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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
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 |
API Access
PDD Holdings Price to Book 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=price-to-book&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();