ZKH vs AMZN vs BABA vs JD

For growth investors, Amazon.

com, Inc. (AMZN) is the stronger pick with 12. 4% revenue growth year-over-year, versus 0. 5% for ZKH Group Limited (ZKH). JD. com, Inc. (JD) offers the better valuation at 7. 6x trailing P/E (1. 4x forward), making it the more compelling value choice. Analysts rate ZKH Group Limited (ZKH) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, JD.

com, Inc. (JD) is the cheapest at 7. 6x versus Amazon. com, Inc. at 38. 0x. On forward P/E, JD. com, Inc. is actually cheaper at 1. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: JD. com, Inc. wins at 0. 05x versus Amazon. com, Inc. 's 1. 12x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Amazon.

com, Inc. (AMZN) delivered a total return of +70. 9%, compared to -80. 6% for ZKH Group Limited (ZKH). Over 10 years, the gap is even starker: AMZN returned +702. 2% versus ZKH's -80. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), ZKH Group Limited (ZKH) is the lower-risk stock at 0.

55β versus Amazon. com, Inc. 's 1. 50β — meaning AMZN is approximately 172% more volatile than ZKH relative to the S&P 500. On balance sheet safety, ZKH Group Limited (ZKH) carries a lower debt/equity ratio of 18% versus 37% for Amazon. com, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Amazon.

com, Inc. (AMZN) is pulling ahead at 12. 4% versus 0. 5% for ZKH Group Limited (ZKH). On earnings-per-share growth, the picture is similar: JD. com, Inc. grew EPS 76. 5% year-over-year, compared to 10. 9% for ZKH Group Limited. Over a 3-year CAGR, AMZN leads at 11. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Alibaba Group Holding Limited (BABA) is the more profitable company, earning 13.

1% net margin versus -3. 1% for ZKH Group Limited — meaning it keeps 13. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BABA leads at 14. 1% versus 3. 3% for JD. At the gross margin level — before operating expenses — AMZN leads at 50. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, JD. com, Inc. (JD) is the more undervalued stock at a PEG of 0. 05x versus Amazon. com, Inc. 's 1. 12x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, JD. com, Inc. (JD) trades at 1. 4x forward P/E versus 31. 4x for Amazon. com, Inc. — 30. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BABA: 38. 7% to $194. 23.

In this comparison, JD (2.

6% yield), BABA (1. 3% yield) pay a dividend. ZKH, AMZN do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, JD.

com, Inc. (JD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 04), 2. 6% yield). Amazon. com, Inc. (AMZN) carries a higher beta of 1. 50 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (JD: +48. 4%, AMZN: +702. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ZKH is a small-cap quality compounder stock; AMZN is a mega-cap quality compounder stock; BABA is a large-cap deep-value stock; JD is a mid-cap deep-value stock. BABA, JD pay a dividend while ZKH, AMZN do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.