Li Auto Inc. (LI) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
↑
N/A
—
5yr avg: N/A
P/FCF
↓
N/A
—
5yr avg: 4.72
30Y Low0.9·High10.6
P/B Ratio
↓
1.27
↑+163% vs avg
5yr avg: 0.48
30Y Low0.2·High0.9
ROE
↑
1.5%
↑-75% vs avg
5yr avg: 6.0%
30Y Low-223%·High22%
Debt/EBITDA
↑
N/A
—
5yr avg: 1.63
30Y Low1.5·High1.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Li Auto Inc. trades at 83.5x earnings, 997% above its 5-year average of 7.6x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 20.8x, the stock trades at a premium of 302%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.9B | $18.1B | $25.5B | $39.6B | $19.8B | $29.7B | $26.1B | — | — |
| Enterprise Value | $7.2B | $-20980018492 | $-24015774365 | $-38192901160 | $-6413081800 | $9.7B | $19.3B | — | — |
| P/E Ratio → | 83.54 | 16.28 | 3.18 | 3.38 | — | — | — | — | — |
| P/S Ratio | 0.80 | 0.17 | 0.18 | 0.32 | 0.43 | 1.12 | 2.92 | — | — |
| P/B Ratio | 1.27 | 0.25 | 0.36 | 0.65 | 0.44 | 0.72 | 0.88 | — | — |
| P/FCF | — | — | 3.11 | 0.90 | 8.79 | 6.08 | 10.59 | — | — |
| P/OCF | — | — | 1.60 | 0.78 | 2.68 | 3.57 | 8.31 | — | — |
P/E links to full P/E history page with 30-year chart
LI 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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.19 | -0.17 | -0.31 | -0.14 | 0.37 | 2.15 | — | — |
| EV / EBITDA | — | — | -2.55 | -4.28 | — | — | — | — | — |
| EV / EBIT | — | — | -2.53 | -3.62 | — | — | — | — | — |
| EV / FCF | — | — | -2.93 | -0.86 | -2.85 | 1.99 | 7.82 | — | — |
LI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Li Auto Inc. earns an operating margin of -0.9%, below the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 5.8% to -0.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.5% is modest, trailing the sector median of 5.3%.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.7% | 18.7% | 20.5% | 22.2% | 19.1% | 20.8% | 15.5% | -34.2% | — |
| Operating Margin | -0.9% | -0.9% | 4.4% | 5.8% | -8.1% | -3.8% | -6.8% | -647.2% | — |
| Net Profit Margin | 1.0% | 1.0% | 5.6% | 9.5% | -4.4% | -1.2% | -1.8% | -857.5% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.5% | 1.5% | 12.2% | 22.1% | -4.7% | -0.9% | -0.9% | -222.6% | — |
| ROA | 0.7% | 0.7% | 5.3% | 10.2% | -2.8% | -0.6% | -0.7% | -31.8% | -27.5% |
| ROIC | -2.6% | -2.6% | 209.3% | 606.7% | -13.9% | -3.4% | -3.2% | -70.9% | — |
| ROCE | -1.1% | -1.1% | 7.8% | 11.0% | -6.8% | -2.5% | -3.3% | -41.4% | -29.1% |
LI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $56.9B exceeds total debt of $17.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.23 | 0.22 | 0.27 | 0.19 | 0.07 | 0.37 | — |
| Debt / EBITDA | — | — | 1.74 | 1.52 | — | — | — | — | — |
| Net Debt / Equity | — | -0.53 | -0.69 | -1.28 | -0.58 | -0.49 | -0.23 | 0.09 | — |
| Net Debt / EBITDA | — | — | -5.26 | -8.72 | — | — | — | — | — |
| Debt / FCF | — | — | -6.04 | -1.76 | -11.64 | -4.09 | -2.77 | — | — |
| Interest Coverage | -5.92 | -5.92 | 50.62 | 122.18 | -19.31 | -1.42 | -1.78 | -25.95 | -16.80 |
Net cash position: cash ($56.9B) exceeds total debt ($17.8B)
LI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.81x means Li Auto Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.57x to 1.81x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.81 | 1.81 | 1.82 | 1.57 | 2.45 | 4.33 | 7.28 | 1.08 | 1.31 |
| Quick Ratio | 1.68 | 1.68 | 1.71 | 1.48 | 2.20 | 4.19 | 7.04 | 0.97 | 1.31 |
| Cash Ratio | 1.59 | 1.59 | 1.63 | 1.42 | 2.06 | 3.92 | 6.65 | 0.76 | 0.53 |
| Asset Turnover | — | 0.71 | 0.89 | 0.86 | 0.53 | 0.43 | 0.25 | 0.03 | — |
| Inventory Turnover | 10.14 | 10.14 | 14.03 | 14.02 | 5.48 | 13.05 | 7.21 | 0.73 | 578.70 |
| Days Sales Outstanding | — | 0.40 | 0.34 | 0.42 | 0.38 | 1.65 | 4.72 | 10.69 | — |
LI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Li Auto Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.2% (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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 6.1% | 31.4% | 29.5% | — | — | — | — | — |
| FCF Yield | — | — | 32.1% | 111.6% | 11.4% | 16.5% | 9.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $1.1B | $1.1B | $1.1B | $971M | $927M | $905M | $905M | $905M |
Peer Comparison
Compare LI 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 |
|---|---|---|---|---|---|---|---|---|---|
 LIYou | $13B | 83.5 | — | — | 18.7% | -0.9% | 1.5% | -2.6% | — |
 NIO | $12B | -5.2 | — | — | 13.6% | -16.9% | -111.1% | -52.7% | — |
 XPEV | $13B | -38.0 | — | 17.5 | 18.9% | -5.8% | -3.6% | -8.9% | — |
 ZK | $7B | -1.0 | — | 4.6 | 16.4% | -8.5% | — | — | — |
 TSLA | $1.5T | 375.0 | 143.9 | 244.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 RIVN | $19B | -4.9 | — | — | 2.7% | -66.5% | -65.4% | -36.7% | — |
 LCID | $2B | -0.4 | — | — | -92.8% | -258.7% | -117.6% | -98.7% | — |
 PSNY | $1B | -0.8 | — | — | -35.4% | -65.0% | — | -262.7% | — |
 QS | $5B | -10.0 | — | — | — | — | -37.4% | -33.4% | — |
 APTV | $13B | 84.8 | 9.1 | 8.8 | 19.1% | 5.8% | 1.8% | 5.5% | 3.7 |
 MBLY | $7B | -17.4 | 64.4 | 13.0 | 47.7% | -23.2% | -3.3% | -3.2% | — |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
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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LI — Frequently Asked Questions
Quick answers to the most common questions about buying LI stock.
What is Li Auto Inc.'s P/E ratio?
Li Auto Inc.'s current P/E ratio is 83.5x. The historical average is 7.6x. This places it at the 100th percentile of its historical range.
What is Li Auto Inc.'s ROE?
Li Auto Inc.'s return on equity (ROE) is 1.5%. The historical average is -27.6%.
Is LI stock overvalued?
Based on historical data, Li Auto Inc. is trading at a P/E of 83.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Li Auto Inc.'s profit margins?
Li Auto Inc. has 18.7% gross margin and -0.9% operating margin.