NetEase, Inc. (NTES) stock

NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 8/30

$122.17−0.45 (-0.37%)

Close on Nov 13, 2026Market cap $78.00BP/E 15.6Yield –

NetEase statistics

84 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: Sep 3, 2026
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: CN¥520.72B; CN¥1.17B
Enterprise Value: CN¥455.47B; CN¥124.60M
PE Ratio: 15.57; 12.42
PS Ratio: 4.62; 0.99
PB Ratio: 3.25; 0.72
P/TBV Ratio: 3.29; 0.79
P/FCF Ratio: 10.48; 7.21
P/OCF Ratio: 10.26; 5.68

Enterprise valuationIndustry

EV / Sales: 4.04; 0.74
EV / EBITDA: 11.96; 8.91
EV / EBIT: 12.71; 4.64
EV / FCF: 9.17; 0.23

Share statisticsIndustry

Shares Outstanding: 3.19B; 814M
Shares Change (YoY): -0.38%; 0.57%
Float: 1.79B; 629M
Shares Held by Insiders: 44.1%; 18.0%
Shares Held by Institutions: 1.83%; 2.13%

Short sellingIndustry

Short Interest: 3M; –
Short Interest Change: 32.0%; -0.01%
Days to Cover: 4.05; 3.46

Stock price statisticsIndustry

Price Change (1 Week): -5.62%; -3.27%
Price Change (1 Month): -3.88%; -7.34%
Price Change (3 Months): -1.79%; -18.5%
Price Change (6 Months): 7.76%; -28.8%
Price Change (YTD): -11.2%; -36.4%
Price Change (1 Year): -14.2%; -40.2%
Price Change (3 Years): 6.91%; -19.2%
Price Change (5 Years): 9.92%; -78.3%
Price Change (10 Years): 180.3%; 0.78%
Average Volume (10 Days): 1M; –
Average Volume (20 Days): 905,354; –
Average Volume (90 Days): 792,161; –
Relative Volume: 0.83; 0.60
Relative Strength Index (14): 51.0; 40.9
Volatility (1 Year): 33.9%; 70.1%
Beta (5 Years): 0.60; 0.91

MarginsIndustry

Gross Margin: 64.3%; 33.5%
Operating Margin: 31.8%; -3.51%
Pretax Margin: 36.3%; 0.71%
EBITDA Margin: 33.8%; -0.11%
FCF Margin: 44.1%; -1.56%

Returns on capitalIndustry

Return on Invested Capital (ROIC): 36.5%; -2.94%
Return on Capital Employed (ROCE): 21.2%; -1.59%

Financial positionIndustry

Current Ratio: 3.45; 1.76
Quick Ratio: 1.44; 1.10

GrowthIndustry

Revenue Growth (YoY): 6.96%; 3.30%
EPS Growth (YoY): 14.0%; -18.9%
FCF Growth (YoY): 29.4%; 2.88%
Revenue Growth (3Y CAGR): 5.29%; 5.29%
Revenue Growth (5Y CAGR): 8.86%; 3.56%
EPS Growth (3Y CAGR): 19.3%; 18.2%
EPS Growth (5Y CAGR): 23.8%; –

EfficiencyIndustry

Asset Turnover: 0.54; 0.56
Inventory Turnover: 63.81; 38.57
Revenue Per Employee: CN¥7.01M; CN¥1.55M
Employee Count: 16,074; 829
WACC: 8.12%; 9.25%

Income statement (TTM)Industry

Revenue: CN¥112.63B; CN¥1.45B
Gross Profit: CN¥72.40B; CN¥727.69M
Operating Income: CN¥35.83B; -CN¥38.65M
Pretax Income: CN¥40.83B; CN¥6.00M
EBITDA: CN¥38.08B; CN¥706.00K
EPS (Diluted): 10.48 CNY; 0.00 CNY

Balance sheetIndustry

Cash & Short-Term Investments: CN¥69.97B; CN¥1.52B
Net Cash (Debt): CN¥69.97B; CN¥683.87M
Net Cash Per Share: 21.92 CNY; 1.84 CNY
Equity (Book Value): CN¥160.30B; CN¥1.61B
Book Value Per Share: 50.22 CNY; 14.10 CNY
Tangible Book Value: CN¥158.44B; CN¥1.41B
Working Capital: CN¥128.25B; CN¥700.54M

Cash flow (TTM)Industry

Operating Cash Flow: CN¥50.74B; CN¥35.46M
Capital Expenditures: -CN¥1.07B; -CN¥35.72M
Free Cash Flow: CN¥49.67B; -CN¥40.59M
FCF Per Share: 15.56 CNY; -0.02 CNY

Dividends and yieldsIndustry

FCF Yield: 9.54%; -5.18%
FCF Payout Ratio: 27.8%; 29.8%

Taxes and interestIndustry

Income Tax: CN¥6.03B; CN¥6.73M
Effective Tax Rate: 14.8%; 17.2%

Scores and fair valueIndustry

Graham Number: 108.82 CNY; 40.42 CNY
Graham Upside: -33.3%; 24.6%
Altman Z-Score: 8.23; 0.60
Beneish M-Score: -2.90; -2.35
Lynch Fair Value: 249.70 CNY; –
Lynch Upside: 53.1%; 81.0%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	NTES	S&P 500	Difference	NTES per year	S&P 500 per year
1 month	-2.1%	-3.0%	+1.0 pts
3 months	+0.0%	-2.8%	+2.8 pts
Year to date	-9.4%	+11.5%	−20.9 pts
1 year	-11.8%	+13.5%	−25.2 pts
3 years	+14.5%	+77.7%	−63.2 pts	+4.6%	+21.1%
5 years	+22.6%	+72.6%	−50.0 pts	+4.2%	+11.5%
10 years	+212.4%	+308.2%	−95.8 pts	+12.1%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

3M NTES shares were sold short on Oct 30, 2026, up 32.0% from the previous report. At recent volumes it would take 4.0 days to buy them back. Over the last 20 sessions, 62.1% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	2,865,475	+32.0%	707,493	4.0
Oct 15, 2026	2,171,025	-27.4%	604,460	3.6
Sep 30, 2026	2,989,225	-0.1%	585,765	5.1
Sep 15, 2026	2,993,550	+12.4%	705,316	4.2
Aug 31, 2026	2,662,671	-20.2%	873,591	3.0
Aug 14, 2026	3,338,421	+30.5%	737,795	4.5
Jul 31, 2026	2,558,019	+0.1%	838,135	3.0
Jul 15, 2026	2,556,355	-1.8%	1,058,425	2.4
Jun 30, 2026	2,604,375	-20.4%	1,081,868	2.4
Jun 15, 2026	3,273,873	+5.7%	841,666	3.9
May 29, 2026	3,097,074	+8.9%	1,560,449	2.0
May 15, 2026	2,843,185	-10.9%	760,291	3.7