NetEase (NTES) EV to CFO (2009 - 2026)
NetEase's EV to CFO was 9.75 in the quarter ended Jun 30, 2026, down 16.6% from 11.70 a year earlier but up 23.3% from the prior quarter.
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Analysis
NetEase (NTES) EV to CFO (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, NetEase's EV to CFO was 5.32 through Jun 30, 2026, down 35.5% year-over-year; for the year ended Dec 31, 2025, it was 10.82, up 21.3% from the prior year.
- In earlier years, EV to CFO was 8.93 in the year ended Dec 31, 2024 (-21.7%), 11.39 in the year ended Dec 31, 2023 (+7.2%), 10.63 in the year ended Dec 31, 2022 (-34.1%) and 16.12 in the year ended Dec 31, 2021 (+1.0%).
- Quarterly EV to CFO has moved between 7.90 (the quarter ended Mar 31, 2026) and 16.31 (the quarter ended Dec 31, 2021) over five years.
- Compared with a year earlier, EV to CFO was higher in three of the last eight quarters, with an average decline of 4.3%.
- The best year-over-year quarter for EV to CFO over five years was the quarter ended Dec 31, 2025 (growth of 27.1%); the worst was the quarter ended Dec 31, 2022 (a decline of 35.8%).
- Per Business Quant data, NTES's EV to CFO in the three quarters before the quarter ended Jun 30, 2026 was 7.90 (quarter ended Mar 31, 2026), 11.13 (quarter ended Dec 31, 2025) and 12.96 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn |
| 10 | NetEase | 74.83 Bn | 32.10 Bn | 3.13 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.75 |
| Mar 31, 2026 | 7.90 |
| Dec 31, 2025 | 11.13 |
| Sep 30, 2025 | 12.96 |
| Jun 30, 2025 | 11.70 |
| Mar 31, 2025 | 9.76 |
| Dec 31, 2024 | 8.76 |
| Sep 30, 2024 | 10.37 |
| Jun 30, 2024 | 10.95 |
| Mar 31, 2024 | 11.07 |
| Dec 31, 2023 | 11.41 |
| Sep 30, 2023 | 13.35 |
| Jun 30, 2023 | 13.77 |
| Mar 31, 2023 | 12.70 |
| Dec 31, 2022 | 10.47 |
| Sep 30, 2022 | 11.08 |
| Jun 30, 2022 | 14.27 |
| Mar 31, 2022 | 14.86 |
| Dec 31, 2021 | 16.31 |
| Sep 30, 2021 | 13.68 |
API Access
NetEase EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "NTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();