Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). PDD Holdings's share price for the quarter that ended in Mar. 2026 was MXN1841. PDD Holdings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 1,423 Mil. Therefore, PDD Holdings's market cap for the quarter that ended in Mar. 2026 was MXN2,620,472 Mil.
PDD Holdings's quarterly market cap
declined
from Sep. 2025 (MXN3,418,997 Mil) to Dec. 2025 (MXN2,917,962 Mil) and
declined
from Dec. 2025 (MXN2,917,962 Mil) to Mar. 2026 (MXN2,620,472 Mil).
PDD Holdings's annual market cap
declined
from Dec. 2023 (MXN3,387,399 Mil) to Dec. 2024 (MXN2,842,762 Mil) but then
increased
from Dec. 2024 (MXN2,842,762 Mil) to Dec. 2025 (MXN2,917,962 Mil).
Enterprise Value is 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 and cash equivalents. PDD Holdings's Enterprise Value for Today is MXN961,402 Mil.
PDD Holdings (MEX:PDDN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
PDD Holdings Market Cap Related Terms
PDD Holdings Market Cap Historical Data
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The historical data trend for PDD Holdings's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where PDD Holdings's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
PDD Holdings's Market Cap 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.
PDD Holdings (MEX:PDDN) has a Market Cap of MXN2,057,624 Mil as of Jul. 02, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on PDD Holdings and its competitors. According to the industry distribution chart, PDD Holdings ranks #11 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 1%.
Is PDD Holdings' Market Cap too high?
PDD Holdings' current Market Cap is MXN2,057,624 Mil. Based on the distribution chart, PDD Holdings ranks #11 out of 1139 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 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDD Holdings' Market Cap compare to MELI and DASH?
According to the Retail - Cyclical industry distribution chart, PDD Holdings ranks #11 out of 1139 companies for Market Cap. This places PDD Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 142.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Retail - Cyclical company?
The median Market Cap among Retail - Cyclical companies is 142.08, based on 1,139 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on PDD Holdings and its competitors. For the Retail - Cyclical industry, the median Market Cap is 142.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDD Holdings's current Market Cap is MXN2,057,624 Mil. 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 (MEX:PDDN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,696.17, compared to a current price of MXN1,445.57 — trading 46.4% below its estimated fair value. The current Market Cap is MXN2,057,624 Mil. PDD Holdings' overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For PDD Holdings (MEX:PDDN), the current Market Cap is MXN2,057,624 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 PDD Holdings (MEX:PDDN) Overvalued in 2026?
Based on GuruFocus' analysis, PDD Holdings stock appears to be undervalued.
The current stock price of MXN1,445.57 is trading 46.4% below its estimated GF Value™ of MXN2,696.17.
GuruFocus considers PDD Holdings to be Significantly Undervalued.
Key valuation signals for MEX:PDDN:
Market Cap: MXN2,057,624 Mil
GF Value™: MXN2,696.17 vs. price of MXN1,445.57 (46.4% below fair value)
No single metric tells the full story. See the MEX:PDDN 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.
64GF Score
Get the complete analysis for MEX:PDDN
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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