PDD Holdings (PDD) Price to Book (2018 - 2026)
PDD Holdings' (PDD) quarterly Price to Book came in at 1.65 in Q2 2026, down 42.96% year-over-year from 2.88 in Q2 2025, and down 30.56% quarter-over-quarter from 2.37 in Q1 2026.
Analysis
PDD Holdings (PDD) Price to Book (2018 - 2026) Analysis & Trends
PDD Holdings has disclosed Price to Book across 9 years of filings, most recently posting 1.65 for Q2 2026.
- In Q2 2026, Price to Book fell 42.96% year-over-year to 1.65; the TTM figure through Jun 2026 stood at 1.65 (down 42.96% YoY), while the FY2025 annual figure was 2.73, down 13.2% from the prior year.
- Price to Book came in at 1.65 for Q2 2026 at PDD Holdings, down from 2.37 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 7.74 in Q4 2023 to a low of 1.65 in Q2 2026.
- Average Price to Book over 5 years is 4.45, with a median of 4.61 recorded in 2023.
- Year-over-year, Price to Book sank 75.93% in 2022 and advanced 29.63% in 2023.
- Over 5 years, Price to Book stood at 6.5 in 2022, then rose by 19.11% to 7.74 in 2023, then tumbled by 60.01% to 3.1 in 2024, then decreased by 10.55% to 2.77 in 2025, then plunged by 40.59% to 1.65 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 1.65 in Q2 2026, 2.37 in Q1 2026, and 2.77 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 | 1.65 |
| Mar 31, 2026 | 2.37 |
| Dec 31, 2025 | 2.77 |
| Sep 30, 2025 | 3.35 |
| Jun 30, 2025 | 2.88 |
| Mar 31, 2025 | 3.63 |
| Dec 31, 2024 | 3.10 |
| Sep 30, 2024 | 4.67 |
| Jun 30, 2024 | 5.23 |
| Mar 31, 2024 | 5.28 |
| Dec 31, 2023 | 7.74 |
| Sep 30, 2023 | 5.83 |
| Jun 30, 2023 | 4.55 |
| Mar 31, 2023 | 5.44 |
| Dec 31, 2022 | 6.50 |
| Sep 30, 2022 | 5.25 |
| Jun 30, 2022 | 5.76 |
| Mar 31, 2022 | 4.19 |
| Dec 31, 2021 | 6.27 |
| Sep 30, 2021 | 10.63 |