Net margin is calculated as Net Income divided by its Revenue. KE Holdings's Net Income for the
three
months ended in Mar. 2026 was $182 Mil. KE Holdings's Revenue for the
three
months ended in Mar. 2026 was $2,741 Mil. Therefore, KE Holdings's net margin for the quarter that ended in Mar. 2026 was 6.65%.
The historical rank and industry rank for KE Holdings's Net Margin % or its related term are showing as below:
BEKE'
s Net Margin % Range Over the Past 10 Years
Min: -4.75 Med: -0.65 Max: 7.56
Current: 3.77
BEKE's Net Margin % is ranked worse than 60.63% of 1755
companies
in the Real Estate industry
Industry Median: 8.03
vs BEKE: 3.77
KE Holdings (NYSE:BEKE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
KE Holdings Net Margin % Related Terms
KE Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for KE Holdings's Net 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.
For the Real Estate Services subindustry, KE Holdings's Net Margin %, along with its competitors' market caps and Net 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.
KE Holdings Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, KE Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where KE Holdings's Net 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.
KE Holdings (BEKE) has a Net Margin % of 6.65% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on KE Holdings and its competitors. According to the industry distribution chart, KE Holdings ranks #1064 out of 1755 companies in the Real Estate industry, placing it in the top 60.6%.
Is KE Holdings' Net Margin % too high?
KE Holdings' current Net Margin % is 6.65%. The Real Estate industry median Net Margin % is 8.03. KE Holdings' value of 6.65% is 17.2% below this industry median. Based on the distribution chart, KE Holdings ranks #1064 out of 1755 companies in the Real Estate industry, which is below the industry midpoint. Overall, KE Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KE Holdings' Net Margin % compare to CSGP and JLL?
According to the Real Estate industry distribution chart, KE Holdings ranks #1064 out of 1755 companies for Net Margin %. This places KE Holdings in the lower half of its industry. The industry median Net Margin % is 8.03. KE Holdings' value of 6.65% is 17.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Real Estate company?
The median Net Margin % among Real Estate companies is 8.03, based on 1,755 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KE Holdings's current Net Margin % of 6.65% is 17.2% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on KE Holdings and its competitors. For the Real Estate industry, the median Net Margin % is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KE Holdings's current Net Margin % is 6.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KE Holdings stock overvalued right now?
Based on GuruFocus' analysis, KE Holdings (BEKE) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.74, compared to a current price of $14.33 — trading 23.5% below its estimated fair value. The current Net Margin % is 6.65% and 17.2% below the Real Estate industry median of 8.03. KE Holdings' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For KE Holdings (BEKE), the current Net Margin % is 6.65% 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 KE Holdings (BEKE) Overvalued in 2026?
Based on GuruFocus' analysis, KE Holdings stock appears to be undervalued.
The current stock price of $14.33 is trading 23.5% below its estimated GF Value™ of $18.74.
GuruFocus considers KE Holdings to be Modestly Undervalued.
Key valuation signals for BEKE:
Net Margin %: 6.65%
GF Value™: $18.74 vs. price of $14.33 (23.5% below fair value)
Industry Position: 17.2% below the Real Estate median (#1064 of 1755)
No single metric tells the full story. See the BEKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies, including franchise brand Deyou in other cities, with commissions charged on existing-home and new-home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As of the end of 2025, Beike's co-founders collectively control the company, while Tencent and its affiliates share 8% of voting power.
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