JOYY, Inc. Sponsored ADR Class A (JOYY) Financial Ratios
16 years of historical data (2010–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↓
18.78
+2% vs avg
5yr avg: 18.48
30Y Low8.8·High96.1
P/FCF
↓
21.39
↓-45% vs avg
5yr avg: 38.89
30Y Low6.5·High138.9
P/B Ratio
↓
0.53
+1% vs avg
5yr avg: 0.53
30Y Low0.4·High9.5
ROE
↑
36.9%
↓+355% vs avg
5yr avg: 8.1%
30Y Low-3%·High37%
Debt/EBITDA
↓
0.20
↓-95% vs avg
5yr avg: 4.10
30Y Low0.2·High13.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JOYY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JOYY, Inc. Sponsored ADR Class A trades at 15.6x earnings, 8% above its 5-year average of 14.5x, sitting at the 50th percentile of its historical range. This is roughly in line with the Communication Services sector median P/E of 15.3x. On a free-cash-flow basis, the stock trades at 21.4x P/FCF, 45% below the 5-year average of 38.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $3.4B | $2.4B | $2.9B | $2.3B | $3.5B | $6.4B | $4.1B | $3.9B | $6.9B | $2.4B |
| Enterprise Value | $3.0B | $3.1B | $2.0B | $2.3B | $2.0B | $2.7B | $5.6B | $4.4B | $3.0B | $6.6B | $2.6B |
| P/E Ratio → | 15.65 | 15.42 | — | 8.27 | 19.74 | — | 4.70 | 8.25 | 11.97 | 17.67 | 10.37 |
| P/S Ratio | 1.60 | 1.62 | 1.08 | 1.28 | 0.96 | 1.35 | 21.78 | 31.20 | 210.27 | 25.51 | 14.10 |
| P/B Ratio | 0.53 | 0.52 | 0.51 | 0.55 | 0.42 | 0.63 | 1.01 | 0.73 | 1.22 | 4.00 | 3.29 |
| P/FCF | 21.39 | 21.70 | 10.81 | 13.60 | 9.41 | 138.93 | 17.66 | 8.17 | 6.54 | 13.59 | 7.60 |
| P/OCF | 11.25 | 11.41 | 7.85 | 9.82 | 7.35 | 16.86 | 12.21 | 6.23 | 5.97 | 12.08 | 6.87 |
P/E links to full P/E history page with 30-year chart
JOYY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
JOYY, Inc. Sponsored ADR Class A's enterprise value stands at 18.8x EBITDA, roughly in line with its 5-year average of 18.5x. The Communication Services sector median is 9.6x, placing the stock at a 95% 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 | — | 1.45 | 0.90 | 1.03 | 0.84 | 1.01 | 18.96 | 33.33 | 162.93 | 24.36 | 15.11 |
| EV / EBITDA | 18.78 | 19.09 | 13.37 | 13.90 | 8.82 | 37.20 | — | — | — | 96.13 | 60.58 |
| EV / EBIT | 54.39 | 14.24 | — | 7.80 | 3.12 | — | 407.70 | — | 235.66 | 96.63 | 66.46 |
| EV / FCF | — | 19.41 | 8.96 | 10.90 | 8.17 | 103.83 | 15.38 | 8.73 | 5.07 | 12.98 | 8.15 |
JOYY Profitability
Margins and return-on-capital ratios measuring operating efficiency
JOYY, Inc. Sponsored ADR Class A earns an operating margin of 2.6%, roughly in line with the Communication Services sector average. Operating margins have expanded from 1.5% to 2.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 36.9% is exceptionally high. ROIC of 0.8% 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.9% | 35.9% | 36.0% | 35.8% | 35.3% | 32.0% | 28.2% | 27.1% | 12.5% | 39.4% | 37.8% |
| Operating Margin | 2.6% | 2.6% | 2.1% | 1.5% | 2.7% | -4.3% | -21.2% | -57.2% | -151.3% | 23.3% | 21.6% |
| Net Profit Margin | 98.8% | 98.8% | -6.5% | 13.3% | 5.3% | -3.1% | 71.6% | 56.6% | 266.3% | 21.7% | 18.6% |
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 | 36.9% | 36.9% | -2.9% | 5.6% | 2.3% | -1.3% | 3.5% | 1.7% | 2.0% | 4.8% | 5.1% |
| ROA | 27.8% | 27.8% | -1.8% | 3.4% | 1.4% | -0.9% | 2.7% | 1.3% | 1.6% | 3.2% | 2.5% |
| ROIC | 0.8% | 0.8% | 0.8% | 0.5% | 1.0% | -1.6% | -0.8% | -1.4% | -1.1% | 4.1% | 3.3% |
| ROCE | 1.0% | 1.0% | 0.9% | 0.6% | 1.0% | -1.6% | -0.9% | -1.6% | -1.1% | 5.1% | 4.5% |
JOYY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
JOYY, Inc. Sponsored ADR Class A carries a Debt/EBITDA ratio of 0.2x, which is very conservative (95% below the sector average of 3.6x). The company holds a net cash position — cash of $396M exceeds total debt of $32M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 418.7x 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 | 0.00 | 0.00 | 0.01 | 0.09 | 0.16 | 0.17 | 0.15 | 0.15 | 0.00 | 0.05 | 0.55 |
| Debt / EBITDA | 0.20 | 0.20 | 0.21 | 2.92 | 3.96 | 13.20 | — | — | — | 1.33 | 9.40 |
| Net Debt / Equity | — | -0.06 | -0.09 | -0.11 | -0.06 | -0.16 | -0.13 | 0.05 | -0.28 | -0.18 | 0.23 |
| Net Debt / EBITDA | -2.25 | -2.25 | -2.75 | -3.44 | -1.34 | -12.57 | — | — | — | -4.53 | 4.04 |
| Debt / FCF | — | -2.29 | -1.85 | -2.69 | -1.24 | -35.10 | -2.28 | 0.56 | -1.47 | -0.61 | 0.54 |
| Interest Coverage | 418.73 | 418.73 | -45.94 | 28.64 | 50.69 | -4.36 | 0.18 | -0.22 | 10.17 | 13.81 | 3.31 |
Net cash position: cash ($396M) exceeds total debt ($32M)
JOYY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.85x means JOYY, Inc. Sponsored ADR Class A can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.32x to 1.85x 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 | 1.85 | 1.85 | 0.96 | 1.32 | 1.51 | 2.02 | 4.13 | 3.77 | 4.28 | 3.22 | 1.27 |
| Quick Ratio | 1.85 | 1.85 | 0.96 | 1.32 | 1.40 | 1.90 | 4.03 | 3.68 | 4.22 | 3.22 | 1.27 |
| Cash Ratio | 1.38 | 1.38 | 0.68 | 1.07 | 1.28 | 1.75 | 3.77 | 3.44 | 3.71 | 2.78 | 1.14 |
| Asset Turnover | — | 0.28 | 0.30 | 0.27 | 0.27 | 0.29 | 0.04 | 0.02 | 0.00 | 0.12 | 0.12 |
| Inventory Turnover | — | — | — | 677.93 | 4.44 | 5.99 | 2.16 | 1.01 | 0.51 | 3386.10 | 324.03 |
| Days Sales Outstanding | — | 26.55 | 19.95 | 47.30 | 34.87 | 38.16 | 264.39 | 472.36 | 3932.39 | 52.13 | 128.96 |
JOYY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JOYY, Inc. Sponsored ADR Class A returns 8.3% to shareholders annually — split between a 4.4% dividend yield and 3.9% buyback yield. The payout ratio of 7.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.4% (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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.4% | 4.5% | — | 2.9% | 6.3% | 4.5% | 1.0% | — | — | — | — |
| Payout Ratio | 7.4% | 7.4% | — | 27.9% | 113.2% | — | 30.7% | — | — | — | — |
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 | 6.4% | 6.5% | — | 12.1% | 5.1% | — | 21.3% | 12.1% | 8.4% | 5.7% | 9.6% |
| FCF Yield | 4.7% | 4.6% | 9.3% | 7.4% | 10.6% | 0.7% | 5.7% | 12.2% | 15.3% | 7.4% | 13.2% |
| Buyback Yield | 3.9% | 3.8% | 10.7% | 9.4% | 5.9% | 11.2% | 1.7% | 0.6% | 0.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.3% | 8.4% | 10.7% | 12.3% | 12.2% | 15.7% | 2.7% | 0.6% | 0.8% | 0.0% | 0.0% |
| Shares Outstanding | — | $53M | $58M | $73M | $74M | $78M | $80M | $77M | $65M | $61M | $61M |
Peer Comparison
Compare JOYY 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 |
|---|---|---|---|---|---|---|---|---|---|
 JOYYYou | $3B | 15.6 | 18.8 | 21.4 | 35.9% | 2.6% | 36.9% | 0.8% | 0.2 |
 MOMO | $874M | 8.0 | 0.4 | 8.8 | 37.8% | 13.1% | 7.1% | 11.5% | 0.1 |
 LIVE | $32M | 2.1 | 6.2 | 1.5 | 32.7% | 3.8% | 27.0% | 4.0% | 5.6 |
 HUYA | $517M | -31.9 | — | — | 13.4% | -2.5% | -1.8% | -2.3% | — |
 DOYU | $142M | -35.1 | -18.6 | — | 12.8% | 0.3% | -0.9% | 0.5% | 0.2 |
 IQ | $984M | -32.9 | 1.4 | 685.8 | 21.1% | 6.0% | -0.2% | 0.7% | 1.2 |
 BILI | $7B | 45.0 | 14.0 | 9.2 | 36.6% | 3.7% | 8.0% | 7.7% | 2.9 |
 TME | $13B | 8.6 | 7.8 | 9.2 | 44.2% | 29.6% | 14.5% | 10.4% | 0.3 |
 WB | $2B | 4.3 | 2.6 | 3.7 | 76.0% | 26.5% | 11.9% | 9.7% | 3.6 |
 QNST | $750M | 161.8 | 21.5 | 9.0 | 10.1% | 0.6% | 2.0% | 2.8% | 0.3 |
 GRND | $2B | 27.2 | 19.9 | 16.9 | 72.4% | 28.7% | 201.6% | 40.8% | 3.0 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 16 years · Updated daily
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JOYY — Frequently Asked Questions
Quick answers to the most common questions about buying JOYY stock.
What is JOYY, Inc. Sponsored ADR Class A's P/E ratio?
JOYY, Inc. Sponsored ADR Class A's current P/E ratio is 15.6x. The historical average is 19.0x. This places it at the 50th percentile of its historical range.
What is JOYY, Inc. Sponsored ADR Class A's EV/EBITDA?
JOYY, Inc. Sponsored ADR Class A's current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.6x.
What is JOYY, Inc. Sponsored ADR Class A's ROE?
JOYY, Inc. Sponsored ADR Class A's return on equity (ROE) is 36.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.9%.
Is JOYY stock overvalued?
Based on historical data, JOYY, Inc. Sponsored ADR Class A is trading at a P/E of 15.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is JOYY, Inc. Sponsored ADR Class A's dividend yield?
JOYY, Inc. Sponsored ADR Class A's current dividend yield is 4.44% with a payout ratio of 7.4%.
What are JOYY, Inc. Sponsored ADR Class A's profit margins?
JOYY, Inc. Sponsored ADR Class A has 35.9% gross margin and 2.6% operating margin.
How much debt does JOYY, Inc. Sponsored ADR Class A have?
JOYY, Inc. Sponsored ADR Class A's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.