PDD Holdings (PDD) EV to EBITDA (2018 - 2026)
PDD Holdings' (PDD) quarterly EV to EBITDA came in at 19.2 in Q2 2026, down 42.23% year-over-year from 33.24 in Q2 2025, and down 53.51% quarter-over-quarter from 41.3 in Q1 2026.
Analysis
PDD Holdings (PDD) EV to EBITDA (2018 - 2026) Analysis & Trends
PDD Holdings has disclosed EV to EBITDA across 9 years of filings, most recently posting 19.2 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 42.23% year-over-year to 19.2; the TTM figure through Jun 2026 stood at 5.45 (down 41.71% YoY), while the FY2025 annual figure was 10.16, up 28.19% from the prior year.
- EV to EBITDA came in at 19.2 for Q2 2026 at PDD Holdings, down from 41.3 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 104.44 in Q1 2022 to a low of 3525.08 in Q2 2024.
- Average EV to EBITDA over 5 years is 149.07, with a median of 43.7 recorded in 2025.
- Year-over-year, EV to EBITDA jumped 144.96% in 2022 and plunged 9004.06% in 2024.
- Over 5 years, EV to EBITDA stood at 71.62 in 2022, then slipped by 18.38% to 58.46 in 2023, then sank by 42.69% to 33.5 in 2024, then gained by 2.14% to 34.22 in 2025, then plunged by 43.88% to 19.2 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 19.2 in Q2 2026, 41.3 in Q1 2026, and 34.22 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.20 |
| Mar 31, 2026 | 41.30 |
| Dec 31, 2025 | 34.22 |
| Sep 30, 2025 | 46.09 |
| Jun 30, 2025 | 33.24 |
| Mar 31, 2025 | 62.00 |
| Dec 31, 2024 | 33.50 |
| Sep 30, 2024 | 47.06 |
| Jun 30, 2024 | -3,525.08 |
| Mar 31, 2024 | 37.34 |
| Dec 31, 2023 | 58.46 |
| Sep 30, 2023 | 46.13 |
| Jun 30, 2023 | 39.59 |
| Mar 31, 2023 | 81.34 |
| Dec 31, 2022 | 71.62 |
| Sep 30, 2022 | 40.05 |
| Jun 30, 2022 | 46.29 |
| Mar 31, 2022 | 104.44 |
| Dec 31, 2021 | 58.67 |
| Sep 30, 2021 | 286.53 |