HEPS vs NTES vs SOHU Stock Comparison

D-MARKET Electronic Services & Trading, NetEase and Sohu.com Prices as of Oct 28, 2026 Peers: Industry group
NTES NetEase, Inc.
$112.45 -7.1% 1M -22.5% 1Y
Market cap
$71.28B
P/E
16.0x
Revenue (TTM)
$16.70B
Div. yield
–
Video Games Technology
3 wins
SOHU Sohu.com Ltd
$12.80 -2.3% 1M -16.9% 1Y
Market cap
$369.58M
P/E
1.6x
Revenue (TTM)
$599.25M
Div. yield
–
Video Games Technology
4 wins

Head to Head

8 decided of 12

Sohu.com leads on 4 of the 12 questions below (Sohu.com 4, NetEase 3, D-MARKET Electronic Services & Trading 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHEPSNTESSOHULeader
Larger companyMarket capitalisation $1.05B $71.28B $369.58M NTES
Cheaper on earningsLower P/E, profitable companies only -7.8x 16.0x 1.6x SOHU
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.8x — –
Faster revenue growthRevenue growth, trailing twelve months — +9.8% +9.2% NTES
More profitableNet margin, trailing twelve months — 26.6% 38.1% SOHU
Better return on capitalReturn on invested capital — 22.7% — –
Less leveragedLower net debt / EBITDA — -1.4x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +3.3% -22.5% -16.9% HEPS
Better 5-year returnAnnualised price return, 5 years -9.4%/yr +2.9%/yr -8.8%/yr NTES
Less volatileAnnualised volatility, 1 year 55.4% 33.3% 32.5% SOHU
Higher overall scoreMean of the five percentile scores vs peers — 65/100 77/100 SOHU

Percentile Scorecard

HEPSNTESSOHU

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHEPSNTESSOHU
Valuation 19 #84 of 104 59 #68 of 166 98 #4 of 166
Growth – 46 #83 of 152 62 #58 of 152
Profitability – 95 #8 of 152 60 #62 of 152
Financial Health 36 #71 of 110 85 #27 of 179 87 #24 of 179
Shareholder Returns – 37 #60 of 94 –
Overall – 65 77
  • HEPS ranked among 115 companies in Retail
  • NTES ranked among 185 companies in Internet Platforms
  • SOHU ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHEPSNTESSOHUSPY
1 month +10.3%-7.1%-2.3% +0.9%
3 months -2.8%-13.2%-5.2% +5.9%
6 months 0.0%-0.9%-17.5% +8.5%
Year to date +12.1%-18.3%-18.2% +13.3%
1 year +3.3%-22.5%-16.9% +12.4%
3 years +133.6%+5.3%+59.8% +88.1%
3 years, per year +32.7%+1.7%+16.9% +23.5%
5 years -38.9%+15.2%-36.8% +68.2%
5 years, per year -9.4%+2.9%-8.8% +11.0%
10 years —+112.2%-66.1% +263.4%
10 years, per year —+7.8%-10.2% +13.8%

Risk

MeasureHEPSNTESSOHUSPY
Volatility, 1Y 55.4%33.3%32.5% 12.7%
Downside volatility, 1Y 59.6%32.9%33.2% 12.7%
Beta vs S&P 500, 1Y 0.550.490.55 1.00
Return / volatility, 1Y 0.06-0.68-0.52 0.98
Max drawdown, 5Y -89.2%-52.0%-63.3% -25.4%
From 52-week high -15.5%-23.8%-25.7% -0.9%
52-week high $3.29$147.56$17.22 $779.14
52-week low $2.18$109.26$11.74 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHEPSNTESSOHU
P/E now vs peer median -7.8xmedian 16.7x 16.1xmedian 16.8x 1.6xmedian 16.8x
P/S now vs peer median 0.5xmedian 0.4x 4.3xmedian 1.4x 0.6xmedian 1.4x
EV/EBITDA now vs peer median —median 9.2x 10.1xmedian 13.9x —median 13.9x
P/FCF now vs peer median 4.8xmedian 16.0x 9.6xmedian 11.4x —median 11.4x
P/B now vs peer median 21.2xmedian 1.6x 2.9xmedian 1.8x 0.3xmedian 1.8x
PEG now vs peer median —median 0.73 2.24median 0.36 0.02median 0.36

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHEPSNTESSOHU
Revenue – $16.70B $599.25M
Gross profit – $11.22B $526.14M
Operating income – $5.90B -$77.49M
Net income – $4.75B $228.61M
Free cash flow – $7.46B –
R&D – $2.59B $253.49M
EPS (diluted) – $6.91 $8.10
Cash & equivalents $263.27M $3.36B $116.22M
Total debt $13.89M $5.39B –
Shares (diluted) – 643.63M 28.23M
Enterprise value $123.73M $29.52B -$2.98B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHEPSNTESSOHU
P/E -7.8x 16.1x 1.6x
P/FCF 4.8x 9.6x –
P/Operating cash flow – 9.8x –
P/S 0.5x 4.3x 0.6x
P/B 21.2x 2.9x 0.3x
P/Tangible book 21.2x 3.0x 0.3x
EV/EBITDA – 10.1x –
EV/EBIT – 10.6x 6.4x
EV/Revenue – 3.8x -0.8x
EV/FCF – 8.4x –
EV/Operating cash flow – 8.5x –
PEG (3Y EPS CAGR) – 2.24 0.02

Growth

14 metrics
MetricHEPSNTESSOHU
Revenue growth (1Y) – 9.8% 9.2%
Revenue CAGR (3Y) – 5.5% -3.1%
Gross profit growth (1Y) – 16.9% 28.2%
Gross profit CAGR (3Y) – 11.5% 2.2%
Operating income growth (1Y) – 23.6% 2.6%
Operating income CAGR (3Y) – 22.2% -6.0%
Net income growth (1Y) – -2.8% 83.6%
Net income CAGR (3Y) – 9.2% 75.0%
EPS growth (1Y) – -4.7% 108.2%
EPS CAGR (3Y) – 7.2% 83.4%
Operating cash flow growth (1Y) – 13.9% –
Operating cash flow CAGR (3Y) – 19.3% –
Free cash flow growth (1Y) – 12.3% –
Free cash flow CAGR (3Y) – 17.2% –

Profitability

14 metrics
MetricHEPSNTESSOHU
Gross margin – 67.2% 87.8%
EBITDA margin – 37.2% –
Operating margin – 35.3% -12.9%
Pretax margin – 34.9% -5.9%
Net margin – 26.6% 38.1%
FCF margin – 44.7% –
Operating cash flow margin – 44.0% –
Return on equity – 19.6% 17.8%
Return on assets – 14.0% 14.1%
Return on invested capital – 22.7% –
Return on capital employed – 23.0% -6.0%
Asset turnover – 0.5x 0.4x
Cash conversion (OCF / net income) – 1.5x –
Stock comp / revenue – 2.7% –

Financial Health

11 metrics
MetricHEPSNTESSOHU
Debt / assets 1.6% 5.4% –
Debt / equity 0.3x 0.1x –
Net debt / EBITDA – -1.4x –
Debt / FCF – 0.2x –
Liabilities / assets 94.6% 28.0% 20.6%
Equity / assets 5.4% 72.0% 79.4%
Interest coverage – – –
Current ratio 0.9x 3.5x 3.0x
Quick ratio 0.4x 1.4x 2.7x
Cash ratio 0.3x 1.3x 2.6x
Altman Z-score – 7.21 –

Shareholder Returns

7 metrics
MetricHEPSNTESSOHU
Dividend yield – 2.6% –
Net buyback yield – 0.0% –
Shareholder yield – 2.6% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHEPSNTESSOHU
Forward P/E – 11.8xFY2026 –
EPS, next fiscal year $-0.55FY2026 $9.56FY2026 $-1.38FY2026
EPS growth, next FY – +15.3%FY2026 -116.7%FY2026
EPS growth, the year after – +7.2% –
Revenue, next fiscal year $2.16BFY2026 $17.11BFY2026 $351.88MFY2026
Revenue growth, next FY +11.5%FY2026 +6.3%FY2026 -39.8%FY2026
Revenue growth, the year after +41.5% +7.4% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHEPSNTESSOHU
Held by institutions 6.9% 9.2% 23.4%
Institutions holding 33 458 52
Change in shares held, QoQ +1.3% +1.9% -9.0%
Institutions buying 15 261 18
Institutions selling 13 121 20
Buyers to sellers 1.15 2.16 0.90

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HEPSNTESSOHU
HEPS 1.00 0.07 0.06
NTES 0.07 1.00 0.32
SOHU 0.06 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HEPS, NTES and SOHU?

NetEase (NTES) is the largest by market capitalisation: D-MARKET Electronic Services & Trading (HEPS) $1.05B, NetEase (NTES) $71.28B, Sohu.com (SOHU) $369.58M.

Which stock is cheaper, HEPS, NTES and SOHU?

Sohu.com (SOHU) trades on the lowest price-to-earnings ratio (D-MARKET Electronic Services & Trading (HEPS) -7.8x, NetEase (NTES) 16.0x, Sohu.com (SOHU) 1.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NetEase (NTES) grew revenue fastest over the trailing twelve months: NetEase (NTES) +9.8%, Sohu.com (SOHU) +9.2%.

Which company is more profitable?

Sohu.com (SOHU) has the highest net margin (NetEase (NTES) 26.6%, Sohu.com (SOHU) 38.1%).

Which stock has performed better?

Over the past year D-MARKET Electronic Services & Trading (HEPS) returned the most: D-MARKET Electronic Services & Trading (HEPS) +3.3%, NetEase (NTES) -22.5%, Sohu.com (SOHU) -16.9%. Over five years, NetEase (NTES) compounded fastest (D-MARKET Electronic Services & Trading (HEPS) -9.4%/yr, NetEase (NTES) +2.9%/yr, Sohu.com (SOHU) -8.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sohu.com (SOHU) has been the steadiest (D-MARKET Electronic Services & Trading (HEPS) 55.4%, NetEase (NTES) 33.3%, Sohu.com (SOHU) 32.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HEPS, NTES and SOHU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sohu.com (SOHU) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.