Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: JD stock price vs TRNO: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at TRNO's multiple
Needs TRNO P/E.
Implied fair value · at JD's multiple
Needs JD P/E.
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
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: JD FY 2025 (ended Dec 31, 2025) · TRNO FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 33% equity / 67% debt · EV / Revenue 0.18x · EV / EBITDA 2.51x
Capital structure 88% equity / 12% debt · EV / Revenue 16.94x · EV / EBITDA 18.75x
JD carries the larger enterprise value at $33.01B against $8.07B; JD trades on the lower EV / Revenue multiple (0.18x vs 16.94x); JD on the lower EV / EBITDA (2.51x vs 18.75x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
JD.com, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Terreno Realty Corporation · 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
1.33x
0.23x
Net debt / EBITDA
Leverage against operating earnings
0.94x
2.13x
Cash and equivalents
Liquid reserves on the balance sheet
$30.49B
$25.02M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$42.82B
$943.34M
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