalued.
What is PDD Holdings Inc's market cap?
PDD Holdings Inc's market capitalization is USD 124.90B.
What is PDD Holdings Inc's P/E ratio?
PDD Holdings Inc's price-to-earnings (P/E) ratio is 9.7.
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.