PDD HoldingsFRA:9PDA 71 FCF Margin % is 15.48% as of Mar. 2026, which is 64% below its 10-year median of 42.56. 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 1,125 Retail - Cyclical companies, PDD Holdings ranks better than 96.09% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. PDD Holdings's Free Cash Flow for the
three
months ended in Mar. 2026 was €2,064 Mil. PDD Holdings's Revenue for the
three
months ended in Mar. 2026 was €13,332 Mil. Therefore, PDD Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was 15.48%.
The historical rank and industry rank for PDD Holdings's FCF Margin % or its related term are showing as below:
FRA:9PDA'
s FCF Margin % Range Over the Past 10 Years
Min: 24.25 Med: 42.56 Max: 554.87
Current: 24.25
During the past 10 years, the highest FCF Margin % of PDD Holdings was 554.87%. The lowest was 24.25%. And the median was 42.56%.
FRA:9PDA's FCF Margin % is ranked better than 96.09% of 1125
companies
in the Retail - Cyclical industry
Industry Median: 3.02
vs FRA:9PDA: 24.25
PDD Holdings FCF Margin % Related Terms
PDD Holdings FCF Margin % Historical Data
* Premium members only.
The historical data trend for PDD Holdings's FCF 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: FCF Margin % Comparison
For the Internet Retail subindustry, PDD Holdings's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where PDD Holdings's FCF 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 FCF Margin % of 15.48% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on PDD Holdings and its competitors. This is 64% below median its historical median of 42.56. Over the past decade, PDD Holdings' FCF Margin % has ranged from 24.25 to 554.87. According to the industry distribution chart, PDD Holdings ranks #44 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 3.9%.
Is PDD Holdings' FCF Margin % too high?
PDD Holdings' current FCF Margin % of 15.48% is 64% below median its 10-year median of 42.56. Over the past 10 years, this metric has ranged from a low of 24.25 to a high of 554.87. The Retail - Cyclical industry median FCF Margin % is 3.02. PDD Holdings' value of 15.48% is 412.6% above this industry median. Based on the distribution chart, PDD Holdings ranks #44 out of 1125 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' FCF Margin % compare to MELI and DASH?
According to the Retail - Cyclical industry distribution chart, PDD Holdings ranks #44 out of 1125 companies for FCF Margin %. This places PDD Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.02. PDD Holdings' value of 15.48% is 412.6% above this benchmark. Historically, PDD Holdings' own FCF Margin % has ranged from 24.25 to 554.87 over the past decade. While the company's 10-year median is 42.56 vs. the industry median of 3.02, 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 FCF Margin % for a Retail - Cyclical company?
The median FCF Margin % among Retail - Cyclical companies is 3.02, based on 1,125 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PDD Holdings's current FCF Margin % of 15.48% is 412.6% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on PDD Holdings and its competitors. For the Retail - Cyclical industry, the median FCF Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDD Holdings's current FCF Margin % is 15.48%, which is 64% below median its own 10-year median of 42.56. 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 FCF Margin % is 15.48%, which is 64% below median its 10-year median of 42.56 and 412.6% above the Retail - Cyclical industry median of 3.02. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For PDD Holdings (FRA:9PDA), the current FCF Margin % is 15.48% 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:
FCF Margin %: 15.48% (64% below median its 10-year median of 42.56)
GF Value™: €136.23 vs. price of €65.00 (52.3% below fair value)
Industry Position: 412.6% above the Retail - Cyclical median (#44 of 1125)
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
Get the complete analysis for FRA:9PDA
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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