Last 24 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
MINISO Group Holding Limited's quarterly P/E stands at 2.8x, up 12.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 373.8% YoY to 2.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.76 | 2.85 | 3.50 | 2.30 | 2.15 | 2.54 | 2.73 | 2.50 | 3.30 | 2.47 | 3.39 | 4.19 | 4.43 |
| — | +12.3% | +28.5% | -8.1% | -34.9% | +2.7% | -19.5% | -40.4% | -25.4% | -14.4% | -44.4% | -2.7% | -44.2% | |
| P/S Ratio | 1.76 | 0.28 | 0.33 | 0.40 | 0.30 | 0.37 | 0.43 | 0.41 | 0.53 | 0.41 | 0.50 | 0.36 | 0.18 |
| — | -23.1% | -23.7% | -4.4% | -43.2% | -9.8% | -15.2% | +13.5% | +192.0% | +60.6% | +100.2% | +26.9% | -59.8% | |
| P/B Ratio | 2.97 | 0.52 | 0.54 | 0.72 | 0.57 | 0.61 | 0.70 | 0.69 | 0.94 | 0.60 | 0.67 | 0.43 | 0.23 |
| — | -15.6% | -22.7% | +4.1% | -39.0% | +2.6% | +3.6% | +59.8% | +311.6% | +77.5% | +94.3% | -8.6% | -69.1% | |
| P/FCF | 21.28 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 7.88 | 2.53 | 2.76 | 1.27 | 1.67 | 0.53 | 0.26 | 0.36 | 0.88 | -0.09 | -0.06 | -1.35 | -4.81 |
| — | +373.8% | +970.9% | +249.1% | +90.1% | +667.4% | +560.1% | +126.9% | +118.2% | +95.3% | +98.5% | -46.4% | -1020.5% | |
| EV / EBIT | 8.05 | 18.42 | 2.87 | 1.30 | 1.67 | 0.58 | 0.31 | 0.36 | 0.88 | -0.10 | -0.06 | -1.49 | -5.25 |
| — | +3051.4% | +830.6% | +259.5% | +90.1% | +672.6% | +650.3% | +124.4% | +116.7% | +96.7% | +98.6% | -30.8% | -1058.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
MINISO Group Holding Limited's operating margin was 16.8% in Q2 2025, up 0.8 pp QoQ and down 1.8 pp YoY. The trailing four-quarter average of 18.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.9% | 44.3% | 44.2% | 47.0% | 44.9% | 43.9% | 43.4% | 43.1% | 41.8% | 39.8% | 35.7% | 33.3% | 30.2% |
| — | +0.8% | +1.9% | +9.0% | +7.4% | +10.3% | +21.7% | +29.5% | +38.4% | +19.6% | +18.2% | +7.0% | +10.0% | |
| Operating Margin | 19.5% | 16.8% | 16.0% | 20.5% | 18.9% | 18.6% | 20.0% | 19.9% | 20.8% | 21.2% | 18.4% | 8.2% | 6.1% |
| — | -9.6% | -19.7% | +3.1% | -9.3% | -12.2% | +8.6% | +143.4% | +240.6% | +80.7% | +205.2% | -11.1% | -24.1% | |
| Net Margin | 15.4% | 9.9% | 9.4% | 17.1% | 14.2% | 14.6% | 15.6% | 16.6% | 16.2% | 16.6% | 14.8% | 8.8% | 4.1% |
| — | -32.3% | -39.9% | +3.3% | -12.2% | -12.2% | +5.4% | +88.7% | +291.8% | +87.6% | +260.0% | +31.6% | -28.0% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.8% | 4.5% | 4.0% | 8.1% | 6.7% | 6.2% | 6.4% | 7.1% | 7.0% | 6.3% | 5.1% | 2.7% | 1.3% |
| — | -27.3% | -37.8% | +13.3% | -4.8% | -0.4% | +24.5% | +168.9% | +425.7% | +111.5% | +258.2% | -4.7% | -42.4% | |
| ROA | 16.1% | 1.9% | 1.9% | 4.7% | 4.0% | 3.8% | 4.0% | 4.5% | 4.5% | 4.1% | 3.4% | 1.7% | 0.8% |
| — | -51.7% | -52.6% | +4.1% | -10.9% | -7.4% | +18.2% | +162.8% | +436.7% | +124.5% | +281.0% | +1.1% | -40.8% | |
| ROIC | 44.5% | 4.6% | 5.3% | 8.5% | 8.3% | 12.4% | 14.5% | 15.2% | 17.3% | 17.5% | 13.0% | 4.7% | 4.2% |
| — | -62.8% | -63.6% | -44.0% | -51.8% | -29.3% | +11.6% | +225.1% | +312.4% | +93.9% | +173.1% | -56.1% | -73.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
MINISO Group Holding Limited's Debt/EBITDA ratio is 11.8x, down from 12.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 19.0% YoY to 1.92x, tightening the short-term liquidity position. Debt/Equity has risen for 10 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.95 | 0.86 | 0.30 | 0.22 | 0.20 | 0.14 | 0.14 | 0.12 | 0.10 | 0.08 | 0.09 | 0.09 |
| — | +375.3% | +500.8% | +120.4% | +90.5% | +99.7% | +75.1% | +56.1% | +28.4% | +6.9% | -15.4% | -15.0% | -19.1% | |
| Debt / EBITDA | 0.92 | 11.83 | 12.49 | 3.72 | 2.38 | 2.49 | 1.46 | 1.53 | 1.16 | 1.25 | 1.25 | 3.26 | 4.30 |
| — | +375.3% | +753.9% | +143.7% | +106.2% | +98.6% | +16.6% | -53.1% | -73.1% | -44.4% | -70.6% | +63.3% | +31.5% | |
| Current Ratio | 2.04 | 1.92 | 1.99 | 2.04 | 2.14 | 2.38 | 2.18 | 2.34 | 2.29 | 2.55 | 2.50 | 2.36 | 2.30 |
| — | -19.0% | -9.0% | -13.2% | -6.9% | -6.8% | -12.7% | -0.5% | -0.3% | +19.6% | +18.5% | +15.0% | -5.2% | |
| Quick Ratio | 1.55 | 1.50 | 1.54 | 1.55 | 1.66 | 1.93 | 1.80 | 1.90 | 1.86 | 2.18 | 2.13 | 1.96 | 1.94 |
| — | -22.6% | -14.6% | -18.0% | -10.7% | -11.2% | -15.8% | -3.2% | -4.1% | +20.6% | +19.1% | +15.7% | -2.6% | |
| Interest Coverage | 256.83 | 7.72 | 8.26 | 198.39 | 49.49 | 30.44 | 46.72 | 55.78 | 68.66 | 71.65 | 70.92 | 20.71 | 19.89 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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MINISO Group Holding Limited's current P/E is 11.8x. The average P/E over the last 4 quarters is 2.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
MINISO Group Holding Limited's current operating margin is 19.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking MINISO Group Holding Limited's business trajectory between earnings reports.