PDD Holdings Inc.
—- Market cap
- —
- Debt
- +$18.30B
- Cash
- −$60.39B
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: PDD stock price vs SR: 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 SR's multiple
Needs SR P/E.
Implied fair value · at PDD's multiple
Needs PDD P/E.
Metric by metric
Live quote
Price unavailable
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PDD FY 2025 (ended Dec 31, 2025) · SR FY 2025 (ended Sep 30, 2025). Fiscal years are not aligned.
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
PDD Holdings Inc. · implied price per share
Bear
$109.12
Base
$128.38
Bull
$147.64
Spire Inc. · implied price per share
Bear
$31.28
Base
$36.80
Bull
$42.32
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.31x
1.14x
Net debt / EBITDA
Leverage against operating earnings
-2.40x
5.19x
Cash and equivalents
Liquid reserves on the balance sheet
$60.39B
$5.70M
Total debt
Interest-bearing obligations outstanding
$18.30B
$3.86B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
AMAZON COM INC
PDD vs AMZN
MERCADOLIBRE INC
PDD vs MELI
Alibaba Group Holding Ltd
PDD vs BABA
JD.com, Inc.
PDD vs JD
SHOPIFY INC.
PDD vs SHOP
Sea Ltd
PDD vs SE
CENTERPOINT ENERGY INC
PDD vs CNP
DOMINION ENERGY, INC
PDD vs D
CHARTER COMMUNICATIONS, INC. /MO/
PDD vs CHTR
NISOURCE INC.
PDD vs NI
ATMOS ENERGY CORP
PDD vs ATO
MGE ENERGY INC
PDD vs MGEE
Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.