NetEase Inc (NTES) valuation against sector peers: P/E 16.4 (sector median 16.9), P/B 3.4, free-cash-flow yield 9.0%, P/S 4.9.

Ratios vs sector

Medians of Communication services companies in the same region (stocks and REITs).

Lower P/E, P/B, P/S and EV/EBIT mean cheaper; higher yields, returns and margins mean more for the price. Negative multiples (losses) are left out of the medians.

Metric	NTES	Sector median	vs median
P/E	16.4	16.9 · n=16	near the median
P/B	3.4	1.4 · n=19	141% above
P/S	4.9	1.3 · n=22	285% above
EV/EBIT	—	19.6 · n=14	—
Free-cash-flow yield	9.0%	7.4% · n=21	22% above
Dividend yield	2.26%	2.23% · n=61	near the median
Return on equity	22.6%	8.7% · n=25	159% above
Return on invested capital	—	7.6% · n=25	—
Gross margin	64.3%	55.4% · n=23	16% above
Net debt / EBITDA	—	2.01 · n=24	—

Lower P/E, P/B, P/S and EV/EBIT mean cheaper; higher yields, returns and margins mean more for the price. Negative multiples (losses) are left out of the medians.

Sector peers

The largest companies of the same sector and region.

Instrument	P/E	P/B	EV/EBIT	Free-cash-flow yield	Dividend yield	Smart Score
SPOTSpotify Technology SA	50.6	13.4	47.3	2.6%	0.0%	4/10
BCEBCE Inc.	4.5	1.2	—	11.7%	5.9%	2/10
RC RCIRogers Communication Inc.	3.7	1.4	7.3	8.6%	3.3%	3/10
TI TIGOMillicom International Cellular S.A.	11.1	4.0	12.2	7.4%	4.9%	7/10
TU TUTelus Corporation	17.5	1.2	20.8	11.0%	8.3%	1/10
PS PSOPearson Plc	24.3	2.2	18.4	—	2.0%	9/10
WP WPPWPP plc	—	1.8	18.1	14.2%	3.6%	—/10
JOYYJOYY	2.1	0.7	60.9	3.7%	6.6%	5/10
LI LIONLionsgate Studios Corp	—	—	27.7	3.5%	0.0%	1/10
LB LBTYBLiberty Global Ltd.	—	0.4	—	−0.7%	0.0%	1/10

Fiscal-year history

From annual SEC filings; each bar is a fiscal year, labelled by the year it ended.

Filings: U.S. SEC EDGAR · ratios computed by AI-Stock Invest from public filings and end-of-day prices · latest period 31 Dec 2025 · filed 15 Apr 2026

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