KE Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
0.440.311.59
Price/Sales ratio
0.220.200.19
Earnings per Share (EPS)
$40.04$57.79$11.23

Historical Multiples (2017 – 2023)

2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-350.09-629.13-136.69107.28-288.12-81.9823.5237.4672.37
Price/Sales ratio
7.8810.276.474.221.871.881.772.103.16
Price/Book Value ratio
16.2519.829.474.462.251.661.912.203.36
Price/Cash Flow ratio
-31.1491.492.64K31.8242.0513.5312.4025.6436.94
Price/Free Cash Flow ratio
-28.60110.07-504.7835.1669.8314.9313.4531.3152.49
Price/Earnings Growth ratio
N/A15.18-0.37-0.362.57-0.49-0.040.02-0.37
Dividend Yield
0.06%N/AN/A0.01%0.05%0.04%1.03%0.26%0.13%
Profitability Indicator Ratios
Gross Profit Margin
18.69%23.98%24.48%23.92%19.59%22.71%27.92%20.37%21.75%
Operating Profit Margin
-2.99%-4.25%-2.21%2.52%-0.75%-1.95%6.16%3.33%0.15%
Pretax Profit Margin
-0.54%-1.74%-2.77%6.22%1.41%0.48%10.13%7.78%1.72%
Net Profit Margin
-2.25%-1.63%-4.73%3.94%-0.64%-2.30%7.56%5.37%-0.39%
Effective Tax Rate
-288.62%14.30%-70.88%36.67%146.00%578.04%25.29%30.73%91.33%
Return on Assets
-1.81%-1.20%-3.24%2.66%-0.52%-1.27%4.88%3.38%-0.28%
Return On Equity
-4.64%-3.15%-6.93%4.16%-0.78%-2.02%8.15%5.88%-1.38%
Return on Capital Employed
-4.91%-6.65%-2.58%2.51%-0.85%-1.55%5.93%3.24%-0.03%
Liquidity Ratios
Current Ratio
N/AN/AN/A2.60N/AN/AN/A1.611.30
Quick Ratio
1.111.101.442.212.102.101.751.612.16
Cash ratio
0.320.440.871.210.700.580.490.220.96
Days of Sales Outstanding
38.1942.7464.1968.2742.1425.0414.9048.1258.20
Days of Inventory outstanding
108.0277.56122.2088.2750.800.991.98N/A69.53
Operating Cycle
146.22120.31186.40156.5592.9426.0316.8848.12124.75
Days of Payables Outstanding
6.3223.6542.3643.8532.2645.4840.6937.8538.05
Cash Conversion Cycle
139.8996.65144.03112.6960.68-19.44-23.8110.2786.69
Debt Ratios
Debt Ratio
0.040.030.110.010.000.000.000.000.00
Debt Equity Ratio
0.110.080.250.020.000.000.000.000.01
Long-term Debt to Capitalization
N/A0.000.130.00N/AN/AN/AN/A0.00
Total Debt to Capitalization
0.100.070.200.020.000.000.000.000.01
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A91.6745.83
Cash Flow to Debt Ratio
-4.682.560.016.127.9113.6638.4119.813.07
Company Equity Multiplier
2.552.612.131.561.491.581.661.731.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.250.110.000.130.040.130.140.070.08
Free Cash Flow / Operating Cash Flow Ratio
1.080.83-5.240.900.600.900.920.850.75
Cash Flow Coverage Ratio
-4.682.560.016.127.9113.6638.4119.813.07
Short Term Coverage Ratio
-4.682.810.036.187.9113.6638.4119.813.11
Dividend Payout Ratio
-22.14%N/AN/A1.39%-14.60%-3.99%24.23%34.28%17.83%