VNET Group, Inc. (VNET) stock

VNETNasdaqServices-Computer Programming, Data Processing, Etc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026Score 1/30

$3.09−0.40 (-11.46%)

Close on Nov 12, 2026Market cap $835.81MP/E –Yield –

VNET statistics

71 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: No dividends
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: CN¥5.58B; CN¥1.11B
Enterprise Value: CN¥3.54B; CN¥187.06M
PB Ratio: 0.90; 0.72
P/TBV Ratio: 1.32; 0.78
P/OCF Ratio: 2.91; 5.66

Enterprise valuationIndustry

EV / EBITDA: 1.22; 8.83
EV / EBIT: 4.54; 4.62

Share statisticsIndustry

Shares Outstanding: 1.62B; 814M
Shares Change (YoY): -7.47%; 0.57%
Shares Held by Institutions: 9.77%; 2.13%

Short sellingIndustry

Short Interest: 46M; –
Short Interest Change: -4.05%; -0.01%
Days to Cover: 6.88; 3.46

Stock price statisticsIndustry

Price Change (1 Week): -1.90%; -1.55%
Price Change (1 Month): -31.2%; -6.58%
Price Change (3 Months): -59.3%; -22.6%
Price Change (6 Months): -70.4%; -31.6%
Price Change (YTD): -63.5%; -38.7%
Price Change (1 Year): -68.4%; -41.3%
Price Change (3 Years): -15.6%; -19.3%
Price Change (5 Years): -82.8%; -78.1%
Price Change (10 Years): -58.4%; -2.23%
Average Volume (10 Days): 7M; –
Average Volume (20 Days): 7M; –
Average Volume (90 Days): 5M; –
Relative Volume: 1.43; 0.79
Relative Strength Index (14): 37.1; 40.7
Volatility (1 Year): 83.2%; 70.1%
Beta (5 Years): 1.15; 0.91

Returns on capitalIndustry

Return on Equity (ROE): -4.00%; 0.66%
Return on Assets (ROA): -0.65%; 0.16%
Return on Invested Capital (ROIC): 7.48%; -2.94%
Return on Capital Employed (ROCE): 2.43%; -1.59%

Financial positionIndustry

Current Ratio: 0.92; 1.76
Quick Ratio: 0.47; 1.10
Debt / Equity: 0.52; 0.24
Debt / EBITDA: 1.11; 3.73
Net Debt / EBITDA: -0.92; -2.61
Interest Coverage: 1.30; -1.55

GrowthIndustry

Net Income Growth (YoY): -237.5%; -22.7%
EPS Growth (YoY): -900.0%; -18.9%

EfficiencyIndustry

Profits Per Employee: -CN¥90.46K; CN¥6.72K
Employee Count: 2,784; 829
WACC: 10.3%; 9.04%

Income statement (TTM)Industry

Gross Profit: CN¥2.19B; CN¥727.69M
Operating Income: CN¥780.30M; -CN¥38.65M
Pretax Income: CN¥424.09M; CN¥6.00M
Net Income: -CN¥251.84M; CN¥1.13M
EBITDA: CN¥2.91B; CN¥706.00K
EPS (Diluted): -0.16 CNY; 0.00 CNY

Balance sheetIndustry

Cash & Short-Term Investments: CN¥5.90B; CN¥1.52B
Total Debt: CN¥3.23B; CN¥130.47M
Net Cash (Debt): CN¥2.67B; CN¥683.87M
Net Cash Per Share: 1.65 CNY; 1.84 CNY
Equity (Book Value): CN¥6.22B; CN¥1.61B
Book Value Per Share: 3.83 CNY; 14.10 CNY
Tangible Book Value: CN¥4.21B; CN¥1.41B
Working Capital: -CN¥995.35M; CN¥700.54M

Cash flow (TTM)Industry

Operating Cash Flow: CN¥1.92B; CN¥35.46M
Capital Expenditures: -CN¥7.66B; -CN¥35.72M
Free Cash Flow: -CN¥5.74B; -CN¥40.59M
FCF Per Share: -3.54 CNY; -0.02 CNY

Dividends and yieldsIndustry

Earnings Yield: -4.51%; 0.18%
FCF Yield: -102.8%; -5.07%
Buyback Yield: 0.31%; 0.60%
Shareholder Yield: 0.31%; 0.60%

Taxes and interestIndustry

Interest Expense: CN¥598.63M; CN¥62.60M
Income Tax: CN¥557.51M; CN¥6.73M
Effective Tax Rate: 131.5%; 17.2%

Scores and fair valueIndustry

Altman Z-Score: -0.23; 0.61
Piotroski F-Score: 5; 5

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	VNET	S&P 500	Difference	VNET per year	S&P 500 per year
1 month	-41.9%	-2.7%	−39.2 pts
3 months	-58.4%	-1.7%	−56.6 pts
Year to date	-63.5%	+11.9%	−75.4 pts
1 year	-65.6%	+12.0%	−77.5 pts
3 years	-16.5%	+78.2%	−94.7 pts	-5.8%	+21.2%
5 years	-82.8%	+73.2%	−156.0 pts	-29.7%	+11.6%
10 years	-58.4%	+309.6%	−368.1 pts	-8.4%	+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.

46M VNET shares were sold short on Oct 30, 2026, down 4.0% from the previous report. At recent volumes it would take 6.9 days to buy them back. Over the last 20 sessions, 43.5% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	46,026,467	-4.0%	6,685,713	6.9
Oct 15, 2026	47,966,889	+8.9%	5,629,680	8.5
Sep 30, 2026	44,027,107	+11.3%	4,644,558	9.5
Sep 15, 2026	39,568,859	+0.0%	3,190,130	12.4
Aug 31, 2026	39,560,058	+3.2%	6,496,213	6.1
Aug 14, 2026	38,349,925	+4.1%	3,147,363	12.2
Jul 31, 2026	36,843,771	-13.5%	4,213,951	8.7
Jul 15, 2026	42,577,426	+12.4%	4,576,182	9.3
Jun 30, 2026	37,874,609	-1.2%	4,640,322	8.2
Jun 15, 2026	38,342,506	-5.3%	6,736,006	5.7
May 29, 2026	40,479,734	+5.7%	9,625,482	4.2
May 15, 2026	38,295,274	+10.7%	13,142,423	2.9

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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