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, Li Ning Co's Enterprise Value is $2,601 Mil.
Li Ning Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $606 Mil. Therefore, Li Ning Co's EV-to-EBIT ratio for today is 4.29.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Li Ning Co's Enterprise Value is $2,601 Mil.
Li Ning Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $799 Mil. Therefore, Li Ning Co's EV-to-EBITDA ratio for today is 3.25.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Li Ning Co's Enterprise Value is $2,601 Mil.
Li Ning Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $4,162 Mil. Therefore, Li Ning Co's EV-to-Revenue ratio for today is 0.62.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Li Ning Co's Enterprise Value is $2,601 Mil.
Li Ning Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $501 Mil. Therefore, Li Ning Co's EV-to-FCF ratio for today is 5.19.
*** 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.
Li Ning Co (OTCPK:LNNGY) 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.
Li Ning Co's current Enterprise Value is $2,601 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $606 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Li Ning Co's current Enterprise Value is $2,601 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $799 Mil.
Li Ning Co's current Enterprise Value is $2,601 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $4,162 Mil.
Li Ning Co's current Enterprise Value is $2,601 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $682 Mil.
Li Ning Co's current Enterprise Value is $2,601 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $501 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.
Li Ning Co Enterprise Value Related Terms
Li Ning Co Enterprise Value Historical Data
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The historical data trend for Li Ning Co'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.
LNNGY vs AS, HAS, LTH: Enterprise Value Comparison
For the Leisure subindustry, Li Ning Co'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.
Li Ning Co Enterprise Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Li Ning Co's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Li Ning Co's Enterprise Value for the fiscal year 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.
Li Ning Co (LNNGY) has a Enterprise Value of $2,601 Mil as of Jul. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Li Ning Co and its competitors.
Is Li Ning Co's Enterprise Value too high?
Li Ning Co's current Enterprise Value is $2,601 Mil. Overall, Li Ning Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Li Ning Co's Enterprise Value compare to AS and HAS?
Li Ning Co's Enterprise Value of $2,601 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 Li Ning Co and its competitors. Li Ning Co's current Enterprise Value is $2,601 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Ning Co stock overvalued right now?
Based on GuruFocus' analysis, Li Ning Co (LNNGY) is currently considered Modestly Undervalued. The stock's GF Value™ is $66.63, compared to a current price of $47.26 — trading 29.1% below its estimated fair value. The current Enterprise Value is $2,601 Mil. Li Ning Co's overall GF Score™ is 90/100 with 3 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 Li Ning Co (LNNGY), the current Enterprise Value is $2,601 Mil as of Jul. 02, 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 Li Ning Co (LNNGY) Overvalued in 2026?
Based on GuruFocus' analysis, Li Ning Co stock appears to be undervalued.
The current stock price of $47.26 is trading 29.1% below its estimated GF Value™ of $66.63.
GuruFocus considers Li Ning Co to be Modestly Undervalued.
Key valuation signals for LNNGY:
Enterprise Value: $2,601 Mil
GF Value™: $66.63 vs. price of $47.26 (29.1% below fair value)
No single metric tells the full story. See the LNNGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2024, the company had 7,585 stores in China, of which 1,297 were directly operated, and the rest franchised.
90GF Score
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