PDD P/B: current value, 10-year range and year-by-year history
Cash & Leverage
PDD's p/b is lower than 95% of the last 10 years.
P/B History
PDD P/B by year
Yearly range of PDD’s p/b from 2018 to 2026. Over the full period it ranged from 1.7 to 49.2, averaging 9.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 1.7 | 2.3 | 3.1 | 1.8 |
| 2025 | 2.8 | 3.5 | 4.5 | 2.8 |
| 2024 | 3.3 | 5.9 | 8.5 | 3.3 |
| 2023 | 4.9 | 6.8 | 9.7 | 9.4 |
| 2022 | 3.1 | 6.2 | 8.6 | 7.6 |
| 2021 | 7.0 | 15.7 | 26.4 | 7.0 |
| 2020 | 10.6 | 23.0 | 49.2 | 23.4 |
| 2019 | 6.0 | 9.5 | 13.7 | 12.4 |
| 2018 | 5.3 | 11.1 | 24.2 | 9.1 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is PDD P/B High or Low Right Now?
PDD Holdings Inc.'s P/B is currently 1.8, which is near historic low relative to its 10-year historical range. The 10-year median P/B for PDD is approximately 6.9. See all PDD valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.