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PDD Holdings operates commerce businesses in over 80 countries globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
2015
23.5K+
LTM Revenue $7.9B
LTM EBITDA $2.1B
$88.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
PDD Holdings has a last 12-month revenue (LTM) of $7.9B and a last 12-month EBITDA of $2.1B.
In the most recent fiscal year, PDD Holdings achieved revenue of $394B and an EBITDA of $135B.
PDD Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See PDD Holdings valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $7.9B | XXX | $394B | XXX | XXX | XXX |
| Gross Profit | $4.8B | XXX | $240B | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $2.1B | XXX | $135B | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 34% | XXX | XXX | XXX |
| EBIT | $2.0B | XXX | $108B | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $2.0B | XXX | $112B | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 29% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, PDD Holdings's stock price is $97.
PDD Holdings has current market cap of $137B, and EV of $88.0B.
See PDD Holdings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $88.0B | $137B | XXX | XXX | XXX | XXX | $10.44 |
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Start Free TrialAs of May 30, 2025, PDD Holdings has market cap of $137B and EV of $88.0B.
PDD Holdings's trades at 0.2x EV/Revenue multiple, and 0.7x EV/EBITDA.
Equity research analysts estimate PDD Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PDD Holdings has a P/E ratio of 9.5x.
See valuation multiples for PDD Holdings and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $137B | XXX | $137B | XXX | XXX | XXX |
| EV (current) | $88.0B | XXX | $88.0B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 5.9x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBIT | 6.2x | XXX | 0.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.5x | XXX | 1.2x | XXX | XXX | XXX |
| EV/FCF | 4.8x | XXX | 0.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialPDD Holdings's last 12 month revenue growth is 14%
PDD Holdings's revenue per employee in the last FY averaged $16.8M, while opex per employee averaged $5.6M for the same period.
PDD Holdings's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
PDD Holdings's rule of X is 61% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for PDD Holdings and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | -58% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | -57% | XXX | XXX | XXX |
| Rule of 40 | 44% | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 61% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $16.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $5.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 33% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Adore Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Kogan.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| BIKE24 | 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.
PDD Holdings acquired XXX companies to date.
Last acquisition by PDD Holdings was XXXXXXXX, XXXXX XXXXX XXXXXX . PDD Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was PDD Holdings founded? | PDD Holdings was founded in 2015. |
| Where is PDD Holdings headquartered? | PDD Holdings is headquartered in United States of America. |
| How many employees does PDD Holdings have? | As of today, PDD Holdings has 23.5K+ employees. |
| Who is the CEO of PDD Holdings? | PDD Holdings's CEO is Mr. Lei Chen. |
| Is PDD Holdings publicy listed? | Yes, PDD Holdings is a public company listed on NAS. |
| What is the stock symbol of PDD Holdings? | PDD Holdings trades under PDD ticker. |
| When did PDD Holdings go public? | PDD Holdings went public in 2018. |
| Who are competitors of PDD Holdings? | Similar companies to PDD Holdings include e.g. Brillia Inc, Adore Beauty, Kogan.com, Temple & Webster. |
| What is the current market cap of PDD Holdings? | PDD Holdings's current market cap is $137B |
| What is the current revenue of PDD Holdings? | PDD Holdings's last 12 months revenue is $7.9B. |
| What is the current revenue growth of PDD Holdings? | PDD Holdings revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of PDD Holdings? | Current revenue multiple of PDD Holdings is 1.5x. |
| Is PDD Holdings profitable? | Yes, PDD Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of PDD Holdings? | PDD Holdings's last 12 months EBITDA is $2.1B. |
| What is PDD Holdings's EBITDA margin? | PDD Holdings's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of PDD Holdings? | Current EBITDA multiple of PDD Holdings is 5.9x. |
| What is the current FCF of PDD Holdings? | PDD Holdings's last 12 months FCF is $2.6B. |
| What is PDD Holdings's FCF margin? | PDD Holdings's last 12 months FCF margin is 32%. |
| What is the current EV/FCF multiple of PDD Holdings? | Current FCF multiple of PDD Holdings is 4.8x. |
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