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PDD Holdings Inc. (PDD) relative valueRV

Compared with the rest of its industry group on the figures from its last annual filing.

PDD's operating margin of 21.6% ranks in the 98th percentile of 21 Retail sub-industry peers, fiscal periods ending between 2025-12-27 and 2026-06-27.

Kresmion ranks PDD against its industry peers from annual SEC filings and market-price snapshots.

As of . Source: SEC EDGAR XBRL company facts. Method and limitations.

Against 24 Retail peers

20-F FY to 31 Dec 2025 in CNY
MetricPDDPeer medianPercentilen
Revenue FY432B CNYn/an/a2
Revenue YoY9.7%n/an/a3
Gross margin56.3%32.9%89th21
Operating margin21.6%4.7%98th21
Net margin22.7%3.9%98th24
Return on equity23.7%16.4%67th22
P / En/a30.3xn/a21
1 year-43.9%n/an/a1

Source: SEC EDGAR XBRL company facts (public domain); prices from Kresmion's daily equity market-data snapshot. Fiscal periods ending between 2025-12-27 and 2026-06-27. Prices as of 2026-10-28. Every fundamental figure is one full fiscal year from one filing. Nothing is trailing twelve months and nothing is converted between currencies. P/E combines the market-price snapshot with annual earnings; one-year return uses market prices, dated separately above. 0001104659-26-050727

Peer set, 24 companies

MELI, BABA, JD, CPNG, USFD, PFGC, W, BURL, PAG, CART, DKS, BJ, FIVE, GME, DDS, MUSA, ETSY, CHWY, GAP, KMX, URBN, ANF, ACI, M

Left out: UGP (period gap).

What could not be compared

  • 26 The filer did not report this line in the filing used.
  • 23 The price series does not reach back to the start of this window.
  • 22 Reported in a different currency than the subject. A level in another currency is not comparable and is not converted here.
  • 3 This filer reports an ordinary share count and trades as a depositary receipt at a ratio Kresmion does not store, so price times shares would be wrong.
  • 3 Fewer than 5 peers carry a comparable value, so no median, quartile or percentile is published.
  • 3 The denominator is zero or negative, so the ratio has no meaning.
  • 1 The filing's gross profit disagrees with its revenue minus cost of revenue, so one of the three figures is on another basis and no gross margin is shown.
  • 1 This company's latest fiscal year ends more than 335 days from the subject's, so it is a different economic year.

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Cite this data

Every fundamental figure is the full fiscal year reported on one annual SEC filing (10-K, 20-F or 40-F), named by accession. Peers are the company's industry group: the GICS sub-industry where the company is GICS-classified, otherwise the data vendor's industry label (the two label sets are not merged). A median, quartile or percentile is published only when at least five peers carry a comparable value, and a peer reporting in another currency is excluded from a level rather than converted. P/E combines the market-price snapshot with annual earnings; one-year return uses market prices, dated separately above.

Upstream: SEC EDGAR XBRL company facts

Kresmion, "PDD relative value, Kresmion", data as of 2026-04-29, https://kresmion.com/tools/relative-value/PDD. Upstream data: SEC EDGAR XBRL company facts.

Link to this data (HTML):

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