Alibaba Group Holding Limited (BABA) Financial Ratios
20 years of historical data (2007–2026) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
16.63
↑+711% vs avg
5yr avg: 2.05
30Y Low0.7·High5.4
P/FCF
↑
N/A
—
5yr avg: 2.58
30Y Low1.2·High6.1
P/B Ratio
↓
1.55
↑+526% vs avg
5yr avg: 0.25
30Y Low0.2·High1.3
ROE
↑
9.4%
↓+15% vs avg
5yr avg: 8.1%
30Y Low6%·High151%
Debt/EBITDA
↑
2.43
↑+52% vs avg
5yr avg: 1.59
30Y Low0.1·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BABA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alibaba Group Holding Limited trades at 16.5x earnings, 410% above its 5-year average of 3.2x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 22%.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $249.8B | $301.7B | $319.3B | $184.1B | $269.7B | $296.3B | $623.0B | $518.9B | $478.6B | $479.0B | $277.4B |
| Enterprise Value | $262.6B | $387.8B | $386.1B | $110.7B | $239.2B | $247.7B | $449.5B | $323.6B | $422.7B | $405.1B | $225.5B |
| P/E Ratio → | 16.46 | 2.85 | 2.47 | 2.31 | 3.72 | 4.79 | 4.14 | 3.10 | 5.44 | 7.47 | 5.50 |
| P/S Ratio | 1.65 | 0.29 | 0.32 | 0.20 | 0.31 | 0.35 | 0.87 | 1.02 | 1.27 | 1.91 | 1.75 |
| P/B Ratio | 1.55 | 0.27 | 0.29 | 0.17 | 0.24 | 0.27 | 0.57 | 0.59 | 0.78 | 1.09 | 0.86 |
| P/FCF | — | — | 4.09 | 1.22 | 1.63 | 3.37 | 3.42 | 3.74 | 4.72 | 5.33 | 4.33 |
| P/OCF | 22.18 | 3.96 | 1.94 | 1.00 | 1.35 | 2.11 | 2.79 | 2.80 | 3.17 | 4.06 | 3.38 |
P/E links to full P/E history page with 30-year chart
BABA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alibaba Group Holding Limited's enterprise value stands at 16.6x EBITDA, 711% above its 5-year average of 2.1x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 37% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.38 | 0.39 | 0.12 | 0.28 | 0.29 | 0.63 | 0.63 | 1.12 | 1.62 | 1.42 |
| EV / EBITDA | 16.63 | 3.63 | 2.20 | 0.70 | 1.62 | 2.10 | 3.27 | 2.42 | 4.49 | 4.44 | 3.62 |
| EV / EBIT | 29.77 | 2.79 | 2.61 | 0.93 | 2.25 | 3.09 | 2.64 | 1.88 | 4.17 | 3.90 | 3.60 |
| EV / FCF | — | — | 4.94 | 0.73 | 1.45 | 2.82 | 2.47 | 2.33 | 4.17 | 4.51 | 3.52 |
BABA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alibaba Group Holding Limited earns an operating margin of 5.8%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 12.0% to 5.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.4% is modest. ROIC of 3.8% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.8% | 39.8% | 40.0% | 37.7% | 36.7% | 36.8% | 41.3% | 44.6% | 45.1% | 57.2% | 62.4% |
| Operating Margin | 5.8% | 5.8% | 14.1% | 12.0% | 11.6% | 8.2% | 12.5% | 17.9% | 15.1% | 27.7% | 30.4% |
| Net Profit Margin | 10.1% | 10.1% | 13.1% | 8.5% | 8.4% | 7.3% | 21.0% | 29.3% | 23.3% | 25.6% | 27.6% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 9.4% | 11.8% | 7.2% | 6.6% | 5.7% | 15.3% | 20.0% | 16.7% | 16.8% | 15.2% |
| ROA | 5.6% | 5.6% | 7.3% | 4.5% | 4.2% | 3.7% | 10.0% | 13.1% | 10.5% | 10.5% | 10.0% |
| ROIC | 3.8% | 3.8% | 9.6% | 8.0% | 7.1% | 5.4% | 8.4% | 11.0% | 9.3% | 16.3% | 15.3% |
| ROCE | 4.3% | 4.3% | 10.4% | 8.4% | 7.5% | 5.3% | 7.5% | 10.0% | 8.5% | 14.0% | 13.2% |
BABA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alibaba Group Holding Limited carries a Debt/EBITDA ratio of 2.4x, which is manageable (49% below the sector average of 4.8x). Net debt stands at $86.1B ($259.0B total debt minus $172.9B cash). Interest coverage of 14.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.23 | 0.18 | 0.17 | 0.16 | 0.17 | 0.17 | 0.22 | 0.29 | 0.28 |
| Debt / EBITDA | 2.43 | 2.43 | 1.41 | 1.30 | 1.33 | 1.50 | 1.32 | 1.10 | 1.43 | 1.37 | 1.47 |
| Net Debt / Equity | — | 0.08 | 0.06 | -0.07 | -0.03 | -0.04 | -0.16 | -0.22 | -0.09 | -0.17 | -0.16 |
| Net Debt / EBITDA | 0.81 | 0.81 | 0.38 | -0.47 | -0.21 | -0.41 | -1.26 | -1.46 | -0.59 | -0.81 | -0.83 |
| Debt / FCF | — | — | 0.85 | -0.49 | -0.18 | -0.55 | -0.95 | -1.41 | -0.55 | -0.82 | -0.81 |
| Interest Coverage | 14.21 | 14.21 | 15.39 | 6.67 | 6.25 | 3.89 | 8.25 | 33.17 | 19.54 | 29.16 | 23.47 |
BABA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.28x means Alibaba Group Holding Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.77x to 1.28x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.28 | 1.28 | 1.54 | 1.77 | 1.80 | 1.65 | 1.70 | 1.91 | 1.29 | 1.88 | 1.93 |
| Quick Ratio | 1.28 | 1.28 | 1.49 | 1.71 | 1.72 | 1.58 | 1.62 | 1.84 | 1.25 | 1.85 | 1.93 |
| Cash Ratio | 0.75 | 0.75 | 1.07 | 1.43 | 1.45 | 1.28 | 1.37 | 1.55 | 0.98 | 1.55 | 1.61 |
| Asset Turnover | — | 0.54 | 0.55 | 0.53 | 0.50 | 0.50 | 0.42 | 0.39 | 0.39 | 0.35 | 0.31 |
| Inventory Turnover | — | — | 31.63 | 23.02 | 19.25 | 17.90 | 15.10 | 19.02 | 24.24 | 23.63 | — |
| Days Sales Outstanding | — | — | 27.92 | 26.73 | 26.96 | 30.52 | 29.00 | 33.57 | 37.09 | 41.84 | 51.46 |
BABA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alibaba Group Holding Limited returns 2.4% to shareholders annually — split between a 1.9% dividend yield and 0.5% buyback yield. The payout ratio of 32.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 11.2% | 9.2% | 9.8% | — | — | — | — | — | — | — |
| Payout Ratio | 32.6% | 32.6% | 22.5% | 22.6% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 35.1% | 40.5% | 43.3% | 26.9% | 20.9% | 24.1% | 32.3% | 18.4% | 13.4% | 18.2% |
| FCF Yield | — | — | 24.5% | 81.9% | 61.4% | 29.7% | 29.2% | 26.7% | 21.2% | 18.8% | 23.1% |
| Buyback Yield | 0.5% | 2.5% | 27.4% | 48.6% | 27.7% | 20.3% | 0.1% | 0.0% | 2.3% | 0.0% | 4.9% |
| Total Shareholder Yield | 2.4% | 13.7% | 36.5% | 58.4% | 27.7% | 20.3% | 0.1% | 0.0% | 2.3% | 0.0% | 4.9% |
| Shares Outstanding | — | $2.4B | $2.4B | $2.5B | $2.6B | $2.7B | $2.7B | $2.7B | $2.6B | $2.6B | $2.6B |
Peer Comparison
Compare BABA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BABAYou | $250B | 16.5 | 16.6 | — | 39.8% | 5.8% | 9.4% | 3.8% | 2.4 |
 JD | $38B | 14.5 | 18.6 | 53.2 | 9.3% | 0.2% | 6.5% | 0.8% | 9.3 |
 PDD | $112B | 8.2 | 6.0 | 7.1 | 56.3% | 21.6% | 26.9% | 27.7% | 0.1 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 BIDU | $38B | 64.3 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
 SE | $56B | 36.2 | 28.4 | 12.4 | 44.7% | 8.1% | 14.9% | 14.1% | 1.8 |
 EBAY | $49B | 24.9 | 21.3 | 29.8 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 SHOP | $141B | 115.8 | 93.3 | 70.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 20 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into BABA consensus models and risk factors.
View Analysis
Should I Buy BABA?
Wall Street verdict, signals, and target summaries.
See Verdict
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
BABA — Frequently Asked Questions
Quick answers to the most common questions about buying BABA stock.
What is Alibaba Group Holding Limited's P/E ratio?
Alibaba Group Holding Limited's current P/E ratio is 16.5x. The historical average is 4.4x. This places it at the 100th percentile of its historical range.
What is Alibaba Group Holding Limited's EV/EBITDA?
Alibaba Group Holding Limited's current EV/EBITDA is 16.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.2x.
What is Alibaba Group Holding Limited's ROE?
Alibaba Group Holding Limited's return on equity (ROE) is 9.4%. The historical average is 30.5%.
Is BABA stock overvalued?
Based on historical data, Alibaba Group Holding Limited is trading at a P/E of 16.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alibaba Group Holding Limited's dividend yield?
Alibaba Group Holding Limited's current dividend yield is 1.94% with a payout ratio of 32.6%.
What are Alibaba Group Holding Limited's profit margins?
Alibaba Group Holding Limited has 39.8% gross margin and 5.8% operating margin.
How much debt does Alibaba Group Holding Limited have?
Alibaba Group Holding Limited's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.