Keep (HKSE:03650) Enterprise Value: HK$-107 Mil (As of Aug. 26, 2026) ***

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HKSE:03650 Keep Inc HKSE:03650
71 GF Score
Price HK$1.73
GF Value HK$5.19
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Keep Enterprise Value?

Keep HKSE:03650 -1.14% 71 Enterprise Value is HK$-107 Mil as of Aug. 26, 2026. GuruFocus rates HKSE:03650 with a GF Score™ of 71/100 and a GF Value™ of HK$5.19 (Possible Value Trap). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Keep's Enterprise Value is HK$-107 Mil. Keep's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-78 Mil. Therefore, Keep's EV-to-EBIT ratio for today is 1.38.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Keep's Enterprise Value is HK$-107 Mil. Keep's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-78 Mil. Therefore, Keep's EV-to-EBITDA ratio for today is 1.38.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Keep's Enterprise Value is HK$-107 Mil. Keep's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,799 Mil. Therefore, Keep's EV-to-Revenue ratio for today is -0.06.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Keep's Enterprise Value is HK$-107 Mil. Keep's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-36 Mil. Therefore, Keep's EV-to-OCF ratio for today is 2.99.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Keep's Enterprise Value is HK$-107 Mil. Keep's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-46 Mil. Therefore, Keep's EV-to-FCF ratio for today is 2.36.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Keep  (HKSE:03650) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Keep's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-107.231/-77.769
=1.38

Keep's current Enterprise Value is HK$-107 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Keep's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-78 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Keep's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-107.231/-77.769
=1.38

Keep's current Enterprise Value is HK$-107 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Keep's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-78 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Keep's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-107.231/1799.143
=-0.06

Keep's current Enterprise Value is HK$-107 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Keep's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,799 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Keep's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-107.231/-35.836
=2.99

Keep's current Enterprise Value is HK$-107 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Keep's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-36 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Keep's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-107.231/-45.515
=2.36

Keep's current Enterprise Value is HK$-107 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Keep's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-46 Mil.

* 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.


Keep Enterprise Value Related Terms


Keep Enterprise Value Historical Data

* Premium members only.

The historical data trend for Keep's Enterprise Value 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.

Keep Enterprise Value Chart

Keep Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial 0.00 0.00 5,481.36 1,699.44 929.85

Keep Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 5,481.36 1,649.04 1,699.44 1,482.67 929.85

HKSE:03650 vs AS, HAS, LTH: Enterprise Value Comparison

For the Leisure subindustry, Keep's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Keep Enterprise Value vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Keep's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Keep's Enterprise Value falls into.


HKSE:03650
71GF Score
Keep Inc HKSE:03650
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keep Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Keep's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Keep's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of HK$-107 Mil mean?
Keep (HKSE:03650) has a Enterprise Value of HK$-107 Mil as of Aug. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Keep and its competitors.
Is Keep's Enterprise Value too high?
Keep's current Enterprise Value is HK$-107 Mil. Overall, Keep has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Keep's Enterprise Value compare to AS and HAS?
Keep's Enterprise Value of HK$-107 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Travel & Leisure company?
A good Enterprise Value depends on the Travel & Leisure industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Keep and its competitors. Keep's current Enterprise Value is HK$-107 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keep stock overvalued right now?
Based on GuruFocus' analysis, Keep (HKSE:03650) is currently considered Possible Value Trap. The stock's GF Value™ is HK$5.19, compared to a current price of HK$1.73 — trading 66.7% below its estimated fair value. The current Enterprise Value is HK$-107 Mil. Keep's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Keep (HKSE:03650), the current Enterprise Value is HK$-107 Mil as of Aug. 26, 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 Keep (HKSE:03650) Overvalued in 2026?

Based on GuruFocus' analysis, Keep stock appears to be undervalued. The current stock price of HK$1.73 is trading 66.7% below its estimated GF Value™ of HK$5.19. GuruFocus considers Keep to be Possible Value Trap.

Key valuation signals for HKSE:03650:

  • Enterprise Value: HK$-107 Mil
  • GF Value™: HK$5.19 vs. price of HK$1.73 (66.7% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the HKSE:03650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keep Business Description

Address No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN
Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns, and diet. The company's operating segment includes Self-branded fitness products, Online membership and paid content, and Advertising and others. The company generates the majority of its revenue from Self-branded fitness products.
71GF Score

Get the complete analysis for HKSE:03650

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.73
Price
HK$5.19
GF Value