NTES P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NTES's p/e ratio is lower than 83% of the last 10 years.
P/E ratio History
NTES P/E ratio by year
Yearly range of NTES’s p/e ratio from 2016 to 2026. Over the full period it ranged from 12.1 to 47.3, averaging 22.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 14.2 | 16.2 | 19.8 | 16.0 |
| 2025 | 13.3 | 17.2 | 21.3 | 18.4 |
| 2024 | 12.3 | 15.0 | 18.0 | 14.2 |
| 2023 | 15.2 | 18.7 | 20.6 | 16.1 |
| 2022 | 12.1 | 21.2 | 28.3 | 15.0 |
| 2021 | 25.8 | 37.0 | 47.3 | 25.8 |
| 2020 | 19.6 | 26.2 | 34.5 | 34.5 |
| 2019 | 17.7 | 22.6 | 27.5 | 22.0 |
| 2018 | 22.8 | 29.9 | 36.5 | 25.3 |
| 2017 | 16.7 | 20.1 | 25.2 | 23.4 |
| 2016 | 18.8 | 21.4 | 24.3 | 19.0 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is NTES P/E ratio High or Low Right Now?
NetEase, Inc.'s P/E ratio is currently 16.0, which is historically cheap relative to its 10-year historical range. The 10-year median P/E ratio for NTES is approximately 20.8. See all NTES valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.