PDD Holdings (PDD) Price to FCF (2018 - 2026)
PDD Holdings' Price to FCF came in at 6.80 for the quarter ended Jun 30, 2026, down 39.3% from 11.20 a year earlier and down 29.0% from the prior quarter.
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Analysis
PDD Holdings (PDD) Price to FCF (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, PDD Holdings' Price to FCF was 10.55, up 32.6% from the prior year.
- Going back by year, Price to FCF was 7.96 in the year ended Dec 31, 2024 (-47.3%), 15.11 in the year ended Dec 31, 2023 (+1.4%), 14.90 in the year ended Dec 31, 2022 (-9.8%) and 16.52 in the year ended Dec 31, 2021 (-67.5%).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Price to FCF in data going back to the quarter ended Sep 30, 2018.
- Year-over-year, Price to FCF increased in four of the last eight quarters, with an average decline of 4.0%.
- The fastest year-over-year change in Price to FCF over five years came in the quarter ended Dec 31, 2025 (growth of 34.9%), and the weakest in the quarter ended Mar 31, 2022 (a decline of 68.7%).
- Business Quant data shows PDD's Price to FCF at 9.57 (quarter ended Mar 31, 2026), 10.79 (quarter ended Dec 31, 2025) and 11.83 (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
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 | 6.80 |
| Mar 31, 2026 | 9.57 |
| Dec 31, 2025 | 10.79 |
| Sep 30, 2025 | 11.83 |
| Jun 30, 2025 | 11.20 |
| Mar 31, 2025 | 10.25 |
| Dec 31, 2024 | 8.00 |
| Sep 30, 2024 | 10.29 |
| Jun 30, 2024 | 9.79 |
| Mar 31, 2024 | 10.01 |
| Dec 31, 2023 | 15.22 |
| Sep 30, 2023 | 10.89 |
| Jun 30, 2023 | 10.04 |
| Mar 31, 2023 | 11.53 |
| Dec 31, 2022 | 15.24 |
| Sep 30, 2022 | 13.68 |
| Jun 30, 2022 | 14.37 |
| Mar 31, 2022 | 13.93 |
| Dec 31, 2021 | 16.39 |
| Sep 30, 2021 | 26.90 |
API Access
PDD Holdings Price to FCF 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-fcf&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();