NTES vs DDI vs GDEV Stock Comparison

NetEase, DoubleDown Interactive and Gdev Prices as of Oct 23, 2026 Peers: Industry group
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NTES NetEase, Inc.
$118.61 +1.4% 1M -19.4% 1Y
Market cap
$75.39B
P/E
16.9x
Revenue (TTM)
$16.70B
Div. yield
–
Video Games Technology
3 wins
GDEV GDEV Inc.
$9.57 -12.2% 1M -59.7% 1Y
Market cap
$176.78M
P/E
2.4x
Revenue (TTM)
$380.57M
Div. yield
–
Video Games Technology
1 win

Head to Head

11 decided of 12

DoubleDown Interactive leads on 7 of the 12 questions below (DoubleDown Interactive 7, NetEase 3, Gdev 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNTESDDIGDEVLeader
Larger companyMarket capitalisation $75.39B $674.17M $176.78M NTES
Cheaper on earningsLower P/E, profitable companies only 16.9x 5.4x 2.4x GDEV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.4x 5.3x — DDI
Faster revenue growthRevenue growth, trailing twelve months +9.8% +14.0% -10.6% DDI
More profitableNet margin, trailing twelve months 26.6% 32.9% 19.7% DDI
Better return on capitalReturn on invested capital 22.7% 10.0% — NTES
Less leveragedLower net debt / EBITDA -1.4x -3.6x — DDI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -19.4% +46.0% -59.7% DDI
Better 5-year returnAnnualised price return, 5 years +3.0%/yr -5.3%/yr -35.9%/yr NTES
Less volatileAnnualised volatility, 1 year 33.0% 32.2% 88.6% DDI
Higher overall scoreMean of the five percentile scores vs peers 64/100 86/100 67/100 DDI

Percentile Scorecard

NTESDDIGDEV

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

AxisNTESDDIGDEV
Valuation 59 #69 of 167 92 #14 of 167 99 #2 of 167
Growth 45 #85 of 153 68 #50 of 153 72 #44 of 153
Profitability 95 #8 of 153 89 #18 of 153 76 #37 of 153
Financial Health 85 #27 of 179 95 #10 of 179 22 #140 of 179
Shareholder Returns 33 #63 of 94 – –
Overall 64 86 67
  • NTES ranked among 185 companies in Internet Platforms
  • DDI ranked among 185 companies in Internet Platforms
  • GDEV ranked among 185 companies in Internet Platforms

Price Performance

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

Returns

PeriodNTESDDIGDEVSPY
1 month +1.4%+1.8%-12.2% -1.0%
3 months -0.8%+15.9%-23.4% +2.9%
6 months +7.3%+47.9%-42.5% +6.4%
Year to date -13.8%+53.4%-36.2% +11.4%
1 year -19.4%+46.0%-59.7% +13.1%
3 years +11.9%+56.1%-60.0% +79.4%
3 years, per year +3.8%+16.0%-26.3% +21.5%
5 years +16.0%-23.9%-89.1% +67.7%
5 years, per year +3.0%-5.3%-35.9% +10.9%
10 years +125.0%—— +255.2%
10 years, per year +8.4%—— +13.5%

Risk

MeasureNTESDDIGDEVSPY
Volatility, 1Y 33.0%32.2%88.6% 12.7%
Downside volatility, 1Y 32.5%27.3%84.3% 12.7%
Beta vs S&P 500, 1Y 0.500.600.20 1.00
Return / volatility, 1Y -0.591.43-0.67 1.03
Max drawdown, 5Y -52.0%-57.6%-89.6% -25.4%
From 52-week high -19.6%-4.6%-61.3% -2.5%
52-week high $147.56$13.88$24.71 $779.14
52-week low $109.26$8.25$9.57 $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.

MultipleNTESDDIGDEV
P/E now vs peer median 17.0xmedian 17.5x 5.2xmedian 17.5x 2.3xmedian 17.5x
P/S now vs peer median 4.5xmedian 1.4x 1.7xmedian 1.4x 0.5xmedian 1.4x
EV/EBITDA now vs peer median 10.7xmedian 14.9x 0.9xmedian 14.9x 1.1xmedian 14.9x
P/FCF now vs peer median 10.2xmedian 11.2x 4.5xmedian 11.2x 3.6xmedian 11.2x
P/B now vs peer median 3.1xmedian 1.7x 0.6xmedian 1.7x -3.4xmedian 1.7x
PEG now vs peer median 2.36median 0.42 0.13median 0.42 0.04median 0.42

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 monthsNTESDDIGDEV
Revenue $16.70B $380.04M $380.57M
Gross profit $11.22B $278.82M –
Operating income $5.90B $136.83M $75.99M
Net income $4.75B $125.14M $74.94M
Free cash flow $7.46B $146.82M $48.00M
R&D $2.59B $13.81M –
EPS (diluted) $6.91 $2.52 $4.07
Cash & equivalents $3.36B $455.22M $78.24M
Total debt $5.39B $32.44M –
Shares (diluted) 643.63M 49.55M 18.40M
Enterprise value $33.63B -$1.34B -$116.98M

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
MetricNTESDDIGDEV
P/E 17.0x 5.2x 2.3x
P/FCF 10.2x 4.5x 3.6x
P/Operating cash flow 10.3x 4.5x 3.6x
P/S 4.5x 1.7x 0.5x
P/B 3.1x 0.6x -3.4x
P/Tangible book 3.1x 0.7x -3.3x
EV/EBITDA 10.7x 0.9x 1.1x
EV/EBIT 11.3x 1.0x 1.2x
EV/Revenue 4.0x 0.4x 0.3x
EV/FCF 9.0x 0.9x 2.0x
EV/Operating cash flow 9.1x 0.9x 2.0x
PEG (3Y EPS CAGR) 2.36 0.13 0.04

Growth

14 metrics
MetricNTESDDIGDEV
Revenue growth (1Y) 9.8% 14.0% -10.6%
Revenue CAGR (3Y) 5.5% 7.3% -6.2%
Gross profit growth (1Y) 16.9% 18.1% –
Gross profit CAGR (3Y) 11.5% 10.9% –
Operating income growth (1Y) 23.6% 4.0% 7.9%
Operating income CAGR (3Y) 22.2% 37.1% 41.7%
Net income growth (1Y) -2.8% 17.3% 43.7%
Net income CAGR (3Y) 9.2% 39.8% 61.6%
EPS growth (1Y) -4.7% 17.6% 23.9%
EPS CAGR (3Y) 7.2% 39.8% 63.3%
Operating cash flow growth (1Y) 13.9% 6.0% 276.1%
Operating cash flow CAGR (3Y) 19.3% 82.2% –
Free cash flow growth (1Y) 12.3% 6.6% 276.1%
Free cash flow CAGR (3Y) 17.2% 81.8% –

Profitability

14 metrics
MetricNTESDDIGDEV
Gross margin 67.2% 73.4% –
EBITDA margin 37.2% 38.6% 22.2%
Operating margin 35.3% 36.0% 20.0%
Pretax margin 34.9% 43.0% 21.2%
Net margin 26.6% 32.9% 19.7%
FCF margin 44.7% 38.6% 12.6%
Operating cash flow margin 44.0% 38.7% 12.6%
Return on equity 19.6% 12.6% –
Return on assets 14.0% 11.5% –
Return on invested capital 22.7% 10.0% –
Return on capital employed 23.0% 13.0% –
Asset turnover 0.5x 0.3x –
Cash conversion (OCF / net income) 1.5x 1.2x 0.6x
Stock comp / revenue 2.7% – –

Financial Health

11 metrics
MetricNTESDDIGDEV
Debt / assets 5.4% 2.9% –
Debt / equity 0.1x 0.0x –
Net debt / EBITDA -1.4x -3.6x –
Debt / FCF 0.2x 0.2x –
Liabilities / assets 28.0% 8.3% 121.5%
Equity / assets 72.0% 91.7% -21.5%
Interest coverage – 112.1x 6.9x
Current ratio 3.5x 18.7x 0.7x
Quick ratio 1.4x 18.6x 0.6x
Cash ratio 1.3x 17.3x 0.4x
Altman Z-score 7.46 6.50 1.58

Shareholder Returns

7 metrics
MetricNTESDDIGDEV
Dividend yield 2.5% – –
Net buyback yield 0.0% – –
Shareholder yield 2.5% 0.0% 0.0%
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.

ConsensusNTESDDIGDEV
Forward P/E 12.4xFY2026 5.3xFY2026 –
EPS, next fiscal year $9.57FY2026 $2.51FY2026 –
EPS growth, next FY +15.4%FY2026 +21.3%FY2026 –
EPS growth, the year after +7.4% -7.6% –
Revenue, next fiscal year $17.08BFY2026 $349.27MFY2026 –
Revenue growth, next FY +6.1%FY2026 -3.0%FY2026 –
Revenue growth, the year after +7.4% +3.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNTESDDIGDEV
Held by institutions 9.2% 19.0% 2.2%
Institutions holding 458 51 7
Change in shares held, QoQ +1.9% +15.4% -0.6%
Institutions buying 261 38 2
Institutions selling 121 11 3
Buyers to sellers 2.16 3.45 0.67

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.

NTESDDIGDEV
NTES 1.00 0.10 0.00
DDI 0.10 1.00 -0.02
GDEV 0.00 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NTES, DDI and GDEV?

NetEase (NTES) is the largest by market capitalisation: NetEase (NTES) $75.39B, DoubleDown Interactive (DDI) $674.17M, Gdev (GDEV) $176.78M.

Which stock is cheaper, NTES, DDI and GDEV?

Gdev (GDEV) trades on the lowest price-to-earnings ratio (NetEase (NTES) 16.9x, DoubleDown Interactive (DDI) 5.4x, Gdev (GDEV) 2.4x). On next year's consensus earnings, DoubleDown Interactive (DDI) is cheapest (NetEase (NTES) 12.4x, DoubleDown Interactive (DDI) 5.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

DoubleDown Interactive (DDI) grew revenue fastest over the trailing twelve months: NetEase (NTES) +9.8%, DoubleDown Interactive (DDI) +14.0%, Gdev (GDEV) -10.6%.

Which company is more profitable?

DoubleDown Interactive (DDI) has the highest net margin (NetEase (NTES) 26.6%, DoubleDown Interactive (DDI) 32.9%, Gdev (GDEV) 19.7%). On return on invested capital, NetEase (NTES) leads (NetEase (NTES) 22.7%, DoubleDown Interactive (DDI) 10.0%).

Which stock has performed better?

Over the past year DoubleDown Interactive (DDI) returned the most: NetEase (NTES) -19.4%, DoubleDown Interactive (DDI) +46.0%, Gdev (GDEV) -59.7%. Over five years, NetEase (NTES) compounded fastest (NetEase (NTES) +3.0%/yr, DoubleDown Interactive (DDI) -5.3%/yr, Gdev (GDEV) -35.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, DoubleDown Interactive (DDI) has been the steadiest (NetEase (NTES) 33.0%, DoubleDown Interactive (DDI) 32.2%, Gdev (GDEV) 88.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NTES, DDI and GDEV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, DoubleDown Interactive (DDI) leads on 7. 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.