KE Holdings Inc. (BEKE) Financial Ratios
9 years of historical data (2017–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↓
29.67
↑+471% vs avg
5yr avg: 5.19
30Y Low2.5·High9.6
P/FCF
↓
N/A
—
5yr avg: 4.41
30Y Low1.9·High11.0
P/B Ratio
↓
1.75
↑+507% vs avg
5yr avg: 0.29
30Y Low0.2·High1.1
ROE
↑
4.3%
↓+40% vs avg
5yr avg: 3.1%
30Y Low-9%·High8%
Debt/EBITDA
↑
4.75
+1% vs avg
5yr avg: 4.73
30Y Low2.0·High8.2
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 40.0x earnings, 705% above its 5-year average of 5.0x, sitting at the 75th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 66%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.7B | $18.2B | $21.7B | $19.5B | $16.6B | $23.8B | $71.4B | — | — | — |
| Enterprise Value | $17.1B | $20.8B | $32.9B | $17.9B | $9.4B | $10.9B | $38.4B | — | — | — |
| P/E Ratio → | 40.02 | 6.25 | 5.34 | 3.31 | — | — | 64.10 | — | — | — |
| P/S Ratio | 1.20 | 0.19 | 0.23 | 0.25 | 0.27 | 0.29 | 1.01 | — | — | — |
| P/B Ratio | 1.75 | 0.27 | 0.30 | 0.27 | 0.24 | 0.35 | 1.07 | — | — | — |
| P/FCF | — | — | 2.58 | 1.90 | 2.17 | 10.99 | 8.43 | — | — | — |
| P/OCF | — | — | 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 29.7x EBITDA, 471% above its 5-year average of 5.2x. The Real Estate sector median is 17.0x, placing the stock at a 75% 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.22 | 0.35 | 0.23 | 0.15 | 0.13 | 0.55 | — | — | — |
| EV / EBITDA | 29.67 | 5.34 | 5.82 | 2.53 | 6.32 | 5.96 | 9.57 | — | — | — |
| EV / EBIT | 40.92 | 4.44 | 4.78 | 2.26 | 30.60 | 9.43 | 8.40 | — | — | — |
| 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 3.0%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 7.3% to 3.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.3% is modest. ROIC of 2.8% represents below-average returns on invested capital.
Margins
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4% | 21.4% | 24.6% | 27.9% | 22.7% | 19.6% | 23.9% | 24.5% | 24.0% | 18.7% |
| Operating Margin | 3.0% | 3.0% | 5.0% | 7.3% | -0.0% | 0.6% | 4.0% | -3.9% | -4.3% | -3.0% |
| Net Profit Margin | 3.2% | 3.2% | 4.3% | 7.6% | -2.3% | -0.6% | 3.9% | -4.7% | -1.6% | -2.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | 4.3% | 5.7% | 8.3% | -2.0% | -0.8% | 5.6% | -9.4% | -3.4% | -4.6% |
| ROA | 2.4% | 2.4% | 3.2% | 5.1% | -1.3% | -0.5% | 3.2% | -4.1% | -1.3% | -1.8% |
| ROIC | 2.8% | 2.8% | 4.6% | 6.4% | -0.0% | 0.8% | 7.9% | -8.4% | -7.4% | -4.4% |
| ROCE | 3.7% | 3.7% | 5.8% | 7.2% | -0.0% | 0.6% | 5.2% | -6.2% | -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 4.8x, which is highly leveraged (40% below the sector average of 7.9x). Net debt stands at $2.6B ($18.5B total debt minus $16.0B cash). Interest coverage of 631.5x 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.28 | 0.32 | 0.25 | 0.18 | 0.11 | 0.12 | 0.41 | 0.40 | 0.46 |
| Debt / EBITDA | 4.75 | 4.75 | 4.00 | 2.55 | 8.20 | 4.12 | 1.99 | — | — | 120.10 |
| Net Debt / Equity | — | 0.04 | 0.16 | -0.02 | -0.10 | -0.19 | -0.49 | -0.36 | -0.21 | 0.04 |
| Net Debt / EBITDA | 0.66 | 0.66 | 1.98 | -0.23 | -4.86 | -7.10 | -8.21 | — | — | 9.43 |
| Debt / FCF | — | — | 1.33 | -0.16 | -0.94 | -5.97 | -3.89 | — | -1.18 | — |
| Interest Coverage | 631.51 | 631.51 | 241.11 | 280.72 | 21.18 | 37.90 | — | -5.29 | -10.46 | -2.15 |
BEKE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.61x means KE Holdings Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.76x to 1.61x 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.61 | 1.61 | 1.45 | 1.76 | 2.11 | 2.42 | 2.60 | 1.87 | 1.33 | 1.50 |
| Quick Ratio | 1.54 | 1.54 | 1.42 | 1.76 | 2.11 | 2.42 | 2.22 | 1.45 | 1.11 | 1.12 |
| Cash Ratio | 1.31 | 1.31 | 1.00 | 1.36 | 1.65 | 1.72 | 1.68 | 0.94 | 0.57 | 0.80 |
| Asset Turnover | — | 0.81 | 0.70 | 0.65 | 0.55 | 0.80 | 0.68 | 0.68 | 0.74 | 0.81 |
| Inventory Turnover | 26.04 | 26.04 | 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 8.1% to shareholders annually — split between a 2.4% dividend yield and 5.7% buyback yield. The payout ratio of 93.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 2.5% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 15.4% | 13.0% | 7.3% | 0.3% | 0.3% | 0.1% | — | — | — |
| Payout Ratio | 93.6% | 93.6% | 69.6% | 24.2% | — | — | 1.4% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 16.0% | 18.7% | 30.2% | — | — | 1.6% | — | — | — |
| FCF Yield | — | — | 38.7% | 52.7% | 46.2% | 9.1% | 11.9% | — | — | — |
| Buyback Yield | 5.7% | 35.1% | 23.5% | 26.4% | 7.9% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 8.1% | 50.5% | 36.5% | 33.7% | 8.3% | 0.3% | 0.1% | — | — | — |
| Shares Outstanding | — | $1.2B | $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 | $17B | 40.0 | 29.7 | — | 21.4% | 3.0% | 4.3% | 2.8% | 4.8 |
 COMP | $6B | -100.1 | 76.0 | 29.9 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 EXPI | $753M | -33.8 | — | 6.9 | 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 | $652M | 19.9 | 14.9 | 9.0 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 ZG | $8B | 359.0 | 29.0 | 33.2 | 74.1% | -1.2% | 0.5% | -0.5% | 2.1 |
 OPEN | $3B | -2.6 | — | 3.3 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 OPAD | $16M | -0.3 | — | 0.2 | 7.4% | -5.9% | -108.0% | -13.4% | — |
 DOUG | $156M | 10.1 | — | — | 16.8% | -5.9% | 8.8% | -25.8% | — |
 FTHM | $35M | -1.5 | — | — | 8.1% | -3.2% | -49.5% | -17.9% | — |
 UWMC | $345M | 18.5 | 7.6 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into BEKE consensus models and risk factors.
View Analysis
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
BEKE — 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 40.0x. The historical average is 19.8x. This places it at the 75th percentile of its historical range.
What is KE Holdings Inc.'s EV/EBITDA?
KE Holdings Inc.'s current EV/EBITDA is 29.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.9x.
What is KE Holdings Inc.'s ROE?
KE Holdings Inc.'s return on equity (ROE) is 4.3%. The historical average is 0.4%.
Is BEKE stock overvalued?
Based on historical data, KE Holdings Inc. is trading at a P/E of 40.0x. This is at the 75th 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 2.40% with a payout ratio of 93.6%.
What are KE Holdings Inc.'s profit margins?
KE Holdings Inc. has 21.4% gross margin and 3.0% operating margin.
How much debt does KE Holdings Inc. have?
KE Holdings Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.