Bilibili
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
123.651.283.29
Price/Sales ratio
0.330.290.24
Earnings per Share (EPS)
$0.20$19.49$7.56

Historical Multiples (2015 – 2023)

2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-46.54-29.65-27.83-42.37-32.12-63.32-16.44-7.52-7.40-7.50-37.24
Price/Sales ratio
132.0151.562.075.666.1716.115.772.581.582.5611.14
Price/Book Value ratio
20.3317.542.463.365.9325.445.153.702.473.6915.69
Price/Cash Flow ratio
-90.10-135.6311.0031.70215.24256.80-42.30-14.44133.86-168.39236.02
Price/Free Cash Flow ratio
-51.35-55.37-30.76-39.19-30.55-130.15-17.67-8.49-33.55-33.37-80.35
Price/Earnings Growth ratio
N/A-0.43N/A4.28-0.45-0.53-0.15-0.350.160.661.91
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
-131.73%-47.67%22.24%20.71%17.56%23.67%20.85%17.57%24.15%17.57%19.13%
Operating Profit Margin
-281.59%-170.97%-9.08%-17.65%-22.05%-26.17%-33.16%-38.16%-22.47%-38.16%-24.11%
Pretax Profit Margin
-283.26%-173.57%-7.08%-13.05%-18.70%-25.00%-34.63%-33.80%-21.00%-33.80%-21.85%
Net Profit Margin
-283.65%-173.90%-7.44%-13.36%-19.23%-25.45%-35.12%-34.28%-21.40%-34.23%-22.34%
Effective Tax Rate
-0.65%-0.34%-5.07%-4.82%-2.82%-1.77%-1.41%-1.40%-1.66%-1.40%-3.82%
Return on Assets
-32.11%-42.00%-5.29%-5.25%-8.40%-12.79%-13.08%-17.94%-14.54%-17.92%-10.59%
Return On Equity
-43.69%-59.16%-8.85%-7.93%-18.48%-40.18%-31.37%-49.26%-33.50%-43.35%-29.33%
Return on Capital Employed
-43.46%-58.15%-10.80%-10.13%-13.29%-19.06%-16.07%-33.78%-33.63%-33.78%-16.18%
Liquidity Ratios
Current Ratio
N/AN/AN/A1.982.412.12N/AN/AN/A1.432.27
Quick Ratio
2.762.211.531.962.392.102.981.401.021.222.25
Cash ratio
2.230.610.541.071.160.630.620.590.390.590.89
Days of Sales Outstanding
79.9789.7473.4838.4759.1442.9665.9650.4740.6022.1451.05
Days of Inventory outstanding
1.353.161.896.134.566.3710.848.843.98N/A5.47
Operating Cycle
81.3292.9075.3844.6163.7149.3476.8159.3244.585.4656.52
Days of Payables Outstanding
147.60149.65115.90146.84126.06125.04107.0886.7899.1986.78125.55
Cash Conversion Cycle
-66.28-56.74-40.52-102.22-62.35-75.69-30.27-27.46-54.60-64.64-69.02
Debt Ratios
Debt Ratio
0.00N/AN/AN/A0.220.350.360.360.220.630.42
Debt Equity Ratio
0.01N/AN/AN/A0.481.110.871.000.511.741.11
Long-term Debt to Capitalization
N/AN/AN/AN/A0.320.520.450.360.000.360.34
Total Debt to Capitalization
0.01N/AN/AN/A0.320.520.460.500.340.500.41
Interest Coverage Ratio
N/AN/AN/AN/A-32.12-28.93N/AN/AN/A-33.30-30.53
Cash Flow to Debt Ratio
-19.19N/AN/AN/A0.050.08-0.13-0.250.03-0.020.07
Company Equity Multiplier
1.361.401.671.502.203.142.392.742.302.741.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-1.46-0.380.180.170.020.06-0.13-0.170.01-0.010.04
Free Cash Flow / Operating Cash Flow Ratio
1.752.44-0.35-0.80-7.04-1.972.391.70-3.985.04-3.92
Cash Flow Coverage Ratio
-19.19N/AN/AN/A0.050.08-0.13-0.250.03-0.020.07
Short Term Coverage Ratio
-19.19N/AN/AN/AN/A7.53-2.14-0.590.03-0.053.76
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A