Sea Ltd
Research Sea Ltd (SE) on Bullrun: valuation model: 13.3% overvalued, market cap USD 54.00B, P/E 36.1. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSE
- ExchangeNYSE
- CountrySingapore
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal13.3% overvalued
- Market capUSD 54.00B
- P/E36.1
- Financial periodQ2 2026
- RevenueUSD 7.79B
- Net incomeUSD 440.79M
- Free cash flowUSD 1.51B
- Gross margin45.6%
Valuation Snapshot
Bullrun's latest valuation model marks Sea Ltd as 13.3% overvalued; latest market cap is USD 54.00B; P/E is 36.1.
Peer valuation comparison
Latest P/E is 36.06x versus a Consumer Cyclical sector median of 17.61x (104.7% above).
Latest P/E is 36.06x versus a Singapore median of 18.18x (98.3% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 19.63B | USD 1.58B | USD 4.51B | 52.2% | 2.52 | USD 4.16B | USD 3.38B | USD 12.53B |
| FY2024 | USD 14.73B | USD 444.32M | USD 2.96B | 48.9% | 0.74 | USD 2.41B | USD 4.12B | USD 8.37B |
| FY2023 | USD 11.45B | USD 150.73M | USD 1.84B | 50.9% | 0.25 | USD 2.81B | USD 4.46B | USD 6.59B |
| FY2022 | USD 12.45B | -USD 1.65B | -USD 1.98B | 41.6% | -2.96 | USD 6.03B | USD 4.50B | USD 5.72B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 54.00B | 36.1 | n/a | n/a |
| 2025 | 2025-12-31 | USD 77.95B | 49.6 | n/a | n/a |
| 2024 | 2024-12-31 | USD 62.50B | 141.5 | n/a | n/a |
| 2023 | 2023-12-29 | USD 23.03B | 36.2 | n/a | n/a |
| 2022 | 2022-12-30 | USD 29.23B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 124.77B | n/a | n/a | n/a |
About Sea Ltd
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games.
ETFs that hold Sea Ltd
Sea Ltd is one of the ten largest holdings of 6 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| UBS MSCI Singapore UCITS ETF SGD dis | 10.11% | 0.45% |
| Xtrackers MSCI Singapore UCITS ETF 1C | 8.50% | 0.50% |
| EMQQ Emerging Markets Internet UCITS ETF - Accumulating | 8.71% | 0.86% |
| iShares MSCI Pacific ex-Japan CTB Enhanced ESG UCITS ETF USD Acc | 3.20% | 0.20% |
| L&G Ecommerce Logistics UCITS ETF | 2.55% | 0.49% |
| First Trust Dow Jones International Internet ETF Class A USD | 4.79% | 0.65% |
Related stock research
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Frequently asked questions
Is Sea Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Sea Ltd as 13.3% overvalued.
What is Sea Ltd's market cap?
Sea Ltd's market capitalization is USD 54.00B.
What is Sea Ltd's P/E ratio?
Sea Ltd's price-to-earnings (P/E) ratio is 36.1.
What does Sea Ltd do?
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games.