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PDD HoldingsLIM:PDD 67 EV-to-FCF is 3.60 as of Jul. 14, 2026, which is 74% below its 10-year median of 13.61. GuruFocus rates LIM:PDD with a GF Score™ of 67/100 and a GF Value™ of $155.04 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 773 Retail - Cyclical companies, PDD Holdings ranks better than 87.97% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, PDD Holdings's Enterprise Value is $54,903 Mil.
PDD Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $15,234 Mil. Therefore, PDD Holdings's EV-to-FCF for today is 3.60.
The historical rank and industry rank for PDD Holdings's EV-to-FCF or its related term are showing as below:
LIM:PDD'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.33 Med: 13.61 Max: 54.23
Current: 3.85
During the past 10 years, the highest EV-to-FCF of PDD Holdings was 54.23. The lowest was 3.33. And the median was 13.61.
LIM:PDD's EV-to-FCF is ranked better than 87.97% of 773
companies
in the Retail - Cyclical industry
Industry Median: 14.04
vs LIM:PDD: 3.85
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
PDD Holdings's PE Ratio (TTM) for today is calculated as:
PDD Holdings's share price for today is $82.50.
PDD Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.235.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
PDD Holdings EV-to-FCF Related Terms
PDD Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for PDD Holdings's EV-to-FCF 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.
For the Internet Retail subindustry, PDD Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where PDD Holdings's EV-to-FCF falls into.
PDD Holdings's current Enterprise Value is $54,903 Mil.
PDD Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,234 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.
PDD Holdings (LIM:PDD) has a EV-to-FCF of 3.60 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PDD Holdings and its competitors. This is 74% below median its historical median of 13.61. Over the past decade, PDD Holdings' EV-to-FCF has ranged from 3.33 to 54.23. According to the industry distribution chart, PDD Holdings ranks #93 out of 773 companies in the Retail - Cyclical industry, placing it in the top 12%.
Is PDD Holdings' EV-to-FCF too high?
PDD Holdings' current EV-to-FCF of 3.60 is 74% below median its 10-year median of 13.61. Over the past 10 years, this metric has ranged from a low of 3.33 to a high of 54.23. The Retail - Cyclical industry median EV-to-FCF is 14.04. PDD Holdings' value of 3.60 is 74.4% below this industry median. Based on the distribution chart, PDD Holdings ranks #93 out of 773 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 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDD Holdings' EV-to-FCF compare to MELI and DASH?
According to the Retail - Cyclical industry distribution chart, PDD Holdings ranks #93 out of 773 companies for EV-to-FCF. This places PDD Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.04. PDD Holdings' value of 3.60 is 74.4% below this benchmark. Historically, PDD Holdings' own EV-to-FCF has ranged from 3.33 to 54.23 over the past decade. While the company's 10-year median is 13.61 vs. the industry median of 14.04, PDD Holdings has consistently been below 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 EV-to-FCF for a Retail - Cyclical company?
The median EV-to-FCF among Retail - Cyclical companies is 14.04, based on 773 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PDD Holdings's current EV-to-FCF of 3.60 is 74.4% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PDD Holdings and its competitors. For the Retail - Cyclical industry, the median EV-to-FCF is 14.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDD Holdings's current EV-to-FCF is 3.60, which is 74% below median its own 10-year median of 13.61. 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 (LIM:PDD) is currently considered Significantly Undervalued. The stock's GF Value™ is $155.04, compared to a current price of $82.50 — trading 46.8% below its estimated fair value. The current EV-to-FCF is 3.60, which is 74% below median its 10-year median of 13.61 and 74.4% below the Retail - Cyclical industry median of 14.04. PDD Holdings' overall GF Score™ is 67/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For PDD Holdings (LIM:PDD), the current EV-to-FCF is 3.60 as of Jul. 14, 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 (LIM:PDD) Overvalued in 2026?
Based on GuruFocus' analysis, PDD Holdings stock appears to be undervalued.
The current stock price of $82.50 is trading 46.8% below its estimated GF Value™ of $155.04.
GuruFocus considers PDD Holdings to be Significantly Undervalued.
Key valuation signals for LIM:PDD:
EV-to-FCF: 3.60 (74% below median its 10-year median of 13.61)
GF Value™: $155.04 vs. price of $82.50 (46.8% below fair value)
Industry Position: 74.4% below the Retail - Cyclical median (#93 of 773)
No single metric tells the full story. See the LIM:PDD 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.
67GF Score
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