NetEaseWBO:NTES 90 EBITDA Margin % is 42.78% as of Mar. 2026, which is 49% above its 10-year median of 28.71. GuruFocus rates WBO:NTES with a GF Score™ of 90/100 and a GF Value™ of €107.18 (Fairly Valued). Among 553 Interactive Media companies, NetEase ranks better than 84.27% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. NetEase's EBITDA for the
three
months ended in Mar. 2026 was €1,643 Mil. NetEase's Revenue for the
three
months ended in Mar. 2026 was €3,839 Mil. Therefore, NetEase's EBITDA margin for the quarter that ended in Mar. 2026 was 42.78%.
NetEase (WBO:NTES) EBITDA Margin % Explanation
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.
NetEase EBITDA Margin % Related Terms
NetEase EBITDA Margin % Historical Data
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The historical data trend for NetEase'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.
WBO:NTES vs EA, TTWO, RBLX: EBITDA Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase EBITDA Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase (WBO:NTES) has a EBITDA Margin % of 42.78% 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 NetEase and its competitors. This is 49% above median its historical median of 28.71. Over the past decade, NetEase's EBITDA Margin % has ranged from 22.48 to 35.25. According to the industry distribution chart, NetEase ranks #87 out of 553 companies in the Interactive Media industry, placing it in the top 15.7%.
Is NetEase's EBITDA Margin % too high?
NetEase's current EBITDA Margin % of 42.78% is 49% above median its 10-year median of 28.71. Over the past 10 years, this metric has ranged from a low of 22.48 to a high of 35.25. The Interactive Media industry median EBITDA Margin % is 8.70. NetEase's value of 42.78% is 391.7% above this industry median. Based on the distribution chart, NetEase ranks #87 out of 553 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's EBITDA Margin % compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #87 out of 553 companies for EBITDA Margin %. This places NetEase in the top 16% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.70. NetEase's value of 42.78% is 391.7% above this benchmark. Historically, NetEase's own EBITDA Margin % has ranged from 22.48 to 35.25 over the past decade. While the company's 10-year median is 28.71 vs. the industry median of 8.70, NetEase 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 an Interactive Media company?
The median EBITDA Margin % among Interactive Media companies is 8.70, based on 553 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. NetEase's current EBITDA Margin % of 42.78% is 391.7% 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 NetEase and its competitors. For the Interactive Media industry, the median EBITDA Margin % is 8.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current EBITDA Margin % is 42.78%, which is 49% above median its own 10-year median of 28.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (WBO:NTES) is currently considered Fairly Valued. The stock's GF Value™ is €107.18, compared to a current price of €105.00 — trading 2% below its estimated fair value. The current EBITDA Margin % is 42.78%, which is 49% above median its 10-year median of 28.71 and 391.7% above the Interactive Media industry median of 8.70. NetEase's overall GF Score™ is 90/100. 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 NetEase (WBO:NTES), the current EBITDA Margin % is 42.78% 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 NetEase (WBO:NTES) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be undervalued.
The current stock price of €105.00 is trading 2% below its estimated GF Value™ of €107.18.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for WBO:NTES:
EBITDA Margin %: 42.78% (49% above median its 10-year median of 28.71)
GF Value™: €107.18 vs. price of €105.00 (2% below fair value)
Industry Position: 391.7% above the Interactive Media median (#87 of 553)
No single metric tells the full story. See the WBO:NTES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
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