---
title: PDD Holdings (PDD) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/pdd
ticker: PDD
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Specialty Retail
---
# PDD Holdings (PDD)

PDD Holdings (PDD) closed at $80.97 on Oct 16, 2026; the company files its statements in a currency other than the dollar the shares trade in, so no model value is shown.

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $80.97 (Oct 16, 2026) |
| Model value (median of the weighted models) | none — unsupported currency |
| Price vs model | — |
| Range across the models | — |
| Market value | $115.3B |
| P/E (fiscal 2025) | 11.5 |
| Net margin (fiscal 2025) | 22.7% |
| Free cash flow (fiscal 2025) | $105.8B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | -0.01 |
| Cost of capital (WACC) | — |
| Business classification | — |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Worst performing this year | #43 | −28.6% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($140,151); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 3, 2026 | Kam Anthony Ping Leung | Director | Open-market sell | 1,705 | $140,151 |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | Option/RSU exercise | 1,705 | — |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | Option/RSU exercise | 1,220 | $0 |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | Option/RSU exercise | 485 | $0 |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | Grant / award | 391 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 25, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1737806/000110465926100534/tm2623874d1_6k.htm |
| Aug 21, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1737806/000110465926099679/tm2623778d1_6k.htm |
| May 28, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1737806/000110465926067186/tm2615739d1_6k.htm |
| Apr 29, 2026 | 20-F | Annual report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1737806/000110465926050727/pdd-20251231x20f.htm |
| Mar 26, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1737806/000110465926034813/tm269789d1_6k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Duan Yongping | 2026-06-30 | 25,022,094 | $1.9B |
| Li Lu | 2026-06-30 | 10,761,119 | $820.9M |
| Dodge & Cox | 2026-06-30 | 4,550,000 | $347.1M |
| Norbert Lou | 2026-06-30 | 415,004 | $31.7M |

4 tracked managers in all.

## About

PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. PDD Holdings was founded by Hua Lin Cai and Zheng Huang in 2015 and is headquartered in Dublin, Ireland.

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Source: https://sweetvaluelab.com/stocks/pdd (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.