PDD Holdings Inc. (PDD) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2025
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PDD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, PDD Holdings Inc. (PDD) trades at a price-to-earnings ratio of 8.7x, with a stock price of $96.75 and trailing twelve-month earnings per share of $68.71.
The current P/E is 170% above its 5-year average of 3.2x. Over the past five years, PDD's P/E has ranged from a low of 1.3x to a high of 11.3x, placing the current valuation at the 94th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.3x, PDD trades at a 55% discount to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 188.7x.
Relative to the broader market, PDD 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 PDD 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.
PDD P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $319B | 16.8 | - | +71% | |
| $46B | 7.5 | 0.28 | +77% | |
| $8B | 6.7Lowest | 0.34 | -0% | |
| $51B | 115.7 | - | +192%Best | |
| $92B | 46.1 | - | +5% | |
| $38B | 188.7 | - | +30% | |
| $2.9T | 38.1 | 1.36 | +30% | |
| $48B | 24.3 | - | +10% | |
| $6B | 45.3 | - | -41% | |
| $44B | 13.1 | 0.22Best | +20% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PDD Historical P/E Data (2021–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $132.17 | $68.96 | 1.9x | -40% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $104.66 | $66.16 | 1.6x | -51% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $118.35 | $67.00 | 1.8x | -45% |
| FY2024 Q4 | $96.99 | $76.00 | 1.3x | -60% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $134.81 | $73.32 | 1.8x | -43% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $132.95 | $67.00 | 2.0x | -38% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $116.25 | $54.40 | 2.1x | -34% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $146.31 | $41.00 | 3.6x | +11% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $98.07 | $31.68 | 3.1x | -4% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $69.14 | $28.40 | 2.4x | -24% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $75.90 | $25.64 | 3.0x | -8% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $81.55 | $21.92 | 3.7x | +16% |
Average P/E for displayed period: 3.2x
Full PDD Stock Analysis
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Start ComparisonPDD — Frequently Asked Questions
Quick answers to the most common questions about buying PDD stock.
Is PDD stock overvalued or undervalued?
PDD trades at 8.7x P/E, above its 5-year average of 3.2x. The 94th percentile ranking indicates a premium to historical valuation.
How does PDD's valuation compare to peers?
PDD Holdings Inc. P/E of 8.7x compares to sector median of 19.3x. The discount suggests lower growth expectations or higher risk.
What is PDD's PEG ratio?
PDD PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2021-2025.