Latest Ratios: P/E Ratio 2.8x · EV/EBITDA 17.3x · ROE 5.7%. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.6B | $3.2B | $3.4B | $3.8B | $3.7B | $11.9B | $9.6B | $9.3B | $7.6B | $2.9B |
| Enterprise Value | $1.9B | $418M | $1.6B | $-1354076993 | $1.1B | $-423173050 | $11.7B | $9.3B | $9.3B | $7.5B | $2.5B |
| P/E Ratio → | 2.77 | 0.49 | 1.95 | 0.46 | 0.53 | 0.43 | 3.65 | 2.99 | 3.25 | 3.82 | 2.39 |
| P/S Ratio | 2.37 | 0.42 | 0.45 | 0.48 | 0.55 | 0.51 | 1.38 | 1.14 | 1.29 | 1.23 | 0.49 |
| P/B Ratio | 0.61 | 0.11 | 0.13 | 0.14 | 0.15 | 0.15 | 4.15 | 4.56 | 8.74 | 10.97 | 6.43 |
| P/FCF | 19.26 | 3.41 | 2.56 | 1.45 | 1.56 | 1.12 | 3.90 | 3.56 | 3.11 | 3.23 | 1.91 |
| P/OCF | 16.70 | 2.95 | 2.30 | 1.41 | 1.49 | 1.05 | 3.59 | 3.31 | 3.00 | 3.09 | 1.80 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.07 | 0.22 | -0.19 | 0.16 | -0.06 | 1.35 | 1.10 | 1.29 | 1.21 | 0.42 |
| EV / EBITDA | 17.27 | 0.57 | 1.25 | -0.91 | 0.68 | -0.19 | 3.53 | 2.77 | 3.13 | 3.52 | 2.04 |
| EV / EBIT | 22.89 | 0.28 | 0.92 | -0.68 | 0.64 | -0.19 | 3.72 | 2.87 | 3.24 | 3.65 | 2.13 |
| EV / FCF | — | 0.54 | 1.26 | -0.57 | 0.46 | -0.13 | 3.83 | 3.46 | 3.10 | 3.17 | 1.62 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.4% | 72.4% | 78.9% | 80.3% | 82.2% | 85.5% | 88.9% | 88.6% | 88.7% | 78.1% | 59.9% |
| Operating Margin | 8.8% | 8.8% | 14.3% | 15.8% | 18.0% | 24.6% | 36.4% | 38.4% | 39.7% | 32.9% | 19.3% |
| Net Profit Margin | 22.4% | 22.4% | 25.5% | 28.3% | 28.0% | 35.4% | 37.8% | 38.0% | 39.7% | 32.2% | 20.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 7.1% | 8.1% | 8.0% | 19.2% | 131.7% | 202.3% | 325.6% | 347.5% | 321.4% |
| ROA | 4.8% | 4.8% | 5.9% | 6.7% | 6.7% | 16.0% | 102.7% | 34.6% | 20.5% | 18.5% | 14.5% |
| ROIC | 1.8% | 1.8% | 3.4% | 4.0% | 4.4% | 12.0% | 105.6% | 169.1% | 270.2% | 539.1% | 1053.8% |
| ROCE | 2.2% | 2.2% | 3.9% | 4.4% | 5.0% | 13.0% | 122.1% | 37.4% | 21.4% | 19.7% | 14.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | — | — | 0.07 |
| Debt / EBITDA | 0.06 | 0.06 | 0.08 | 0.13 | 0.07 | 0.06 | 0.01 | 0.01 | — | — | 0.03 |
| Net Debt / Equity | — | -0.09 | -0.06 | -0.19 | -0.11 | -0.17 | -0.08 | -0.13 | -0.03 | -0.20 | -0.97 |
| Net Debt / EBITDA | -3.02 | -3.02 | -1.28 | -3.22 | -1.61 | -1.86 | -0.07 | -0.08 | -0.01 | -0.07 | -0.36 |
| Debt / FCF | — | -2.86 | -1.29 | -2.02 | -1.10 | -1.24 | -0.08 | -0.10 | -0.01 | -0.06 | -0.29 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($2.3B) exceeds total debt ($42M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.00 | 6.00 | 5.56 | 5.03 | 6.02 | 5.85 | 4.39 | 4.05 | 3.16 | 2.64 | 2.92 |
| Quick Ratio | 6.00 | 6.00 | 5.56 | 5.03 | 6.02 | 5.85 | 4.39 | 4.05 | 7.50 | 5.62 | 2.88 |
| Cash Ratio | 5.47 | 5.47 | 5.15 | 4.64 | 5.44 | 5.20 | 3.50 | 3.17 | 2.42 | 2.10 | 2.25 |
| Asset Turnover | — | 0.22 | 0.23 | 0.23 | 0.23 | 0.25 | 2.39 | 3.06 | 0.46 | 0.51 | 0.63 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 173.78 |
| Days Sales Outstanding | — | 93.10 | 76.12 | 77.75 | 105.97 | 114.24 | 22.07 | 20.70 | 145.29 | 112.78 | 76.22 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.9% | 56.4% | 46.9% | 14.2% | 11.0% | 18.3% | 5.5% | — | 6.4% | — | — |
| Payout Ratio | 105.5% | 105.5% | 82.6% | 24.1% | 21.7% | 26.3% | 19.9% | — | 20.8% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 36.0% | 204.9% | 51.3% | 218.4% | 189.3% | 232.8% | 27.4% | 33.4% | 30.8% | 26.2% | 41.9% |
| FCF Yield | 5.2% | 29.4% | 39.1% | 68.8% | 64.0% | 89.6% | 25.6% | 28.1% | 32.1% | 31.0% | 52.4% |
| Buyback Yield | 7.1% | 40.0% | 7.1% | 18.4% | 18.8% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 17.0% | 96.4% | 54.0% | 32.6% | 29.8% | 19.1% | 5.5% | 0.0% | 6.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $118M | $122M | $123M | $125M | $125M | $120M | $120M | $119M | $118M | $116M |
Competitive traffic acquisition costs
According to current market data, Autohome trades at a P/E of 2.76, which, when compared to the broader internet sector, suggests that investors are heavily discounting the firm's future growth prospects due to the persistent -10.84% revenue contraction observed in recent quarterly filings.
The low valuation multiples appear to price the company as a terminal-value asset rather than a growth-oriented technology platform. While the 10.0% dividend yield provides a potential floor, the market's skepticism regarding the sustainability of core advertising revenue suggests that the current P/E may be a value trap rather than an entry point.
Based on reported financial statements, Autohome's operating margin has compressed to 8.80%, yet the net margin remains elevated at 22.36%, indicating that non-operating interest income from the company's $2.25 billion cash pile is significantly subsidizing the bottom line relative to core operational performance.
The divergence between operating and net margins warrants caution, as it suggests that the underlying business model is struggling to maintain profitability amidst rising traffic acquisition costs. Investors should monitor whether the core advertising segment can stabilize its margins without relying on the financial cushion provided by its cash reserves.
As reported in recent quarterly data, Autohome's ROIC has trended downward to 0.3% in 2025Q4, reflecting a significant decay in the company's ability to generate meaningful returns on its invested capital compared to the 3.9% levels observed in 2023Q3.
This decline in capital efficiency suggests that the firm's investments in new energy vehicle services and digital infrastructure are not yet yielding the expected returns. The persistent compression in ROIC indicates that the company may be over-capitalized relative to its current growth opportunities, necessitating a more disciplined approach to capital allocation.
Based on the provided financial records, Autohome's asset turnover has remained stagnant at approximately 0.05, which, when viewed alongside the 94-day DSO reported in 2025Q4, suggests that the company is experiencing increasing difficulty in converting its service delivery into timely cash receipts from its dealer network.
The lengthening collection cycle may indicate that the company is offering more lenient credit terms to dealers to maintain subscription renewals during the current automotive market downturn. This trend warrants further investigation, as it could signal deteriorating credit quality among the firm's primary customer base.
The P/E ratio is frequently misapplied to Autohome, as it fails to account for the significant distortion caused by interest income on the company's $2.25 billion cash balance, which artificially inflates net earnings and masks the underlying contraction in the core advertising business.
Analysts should instead focus on EV/EBITDA or adjusted operating cash flow to better gauge the true earning power of the automotive portal business. Relying on P/E in this context risks overestimating the company's operational health by conflating financial investment returns with core business performance.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying ATHM stock.
Autohome Inc.'s current P/E ratio is 2.8x. The historical average is 2.9x. This places it at the 46th percentile of its historical range.
Autohome Inc.'s current EV/EBITDA is 17.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.8x.
Autohome Inc.'s return on equity (ROE) is 5.7%. The historical average is 141.3%.
Based on historical data, Autohome Inc. is trading at a P/E of 2.8x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Autohome Inc.'s current dividend yield is 9.92% with a payout ratio of 105.5%.
Autohome Inc. has 72.4% gross margin and 8.8% operating margin.
Autohome Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.