KE Holdings (HKSE:02423) OCF Margin %: -7.79% (As of Mar. 2026)


HKSE:02423 KE Holdings Inc HKSE:02423
81 GF Score
Price HK$35.94
GF Value HK$47.10
Valuation Modestly Undervalued
! 5 Warning Signs
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What is KE Holdings OCF Margin %?

KE Holdings HKSE:02423 -4.26% 81 OCF Margin % is -7.79% as of Mar. 2026. GuruFocus rates HKSE:02423 with a GF Score™ of 81/100 and a GF Value™ of HK$47.10 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,754 Real Estate companies, KE Holdings ranks worse than 63.17% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. KE Holdings's Cash Flow from Operations for the three months ended in Mar. 2026 was HK$-1,671 Mil. KE Holdings's Revenue for the three months ended in Mar. 2026 was HK$21,454 Mil. Therefore, KE Holdings's OCF Margin % for the quarter that ended in Mar. 2026 was -7.79%.

As of today, KE Holdings's current OCF Yield % is 1.90%.

The historical rank and industry rank for KE Holdings's OCF Margin % or its related term are showing as below:

HKSE:02423' s OCF Margin % Range Over the Past 10 Years
Min: -25.31   Med: 10.11   Max: 14.68
Current: 2.28


During the past 9 years, the highest OCF Margin % of KE Holdings was 14.68%. The lowest was -25.31%. And the median was 10.11%.

HKSE:02423's OCF Margin % is ranked worse than
63.17% of 1754 companies
in the Real Estate industry
Industry Median: 10.335 vs HKSE:02423: 2.28


KE Holdings OCF Margin % Related Terms


KE Holdings OCF Margin % Historical Data

* Premium members only.

The historical data trend for KE Holdings's OCF 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.

KE Holdings OCF Margin % Chart

KE Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only 4.45 14.04 14.68 10.11 -0.40

KE Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.00 3.18 3.69 8.62 -7.79

HKSE:02423 vs CSGP, JLL, COMP: OCF Margin % Comparison

For the Real Estate Services subindustry, KE Holdings's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, KE Holdings's OCF Margin % distribution charts can be found below:

* The bar in red indicates where KE Holdings's OCF Margin % falls into.


HKSE:02423
81GF Score
KE Holdings Inc HKSE:02423
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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KE Holdings OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

KE Holdings's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-415.564/104485.129
=-0.40 %

KE Holdings's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1670.839/21454.089
=-7.79 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of -7.79% mean?
KE Holdings (HKSE:02423) has a OCF Margin % of -7.79% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on KE Holdings and its competitors. According to the industry distribution chart, KE Holdings ranks #1108 out of 1754 companies in the Real Estate industry, placing it in the top 63.2%.
Is KE Holdings' OCF Margin % too high?
KE Holdings' current OCF Margin % is -7.79%. Based on the distribution chart, KE Holdings ranks #1108 out of 1754 companies in the Real Estate industry, which is below the industry midpoint. Overall, KE Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KE Holdings' OCF Margin % compare to CSGP and JLL?
According to the Real Estate industry distribution chart, KE Holdings ranks #1108 out of 1754 companies for OCF Margin %. This places KE Holdings in the lower half of its industry. The industry median OCF Margin % is 10.34. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Real Estate company?
The median OCF Margin % among Real Estate companies is 10.34, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on KE Holdings and its competitors. For the Real Estate industry, the median OCF Margin % is 10.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KE Holdings's current OCF Margin % is -7.79%. 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 (HKSE:02423) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$47.10, compared to a current price of HK$35.94 — trading 23.7% below its estimated fair value. The current OCF Margin % is -7.79%. KE Holdings' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For KE Holdings (HKSE:02423), the current OCF Margin % is -7.79% 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 (HKSE:02423) Overvalued in 2026?

Based on GuruFocus' analysis, KE Holdings stock appears to be undervalued. The current stock price of HK$35.94 is trading 23.7% below its estimated GF Value™ of HK$47.10. GuruFocus considers KE Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:02423:

  • OCF Margin %: -7.79%
  • GF Value™: HK$47.10 vs. price of HK$35.94 (23.7% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the HKSE:02423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KE Holdings Business Description

Other Exchanges BEKE:USAKE8A:Germany
Address No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086
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.
81GF Score

Get the complete analysis for HKSE:02423

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$35.94
Price
HK$47.10
GF Value