🚀 VC round data is live in beta, check it out!
KE Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for KE Holdings and similar public comparables like Swire Properties, DiDi, Grab, RB Global and more.
KE Holdings Overview
About KE Holdings
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies, including franchise brand Deyou in other cities, with commissions charged on existing-home and new-home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As of the end of 2024, Beike’s co-founders collectively control the company, while Tencent and its affiliates share 8% of voting power.
Founded
2018
HQ
Employees
116.3K
Website
Financials (LTM)
EV
$14B
KE Holdings Financials
KE Holdings reported last 12-month revenue of $13B and EBITDA of $772M.
In the same LTM period, KE Holdings generated $3B in gross profit, $772M in EBITDA, and $516M in net income.
Revenue (LTM)
KE Holdings P&L
In the most recent fiscal year, KE Holdings reported revenue of $14B and EBITDA of $1B.
KE Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $14B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $772M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $516M | XXX | $596M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
KE Holdings Stock Performance
KE Holdings has current market cap of $18B, and enterprise value of $14B.
Market Cap Evolution
KE Holdings' stock price is $5.41.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $18B | 0.0% | XXX | XXX | XXX | $0.18 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialKE Holdings Valuation Multiples
KE Holdings trades at 1.0x EV/Revenue multiple, and 18.0x EV/EBITDA.
EV / Revenue (LTM)
KE Holdings Financial Valuation Multiples
As of April 20, 2026, KE Holdings has market cap of $18B and EV of $14B.
Equity research analysts estimate KE Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
KE Holdings has a P/E ratio of 35.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 18.0x | XXX | 12.0x | XXX | XXX | XXX |
| EV/EBIT | 24.5x | XXX | 20.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.7x | XXX | 4.1x | XXX | XXX | XXX |
| P/E | 35.1x | XXX | 30.4x | XXX | XXX | XXX |
| EV/FCF | 513.1x | XXX | 11.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified KE Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
KE Holdings Margins & Growth Rates
KE Holdings' revenue in the last 12 month declined by (2%).
KE Holdings' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
KE Holdings' rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
KE Holdings' rule of X is (6%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
KE Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 44% | XXX | (43%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 3% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (6%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
KE Holdings Public Comps
See public comps and valuation multiples for other Consumer Marketplaces and Real Estate Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| KE Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Swire Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| DiDi | XXX | XXX | XXX | XXX | XXX | XXX |
| Grab | XXX | XXX | XXX | XXX | XXX | XXX |
| RB Global | XXX | XXX | XXX | XXX | XXX | XXX |
| CoStar Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
KE Holdings M&A Activity
KE Holdings acquired XXX companies to date.
Last acquisition by KE Holdings was on XXXXXXXX, XXXXX. KE Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by KE Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialKE Holdings Investment Activity
KE Holdings invested in XXX companies to date.
KE Holdings made its latest investment on XXXXXXXX, XXXXX. KE Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by KE Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout KE Holdings
| When was KE Holdings founded? | KE Holdings was founded in 2018. |
| Where is KE Holdings headquartered? | KE Holdings is headquartered in China. |
| How many employees does KE Holdings have? | As of today, KE Holdings has over 116K employees. |
| Who is the CEO of KE Holdings? | KE Holdings' CEO is Yongdong Peng. |
| Is KE Holdings publicly listed? | Yes, KE Holdings is a public company listed on HKEX. |
| What is the stock symbol of KE Holdings? | KE Holdings trades under 02423 ticker. |
| When did KE Holdings go public? | KE Holdings went public in 2022. |
| Who are competitors of KE Holdings? | KE Holdings main competitors are Swire Properties, DiDi, Grab, RB Global. |
| What is the current market cap of KE Holdings? | KE Holdings' current market cap is $18B. |
| What is the current revenue of KE Holdings? | KE Holdings' last 12 months revenue is $13B. |
| What is the current revenue growth of KE Holdings? | KE Holdings revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of KE Holdings? | Current revenue multiple of KE Holdings is 1.0x. |
| Is KE Holdings profitable? | Yes, KE Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of KE Holdings? | KE Holdings' last 12 months EBITDA is $772M. |
| What is KE Holdings' EBITDA margin? | KE Holdings' last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of KE Holdings? | Current EBITDA multiple of KE Holdings is 18.0x. |
| What is the current FCF of KE Holdings? | KE Holdings' last 12 months FCF is $27M. |
| What is KE Holdings' FCF margin? | KE Holdings' last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of KE Holdings? | Current FCF multiple of KE Holdings is 513.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.