PDD HoldingsFRA:9PDA -3.27%71 EBITDA Margin % is 16.37% as of Mar. 2026, which is 771% above its 10-year median of 1.88. GuruFocus rates FRA:9PDA with a GF Score™ of 71/100 and a GF Value™ of €136.23 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,128 Retail - Cyclical companies, PDD Holdings ranks better than 92.82% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. PDD Holdings's EBITDA for the
three
months ended in Mar. 2026 was €2,183 Mil. PDD Holdings's Revenue for the
three
months ended in Mar. 2026 was €13,332 Mil. Therefore, PDD Holdings's EBITDA margin for the quarter that ended in Mar. 2026 was 16.37%.
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
PDD Holdings EBITDA Margin % Related Terms
PDD Holdings EBITDA Margin % Historical Data
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The historical data trend for PDD Holdings's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:9PDA vs MELI, DASH, SE: EBITDA Margin % Comparison
For the Internet Retail subindustry, PDD Holdings's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PDD Holdings EBITDA Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where PDD Holdings's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PDD Holdings (FRA:9PDA) has a EBITDA Margin % of 16.37% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on PDD Holdings and its competitors. This is 771% above median its historical median of 1.88. According to the industry distribution chart, PDD Holdings ranks #81 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 7.2%.
Is PDD Holdings' EBITDA Margin % too high?
PDD Holdings' current EBITDA Margin % of 16.37% is 771% above median its 10-year median of 1.88. The Retail - Cyclical industry median EBITDA Margin % is 7.48. PDD Holdings' value of 16.37% is 118.9% above this industry median. Based on the distribution chart, PDD Holdings ranks #81 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PDD Holdings has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDD Holdings' EBITDA Margin % compare to MELI and DASH?
According to the Retail - Cyclical industry distribution chart, PDD Holdings ranks #81 out of 1128 companies for EBITDA Margin %. This places PDD Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 7.48. PDD Holdings' value of 16.37% is 118.9% above this benchmark. While the company's 10-year median is 1.88 vs. the industry median of 7.48, PDD Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Retail - Cyclical company?
The median EBITDA Margin % among Retail - Cyclical companies is 7.48, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PDD Holdings's current EBITDA Margin % of 16.37% is 118.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on PDD Holdings and its competitors. For the Retail - Cyclical industry, the median EBITDA Margin % is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDD Holdings's current EBITDA Margin % is 16.37%, which is 771% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PDD Holdings stock overvalued right now?
Based on GuruFocus' analysis, PDD Holdings (FRA:9PDA) is currently considered Significantly Undervalued. The stock's GF Value™ is €136.23, compared to a current price of €65.00 — trading 52.3% below its estimated fair value. The current EBITDA Margin % is 16.37%, which is 771% above median its 10-year median of 1.88 and 118.9% above the Retail - Cyclical industry median of 7.48. PDD Holdings' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For PDD Holdings (FRA:9PDA), the current EBITDA Margin % is 16.37% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PDD Holdings (FRA:9PDA) Overvalued in 2026?
Based on GuruFocus' analysis, PDD Holdings stock appears to be undervalued.
The current stock price of €65.00 is trading 52.3% below its estimated GF Value™ of €136.23.
GuruFocus considers PDD Holdings to be Significantly Undervalued.
Key valuation signals for FRA:9PDA:
EBITDA Margin %: 16.37% (771% above median its 10-year median of 1.88)
GF Value™: €136.23 vs. price of €65.00 (52.3% below fair value)
Industry Position: 118.9% above the Retail - Cyclical median (#81 of 1128)
No single metric tells the full story. See the FRA:9PDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PDD Holdings operates commerce businesses globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. PDD has also started its first-party brand business for global markets.
71GF Score
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