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Li Auto Valuation Multiples
Discover revenue and EBITDA valuation multiples for Li Auto and similar public comparables like Traton, TVS Motor, NIO, Tata Motors and more.
Li Auto Overview
About Li Auto
Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 500,000 NEVs in 2024, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.
Founded
2017
HQ
Employees
32.2K
Website
Financials (LTM)
EV
$6B
Li Auto Financials
Li Auto reported last 12-month revenue of $17B and EBITDA of $521M.
In the same LTM period, Li Auto generated $3B in gross profit, $521M in EBITDA, and $186M in net income.
Revenue (LTM)
Li Auto P&L
In the most recent fiscal year, Li Auto reported revenue of $16B and EBITDA of $894M.
Li Auto expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $521M | XXX | $894M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | (0%) | XXX | (0%) | XXX | XXX | XXX |
| Net Profit | $186M | XXX | $165M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 1% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Li Auto Stock Performance
Li Auto has current market cap of $19B, and enterprise value of $6B.
Market Cap Evolution
Li Auto's stock price is $9.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $19B | -0.1% | XXX | XXX | XXX | $0.08 |
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Start Free TrialLi Auto Valuation Multiples
Li Auto trades at 0.4x EV/Revenue multiple, and 12.4x EV/EBITDA.
EV / Revenue (LTM)
Li Auto Financial Valuation Multiples
As of April 18, 2026, Li Auto has market cap of $19B and EV of $6B.
Equity research analysts estimate Li Auto's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Li Auto has a P/E ratio of 100.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 12.4x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | (82.6x) | XXX | (84.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.0x | XXX | 2.1x | XXX | XXX | XXX |
| P/E | 100.6x | XXX | 113.3x | XXX | XXX | XXX |
| EV/FCF | (5.5x) | XXX | (3.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Li Auto 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.
Li Auto Margins & Growth Rates
Li Auto's revenue in the last 12 month grew by 19%.
Li Auto's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Li Auto's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Li Auto's rule of X is 46% (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).
Li Auto Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 74% | XXX | (25%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Li Auto Public Comps
See public comps and valuation multiples for other Automakers and Electric Vehicles comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Li Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| NIO | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Motors | XXX | XXX | XXX | XXX | XXX | XXX |
| XPENG | 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.
Li Auto M&A Activity
Li Auto acquired XXX companies to date.
Last acquisition by Li Auto was on XXXXXXXX, XXXXX. Li Auto acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Li Auto
| 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 |
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Start Free TrialLi Auto Investment Activity
Li Auto invested in XXX companies to date.
Li Auto made its latest investment on XXXXXXXX, XXXXX. Li Auto invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Li Auto
| 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 |
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Start Free TrialAbout Li Auto
| When was Li Auto founded? | Li Auto was founded in 2017. |
| Where is Li Auto headquartered? | Li Auto is headquartered in China. |
| How many employees does Li Auto have? | As of today, Li Auto has over 32K employees. |
| Who is the CEO of Li Auto? | Li Auto's CEO is Xiang Li. |
| Is Li Auto publicly listed? | Yes, Li Auto is a public company listed on HKEX. |
| What is the stock symbol of Li Auto? | Li Auto trades under 02015 ticker. |
| When did Li Auto go public? | Li Auto went public in 2021. |
| Who are competitors of Li Auto? | Li Auto main competitors are Traton, TVS Motor, NIO, Tata Motors. |
| What is the current market cap of Li Auto? | Li Auto's current market cap is $19B. |
| What is the current revenue of Li Auto? | Li Auto's last 12 months revenue is $17B. |
| What is the current revenue growth of Li Auto? | Li Auto revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Li Auto? | Current revenue multiple of Li Auto is 0.4x. |
| Is Li Auto profitable? | Yes, Li Auto is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Li Auto? | Li Auto's last 12 months EBITDA is $521M. |
| What is Li Auto's EBITDA margin? | Li Auto's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Li Auto? | Current EBITDA multiple of Li Auto is 12.4x. |
| What is the current FCF of Li Auto? | Li Auto's last 12 months FCF is ($1B). |
| What is Li Auto's FCF margin? | Li Auto's last 12 months FCF margin is (7%). |
| What is the current EV/FCF multiple of Li Auto? | Current FCF multiple of Li Auto is (5.5x). |
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