The9 Limited (NCTY) P/E Ratio History
Historical price-to-earnings valuation from 2006 to 2021
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NCTY Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, The9 Limited (NCTY) trades at a price-to-earnings ratio of -0.8x, with a stock price of $5.66 and trailing twelve-month earnings per share of $-44.75.
The current P/E is 263% below its 5-year average of 0.5x. Over the past five years, NCTY's P/E has ranged from a low of 0.1x to a high of 1.9x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, NCTY trades at a 103% discount to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, NCTY trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NCTY DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NCTY P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $421M | 9.0Lowest | 5.17 | -19% | |
| $74B | 15.6 | 0.67 | +11% | |
| $307M | 12.3 | - | -40% | |
| $5.1T | 43.2 | 0.45Best | +67% | |
| $666B | 154.1 | 29.84 | +165%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NCTY Historical P/E Data (2006–2021)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $67.00 | $743.40 | 0.1x | -81% |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $142.60 | $548.70 | 0.3x | -44% |
| FY2020 Q4 | $35.40 | $479.10 | 0.1x | -84% | |
| FY2010 Q2 | Wed Jun 30 2010 00:00:00 GM | $1194.00 | $3262.09 | 0.4x | -21% |
| FY2009 Q4 | $2166.00 | $13065.19 | 0.2x | -64% | |
| FY2008 Q4 | Wed Dec 31 2008 00:00:00 GM | $3996.00 | $12316.69 | 0.3x | -30% |
| FY2007 Q4 | Mon Dec 31 2007 00:00:00 GM | $6396.00 | $12531.49 | 0.5x | +10% |
| FY2006 Q4 | Sun Dec 31 2006 00:00:00 GM | $9666.00 | $5063.70 | 1.9x | +313% |
Average P/E for displayed period: 0.5x
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonNCTY — Frequently Asked Questions
Quick answers to the most common questions about buying NCTY stock.
Is NCTY stock overvalued or undervalued?
NCTY trades at -0.8x P/E, below its 5-year average of 0.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does NCTY's valuation compare to peers?
The9 Limited P/E of -0.8x compares to sector median of 27.7x. The discount suggests lower growth expectations or higher risk.
What is NCTY's PEG ratio?
NCTY PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2006-2021.