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Vipshop Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vipshop and similar public comparables like Zalando, Meesho, Nykaa, Vishal Mega Mart and more.
Vipshop Overview
About Vipshop
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts ranging from 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurements, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop’s platform are sourced mostly through a consignment model with global brand partners . As of March 31, 2025, Eric Ya Shen, chairman and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds an 12.5% interest.
Founded
2010
HQ
Employees
15.0K
Website
Financials (LTM)
EV
$4B
Vipshop Financials
Vipshop reported last 12-month revenue of $16B and EBITDA of $2B.
In the same LTM period, Vipshop generated $4B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Vipshop P&L
In the most recent fiscal year, Vipshop reported revenue of $16B and EBITDA of $2B.
Vipshop expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vipshop Stock Performance
Vipshop has current market cap of $7B, and enterprise value of $4B.
Market Cap Evolution
Vipshop's stock price is $15.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $7B | -1.7% | XXX | XXX | XXX | $2.66 |
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Start Free TrialVipshop Valuation Multiples
Vipshop trades at 0.3x EV/Revenue multiple, and 2.7x EV/EBITDA.
EV / Revenue (LTM)
Vipshop Financial Valuation Multiples
As of April 21, 2026, Vipshop has market cap of $7B and EV of $4B.
Equity research analysts estimate Vipshop's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vipshop has a P/E ratio of 5.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 2.7x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBIT | 3.4x | XXX | 3.5x | XXX | XXX | XXX |
| EV/Gross Profit | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 5.7x | XXX | 5.8x | XXX | XXX | XXX |
| EV/FCF | 4.1x | XXX | 5.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vipshop 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.
Vipshop Margins & Growth Rates
Vipshop's revenue in the last 12 month grew by 2%.
Vipshop's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.2M for the same period.
Vipshop's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vipshop's rule of X is 15% (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).
Vipshop Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (0%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vipshop Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Vertical E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vipshop | XXX | XXX | XXX | XXX | XXX | XXX |
| Zalando | XXX | XXX | XXX | XXX | XXX | XXX |
| Meesho | XXX | XXX | XXX | XXX | XXX | XXX |
| Nykaa | XXX | XXX | XXX | XXX | XXX | XXX |
| Vishal Mega Mart | XXX | XXX | XXX | XXX | XXX | XXX |
| Zozo | 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.
Vipshop M&A Activity
Vipshop acquired XXX companies to date.
Last acquisition by Vipshop was on XXXXXXXX, XXXXX. Vipshop acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vipshop
| 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 TrialVipshop Investment Activity
Vipshop invested in XXX companies to date.
Vipshop made its latest investment on XXXXXXXX, XXXXX. Vipshop invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vipshop
| 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 Vipshop
| When was Vipshop founded? | Vipshop was founded in 2010. |
| Where is Vipshop headquartered? | Vipshop is headquartered in China. |
| How many employees does Vipshop have? | As of today, Vipshop has over 15K employees. |
| Who is the CEO of Vipshop? | Vipshop's CEO is Ya Eric Shen. |
| Is Vipshop publicly listed? | Yes, Vipshop is a public company listed on NYSE. |
| What is the stock symbol of Vipshop? | Vipshop trades under VIPS ticker. |
| When did Vipshop go public? | Vipshop went public in 2012. |
| Who are competitors of Vipshop? | Vipshop main competitors are Zalando, Meesho, Nykaa, Vishal Mega Mart. |
| What is the current market cap of Vipshop? | Vipshop's current market cap is $7B. |
| What is the current revenue of Vipshop? | Vipshop's last 12 months revenue is $16B. |
| What is the current revenue growth of Vipshop? | Vipshop revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Vipshop? | Current revenue multiple of Vipshop is 0.3x. |
| Is Vipshop profitable? | Yes, Vipshop is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vipshop? | Vipshop's last 12 months EBITDA is $2B. |
| What is Vipshop's EBITDA margin? | Vipshop's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Vipshop? | Current EBITDA multiple of Vipshop is 2.7x. |
| What is the current FCF of Vipshop? | Vipshop's last 12 months FCF is $992M. |
| What is Vipshop's FCF margin? | Vipshop's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Vipshop? | Current FCF multiple of Vipshop is 4.1x. |
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