JinkoSolar Holding Co., Ltd. (JKS) Financial Ratios
19 years of historical data (2007–2025) · Energy · Solar
EV/EBITDA
↓
N/A
—
5yr avg: 7.54
30Y Low1.5·High12.1
P/FCF
N/A
—
5yr avg: 0.04
30Y Low0.0·High0.1
P/B Ratio
↓
0.06
↑+218% vs avg
5yr avg: 0.02
30Y Low0.0·High0.1
ROE
↓
-14.0%
↑-1295% vs avg
5yr avg: 1.2%
30Y Low-72%·High76%
Debt/EBITDA
↓
N/A
—
5yr avg: 10.62
30Y Low0.4·High15.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JKS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JinkoSolar Holding Co., Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $254M | $336M | $327M | $522M | $512M | $591M | $692M | $238M | $96M | $198M | $131M |
| Enterprise Value | $4.7B | $30.5B | $23.1B | $41.3B | $38.0B | $29.6B | $20.8B | $14.6B | $12.8B | $11.4B | $8.8B |
| P/E Ratio → | -0.40 | — | — | 0.15 | 0.82 | 1.43 | 3.00 | 0.29 | 0.24 | 1.39 | 0.07 |
| P/S Ratio | 0.03 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 |
| P/B Ratio | 0.06 | 0.01 | 0.01 | 0.02 | 0.02 | 0.04 | 0.05 | 0.02 | 0.01 | 0.03 | 0.02 |
| P/FCF | — | — | 0.04 | — | — | — | — | — | — | — | — |
| P/OCF | 1.59 | 0.31 | 0.02 | 0.04 | — | 1.37 | 1.17 | 0.17 | 0.16 | — | — |
P/E links to full P/E history page with 30-year chart
JKS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.48 | 0.25 | 0.35 | 0.46 | 0.72 | 0.59 | 0.49 | 0.51 | 0.43 | 0.41 |
| EV / EBITDA | — | — | 5.17 | 2.89 | 11.93 | 10.18 | 6.57 | 5.39 | 8.73 | 12.08 | 4.13 |
| EV / EBIT | — | — | 16.48 | 4.76 | 12.45 | 15.33 | 16.77 | 8.05 | 16.26 | 25.12 | 5.36 |
| EV / FCF | — | — | 3.09 | — | — | — | — | — | — | — | — |
JKS Profitability
Margins and return-on-capital ratios measuring operating efficiency
JinkoSolar Holding Co., Ltd. earns an operating margin of -11.1%, below the Energy sector average of 13.8%. Operating margins have compressed from 5.1% to -11.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -14.0% indicates the company is currently destroying shareholder equity.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.2% | 2.2% | 10.9% | 16.0% | 14.8% | 16.3% | 17.6% | 18.3% | 14.0% | 11.3% | 18.1% |
| Operating Margin | -11.1% | -11.1% | -3.6% | 5.1% | 0.5% | 2.7% | 5.1% | 5.8% | 2.6% | 1.2% | 6.3% |
| Net Profit Margin | -6.8% | -6.8% | 0.1% | 2.9% | 0.7% | 1.8% | 0.7% | 3.0% | 1.6% | 0.5% | 8.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -14.0% | -14.0% | 0.2% | 11.4% | 3.0% | 5.3% | 1.8% | 8.6% | 5.4% | 2.2% | 33.8% |
| ROA | -3.5% | -3.5% | 0.0% | 2.8% | 0.7% | 1.1% | 0.5% | 2.1% | 1.3% | 0.5% | 6.9% |
| ROIC | -9.2% | -9.2% | -3.8% | 6.6% | 0.6% | 2.2% | 4.5% | 5.4% | 2.5% | 1.5% | 8.0% |
| ROCE | -10.3% | -10.3% | -5.3% | 12.4% | 1.2% | 4.5% | 9.3% | 12.2% | 6.3% | 4.0% | 16.6% |
JKS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $30.2B ($53.2B total debt minus $23.0B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.93 | 1.93 | 1.40 | 1.69 | 1.77 | 2.61 | 2.13 | 1.61 | 1.87 | 1.96 | 1.73 |
| Debt / EBITDA | — | — | 10.70 | 3.98 | 14.98 | 12.84 | 8.72 | 7.39 | 10.79 | 13.92 | 5.24 |
| Net Debt / Equity | — | 1.09 | 0.67 | 1.21 | 1.39 | 2.03 | 1.55 | 1.15 | 1.50 | 1.67 | 1.35 |
| Net Debt / EBITDA | — | — | 5.10 | 2.85 | 11.77 | 9.97 | 6.36 | 5.30 | 8.67 | 11.87 | 4.07 |
| Debt / FCF | — | — | 3.05 | — | — | — | — | — | — | — | — |
| Interest Coverage | -5.33 | -5.33 | 1.21 | 7.40 | 2.78 | 2.33 | 1.94 | 3.23 | 1.99 | 1.89 | 4.39 |
JKS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.25x means JinkoSolar Holding Co., Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.02x to 1.25x 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 | 1.25 | 1.25 | 1.26 | 1.02 | 1.05 | 1.00 | 1.08 | 1.01 | 0.95 | 0.98 | 1.07 |
| Quick Ratio | 0.96 | 0.96 | 1.03 | 0.80 | 0.78 | 0.71 | 0.81 | 0.83 | 0.71 | 0.77 | 0.83 |
| Cash Ratio | 0.55 | 0.55 | 0.48 | 0.21 | 0.16 | 0.19 | 0.26 | 0.18 | 0.13 | 0.10 | 0.14 |
| Asset Turnover | — | 0.53 | 0.74 | 0.87 | 0.77 | 0.56 | 0.66 | 0.62 | 0.70 | 0.92 | 0.82 |
| Inventory Turnover | 3.94 | 3.94 | 6.57 | 5.47 | 4.06 | 2.58 | 3.46 | 4.18 | 3.75 | 5.49 | 3.92 |
| Days Sales Outstanding | — | 99.31 | 83.13 | 90.74 | 105.11 | 100.15 | 86.35 | 102.49 | 124.22 | 116.16 | 141.12 |
JKS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JinkoSolar Holding Co., Ltd. returns 28.7% to shareholders annually — split between a 28.4% dividend yield and 0.2% buyback yield.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 28.4% | 100.0% | 100.0% | 100.0% | — | 100.0% | 100.0% | — | — | — | — |
| Payout Ratio | — | — | 1004.2% | 16.2% | — | 3219.4% | 6770.4% | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 659.7% | 121.3% | 70.0% | 33.3% | 345.0% | 425.5% | 71.9% | 1402.5% |
| FCF Yield | — | — | 2289.4% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 1.2% | 100.0% | 15.2% | 0.0% | 0.0% | 4.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 28.7% | 100.0% | 100.0% | 100.0% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $13M | $13M | $14M | $13M | $13M | $11M | $11M | $10M | $8M | $9M |
Peer Comparison
Compare JKS 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 |
|---|---|---|---|---|---|---|---|---|---|
 JKSYou | $254M | -0.4 | — | — | 2.2% | -11.1% | -14.0% | -9.2% | — |
 CSIQ | $1B | -10.5 | 11.5 | — | 18.3% | 0.8% | -2.5% | 0.4% | 12.8 |
 DQ | $960M | -5.6 | — | — | -20.7% | -40.6% | -2.9% | -4.1% | — |
 MAXN | $6M | -0.0 | — | — | -49.0% | -113.3% | — | -351.1% | — |
 ARRY | $1B | -11.0 | 13.3 | 15.4 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 FSLR | $28B | 18.1 | 11.5 | 23.3 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 SPWR | $128M | -11.7 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 RUN | $3B | 7.9 | 24.3 | — | 26.8% | -4.3% | 9.8% | -0.5% | 21.4 |
 SEDG | $4B | -8.4 | — | 43.7 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 ENPH | $7B | 40.5 | 31.2 | 71.8 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 GTLS | $10B | 630.3 | 14.4 | 49.1 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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JKS — Frequently Asked Questions
Quick answers to the most common questions about buying JKS stock.
What is JinkoSolar Holding Co., Ltd.'s P/E ratio?
JinkoSolar Holding Co., Ltd.'s current P/E ratio is -0.4x. The historical average is 0.8x.
What is JinkoSolar Holding Co., Ltd.'s ROE?
JinkoSolar Holding Co., Ltd.'s return on equity (ROE) is -14.0%. The historical average is 12.7%.
Is JKS stock overvalued?
Based on historical data, JinkoSolar Holding Co., Ltd. is trading at a P/E of -0.4x. Compare with industry peers and growth rates for a complete picture.
What is JinkoSolar Holding Co., Ltd.'s dividend yield?
JinkoSolar Holding Co., Ltd.'s current dividend yield is 28.43%.
What are JinkoSolar Holding Co., Ltd.'s profit margins?
JinkoSolar Holding Co., Ltd. has 2.2% gross margin and -11.1% operating margin.