Stocktoria

Baidu, Inc. 9888.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Communication Services · website

Baidu, Inc. statistics & valuation

Market capCN¥298.3B
P / E53.4×
P / S2.3×
P / B1.1×
Net margin4.3%
FCF margin-12.7%
Net debtCN¥72.5B
Enterprise value USD$41.4B

Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
2022202320242025
Gross margin (%)
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Operating margin (%)
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Return on equity (%)
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Shares outstanding
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Net debt (CN¥)
2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
2022202320242025
Free cash flow margin (%)
2022202320242025
Debt / equity (×)
2022202320242025
EPS (CN¥)
2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Baidu, Inc. trades at about 74.6× earnings — above its 10-year norm (10-year range 10.7×–103.9×, median 53.4×).

10.7× 103.9×

Shaded band = 10-year range (10.7×–103.9×); dot = today's 74.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin43.9%50.3%51.7%48.3%
Operating margin8.0%16.0%16.2%12.9%
Net margin4.3%17.8%15.1%6.1%
FCF margin-12.7%9.7%18.8%14.4%
Return on assets1.2%5.6%5.0%1.9%
Return on equity2.1%9.0%8.3%3.4%
Debt / equity0.23×0.20×0.24×0.28×
Current ratio1.762.093.012.67

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.