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Alibaba Group Holding Limited 9988.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Consumer Cyclical · website

Alibaba Group Holding Limited statistics & valuation

Market capCN¥2.29T
P / E22.1×
P / S2.2×
P / B2.2×
Dividend yield1.47%
Net margin10.1%
Return on equity9.8%
FCF margin-5.0%
Net debtCN¥150.2B
Enterprise value USD$320.3B
Earnings yield EBIT/EV2.4%
Return on capital4.2%
Graham number -32.1%CN¥82.74

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥82.74); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.40% 8.50% 13.10% 10.10% 2023202420252026
Gross margin (%)
36.70% 37.70% 40.00% 39.80% 2023202420252026
Operating margin (%)
11.90% 13.20% 14.80% 5.80% 2023202420252026
Return on equity (%)
7.40% 8.10% 12.90% 9.80% 2023202420252026
Shares outstanding
19.17B 19.17B 19.17B 19.17B 2023202420252026
Net debt (CN¥)
CN¥2.48B -CN¥42.51B CN¥102.62B CN¥150.19B 2023202420252026
Share buybacks (CN¥)
CN¥74.75B CN¥88.75B CN¥86.66B CN¥7.64B 2023202420252026
Return on assets (%)
4.20% 4.50% 7.20% 5.40% 2023202420252026
Free cash flow margin (%)
19.00% 15.90% 7.80% -5.00% 2023202420252026
Debt / equity (×)
0.20× 0.21× 0.25× 0.27× 2023202420252026
EPS (CN¥)
CN¥3.43 CN¥3.91 CN¥6.70 CN¥5.50 2023202420252026

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

Alibaba Group Holding Limited trades at about 22.2× earnings — near its 10-year norm (10-year range 17.5×–23.9×, median 22.9×).

17.5× 23.9×

Shaded band = 10-year range (17.5×–23.9×); dot = today's 22.2×.

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)

RatioFY2026FY2025FY2024FY2023
Gross margin39.8%40.0%37.7%36.7%
Operating margin5.8%14.8%13.2%11.9%
Net margin10.1%13.1%8.5%8.4%
FCF margin-5.0%7.8%15.9%19.0%
Return on assets5.4%7.2%4.5%4.2%
Return on equity9.8%12.9%8.1%7.4%
Debt / equity0.22×0.21×0.14×0.15×
Current ratio1.281.551.791.81

Computed from company filings · HK · as of 2026-03-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.