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NetEase, Inc.
NetEase, Inc. (NTES) is listed on NASDAQ and classified in Electronic Gaming & Multimedia, part of the Communication Services sector. It is headquartered in Hangzhou, China and has 25,382 employees. The company is worth $75.99B and trades at 16.5x its earnings of the last twelve months; the median for its sector is 16.1x. Revenue was CN¥112.63B in fiscal 2025, up 7.0% from the year before. Net income was CN¥33.76B. The share price is 20.4% below its 52-week high of $149.11. It pays a dividend yielding 2.47%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $124.52M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CNY, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +17.0% over 5Y.
today you would have $1,440.89▲ +44.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $137.62 | $89.21 | $93.16 | $72.63 | |
| EPS | CN¥52.40 | CN¥45.95 | CN¥45.25 | CN¥30.85 | |
| Dividend yield | 2.15% | 2.21% | 2.74% | 1.88% | 2.10% |
| Profit margin | 28.32% | 29.98% | 28.20% | 28.43% | 21.08% |
| ROE | 21.24% | 21.06% | 21.41% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 2.5% dividend yield. Growth capped at 25%.
Median P/E of 16.1 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Communication Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AMXAmerica Movil Sab de Cv/ | $24.98 | 15.0x | 3.0x | 2.36% | 20.98% | $74.59B |
| CMCSAComcast Corp | $22.84 | 7.1x | 0.8x | 5.78% | 11.49% | $81.05B |
| APPAppLovin Corp | $264.28 | 20.6x | 28.0x | 0.00% | 203.69% | $88.78B |
| SPOTSpotify Technology S.A. | $583.66 |
| 23.67% |
| 19.42% |
This company reports in CNY, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CNY, so they are not shown; EPS is in CNY. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.3% a year against a 7.8% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
+14.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 30.2x |
| 12.7x |
| 0.00% |
| 44.48% |
| $119.99B |
| NBISNebius Group N.V. | $159.17 | 124.4x | 4.2x | 0.00% | 0.60% | $43.27B |
| LYVLive Nation Entertainment, Inc. | $174.50 | — | 488.8x | 0.00% | 17.68% | $40.65B |