PDD Holdings stock
PDDNASDAQPDD Holdings Inc., Consumer CyclicalISIN US7223041028
69Score 69 out of 100, Neutral
Price and trend
40 / 100
Price history
−43% in one yearThe chart shows daily closes over 8 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 14% below it.
Since January 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 46).
The price is 43% below its 52-week high. Largest decline in 8 years: 87% (February 2021 to March 2022).
Chart figures for advanced users
- SMA 50$79.45
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$89.93
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)46
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$73.30
- The lowest closing price of the last twelve months.
- Resistance$136.04
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- PDD Holdings Inc. belongs to the Specialty Retail industry (Ireland) and, with a market value of $110.36B, is number 3 of 86 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $64.74B (up 9.7% year on year) and earnings of $14.67B (down 13%).
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- MEQIRI Score 69 out of 100 (Neutral): rank 188 of 602 in Consumer Cyclical, median 61.
- The P/E is 8.3 (Specialty Retail median 23, own median of recent years 22.5).
- Our model puts fair value at $226.39, with the price 65% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 48.7% a year since 2020, Specialty Retail median 11%.Growth 82
- Modestly valuedP/E 8.3, Specialty Retail median 23, own median 22.5.Valuation 97
- Below fair valuePrice 65% below the fair value of $226.39.Valuation 97
Weaknesses
- DilutionShare count up 18% since 2020.Capital allocation 49
- Share price fell sharplyDown 43% over the last 12 months.Momentum 22
Its standout strengths are valuation and stability, while technical analysis and momentum hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 70 to 69.
Fundamentals are strong, with strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- price far below its 52-week high
- weak momentum
- high growth grade (crashed more often in the backtest)
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $174.14 and expensive above $323.41 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $237.51 (cash-flow model) and $215.27 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.3%. At 8.3% the fair value would be $208.16, at 6.3% it would be $253.62.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (23).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 10% on the twelve months before. Revenue has grown strongly since 2016, at around 112% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 56%, operating 22%, net 23%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 18 Nov 2026in 6 days
- Last reported
- 24 Aug 2026above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 68.68+0.1%
- Revenue
- $70.18B+0.2%
- Earnings per share
- 82.44+0.2%
- Revenue
- $77.62B+0.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −0.7%The first party brand model rollout was slower than expected and needs more time, though overall momentum is described as positive, and the company named no guidance change.
“Although the initial rollout of our first-party brand model over the past 6 months was slower than expected due to certain external factors, the overall momentum remains positive.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 24 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $140,151 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Kam Anthony Ping LeungSale
3 Sept 2026, Board
- Shares
- 1,705
- Price
- $82.20
- Value
- $140,151
Shares and prices per ordinary share as filed with the SEC, not per depositary receipt.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at PDD Holdings
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
602 rated companies in Consumer Cyclical
- This company
- 69
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Specialty Retail
The next larger and next smaller companies by market value
- Amazon.comAMZN $2.88T69
- Alibaba Group HoldingBABA $252.56B47
- MercadoLibreMELI $76.65B60
- O'Reilly AutomotiveORLY $72.64B71
- Meituan3690.HK $57.31B40
- eBayEBAY $53.86B76
- Alimentation Couche-TardATD.TO $53.11B69
- AutoZoneAZO $52.11B70
ETFs that hold PDD Holdings
Held by 57 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| EMQQ Emerging Markets Internet UCITS ETF AccEMQQ | 6.09% | 0.86% | €87.6M |
| iShares Dow Jones China Offshore 50 UCITS ETF (DE)EXXU | 4.40% | 0.62% | €40.6M |
| iShares BIC 50 UCITS ETFIQQ9 | 3.41% | 0.74% | €99.3M |
Show 5 more
| iShares MSCI EM Consumer Growth UCITS ETFCEMG | 2.30% | 0.60% | €31.52M |
| Franklin FTSE China UCITS ETFFLXC | 2.24% | 0.19% | €1.3B |
| L&G Ecommerce Logistics UCITS ETFETLH | 2.05% | 0.49% | €62.57M |
| Deka MSCI China ex A Shares UCITS ETFEL46 | 2.00% | 0.65% | €74.12M |
| Xtrackers MSCI China UCITS ETF 1CXCS6 | 1.81% | 0.65% | €1.51B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = CN¥6.6707)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 12 Nov 2026, previously Strong
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.