19 years of historical data (2007–2025) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alibaba Group Holding Limited trades at 18.4x earnings, 429% above its 5-year average of 3.5x, sitting at the 100th percentile of its historical range. This is roughly in line with the Consumer Cyclical sector median P/E of 18.8x. On a free-cash-flow basis, the stock trades at 233.7x P/FCF, 8411% above the 5-year average of 2.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.66T | $319.3B | $184.1B | $269.7B | $296.3B | $623.0B | $518.9B | $478.6B | $479.0B | $277.4B | $202.5B |
| Enterprise Value | $2.67T | $386.1B | $110.7B | $239.2B | $247.7B | $449.5B | $323.6B | $422.7B | $405.1B | $225.5B | $152.1B |
| P/E Ratio → | 18.44 | 2.47 | 2.31 | 3.72 | 4.79 | 4.14 | 3.10 | 5.44 | 7.47 | 5.50 | 2.32 |
| P/S Ratio | 18.33 | 0.32 | 0.20 | 0.31 | 0.35 | 0.87 | 1.02 | 1.27 | 1.91 | 1.75 | 2.00 |
| P/B Ratio | 2.19 | 0.29 | 0.17 | 0.24 | 0.27 | 0.57 | 0.59 | 0.78 | 1.09 | 0.86 | 0.81 |
| P/FCF | 233.68 | 4.09 | 1.22 | 1.63 | 3.37 | 3.42 | 3.74 | 4.72 | 5.33 | 4.33 | 4.33 |
| P/OCF | 110.81 | 1.94 | 1.00 | 1.35 | 2.11 | 2.79 | 2.80 | 3.17 | 4.06 | 3.38 | 3.50 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alibaba Group Holding Limited's enterprise value stands at 104.2x EBITDA, 5169% above its 5-year average of 2.0x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 849% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.39 | 0.12 | 0.28 | 0.29 | 0.63 | 0.63 | 1.12 | 1.62 | 1.42 | 1.50 |
| EV / EBITDA | 104.23 | 2.20 | 0.70 | 1.62 | 2.10 | 3.27 | 2.42 | 4.49 | 4.44 | 3.62 | 4.21 |
| EV / EBIT | 130.09 | 2.61 | 0.93 | 2.25 | 3.09 | 2.64 | 1.88 | 4.17 | 3.90 | 3.60 | 1.82 |
| EV / FCF | — | 4.94 | 0.73 | 1.45 | 2.82 | 2.47 | 2.33 | 4.17 | 4.51 | 3.52 | 3.25 |
Margins and return-on-capital ratios measuring operating efficiency
Alibaba Group Holding Limited earns an operating margin of 14.1%, above the Consumer Cyclical sector average of 2.4%. Operating margins have expanded from 11.6% to 14.1% over the past 3 years, signaling improving operational efficiency. ROE of 11.8% is modest. ROIC of 9.6% represents adequate returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0% | 40.0% | 37.7% | 36.7% | 36.8% | 41.3% | 44.6% | 45.1% | 57.2% | 62.4% | 66.0% |
| Operating Margin | 14.1% | 14.1% | 12.0% | 11.6% | 8.2% | 12.5% | 17.9% | 15.1% | 27.7% | 30.4% | 28.8% |
| Net Profit Margin | 13.1% | 13.1% | 8.5% | 8.4% | 7.3% | 21.0% | 29.3% | 23.3% | 25.6% | 27.6% | 70.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.8% | 11.8% | 7.2% | 6.6% | 5.7% | 15.3% | 20.0% | 16.7% | 16.8% | 15.2% | 35.1% |
| ROA | 7.3% | 7.3% | 4.5% | 4.2% | 3.7% | 10.0% | 13.1% | 10.5% | 10.5% | 10.0% | 23.1% |
| ROIC | 9.6% | 9.6% | 8.0% | 7.1% | 5.4% | 8.4% | 11.0% | 9.3% | 16.3% | 15.3% | 14.6% |
| ROCE | 10.4% | 10.4% | 8.4% | 7.5% | 5.3% | 7.5% | 10.0% | 8.5% | 14.0% | 13.2% | 11.0% |
Solvency and debt-coverage ratios — lower is generally safer
Alibaba Group Holding Limited carries a Debt/EBITDA ratio of 1.4x, which is manageable (66% below the sector average of 4.2x). Net debt stands at $66.8B ($248.5B total debt minus $181.7B cash). Interest coverage of 14.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.18 | 0.17 | 0.16 | 0.17 | 0.17 | 0.22 | 0.29 | 0.28 | 0.23 |
| Debt / EBITDA | 1.41 | 1.41 | 1.30 | 1.33 | 1.50 | 1.32 | 1.10 | 1.43 | 1.37 | 1.47 | 1.60 |
| Net Debt / Equity | — | 0.06 | -0.07 | -0.03 | -0.04 | -0.16 | -0.22 | -0.09 | -0.17 | -0.16 | -0.20 |
| Net Debt / EBITDA | 0.38 | 0.38 | -0.47 | -0.21 | -0.41 | -1.26 | -1.46 | -0.59 | -0.81 | -0.83 | -1.39 |
| Debt / FCF | — | 0.85 | -0.49 | -0.18 | -0.55 | -0.95 | -1.41 | -0.55 | -0.82 | -0.81 | -1.08 |
| Interest Coverage | 14.68 | 14.68 | 6.33 | 5.91 | 3.38 | 4.35 | 17.65 | 11.00 | 19.44 | 17.99 | 14.95 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.54x means Alibaba Group Holding Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.80x to 1.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.77 | 1.80 | 1.65 | 1.70 | 1.91 | 1.29 | 1.88 | 1.93 | 2.56 |
| Quick Ratio | 1.49 | 1.49 | 1.71 | 1.72 | 1.58 | 1.62 | 1.84 | 1.25 | 1.85 | 1.93 | 2.56 |
| Cash Ratio | 1.07 | 1.07 | 1.43 | 1.45 | 1.28 | 1.37 | 1.55 | 0.98 | 1.55 | 1.61 | 2.25 |
| Asset Turnover | — | 0.55 | 0.53 | 0.50 | 0.50 | 0.42 | 0.39 | 0.39 | 0.35 | 0.31 | 0.28 |
| Inventory Turnover | 31.63 | 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 | 44.39 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alibaba Group Holding Limited returns 1.7% to shareholders annually — split between a 1.2% dividend yield and 0.5% buyback yield. The payout ratio of 22.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 9.2% | 9.8% | — | — | — | — | — | — | — | — |
| Payout Ratio | 22.5% | 22.5% | 22.6% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 40.5% | 43.3% | 26.9% | 20.9% | 24.1% | 32.3% | 18.4% | 13.4% | 18.2% | 43.0% |
| FCF Yield | 0.4% | 24.5% | 81.9% | 61.4% | 29.7% | 29.2% | 26.7% | 21.2% | 18.8% | 23.1% | 23.1% |
| Buyback Yield | 0.5% | 27.4% | 48.6% | 27.7% | 20.3% | 0.1% | 0.0% | 2.3% | 0.0% | 4.9% | 9.9% |
| Total Shareholder Yield | 1.7% | 36.5% | 58.4% | 27.7% | 20.3% | 0.1% | 0.0% | 2.3% | 0.0% | 4.9% | 9.9% |
| Shares Outstanding | — | $2.4B | $2.5B | $2.6B | $2.7B | $2.7B | $2.7B | $2.6B | $2.6B | $2.6B | $2.6B |
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 | $2.7T | 18.4 | 104.2 | 233.7 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
| AMZN | $2.3T | 29.3 | 18.4 | 293.0 | 50.3% | 11.2% | 22.3% | 14.7% | 1.2 |
| PDD | $578B | 9.4 | 35.9 | 32.8 | 60.9% | 27.5% | 44.9% | 40.3% | 0.1 |
| MELI | $89B | 44.6 | 24.1 | 8.3 | 44.5% | 11.1% | 36.0% | 20.8% | 2.8 |
| EBAY | $41B | 20.9 | 17.9 | 27.5 | 71.5% | 20.5% | 41.6% | 17.0% | 2.7 |
| JD | $8B | 6.8 | 0.8 | 1.3 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
| SE | $5B | 148.6 | 6.3 | 1.7 | 42.8% | 3.9% | 5.9% | 5.4% | 3.9 |
| CPNG | $3B | 173.5 | 1.7 | 5.8 | -196.7% | 5.8% | 1.6% | 3.2% | 8.6 |
| YJ | $1B | -0.4 | — | — | 49.4% | -32.6% | -10.9% | -13.1% | — |
| JMIA | $1B | — | — | — | 53.9% | -33.5% | -109.9% | -3258.1% | — |
| HEPS | $853M | -23.3 | 16.0 | — | 37.5% | 0.0% | -39.7% | — | 1.1 |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonAlibaba Group Holding Limited's current P/E ratio is 18.4x. The historical average is 4.5x. This places it at the 100th percentile of its historical range.
Alibaba Group Holding Limited's current EV/EBITDA is 104.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.1x.
Alibaba Group Holding Limited's return on equity (ROE) is 11.8%. The historical average is 31.6%.
Based on historical data, Alibaba Group Holding Limited is trading at a P/E of 18.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Alibaba Group Holding Limited's current dividend yield is 1.23% with a payout ratio of 22.5%.
Alibaba Group Holding Limited has 40.0% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
Alibaba Group Holding Limited's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.