Meituan Valuation Multiples

Meituan Overview

About Meituan

Meituan is the largest food delivery platform in China, with a 60%-70% share of the market in 2024, according to Morningstar estimates. In the third quarter of 2024, the firm generated 74% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.

Founded

2015

HQ

Employees

108.9K

Website

meituan.com

Sectors

Consumer MarketplacesFood DeliveryVertical MarketplacesFoodTech

Financials (LTM)

Revenue: $54B

EBITDA: ($1B)

EV

$47B

Valuation Multiples

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Meituan Financials

Meituan reported last 12-month revenue of $54B and negative EBITDA of ($1B).

In the same LTM period, Meituan generated $17B in gross profit, ($1B) in EBITDA losses, and had net loss of ($3B).

Meituan P&L

In the most recent fiscal year, Meituan reported revenue of $49B and EBITDA of $7B.

Meituan expects next 12-month revenue of XXX and NTM EBITDA of XXX

Meituan Stock Performance

Meituan has current market cap of $60B, and enterprise value of $47B.

Meituan's stock price is $9.89.

Meituan Valuation Multiples

Meituan trades at 0.9x EV/Revenue multiple, and (35.9x) EV/EBITDA.

Meituan Financial Valuation Multiples

As of March 14, 2026, Meituan has market cap of $60B and EV of $47B.

Equity research analysts estimate Meituan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Meituan has a P/E ratio of (22.9x).

Meituan Margins & Growth Rates

Meituan's revenue in the last 12 month grew by 13%.

Meituan's revenue per employee in the last FY averaged $0.5M.

Meituan's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Meituan's rule of X is 30% (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).

Meituan Public Comps

See public comps and valuation multiples for other Consumer Marketplaces and Food Delivery comps.

Meituan M&A Activity

Meituan acquired XXX companies to date.

Last acquisition by Meituan was on XXXXXXXX, XXXXX. Meituan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Meituan Investment Activity

Meituan invested in XXX companies to date.

Meituan made its latest investment on XXXXXXXX, XXXXX. Meituan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).