PDD Holdings (PDD) EV to CFO (2018 - 2026)
PDD Holdings' EV to CFO was 2.59 in the quarter ended Jun 30, 2026, down 58.9% from 6.32 a year earlier and down 52.0% from the prior quarter.
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Analysis
PDD Holdings (PDD) EV to CFO (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, PDD Holdings' EV to CFO was -8.95 through Jun 30, 2026; for the year ended Dec 31, 2025, it came in at 10.55, up 30.6% from the prior year.
- In earlier years, EV to CFO was 8.08 in the year ended Dec 31, 2024 (-46.7%), 15.18 in the year ended Dec 31, 2023 (+39.1%), 10.91 in the year ended Dec 31, 2022 (-31.4%) and 15.89 in the year ended Dec 31, 2021 (-68.7%).
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly EV to CFO since the quarter ended Jun 30, 2024.
- Compared with a year earlier, EV to CFO was higher in two of the last seven quarters, with an average decline of 14.5%.
- The best year-over-year quarter for EV to CFO over five years was the quarter ended Dec 31, 2025 (growth of 34.6%); the worst was the quarter ended Mar 31, 2022 (a decline of 79.9%).
- Per Business Quant data, PDD's EV to CFO in the three quarters before the quarter ended Jun 30, 2026 was 5.40 (quarter ended Mar 31, 2026), 10.74 (quarter ended Dec 31, 2025) and 7.99 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.58 |
| Mar 31, 2026 | 5.39 |
| Dec 31, 2025 | 10.74 |
| Sep 30, 2025 | 7.97 |
| Jun 30, 2025 | 6.99 |
| Mar 31, 2025 | 7.10 |
| Dec 31, 2024 | 7.98 |
| Sep 30, 2024 | 7.83 |
| Jun 30, 2024 | -2,098.14 |
| Mar 31, 2024 | 8.00 |
| Dec 31, 2023 | 15.39 |
| Sep 30, 2023 | 8.66 |
| Jun 30, 2023 | 7.46 |
| Mar 31, 2023 | 9.01 |
| Dec 31, 2022 | 12.40 |
| Sep 30, 2022 | 10.54 |
| Jun 30, 2022 | 11.19 |
| Mar 31, 2022 | 9.80 |
| Dec 31, 2021 | 15.94 |
| Sep 30, 2021 | 23.21 |
API Access
PDD Holdings 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=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "PDD", "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=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();