The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

PDD

Concerning the House

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. 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 based in Dublin, Ireland.

Ireland · www.pddholdings.com

The Long Run

FY 2018–2025 · 7 years

LineLatestCAGRTrend
Revenue$431.85B+150.6%
Gross profit$40.21B+527.5%
Operating income$58.70B+104.2%
Net income$97.84B+132.7%
Cash from ops$106.94B+122.6%
Quotation

$84.17

-4.87 (-5.5%)

52w hi$138.13
52w lo$73.30
Vol8.63M
As ofAug 13
The Verdict

Sell

Our score -0.65

Short-0.88
Medium-0.68
Long-0.15

computed 2026-08-13

By the Numbers

PDD Holdings Inc.

Consumer Cyclical · Internet Retail

Market cap$119.81B
Enterprise value-$305.94B
Trailing P/E8.80x
Forward P/E6.88x
EV / EBITDA-3.15x
P / S (ttm)0.27x
Profit margin21.6%
Return on equity25.4%
Revenue growth+11.0%
Earnings growth-14.9%
Debt / equity1.21
Risk Metrics
Beta vs SPX0.75
Corr SPX0.26
Annual vol47.5%
Annual ret-12.9%
Sharpe-0.27
Max DD-52.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.30
Sector+0.01
Technical-0.22
Earnings+0.00
Sentiment-0.56

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$88.31$88.69$84.07$84.178.63M
Aug 12$89.78$90.02$87.88$89.046.96M
Aug 11$91.52$91.62$90.10$90.504.26M
Aug 10$91.60$93.19$91.21$93.005.03M
Aug 7$90.99$92.16$90.54$91.763.75M