ZKH Group Limited (ZKH) Financial Ratios
6 years of historical data (2020–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: 3.94
30Y Low3.9·High3.9
P/B Ratio
↓
0.92
↑+128% vs avg
5yr avg: 0.40
30Y Low0.2·High0.8
ROE
↑
-4.5%
↓+96% vs avg
5yr avg: -120.2%
30Y Low-458%·High-4%
Debt/EBITDA
N/A
—
5yr avg: 1.33
30Y Low1.3·High1.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ZKH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ZKH Group 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $399M | $598M | $575M | $2.6B | — | — | — |
| Enterprise Value | $300M | $-67966662 | $-300028570 | $2.4B | — | — | — |
| P/E Ratio → | -19.85 | — | — | — | — | — | — |
| P/S Ratio | 0.31 | 0.07 | 0.07 | 0.30 | — | — | — |
| P/B Ratio | 0.92 | 0.20 | 0.19 | 0.82 | — | — | — |
| P/FCF | — | — | 3.94 | — | — | — | — |
| P/OCF | 316.06 | 69.93 | 2.51 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ZKH 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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.01 | -0.03 | 0.27 | — | — | — |
| EV / EBITDA | — | — | -0.73 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | -2.05 | — | — | — | — |
ZKH Profitability
Margins and return-on-capital ratios measuring operating efficiency
ZKH Group Limited earns an operating margin of -2.4%, below the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from -4.6% to -2.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -4.5% 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 16.4% | 16.4% | 17.2% | 16.7% | 15.8% | 13.6% | 14.5% |
| Operating Margin | -2.4% | -2.4% | 3.9% | -4.6% | -8.2% | -14.5% | -8.5% |
| Net Profit Margin | -1.6% | -1.6% | -3.1% | -3.5% | -8.8% | -14.7% | -8.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -4.5% | -4.5% | -8.5% | -9.5% | — | -458.3% | -12.3% |
| ROA | -2.1% | -2.1% | -3.8% | -4.3% | -11.5% | -19.5% | -7.2% |
| ROIC | -6.9% | -6.9% | 9.8% | -10.1% | — | — | -17.6% |
| ROCE | -6.5% | -6.5% | 10.2% | -11.9% | -23.3% | -36.7% | -11.4% |
ZKH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $1.1B exceeds total debt of $427M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.18 | 0.26 | — | — | 0.13 |
| Debt / EBITDA | — | — | 1.33 | — | — | — | — |
| Net Debt / Equity | — | -0.23 | -0.28 | -0.08 | — | — | -0.51 |
| Net Debt / EBITDA | — | — | -2.12 | — | — | — | — |
| Debt / FCF | — | — | -5.99 | — | — | — | — |
| Interest Coverage | -18.80 | -18.80 | -17.83 | -14.75 | -6.77 | -102.27 | -96.42 |
Net cash position: cash ($1.1B) exceeds total debt ($427M)
ZKH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.79x means ZKH Group Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.73x to 1.79x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.79 | 1.79 | 1.85 | 1.73 | 1.80 | 1.56 | 2.45 |
| Quick Ratio | 1.60 | 1.60 | 1.67 | 1.56 | 1.62 | 1.33 | 2.24 |
| Cash Ratio | 0.56 | 0.56 | 0.59 | 0.49 | 0.56 | 0.16 | 0.98 |
| Asset Turnover | — | 1.34 | 1.33 | 1.18 | 1.22 | 1.29 | 0.84 |
| Inventory Turnover | 10.90 | 10.90 | 11.59 | 10.87 | 10.67 | 8.67 | 8.94 |
| Days Sales Outstanding | — | 140.80 | 139.73 | 167.11 | 148.27 | 150.61 | 152.23 |
ZKH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ZKH Group Limited returns 1.5% 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | 25.4% | — | — | — | — |
| Buyback Yield | 1.5% | 6.7% | 7.1% | 0.0% | — | — | — |
| Total Shareholder Yield | 1.5% | 6.7% | 7.1% | 0.0% | — | — | — |
| Shares Outstanding | — | $162M | $164M | $162M | $151M | $139M | $129M |
Peer Comparison
Compare ZKH 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 |
|---|---|---|---|---|---|---|---|---|---|
 ZKHYou | $399M | -19.8 | — | — | 16.4% | -2.4% | -4.5% | -6.9% | — |
 FAST | $53B | 42.3 | 32.1 | 50.4 | 45.0% | 20.2% | 33.3% | 31.2% | 0.3 |
 GWW | $63B | 37.9 | 22.4 | 47.6 | 39.1% | 15.0% | 43.5% | 32.1% | 1.1 |
 MSM | $7B | 32.9 | 17.4 | 27.2 | 40.8% | 8.3% | 14.2% | 12.3% | 1.3 |
 SITE | $5B | 31.6 | 14.6 | 19.1 | 34.8% | 5.1% | 9.3% | 7.3% | 2.6 |
 WSO | $16B | 32.4 | 22.0 | 30.2 | 28.0% | 9.6% | 15.8% | 16.6% | 0.7 |
 POOL | $7B | 18.0 | 11.7 | 23.2 | 29.7% | 11.0% | 33.1% | 22.3% | 0.6 |
 NOW | $96B | 55.7 | 37.4 | 21.1 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 DXPE | $3B | 31.5 | 15.3 | 48.6 | 31.5% | 8.8% | 19.3% | 12.5% | 4.6 |
 MMM | $85B | 27.2 | 17.1 | 61.0 | 39.6% | 18.3% | 75.2% | 28.1% | 2.4 |
 HON | $145B | 31.0 | 20.9 | 26.8 | 36.9% | 17.5% | 27.3% | 12.6% | 4.3 |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 6 years · Updated daily
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ZKH — Frequently Asked Questions
Quick answers to the most common questions about buying ZKH stock.
What is ZKH Group Limited's P/E ratio?
ZKH Group Limited's current P/E ratio is -19.8x. This places it at the 50th percentile of its historical range.
What is ZKH Group Limited's ROE?
ZKH Group Limited's return on equity (ROE) is -4.5%. The historical average is -98.6%.
Is ZKH stock overvalued?
Based on historical data, ZKH Group Limited is trading at a P/E of -19.8x. 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 ZKH Group Limited's profit margins?
ZKH Group Limited has 16.4% gross margin and -2.4% operating margin.