Latest Ratios: P/E Ratio 3.9x · EV/EBITDA 2.2x · ROE 11.9%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.7B | $2.5B | $2.6B | $4.5B | $7.1B | $9.3B | $10.5B | $13.6B | $23.3B | $9.0B |
| Enterprise Value | $1.2B | $2.4B | $2.5B | $2.7B | $4.3B | $7.2B | $9.9B | $10.7B | $13.2B | $23.2B | $8.7B |
| P/E Ratio → | 3.86 | 6.01 | 8.23 | 7.66 | 53.11 | 16.66 | 29.70 | 21.26 | 23.75 | 66.32 | 84.58 |
| P/S Ratio | 0.89 | 1.56 | 1.44 | 1.49 | 2.46 | 3.16 | 5.52 | 5.94 | 7.91 | 20.27 | 13.80 |
| P/B Ratio | 0.44 | 0.68 | 0.71 | 0.75 | 1.33 | 1.93 | 3.23 | 4.60 | 7.78 | 19.51 | 11.95 |
| P/FCF | 3.29 | 5.75 | 4.38 | 4.13 | 12.30 | 11.03 | 13.20 | 17.21 | 29.58 | 44.95 | 40.58 |
| P/OCF | 3.02 | 5.28 | 3.96 | 3.91 | 8.01 | 8.76 | 12.58 | 16.61 | 27.86 | 43.25 | 38.30 |
P/E links to full P/E history page with 30-year chart
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.33 | 1.45 | 1.56 | 2.35 | 3.19 | 5.88 | 6.07 | 7.71 | 20.17 | 13.24 |
| EV / EBITDA | 2.24 | 4.49 | 4.50 | 5.04 | 7.90 | 9.49 | 18.32 | 17.10 | 21.05 | 54.85 | 56.04 |
| EV / EBIT | 2.52 | 3.87 | 4.84 | 4.41 | 21.62 | 11.59 | 22.95 | 16.96 | 19.36 | 55.06 | 61.59 |
| EV / FCF | — | 4.93 | 4.40 | 4.32 | 11.75 | 11.14 | 14.07 | 17.58 | 28.82 | 44.72 | 38.94 |
Margins and return-on-capital ratios measuring operating efficiency
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.0% | 76.0% | 78.9% | 78.7% | 78.2% | 82.1% | 82.1% | 81.4% | 83.8% | 79.9% | 73.9% |
| Operating Margin | 26.5% | 26.5% | 28.2% | 26.9% | 26.2% | 30.9% | 30.0% | 33.8% | 35.5% | 35.4% | 21.5% |
| Net Profit Margin | 25.6% | 25.6% | 17.1% | 19.5% | 4.7% | 19.0% | 18.5% | 28.0% | 33.3% | 30.7% | 16.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.9% | 11.9% | 8.5% | 9.9% | 2.4% | 13.0% | 12.1% | 24.5% | 38.9% | 36.1% | 15.6% |
| ROA | 6.6% | 6.6% | 4.4% | 4.8% | 1.2% | 6.2% | 5.6% | 12.2% | 19.6% | 19.6% | 11.5% |
| ROIC | 9.7% | 9.7% | 10.3% | 10.4% | 10.4% | 14.4% | 12.6% | 22.9% | 37.0% | 41.7% | 27.0% |
| ROCE | 8.1% | 8.1% | 9.0% | 8.3% | 8.5% | 13.0% | 10.8% | 18.0% | 25.8% | 28.7% | 20.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.48 | 0.48 | 0.53 | 0.77 | 0.73 | 0.68 | 0.84 | 0.74 | 0.51 | 0.74 | — |
| Debt / EBITDA | 3.64 | 3.64 | 3.37 | 4.96 | 4.55 | 3.29 | 4.47 | 2.68 | 1.41 | 2.08 | — |
| Net Debt / Equity | — | -0.10 | 0.00 | 0.03 | -0.06 | 0.02 | 0.21 | 0.10 | -0.20 | -0.10 | -0.48 |
| Net Debt / EBITDA | -0.75 | -0.75 | 0.03 | 0.22 | -0.37 | 0.09 | 1.13 | 0.37 | -0.56 | -0.29 | -2.35 |
| Debt / FCF | — | -0.82 | 0.03 | 0.19 | -0.55 | 0.11 | 0.87 | 0.38 | -0.76 | -0.23 | -1.64 |
| Interest Coverage | — | — | 4.99 | 5.19 | 2.79 | 8.76 | 7.55 | 21.15 | 44.46 | 100.41 | — |
Net cash position: cash ($2.3B) exceeds total debt ($1.9B)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.39 | 3.39 | 3.61 | 2.51 | 3.73 | 2.22 | 5.04 | 4.54 | 3.92 | 4.22 | 2.15 |
| Quick Ratio | 3.39 | 3.39 | 3.61 | 2.50 | 3.73 | 2.22 | 5.04 | 4.54 | 3.92 | 4.22 | 2.15 |
| Cash Ratio | 2.28 | 2.28 | 2.43 | 1.79 | 2.60 | 1.45 | 3.65 | 3.00 | 2.90 | 3.70 | 1.42 |
| Asset Turnover | — | 0.25 | 0.27 | 0.24 | 0.26 | 0.30 | 0.27 | 0.37 | 0.52 | 0.45 | 0.63 |
| Inventory Turnover | — | — | — | 26.38 | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 224.96 | 211.67 | 242.47 | 249.15 | 255.03 | 268.24 | 232.12 | 101.73 | 59.18 | 74.93 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 11.1% | 7.1% | 7.7% | 7.6% | — | — | — | — | — | — | — |
| Payout Ratio | 43.5% | 43.5% | 64.6% | 58.4% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 25.9% | 16.6% | 12.1% | 13.1% | 1.9% | 6.0% | 3.4% | 4.7% | 4.2% | 1.5% | 1.2% |
| FCF Yield | 30.4% | 17.4% | 22.8% | 24.2% | 8.1% | 9.1% | 7.6% | 5.8% | 3.4% | 2.2% | 2.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 11.1% | 7.1% | 7.7% | 7.6% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $269M | $265M | $240M | $236M | $230M | $228M | $226M | $233M | $225M | $223M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying WB stock.
Weibo Corporation's current P/E ratio is 3.9x. The historical average is 39.9x.
Weibo Corporation's current EV/EBITDA is 2.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.3x.
Weibo Corporation's return on equity (ROE) is 11.9%. The historical average is -14.4%.
Based on historical data, Weibo Corporation is trading at a P/E of 3.9x. Compare with industry peers and growth rates for a complete picture.
Weibo Corporation's current dividend yield is 11.11% with a payout ratio of 43.5%.
Weibo Corporation has 76.0% gross margin and 26.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Weibo Corporation's Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Stagnant revenue amid competition
Deep Value Pricing Reflects Stagnation
Weibo trades at a profound discount to its global peers, with a P/E of 4.00 and EV/EBITDA of 2.35, suggesting the market has priced in near-zero growth and potential structural decline, as reported in recent market data.
The valuation multiples are exceptionally low for a profitable internet platform, with a PEG ratio of 0.94 implying the market does not expect meaningful earnings growth. This pricing contrasts sharply with peers like Pinterest (P/E 34.83) and Reddit (P/E 55.20), indicating a severe 'China discount' or a belief that Weibo's business model is in secular decline. The 10.7% dividend yield further underscores the market's view of the company as a mature, cash-generating asset rather than a growth vehicle.
Eroding Margins Signal Cost Pressure
Gross margins have contracted by 870 basis points from their 2024Q3 peak to 71.4% in 2026Q2, a trend that suggests rising content, moderation, or infrastructure costs are outpacing revenue gains, according to the company's quarterly filings.
The decline in gross margin from over 80% to the low-70s range is a significant deterioration for a high-fixed-cost platform business, indicating that incremental revenue is becoming less profitable. Operating margins have also compressed from 30.9% to 26.2% over the same period, failing to demonstrate operating leverage. This margin pressure, combined with volatile net margins, suggests the core advertising business is facing both top-line stagnation and bottom-line cost headwinds.
Low and Declining Returns on Equity
Return on Equity has fallen to 1.7% in 2026Q2 from a peak of 5.8% in 2025Q3, indicating the company is generating minimal returns on its substantial equity base of over $4 billion, as per the latest financial statements.
The ROE trend is concerning, as it has declined from already modest levels, suggesting that the accumulation of retained earnings is not translating into proportional profit growth. The ROIC of 2.1% is similarly low, confirming that the business is not efficiently deploying its invested capital to generate returns. This pattern is consistent with a mature company that is hoarding cash rather than reinvesting it into high-return growth opportunities.
Conservative Leverage Amidst Cash Hoard
The debt-to-equity ratio has improved to 0.46 from 0.81 over two years, yet the company maintains a net debt position of approximately $300 million against a cash pile of $1.6 billion, based on the latest balance sheet data.
While the leverage profile is conservative and interest coverage appears adequate where reported, the capital structure is dominated by a massive cash balance that is not being deployed. The low D/E ratio provides strategic flexibility but also highlights a potential capital allocation inefficiency, as the company is not using its balance sheet strength to fund growth or return capital to shareholders in a more aggressive manner.
Robust Liquidity Masked by Volatility
A current ratio of 3.59 indicates strong short-term liquidity, but the significant quarterly volatility in cash balances, swinging from $2.3B to $1.1B, suggests large, non-operational cash movements that complicate the assessment of core liquidity, as seen in recent filings.
The high current and quick ratios (both 3.59) signal ample liquidity to cover near-term obligations. However, the erratic cash balance trend implies that the company's cash position is influenced by factors beyond core operations, such as investment activities or related-party transactions. This volatility warrants caution, as it obscures the true, stable liquidity available to the business.
The Misapplied Growth Multiple
The P/E ratio is the most commonly misapplied metric for Weibo, as it obscures the company's substantial cash holdings and the non-operational nature of its earnings volatility, which are better captured by EV/EBITDA and P/FCF.
Investors focusing solely on the low P/E of 4.00 may misinterpret it as a simple value trap, overlooking that a significant portion of the company's value is held in cash and investments. The EV/EBITDA of 2.35 and P/FCF of 3.41 provide a clearer picture by accounting for the cash position and focusing on operational cash generation. Furthermore, the volatility in net income due to non-operating items makes the P/E ratio an unreliable indicator of underlying business performance, whereas operating metrics like gross margin and operating margin offer more stable insights.