Stocktoria
NetEase, Inc. 9999.HK
NetEase, Inc. statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports.
Profitability & efficiency
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
NetEase, Inc. trades at about 19.3× earnings — near its 10-year norm (10-year range 16.7×–22.6×, median 19.6×).
Shaded band = 10-year range (16.7×–22.6×); dot = today's 19.3×.
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)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 64.3% | 62.5% | 60.9% | 54.7% |
| Operating margin | 31.8% | 28.1% | 26.8% | 20.3% |
| Net margin | 30.0% | 28.2% | 28.4% | 21.1% |
| FCF margin | 43.2% | 35.6% | 30.0% | 26.0% |
| Return on assets | 15.2% | 15.2% | 15.8% | 11.8% |
| Return on equity | 21.1% | 21.4% | 23.7% | 19.4% |
| Debt / equity | — | 0.00× | 0.00× | 0.03× |
| Current ratio | 3.45 | 3.09 | 2.65 | 2.32 |
Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.