Yatsen Holding Limited (YSG) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: 10.67
30Y Low10.7·High10.7
P/B Ratio
↓
0.69
↑+368% vs avg
5yr avg: 0.15
30Y Low0.1·High1.6
ROE
↑
-2.6%
↓+83% vs avg
5yr avg: -15.4%
30Y Low-64%·High12%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low1.3·High1.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
YSG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Yatsen Holding Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $306M | $362M | $403M | $402M | $820M | $1.4B | $10.7B | — | — |
| Enterprise Value | $213M | $-269038975 | $-265470644 | $-321822262 | $-560300323 | $-1358689263 | $5.5B | — | — |
| P/E Ratio → | -26.41 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.50 | 0.09 | 0.12 | 0.12 | 0.22 | 0.24 | 2.17 | — | — |
| P/B Ratio | 0.69 | 0.12 | 0.13 | 0.10 | 0.16 | 0.23 | 1.56 | — | — |
| P/FCF | — | — | — | — | 10.67 | — | — | — | — |
| P/OCF | — | — | — | — | 6.02 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
YSG 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 | — | -0.06 | -0.08 | -0.09 | -0.15 | -0.24 | 1.12 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | -7.29 | — | — | — | — |
YSG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Yatsen Holding Limited earns an operating margin of -4.3%, below the Consumer Cyclical sector average of 1.6%. Operating margins have expanded from -16.4% to -4.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -2.6% indicates the company is currently destroying shareholder equity.
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 | 79.2% | 79.2% | 77.1% | 73.6% | 68.0% | 66.8% | 64.3% | 63.6% | 63.5% |
| Operating Margin | -4.3% | -4.3% | -12.4% | -16.4% | -25.1% | -27.8% | -51.3% | 4.7% | -5.2% |
| Net Profit Margin | -1.9% | -1.9% | -20.9% | -21.8% | -22.0% | -26.4% | -51.4% | 2.5% | -6.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.6% | -2.6% | -19.7% | -16.1% | -15.0% | -23.6% | -64.0% | 12.5% | -32.2% |
| ROA | -2.0% | -2.0% | -16.0% | -13.7% | -12.6% | -19.5% | -49.3% | 6.4% | -12.7% |
| ROIC | -5.6% | -5.6% | -10.9% | -11.7% | -20.3% | -48.5% | -163.5% | 27.2% | -20.4% |
| ROCE | -5.5% | -5.5% | -11.1% | -11.6% | -16.2% | -23.6% | -60.2% | 20.7% | -24.6% |
YSG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $808M exceeds total debt of $177M, 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 | 0.06 | 0.06 | 0.05 | 0.03 | 0.03 | 0.07 | 0.08 | 0.25 | 0.18 |
| Debt / EBITDA | — | — | — | — | — | — | — | 1.26 | — |
| Net Debt / Equity | — | -0.21 | -0.22 | -0.17 | -0.27 | -0.45 | -0.76 | -0.38 | -0.02 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -1.95 | — |
| Debt / FCF | — | — | — | — | -17.95 | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — | -174.30 |
Net cash position: cash ($808M) exceeds total debt ($177M)
YSG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Yatsen Holding Limited's current ratio of 3.63x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.80x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 4.83x to 3.63x 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 | 3.63 | 3.63 | 3.67 | 4.83 | 5.96 | 5.19 | 6.27 | 2.06 | 1.54 |
| Quick Ratio | 2.80 | 2.80 | 3.06 | 4.25 | 5.24 | 4.40 | 5.72 | 1.40 | 1.07 |
| Cash Ratio | 1.71 | 1.71 | 2.12 | 3.36 | 4.39 | 3.65 | 5.07 | 0.90 | 0.13 |
| Asset Turnover | — | 1.09 | 0.87 | 0.68 | 0.64 | 0.79 | 0.60 | 1.50 | 2.01 |
| Inventory Turnover | 1.71 | 1.71 | 2.04 | 2.56 | 2.85 | 2.75 | 2.86 | 2.18 | 2.76 |
| Days Sales Outstanding | — | 33.30 | 34.67 | 21.56 | 19.98 | 22.54 | 30.93 | 32.03 | 35.80 |
YSG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Yatsen Holding Limited returns 5.3% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | 9.4% | — | — | — | — |
| Buyback Yield | 5.3% | 30.6% | 100.0% | 52.9% | 79.8% | 1.1% | 4.6% | — | — |
| Total Shareholder Yield | 5.3% | 30.6% | 100.0% | 52.9% | 79.8% | 1.1% | 4.6% | — | — |
| Shares Outstanding | — | $93M | $101M | $110M | $112M | $126M | $126M | $135M | $135M |
Peer Comparison
Compare YSG 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 |
|---|---|---|---|---|---|---|---|---|---|
 YSGYou | $306M | -26.4 | — | — | 79.2% | -4.3% | -2.6% | -5.6% | — |
 COTY | $2B | -4.5 | 8.6 | 6.2 | 64.8% | 4.1% | -9.0% | 2.3% | 6.4 |
 ELF | $4B | 144.3 | 20.9 | 19.9 | 70.7% | 8.0% | 5.8% | 7.3% | 4.4 |
 REVG | $3B | 33.8 | 14.4 | 16.4 | 15.0% | 7.8% | 22.4% | 29.9% | 0.3 |
 IPAR | $3B | 19.0 | 12.0 | 16.7 | 63.6% | 18.2% | 16.5% | 18.6% | 0.8 |
 SKIN | $86M | -4.2 | 51.1 | 2.3 | 65.3% | -6.9% | -16.9% | -6.8% | 83.3 |
 EL | $30B | -26.6 | 20.6 | 45.1 | 73.9% | 6.7% | -24.7% | 6.5% | 5.3 |
 ULTA | $20B | 17.9 | 11.6 | 18.5 | 39.1% | 12.5% | 43.6% | 28.1% | 1.2 |
 KVYO | $4B | -122.6 | — | 21.5 | 74.7% | -5.5% | -2.8% | -22.2% | — |
 BABA | $239B | 15.8 | 16.0 | — | 39.8% | 5.8% | 9.4% | 3.8% | 2.4 |
 JD | $35B | 13.7 | 17.1 | 49.8 | 9.3% | 0.2% | 6.5% | 0.8% | 9.3 |
| Consumer Cyclical Median | — | 21.0 | 12.1 | 15.4 | 36.3% | 1.6% | 5.4% | 5.2% | 4.7 |
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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YSG — Frequently Asked Questions
Quick answers to the most common questions about buying YSG stock.
What is Yatsen Holding Limited's P/E ratio?
Yatsen Holding Limited's current P/E ratio is -26.4x. This places it at the 50th percentile of its historical range.
What is Yatsen Holding Limited's ROE?
Yatsen Holding Limited's return on equity (ROE) is -2.6%. The historical average is -20.1%.
Is YSG stock overvalued?
Based on historical data, Yatsen Holding Limited is trading at a P/E of -26.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Yatsen Holding Limited's profit margins?
Yatsen Holding Limited has 79.2% gross margin and -4.3% operating margin.