KE Holdings Inc. (BEKE) Financial Ratios
8 years of historical data (2017–2024) · Real Estate · Real Estate - Services
EV/EBITDA
↓
88.74
↓-38% vs avg
5yr avg: 143.39
30Y Low2.9·High14.0
P/FCF
↓
49.08
↑+841% vs avg
5yr avg: 5.21
30Y Low1.9·High11.0
P/B Ratio
↓
2.04
↑+356% vs avg
5yr avg: 0.45
30Y Low0.2·High1.1
ROE
↑
5.7%
↓+68% vs avg
5yr avg: 3.4%
30Y Low-9%·High8%
Debt/EBITDA
↑
4.74
↓-95% vs avg
5yr avg: 100.05
30Y Low2.0·High18.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BEKE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
KE Holdings Inc. trades at 35.8x earnings, 48% above its 5-year average of 24.3x, sitting at the 67th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 48%. On a free-cash-flow basis, the stock trades at 49.1x P/FCF, 841% above the 5-year average of 5.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $60.5B | $21.7B | $19.5B | $16.6B | $23.8B | $71.4B | — | — | — |
| Enterprise Value | $62.2B | $32.9B | $17.9B | $9.4B | $10.9B | $38.4B | — | — | — |
| P/E Ratio → | 35.84 | 5.34 | 3.31 | — | — | 64.10 | — | — | — |
| P/S Ratio | 4.42 | 0.23 | 0.25 | 0.27 | 0.29 | 1.01 | — | — | — |
| P/B Ratio | 2.04 | 0.30 | 0.27 | 0.24 | 0.35 | 1.07 | — | — | — |
| P/FCF | 49.08 | 2.58 | 1.90 | 2.17 | 10.99 | 8.43 | — | — | — |
| P/OCF | 43.69 | 2.30 | 1.75 | 1.96 | 6.62 | 7.63 | — | — | — |
P/E links to full P/E history page with 30-year chart
BEKE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
KE Holdings Inc.'s enterprise value stands at 88.7x EBITDA, 38% below its 5-year average of 143.4x. The Real Estate sector median is 16.7x, placing the stock at a 433% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.35 | 0.23 | 0.15 | 0.13 | 0.55 | — | — | — |
| EV / EBITDA | 88.74 | 6.89 | 2.88 | 14.01 | 683.56 | 9.57 | — | — | — |
| EV / EBIT | 112.60 | 8.41 | 2.26 | — | — | 12.49 | — | — | — |
| EV / FCF | — | 3.92 | 1.74 | 1.22 | 5.02 | 4.54 | — | — | — |
BEKE Profitability
Margins and return-on-capital ratios measuring operating efficiency
KE Holdings Inc. earns an operating margin of 4.0%, below the Real Estate sector average of 26.0%. Operating margins have expanded from -1.4% to 4.0% over the past 3 years, signaling improving operational efficiency. ROE of 5.7% is modest. ROIC of 3.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6% | 24.6% | 27.9% | 22.7% | 19.6% | 23.9% | 24.5% | 24.0% | 18.7% |
| Operating Margin | 4.0% | 4.0% | 6.2% | -1.4% | -1.7% | 4.0% | -2.2% | -4.3% | -3.0% |
| Net Profit Margin | 4.3% | 4.3% | 7.6% | -2.3% | -0.6% | 3.9% | -4.7% | -1.6% | -2.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 8.3% | -2.0% | -0.8% | 5.6% | -9.4% | -3.4% | -4.6% |
| ROA | 3.2% | 3.2% | 5.1% | -1.3% | -0.5% | 3.2% | -4.1% | -1.3% | -1.8% |
| ROIC | 3.7% | 3.7% | 5.4% | -1.1% | -2.3% | 7.9% | -4.8% | -7.4% | -4.4% |
| ROCE | 4.7% | 4.7% | 6.1% | -1.1% | -1.9% | 5.2% | -3.5% | -7.2% | -4.9% |
BEKE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
KE Holdings Inc. carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (40% below the sector average of 7.9x). Net debt stands at $11.2B ($22.7B total debt minus $11.4B cash). Interest coverage of 131.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.25 | 0.18 | 0.11 | 0.12 | 0.41 | 0.40 | 0.46 |
| Debt / EBITDA | 4.74 | 4.74 | 2.90 | 18.20 | 472.41 | 1.99 | 703.15 | — | 120.10 |
| Net Debt / Equity | — | 0.16 | -0.02 | -0.10 | -0.19 | -0.49 | -0.36 | -0.21 | 0.04 |
| Net Debt / EBITDA | 2.35 | 2.35 | -0.27 | -10.78 | -813.75 | -8.21 | -607.58 | — | 9.43 |
| Debt / FCF | — | 1.33 | -0.16 | -0.94 | -5.97 | -3.89 | — | -1.18 | — |
| Interest Coverage | 131.87 | 131.87 | 170.39 | -57.50 | -114.28 | — | -5.64 | -27.97 | -17.42 |
BEKE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.45x means KE Holdings Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.11x to 1.45x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.45 | 1.45 | 1.76 | 2.11 | 2.42 | 2.60 | 1.87 | 1.33 | 1.50 |
| Quick Ratio | 1.42 | 1.42 | 1.76 | 2.11 | 2.42 | 2.22 | 1.45 | 1.11 | 1.12 |
| Cash Ratio | 1.00 | 1.00 | 1.36 | 1.65 | 1.72 | 1.68 | 0.94 | 0.57 | 0.80 |
| Asset Turnover | — | 0.70 | 0.65 | 0.55 | 0.80 | 0.68 | 0.68 | 0.74 | 0.81 |
| Inventory Turnover | 43.80 | 43.80 | 184.28 | 367.58 | 3411.24 | 4.13 | 2.99 | 4.71 | 3.38 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
BEKE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
KE Holdings Inc. returns 3.2% to shareholders annually — split between a 1.9% dividend yield and 1.2% buyback yield. A payout ratio of 69.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.8% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 13.0% | 7.3% | 0.3% | 0.3% | 0.1% | — | — | — |
| Payout Ratio | 69.6% | 69.6% | 24.2% | — | — | 1.4% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 18.7% | 30.2% | — | — | 1.6% | — | — | — |
| FCF Yield | 2.0% | 38.7% | 52.7% | 46.2% | 9.1% | 11.9% | — | — | — |
| Buyback Yield | 1.2% | 23.5% | 26.4% | 7.9% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 3.2% | 36.5% | 33.7% | 8.3% | 0.3% | 0.1% | — | — | — |
| Shares Outstanding | — | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.1B | $1.2B | $1.1B |
Peer Comparison
Compare BEKE 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 |
|---|---|---|---|---|---|---|---|---|---|
 BEKEYou | $61B | 35.8 | 88.7 | 49.1 | 24.6% | 4.0% | 5.7% | 3.7% | 4.7 |
 COMP | $4B | -72.6 | 52.0 | 20.1 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 EXPI | $1B | -44.9 | — | 9.3 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 HOUS | $2B | -15.3 | 18.8 | 76.1 | 34.7% | 1.1% | -7.9% | 1.0% | 11.7 |
 RMR | $293M | 18.9 | 8.1 | 4.1 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 ZG | $11B | 487.6 | — | 44.9 | 74.1% | -1.3% | 0.5% | -0.6% | — |
 OPEN | $5B | -3.1 | — | 4.8 | 8.0% | -6.6% | -151.3% | -16.6% | — |
 OPAD | $20M | -0.4 | — | 0.3 | 7.4% | -5.9% | -108.0% | -18.6% | — |
 DOUG | $176M | 11.7 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 FTHM | $28M | -0.8 | — | — | 8.4% | -7.0% | -43.2% | -28.9% | — |
 UWMC | $724M | 28.5 | 0.1 | — | 85.6% | 58.0% | 1.1% | 15.4% | — |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonBEKE — Frequently Asked Questions
Quick answers to the most common questions about buying BEKE stock.
What is KE Holdings Inc.'s P/E ratio?
KE Holdings Inc.'s current P/E ratio is 35.8x. The historical average is 24.3x. This places it at the 67th percentile of its historical range.
What is KE Holdings Inc.'s EV/EBITDA?
KE Holdings Inc.'s current EV/EBITDA is 88.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
What is KE Holdings Inc.'s ROE?
KE Holdings Inc.'s return on equity (ROE) is 5.7%. The historical average is -0.1%.
Is BEKE stock overvalued?
Based on historical data, KE Holdings Inc. is trading at a P/E of 35.8x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is KE Holdings Inc.'s dividend yield?
KE Holdings Inc.'s current dividend yield is 1.94% with a payout ratio of 69.6%.
What are KE Holdings Inc.'s profit margins?
KE Holdings Inc. has 24.6% gross margin and 4.0% operating margin.
How much debt does KE Holdings Inc. have?
KE Holdings Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.