Baidu, Inc.
-$9.05B- Market cap
- $432.76M
- Debt
- +$7.00B
- Cash
- −$16.48B
Capital structure 6% equity / 94% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $432.76M · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: BIDU stock price at discount vs PDD $99.47 current versus $1.60K implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PDD's multiple
Implied fair value · at BIDU's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: BIDU FY 2025 (ended Dec 31, 2025) · PDD FY 2025 (ended Dec 31, 2025).
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 6% equity / 94% debt
Capital structure 86% equity / 14% debt · EV / Revenue 1.21x · EV / EBITDA 4.27x
PDD carries the larger enterprise value at $74.92B against -$9.05B.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Baidu, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
PDD Holdings Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.18x
0.31x
Net debt / EBITDA
Leverage against operating earnings
-4.00x
-2.40x
Cash and equivalents
Liquid reserves on the balance sheet
$16.48B
$60.39B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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