PDD Holdings Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It owns and operates a portfolio of businesses, including Temu, an e-commerce marketplace in the United States; and operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
P/B ratio for PDD Holdings Inc. (PDD)
P/B ratio as of 2023: 7.47
According to PDD Holdings Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 7.47. At the end of 2022 the company had a P/B ratio of 6.87.
P/B ratio history for PDD Holdings Inc. from 2016 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 7.47 |
| 2022 | 6.87 |
| 2021 | 7.04 |
| 2020 | 22.90 |
| 2019 | 12.32 |
| 2018 | 6.08 |
| 2017 | 124.07 |
| 2016 | 447.55 |