The historical rank and industry rank for NetEase Cloud Music's Net Margin % or its related term are showing as below:
HKSE:09899'
s Net Margin % Range Over the Past 10 Years
Min: -174.75 Med: -15.92 Max: 35.42
Current: 35.35
HKSE:09899's Net Margin % is ranked better than 92.93% of 552
companies
in the Interactive Media industry
Industry Median: 1.655
vs HKSE:09899: 35.35
NetEase Cloud Music (HKSE:09899) 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.
NetEase Cloud Music Net Margin % Related Terms
NetEase Cloud Music Net Margin % Historical Data
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The historical data trend for NetEase Cloud Music'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.
HKSE:09899 vs GOOGL, META, SPOT: Net Margin % Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music'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.
NetEase Cloud Music Net Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Net Margin % distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music'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.
NetEase Cloud Music (HKSE:09899) has a Net Margin % of 21.94% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on NetEase Cloud Music and its competitors. According to the industry distribution chart, NetEase Cloud Music ranks #39 out of 552 companies in the Interactive Media industry, placing it in the top 7.1%.
Is NetEase Cloud Music's Net Margin % too high?
NetEase Cloud Music's current Net Margin % is 21.94%. The Interactive Media industry median Net Margin % is 1.66. NetEase Cloud Music's value of 21.94% is 1225.7% above this industry median. Based on the distribution chart, NetEase Cloud Music ranks #39 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase Cloud Music has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Net Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #39 out of 552 companies for Net Margin %. This places NetEase Cloud Music in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.66. NetEase Cloud Music's value of 21.94% is 1225.7% above 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 an Interactive Media company?
The median Net Margin % among Interactive Media companies is 1.66, based on 552 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. NetEase Cloud Music's current Net Margin % of 21.94% is 1225.7% 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 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 NetEase Cloud Music and its competitors. For the Interactive Media industry, the median Net Margin % is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current Net Margin % is 21.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Fairly Valued. The stock's GF Value™ is HK$106.86, compared to a current price of HK$102.90 — trading 3.7% below its estimated fair value. The current Net Margin % is 21.94% and 1225.7% above the Interactive Media industry median of 1.66. NetEase Cloud Music's overall GF Score™ is 74/100 with 3 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 NetEase Cloud Music (HKSE:09899), the current Net Margin % is 21.94% as of Dec. 2025. 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 NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be undervalued.
The current stock price of HK$102.90 is trading 3.7% below its estimated GF Value™ of HK$106.86.
GuruFocus considers NetEase Cloud Music to be Fairly Valued.
Key valuation signals for HKSE:09899:
Net Margin %: 21.94%
GF Value™: HK$106.86 vs. price of HK$102.90 (3.7% below fair value)
Industry Position: 1225.7% above the Interactive Media median (#39 of 552)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
74GF Score
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