Latest Ratios: P/E Ratio 4.4x · EV/EBITDA 2.7x · ROE 11.9%. (2012–2025 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 | $1.8B | $2.7B | $2.5B | $2.6B | $4.5B | $7.1B | $9.3B | $10.5B | $13.6B | $23.3B | $9.0B |
| Enterprise Value | $1.4B | $2.4B | $2.5B | $2.7B | $4.3B | $7.2B | $9.9B | $10.7B | $13.2B | $23.2B | $8.7B |
| P/E Ratio → | 4.39 | 6.01 | 8.23 | 7.66 | 53.11 | 16.66 | 29.70 | 21.26 | 23.75 | 66.32 | 84.58 |
| P/S Ratio | 1.01 | 1.56 | 1.44 | 1.49 | 2.46 | 3.16 | 5.52 | 5.94 | 7.91 | 20.27 | 13.80 |
| P/B Ratio | 0.50 | 0.68 | 0.71 | 0.75 | 1.33 | 1.93 | 3.23 | 4.60 | 7.78 | 19.51 | 11.95 |
| P/FCF | 3.74 | 5.75 | 4.38 | 4.13 | 12.30 | 11.03 | 13.20 | 17.21 | 29.58 | 44.95 | 40.58 |
| P/OCF | 3.44 | 5.28 | 3.96 | 3.91 | 8.01 | 8.76 | 12.58 | 16.61 | 27.86 | 43.25 | 38.30 |
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 | — | 1.33 | 1.45 | 1.56 | 2.35 | 3.19 | 5.88 | 6.07 | 7.71 | 20.17 | 13.24 |
| EV / EBITDA | 2.66 | 4.49 | 4.50 | 5.04 | 7.90 | 9.49 | 18.32 | 17.10 | 21.05 | 54.85 | 56.04 |
| EV / EBIT | 2.99 | 3.87 | 4.84 | 4.41 | 21.62 | 11.59 | 22.95 | 16.96 | 19.36 | 55.06 | 61.59 |
| EV / FCF | — | 4.93 | 4.40 | 4.32 | 11.75 | 11.14 | 14.07 | 17.58 | 28.82 | 44.72 | 38.94 |
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 | 76.0% | 76.0% | 78.9% | 78.7% | 78.2% | 82.1% | 82.1% | 81.4% | 83.8% | 79.9% | 73.9% |
| Operating Margin | 26.5% | 26.5% | 28.2% | 26.9% | 26.2% | 30.9% | 30.0% | 33.8% | 35.5% | 35.4% | 21.5% |
| Net Profit Margin | 25.6% | 25.6% | 17.1% | 19.5% | 4.7% | 19.0% | 18.5% | 28.0% | 33.3% | 30.7% | 16.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.9% | 11.9% | 8.5% | 9.9% | 2.4% | 13.0% | 12.1% | 24.5% | 38.9% | 36.1% | 15.6% |
| ROA | 6.6% | 6.6% | 4.4% | 4.8% | 1.2% | 6.2% | 5.6% | 12.2% | 19.6% | 19.6% | 11.5% |
| ROIC | 9.7% | 9.7% | 10.3% | 10.4% | 10.4% | 14.4% | 12.6% | 22.9% | 37.0% | 41.7% | 27.0% |
| ROCE | 8.1% | 8.1% | 9.0% | 8.3% | 8.5% | 13.0% | 10.8% | 18.0% | 25.8% | 28.7% | 20.3% |
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 | 0.48 | 0.48 | 0.53 | 0.77 | 0.73 | 0.68 | 0.84 | 0.74 | 0.51 | 0.74 | — |
| Debt / EBITDA | 3.64 | 3.64 | 3.37 | 4.96 | 4.55 | 3.29 | 4.47 | 2.68 | 1.41 | 2.08 | — |
| Net Debt / Equity | — | -0.10 | 0.00 | 0.03 | -0.06 | 0.02 | 0.21 | 0.10 | -0.20 | -0.10 | -0.48 |
| Net Debt / EBITDA | -0.75 | -0.75 | 0.03 | 0.22 | -0.37 | 0.09 | 1.13 | 0.37 | -0.56 | -0.29 | -2.35 |
| Debt / FCF | — | -0.82 | 0.03 | 0.19 | -0.55 | 0.11 | 0.87 | 0.38 | -0.76 | -0.23 | -1.64 |
| Interest Coverage | — | — | 4.99 | 5.19 | 2.79 | 8.76 | 7.55 | 21.15 | 44.46 | 100.41 | — |
Net cash position: cash ($2.3B) exceeds total debt ($1.9B)
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 | 3.39 | 3.39 | 3.61 | 2.51 | 3.73 | 2.22 | 5.04 | 4.54 | 3.92 | 4.22 | 2.15 |
| Quick Ratio | 3.39 | 3.39 | 3.61 | 2.50 | 3.73 | 2.22 | 5.04 | 4.54 | 3.92 | 4.22 | 2.15 |
| Cash Ratio | 2.28 | 2.28 | 2.43 | 1.79 | 2.60 | 1.45 | 3.65 | 3.00 | 2.90 | 3.70 | 1.42 |
| Asset Turnover | — | 0.25 | 0.27 | 0.24 | 0.26 | 0.30 | 0.27 | 0.37 | 0.52 | 0.45 | 0.63 |
| Inventory Turnover | — | — | — | 26.38 | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 224.96 | 211.67 | 242.47 | 249.15 | 255.03 | 268.24 | 232.12 | 101.73 | 59.18 | 74.93 |
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 | 9.8% | 7.1% | 7.7% | 7.6% | — | — | — | — | — | — | — |
| Payout Ratio | 43.5% | 43.5% | 64.6% | 58.4% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 22.8% | 16.6% | 12.1% | 13.1% | 1.9% | 6.0% | 3.4% | 4.7% | 4.2% | 1.5% | 1.2% |
| FCF Yield | 26.7% | 17.4% | 22.8% | 24.2% | 8.1% | 9.1% | 7.6% | 5.8% | 3.4% | 2.2% | 2.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.8% | 7.1% | 7.7% | 7.6% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $269M | $265M | $240M | $236M | $230M | $228M | $226M | $233M | $225M | $223M |
Platform Monetization Saturation
Based on current market data, Weibo trades at a P/E of 4.24 and an EV/EBITDA of 2.53, suggesting that investors are heavily discounting the company's future earnings potential due to persistent revenue stagnation and the competitive threat posed by short-video platforms in the Chinese digital advertising market.
The low valuation multiples appear to price in a terminal decline rather than a mature, cash-generative business model. While the 10.1% dividend yield may attract income-focused investors, the market's skepticism regarding Weibo's ability to pivot its product mix suggests that the current valuation may remain depressed until management demonstrates a clear path to top-line re-acceleration.
According to historical financial data, Weibo's ROIC has consistently hovered between 2.0% and 3.1% over the last ten quarters, indicating that the company is struggling to generate meaningful returns on its invested capital despite maintaining high gross margins in its core advertising business.
The persistent gap between gross profitability and ROIC suggests that significant capital is being consumed by operational overhead and content moderation requirements. This trend warrants further investigation into whether the company's capital allocation strategy is effectively supporting its competitive moat or merely sustaining a legacy platform that lacks the efficiency of newer, video-centric peers.
As reported in recent filings, Weibo's Days Sales Outstanding (DSO) has remained elevated, fluctuating between 168 and 242 days, which suggests that the company faces significant challenges in collecting receivables from its advertising partners in a tightening Chinese economic environment.
The extended collection cycle appears to be a structural drag on the company's cash conversion efficiency, potentially limiting its ability to reinvest in platform innovation. Investors should monitor whether these prolonged DSO figures reflect a shift in bargaining power toward larger e-commerce advertisers or an underlying deterioration in the credit quality of the company's client base.
The P/E ratio is frequently misapplied to Weibo's business model, as it obscures the significant impact of non-operating investment gains and share-based compensation on reported net income, which can lead to a misleading assessment of the company's true core operational earning power.
Analysts should instead prioritize EV/EBITDA or adjusted free cash flow metrics to better capture the underlying cash-generating capacity of the platform. Relying on headline P/E figures may lead to an overestimation of value, as these metrics fail to account for the volatility introduced by the company's portfolio of tech investments and the lack of consistent cash flow conversion.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying WB stock.
Weibo Corporation's current P/E ratio is 4.4x. The historical average is 39.9x.
Weibo Corporation's current EV/EBITDA is 2.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.3x.
Weibo Corporation's return on equity (ROE) is 11.9%. The historical average is -14.4%.
Based on historical data, Weibo Corporation is trading at a P/E of 4.4x. Compare with industry peers and growth rates for a complete picture.
Weibo Corporation's current dividend yield is 9.75% with a payout ratio of 43.5%.
Weibo Corporation has 76.0% gross margin and 26.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Weibo Corporation's Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.