JOYY, Inc. Sponsored ADR Class A (JOYY) Financial Ratios
15 years of historical data (2010–2024) · Communication Services · Internet Content & Information
EV/EBITDA
↓
N/A
—
5yr avg: 25.72
30Y Low7.2·High52.1
P/FCF
↓
14.14
↓-63% vs avg
5yr avg: 38.08
30Y Low6.5·High138.9
P/B Ratio
↓
0.72
+15% vs avg
5yr avg: 0.63
30Y Low0.4·High9.5
ROE
↓
-2.9%
↑-155% vs avg
5yr avg: 5.3%
30Y Low-13%·High42%
Debt/EBITDA
↓
N/A
—
5yr avg: 8.70
30Y Low0.0·High18.5
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 currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 14.1x P/FCF, 63% below the 5-year average of 38.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $2.4B | $2.9B | $2.3B | $3.5B | $6.4B | $4.1B | $3.9B | $6.9B | $2.4B | $3.6B |
| Enterprise Value | $2.8B | $2.0B | $2.3B | $2.0B | $2.7B | $5.6B | $4.4B | $3.0B | $6.6B | $2.6B | $3.9B |
| P/E Ratio → | -22.69 | — | 8.27 | 19.74 | — | 4.70 | 8.25 | 11.97 | 17.67 | 10.37 | 22.31 |
| P/S Ratio | 1.42 | 1.08 | 1.28 | 0.96 | 1.35 | 3.34 | 1.12 | 1.69 | 3.87 | 2.03 | 3.96 |
| P/B Ratio | 0.72 | 0.51 | 0.55 | 0.42 | 0.63 | 1.01 | 0.73 | 1.22 | 4.00 | 3.29 | 7.05 |
| P/FCF | 14.14 | 10.81 | 13.60 | 9.41 | 138.93 | 17.66 | 8.17 | 6.54 | 13.59 | 7.60 | 15.03 |
| P/OCF | 10.27 | 7.85 | 9.82 | 7.35 | 16.86 | 12.21 | 6.23 | 5.97 | 12.08 | 6.87 | 12.80 |
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
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.90 | 1.03 | 0.84 | 1.01 | 2.90 | 1.19 | 1.31 | 3.70 | 2.17 | 4.24 |
| EV / EBITDA | — | — | 15.24 | 9.85 | 52.09 | — | 17.73 | 7.22 | 14.59 | 8.72 | 18.54 |
| EV / EBIT | — | 42.15 | 7.80 | 3.12 | — | 62.46 | — | 35.99 | 14.67 | 9.56 | 19.85 |
| EV / FCF | — | 8.96 | 10.90 | 8.17 | 103.83 | 15.38 | 8.73 | 5.07 | 12.98 | 8.15 | 16.10 |
JOYY Profitability
Margins and return-on-capital ratios measuring operating efficiency
JOYY, Inc. Sponsored ADR Class A earns an operating margin of -18.1%. Operating margins have compressed from 2.1% to -18.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.9% indicates the company is currently destroying shareholder equity.
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 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.0% | 36.0% | 35.8% | 35.3% | 32.0% | 29.7% | 33.0% | 36.5% | 39.4% | 37.8% | 39.3% |
| Operating Margin | -18.1% | -18.1% | 1.3% | 2.1% | -5.0% | -21.6% | 2.1% | 16.7% | 23.3% | 21.6% | 19.7% |
| Net Profit Margin | -6.5% | -6.5% | 13.3% | 5.3% | -3.9% | 71.6% | 13.5% | 14.0% | 21.5% | 18.6% | 17.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.9% | -2.9% | 5.6% | 2.3% | -1.7% | 23.1% | 11.3% | 13.1% | 31.2% | 35.4% | 31.6% |
| ROA | -1.8% | -1.8% | 3.4% | 1.4% | -1.2% | 17.7% | 8.8% | 10.8% | 21.1% | 17.3% | 14.2% |
| ROIC | -6.7% | -6.7% | 0.4% | 0.8% | -1.9% | -5.5% | 1.4% | 15.5% | 26.8% | 23.0% | 17.0% |
| ROCE | -7.9% | -7.9% | 0.5% | 0.8% | -1.9% | -6.1% | 1.6% | 15.6% | 33.5% | 30.9% | 19.4% |
JOYY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $445M exceeds total debt of $31M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.09 | 0.16 | 0.17 | 0.15 | 0.15 | 0.00 | 0.05 | 0.55 | 0.79 |
| Debt / EBITDA | — | — | 3.20 | 4.43 | 18.48 | — | 3.40 | 0.00 | 0.20 | 1.35 | 1.93 |
| Net Debt / Equity | — | -0.09 | -0.11 | -0.06 | -0.16 | -0.13 | 0.05 | -0.28 | -0.18 | 0.23 | 0.50 |
| Net Debt / EBITDA | — | — | -3.76 | -1.50 | -17.61 | — | 1.13 | -2.10 | -0.69 | 0.58 | 1.24 |
| Debt / FCF | — | -1.85 | -2.69 | -1.24 | -35.10 | -2.28 | 0.56 | -1.47 | -0.61 | 0.54 | 1.07 |
| Interest Coverage | -83.69 | -83.69 | 2.77 | 3.97 | -9.12 | -5.49 | 2.01 | 306.37 | 84.03 | 21.85 | 11.96 |
Net cash position: cash ($445M) exceeds total debt ($31M)
JOYY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.96x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.51x to 0.96x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.96 | 0.96 | 1.32 | 1.51 | 2.02 | 4.13 | 3.77 | 4.28 | 3.22 | 1.27 | 2.62 |
| Quick Ratio | 0.96 | 0.96 | 1.32 | 1.40 | 1.90 | 4.03 | 3.68 | 4.22 | 3.22 | 1.27 | 2.61 |
| Cash Ratio | 0.68 | 0.68 | 1.07 | 1.28 | 1.75 | 3.77 | 3.44 | 3.71 | 2.78 | 1.14 | 2.04 |
| Asset Turnover | — | 0.30 | 0.27 | 0.27 | 0.29 | 0.24 | 0.49 | 0.61 | 0.80 | 0.84 | 0.80 |
| Inventory Turnover | — | — | 677.93 | 4.44 | 5.99 | 14.91 | 26.06 | 46.10 | 22306.30 | 2252.18 | 248.85 |
| Days Sales Outstanding | — | 19.95 | 47.30 | 34.87 | 38.16 | 40.50 | 16.89 | 31.61 | 7.91 | 18.55 | 11.07 |
JOYY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JOYY, Inc. Sponsored ADR Class A returns 8.2% to shareholders annually primarily through share buybacks.
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 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 2.9% | 6.3% | 4.5% | 1.0% | — | — | — | — | — |
| Payout Ratio | — | — | 27.9% | 113.2% | — | 4.7% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 12.1% | 5.1% | — | 21.3% | 12.1% | 8.4% | 5.7% | 9.6% | 4.5% |
| FCF Yield | 7.1% | 9.3% | 7.4% | 10.6% | 0.7% | 5.7% | 12.2% | 15.3% | 7.4% | 13.2% | 6.7% |
| Buyback Yield | 8.2% | 10.7% | 9.4% | 5.9% | 11.2% | 1.7% | 0.6% | 0.8% | 0.0% | 0.0% | 4.5% |
| Total Shareholder Yield | 8.2% | 10.7% | 12.3% | 12.2% | 15.7% | 2.7% | 0.6% | 0.8% | 0.0% | 0.0% | 4.5% |
| Shares Outstanding | — | $58M | $73M | $74M | $78M | $80M | $77M | $65M | $61M | $61M | $58M |
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 | -22.7 | — | 14.1 | 36.0% | -18.1% | -2.9% | -6.7% | — |
 MOMO | $2B | 9.3 | 6.9 | 21.9 | 37.6% | 12.7% | 7.0% | 10.9% | 0.1 |
 LIVE | $40M | 2.7 | 7.8 | 1.9 | 32.7% | 3.3% | 27.0% | 3.5% | 6.8 |
 HUYA | $481M | -103.7 | — | — | 13.3% | -3.1% | -0.5% | -1.7% | — |
 DOYU | $142M | -3.3 | — | — | 7.6% | -13.2% | -5.5% | -15.4% | — |
 IQ | $1B | 10.7 | 10.3 | 4.1 | 24.9% | 6.2% | 6.0% | 5.8% | 7.8 |
 BILI | $7B | -46.3 | 38.6 | 11.7 | 32.7% | -5.0% | -9.4% | -8.4% | 4.4 |
 TME | $7B | 14.9 | 3.9 | 4.8 | 42.3% | 30.7% | 10.5% | 11.6% | 0.6 |
 WB | $1B | 7.3 | 2.4 | 2.3 | 78.9% | 28.2% | 8.5% | 10.3% | 3.4 |
 QNST | $761M | 165.6 | 21.8 | 9.2 | 10.1% | 0.6% | 2.0% | 2.8% | 0.3 |
 GRND | $3B | 28.2 | 21.2 | 18.2 | 72.4% | 28.7% | 201.6% | 40.8% | 3.0 |
| Communication Services Median | — | 15.4 | 9.0 | 11.8 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonJOYY — 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 -22.7x. The historical average is 19.3x.
What is JOYY, Inc. Sponsored ADR Class A's ROE?
JOYY, Inc. Sponsored ADR Class A's return on equity (ROE) is -2.9%. The historical average is 15.5%.
Is JOYY stock overvalued?
Based on historical data, JOYY, Inc. Sponsored ADR Class A is trading at a P/E of -22.7x. Compare with industry peers and growth rates for a complete picture.
What are JOYY, Inc. Sponsored ADR Class A's profit margins?
JOYY, Inc. Sponsored ADR Class A has 36.0% gross margin and -18.1% operating margin.