Oct 13 close Sign in

Consumer & retail

PDD Holdings (PDD)

In the Nasdaq-100.

Your signal

Sell23 / 100

Sell: 23 is at or below your Sell line of 40. Plays in (45%) scores 45 and lifts it; Off the high (−41% from its 1-year high) scores 0 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightPDDPointsWeightAdds
Plays in45%454018.0
Off the high−41% from its 1-year high0300.0
Trend−12% vs 200-day18305.4
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for PDD
FactorPDDPointsWhat it is
Plays in45%45The share of the plays you count that hold it now.
Analysts' upside+40% · 34 analysts · capped: below 200-day50How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating2.1 · buy47The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E9.2×94Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E6.6×95Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG0.6979P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales––Market value over the last 12 months' revenue. Lower ranks higher.
Price to book1.7×82Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yieldnone0Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth−11%23Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+8%34Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin20%66Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity23%74Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity0.01×93Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−41% from its 1-year high0How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend−12% vs 200-day18How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum−36%9The price change over the last 12 months. Higher ranks higher.
Low crash exposure1/10 · low90The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on PDD

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in45 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow1 of 10 on the storm testMayer Multiple0.88×Price ÷ its 200-day average (−12%). Higher than on 27% of days since 2019. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about PDD now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved PDD lately

No session in the last 30 moved it twice a normal day against the S&P 500; these were its largest, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on PDD

All 100 plays, by family.

Calls right: how often the play's calls on PDD went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2018. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyINOct 9, 2026 +0.7%Exit below $79.42 (−3.1%)31% 64/208+10.4% / +15.4%−71.1% / −87.4%
Bull Market Support BandBenjamin Cowen · weeklyOUTAug 14, 2026 −3.3%Enter above $85.03 (+3.7%)25% 9/36+14.5% / +20.4%−67.7% / −87.4%
Ripster EMA CloudRipster · dailyINOct 13, 2026 0.0%Exit below $80.35 (−2.0%)22% 28/126+10.3% / +18.2%−69.5% / −87.4%
Trend TemplateMark Minervini · dailyOUTNov 14, 2025 −37.4%Not on one close15% 7/47+6.6% / +12.8%−55.6% / −87.4%
Stage AnalysisStan Weinstein · weeklyOUTJan 16, 2026 −23.2%Enter above $170.24 (+107.7%)27% 8/30+11.7% / +18.1%−64.5% / −87.4%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTNov 21, 2025 −27.6%Enter above $109.15 (+33.2%)25% 9/36+14.3% / +21.5%−64.5% / −87.4%
10-Month SMAMeb Faber · month-endOUTDec 31, 2025 −27.7%Enter above $90.89 (+10.9%)29% 4/14+18.8% / +18.4%−69.4% / −87.4%
200-Day RulePaul Tudor Jones · dailyOUTJan 13, 2026 −27.0%Enter above $93.35 (+13.9%)15% 8/54+12.2% / +19.3%−71.9% / −87.4%
Golden CrossMarket tradition · dailyOUTJan 23, 2026 −23.0%Not on one close27% 3/11+19.3% / +19.3%−52.9% / −87.4%
Granville 200-DayJoseph E. Granville · dailyOUTDec 10, 2025 −28.9%Not on one close15% 5/34+20.5% / +20.9%−64.8% / −87.4%
Hull Moving AverageAlan Hull · weeklyOUTSep 4, 2026 −0.3%Enter above $85.92 (+4.8%)37% 18/49+12.0% / +19.7%−71.6% / −87.4%
Kaufman Adaptive MAPerry J. Kaufman · dailyINOct 9, 2026 +0.7%Exit below $79.51 (−3.0%)27% 74/270+18.0% / +15.1%−65.5% / −87.4%
TEMA CrossoverPatrick G. Mulloy · dailyINOct 9, 2026 +0.7%Exit below $69.08 (−15.7%)45% 34/75+16.7% / +13.8%−76.0% / −87.4%
Seykota 15/150Ed Seykota · dailyOUTDec 18, 2025 −22.5%Not on one close23% 3/13+7.2% / +14.6%−75.5% / −87.4%
Guppy Multiple MAsDaryl Guppy · dailyOUTAug 27, 2026 −3.2%Enter above $108.94 (+32.9%)31% 11/35+15.8% / +16.7%−66.0% / −87.4%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 2, 2026 −0.4%Not on one close33% 12/36+17.0% / +20.3%−63.5% / −87.4%
SupertrendOlivier Seban · dailyINOct 9, 2026 +0.7%Exit below $76.59 (−6.5%)43% 25/58+17.4% / +21.2%−65.2% / −87.4%
Williams AlligatorBill Williams · dailyOUTAug 31, 2026 −2.4%Not on one close46% 48/104+18.5% / +21.2%−64.0% / −87.4%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyINOct 9, 2026 +0.7%Exit below $75.53 (−7.8%)36% 77/215+12.9% / +19.7%−66.8% / −87.4%
AroonTushar S. Chande · dailyINOct 13, 2026 0.0%Exit below $74.72 (−8.8%)38% 30/79+7.5% / +19.5%−61.8% / −87.4%
Parabolic SARJ. Welles Wilder Jr. · dailyINOct 8, 2026 +4.7%Exit below $75.85 (−7.5%)39% 66/171+20.7% / +19.3%−75.6% / −87.4%
ADX TrendJ. Welles Wilder Jr. · dailyOUTAug 13, 2026 −2.6%Not on one close32% 18/56−1.2% / +20.0%−65.0% / −87.4%
MACD Zero LineGerald Appel · dailyOUTAug 28, 2026 −4.4%Enter above $83.95 (+2.4%)39% 21/54+23.1% / +19.5%−54.7% / −87.4%
Zweig 4% ModelMartin Zweig · weeklyINOct 9, 2026 +0.7%Exit below $78.10 (−4.7%)33% 46/141+4.8% / +19.6%−76.4% / −87.4%
MAMA/FAMA CrossJohn F. Ehlers · dailyINOct 13, 2026 0.0%Exit below $35.20 (−57.1%)39% 29/75+20.0% / +19.5%−52.0% / −87.4%
Schaff Trend CycleDoug Schaff · dailyINOct 6, 2026 +4.5%Not on one close40% 34/86+6.1% / +13.8%−79.3% / −87.4%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTAug 28, 2026 −4.4%Enter above $83.71 (+2.1%)35% 18/52+17.4% / +18.2%−59.2% / −87.4%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTAug 28, 2026 −4.4%Enter above $113.69 (+38.7%)35% 11/31+15.1% / +18.2%−70.0% / −87.4%
Elder Triple ScreenAlexander Elder · dailyOUTAug 14, 2026 −3.3%Not on one close29% 28/96+1.4% / +17.5%−69.8% / −87.4%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTJan 11, 2024 −45.8%Not on one close60% 6/10+3.4% / +19.5%−26.6% / −87.4%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyINOct 9, 2026 +0.7%Exit below $74.72 (−8.8%)44% 20/45+13.1% / +21.2%−58.3% / −87.4%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTNov 14, 2025 −37.4%Enter above $93.19 (+13.7%)40% 17/42+15.2% / +18.6%−41.1% / −87.4%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTNov 18, 2025 −31.5%Enter above $93.19 (+13.7%)41% 9/22+19.1% / +18.6%−34.7% / −87.4%
Clenow TrendAndreas F. Clenow · dailyOUTNov 18, 2025 −31.5%Enter above $269.16 (+228.4%)29% 8/28+7.2% / +18.2%−51.0% / −87.4%
Darvas BoxNicolas Darvas · dailyOUTSep 1, 2026 −1.5%Not on one close31% 11/36+6.9% / +21.2%−61.6% / −87.4%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTAug 13, 2026 −2.6%Enter above $83.69 (+2.1%)40% 23/58+8.8% / +15.1%−44.0% / −87.4%
Bollinger BreakoutJohn Bollinger · dailyINOct 9, 2026 +0.7%Exit below $78.65 (−4.0%)44% 31/71+23.0% / +20.3%−40.9% / −87.4%
Chandelier ExitChuck LeBeau · dailyINOct 9, 2026 +0.7%Exit below $77.90 (−5.0%)41% 29/71+8.7% / +19.4%−49.0% / −87.4%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyINOct 9, 2026 +0.7%Exit below $76.02 (−7.2%)41% 26/63+18.9% / +21.2%−61.6% / −87.4%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTSep 1, 2026 −1.5%Enter above $93.21 (+13.7%)39% 40/102+15.6% / +19.7%−60.1% / −87.4%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyINOct 9, 2026 +0.7%Exit below $77.98 (−4.9%)23% 32/137−1.7% / +19.8%−79.7% / −87.4%
Acceleration BandsPrice Headley · dailyOUTAug 11, 2026 −9.4%Not on one close30% 24/80+2.5% / +21.2%−26.8% / −87.4%
TTM SqueezeJohn F. Carter · dailyINOct 12, 2026 +1.3%Exit below $64.50 (−21.3%)46% 18/39+12.0% / +15.1%−16.8% / −87.4%
NR7 BreakoutToby Crabel · dailyINOct 9, 2026 +0.7%Exit below $80.38 (−1.9%)35% 86/247+8.0% / +19.3%−73.0% / −87.4%
Bollinger SqueezeJohn Bollinger · dailyINOct 9, 2026 +0.7%Exit below $78.65 (−4.0%)45% 5/11+4.1% / +14.4%−17.9% / −87.4%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endOUTJan 30, 2026 −18.9%Enter above $139.85 (+70.6%)33% 4/12+9.0% / +19.6%−70.8% / −87.4%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endOUTJun 30, 2026 +7.4%Not on one close42% 5/12+11.7% / +19.6%−75.4% / −87.4%
Dual MomentumGary Antonacci · month-endOUTDec 31, 2025 −27.7%Enter above $155.50 (+89.7%)50% 7/14+14.3% / +19.6%−66.8% / −87.4%
Stocks on the MoveAndreas F. Clenow · dailyOUTNov 18, 2025 −31.5%Not on one close25% 4/16−2.1% / +17.7%−52.4% / −87.4%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTNov 28, 2025 −29.4%Enter above $131.22 (+60.1%)29% 4/14−0.4% / +20.9%−43.1% / −87.4%
Levy Relative StrengthRobert A. Levy · weeklyOUTNov 21, 2025 −27.6%Enter above $89.82 (+9.6%)26% 10/39+13.2% / +14.5%−60.2% / −87.4%
MACD Signal CrossGerald Appel · dailyINOct 5, 2026 +5.2%Exit below $69.73 (−14.9%)33% 51/153+8.0% / +19.5%−75.1% / −87.4%
Elder ImpulseAlexander Elder · dailyINOct 6, 2026 +4.5%Exit below $79.37 (−3.2%)33% 80/239+21.8% / +19.5%−68.0% / −87.4%
Know Sure ThingMartin J. Pring · dailyINSep 29, 2026 +5.8%Exit below $53.38 (−34.9%)41% 44/107+12.4% / +19.1%−70.2% / −87.4%
Coppock CurveEdwin S. C. Coppock · month-endOUTMay 29, 2026 −2.9%Enter above $99.82 (+21.8%)75% 3/4+4.1% / −2.5%−44.3% / −87.4%
CCI +100Donald R. Lambert · dailyINOct 9, 2026 +0.7%Exit below $79.77 (−2.7%)30% 65/215+6.2% / +21.2%−45.8% / −87.4%
TRIX Signal CrossJack K. Hutson · dailyINOct 6, 2026 +4.5%Exit below $41.09 (−49.9%)41% 39/96+8.9% / +18.2%−69.7% / −87.4%
TSI Zero LineWilliam Blau · dailyOUTAug 28, 2026 −4.4%Enter above $84.52 (+3.1%)43% 21/49+26.5% / +18.2%−59.3% / −87.4%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTAug 31, 2026 −2.4%Enter above $83.86 (+2.3%)48% 11/23+26.6% / +19.6%−56.2% / −87.4%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endOUTJun 30, 2026 +7.4%Not on one close36% 4/11−4.4% / −2.1%−53.7% / −76.3%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyOUTJun 30, 2026 +7.4%Not on one close42% 5/12+13.6% / +19.6%−61.6% / −87.4%
PMO Signal CrossCarl Swenlin · dailyINOct 6, 2026 +4.5%Exit below $68.08 (−16.9%)30% 39/128+11.2% / +13.8%−77.2% / −87.4%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyINNov 28, 2025 −29.4%Not on one close67% 14/21+15.8% / +19.7%−84.7% / −87.4%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTNov 26, 2025 −29.2%Not on one close60% 55/92+10.5% / +19.3%−18.8% / −87.4%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTDec 1, 2025 −30.7%Not on one close59% 64/108−3.5% / +19.3%−57.3% / −87.4%
Bollinger ReversionJohn Bollinger · dailyOUTOct 6, 2026 +4.5%Buy below $75.01 (−8.5%)64% 45/70+9.5% / +20.3%−53.5% / −87.4%
Stochastic 20/80George C. Lane · dailyINSep 4, 2026 −0.3%Sell $78.28–$82.64 (+0.8%)58% 32/55+2.4% / +20.2%−82.6% / −87.4%
Williams %RLarry Williams · dailyOUTOct 13, 2026 0.0%Not on one close55% 57/104+2.7% / +19.7%−76.0% / −87.4%
DeMark 9-CountTom DeMark · dailyINSep 3, 2026 +0.4%Not on one close56% 15/27+2.8% / +19.5%−82.5% / −87.4%
Mayer MultipleTrace Mayer · dailyINMay 13, 2019 +295.0%Sell above $225.62 (+175.3%)–+19.3% / +19.3%−87.4% / −87.4%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTAug 17, 2026 −5.7%Not on one close72% 13/18+17.0% / +13.8%−7.1% / −87.4%
Laguerre RSIJohn F. Ehlers · dailyOUTOct 12, 2026 +1.3%Not on one close52% 60/116+22.6% / +15.1%−52.5% / −87.4%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINOct 5, 2026 +5.2%Exit below $80.68 (−1.6%)59% 94/159+12.3% / +15.1%−64.9% / −87.4%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 2, 2026 +8.7%Buy below $81.96 (0.0%)56% 399/716+22.0% / +15.8%−59.3% / −87.4%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTJan 5, 2026 −31.2%Not on one close61% 17/28+7.7% / +19.3%−40.2% / −87.4%
Fisher TransformJohn F. Ehlers · dailyINOct 5, 2026 +5.2%Exit below $78.69 (−4.0%)37% 147/397+6.1% / +19.5%−58.8% / −87.4%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINAug 31, 2026 −2.4%Sell above $79.51 (−3.0%)52% 21/40−4.4% / +18.5%−79.6% / −87.4%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 6, 2026 +4.5%Not on one close28% 67/241+26.7% / +20.3%−69.6% / −87.4%
Chaikin Money FlowMarc Chaikin · dailyINOct 9, 2026 +0.7%Not on one close37% 34/91+6.8% / +21.2%−75.9% / −87.4%
Money Flow IndexGene Quong & Avrum Soudack · dailyINDec 18, 2025 −22.5%Not on one close71% 12/17+1.2% / +19.7%−84.3% / −87.4%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyOUTDec 29, 2025 −28.2%Enter above $84.77 (+3.4%)46% 22/48+16.7% / +19.4%−63.8% / −87.4%
Force IndexAlexander Elder · dailyINOct 9, 2026 +0.7%Exit below $78.38 (−4.4%)28% 56/199+16.1% / +18.5%−69.6% / −87.4%
Buff AveragesBuff Dormeier · dailyINOct 9, 2026 +0.7%Exit below $66.04 (−19.4%)34% 44/131+5.9% / +20.3%−82.2% / −87.4%
Chaikin OscillatorMarc Chaikin · dailyINOct 6, 2026 +4.5%Not on one close37% 85/227−4.8% / +21.2%−68.8% / −87.4%
Volume Flow IndicatorMarkos Katsanos · dailyOUTJan 26, 2026 −23.3%Not on one close35% 12/34+19.4% / +19.6%−62.9% / −87.4%
Klinger OscillatorStephen J. Klinger · dailyINSep 18, 2026 +3.9%Not on one close35% 116/331+9.9% / +18.0%−76.8% / −87.4%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINSep 28, 2026 +4.4%Exit below $80.97 (−1.2%)49% 23/47+16.7% / +18.7%−61.4% / −87.4%
HikkakeDaniel L. Chesler · dailyOUTOct 1, 2026 +7.1%Not on one close36% 16/44−0.5% / +18.6%−53.2% / −87.4%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTMay 18, 2026 −13.7%Not on one close39% 7/18+1.9% / +19.6%−16.9% / −87.4%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 −17.9%Buys Oct 3050% 8/16+1.9% / +15.8%−81.1% / −87.4%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyINOct 5, 2026 +5.2%Window opens Apr 141% 7/17+0.5% / +19.5%−83.4% / −87.4%
Seasonal TimingSy Harding · dailyOUTApr 23, 2026 −16.2%Window opens Oct 1644% 7/16−1.9% / +19.5%−84.2% / −87.4%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 −31.2%Buys Dec 2356% 9/16+6.9% / +15.8%−18.7% / −87.4%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 +5.2%Buys Oct 2957% 112/196+24.7% / +15.8%−57.8% / −87.4%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +5.2%Sells Jun 3040% 2/5+0.9% / +15.8%−51.9% / −87.4%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −0.3%Buys Nov 2448% 74/154+11.7% / +15.8%−14.5% / −87.4%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +0.5%Not on one close50% 3/6+5.9% / +18.3%−53.5% / −87.4%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 12, 2026 +1.3%Sells Oct 1650% 428/857+24.2% / +15.8%−77.5% / −87.4%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +4.1%Buys Oct 2748% 62/130+4.8% / +15.8%−26.4% / −87.4%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +8.7%Sells Oct 1645% 91/203+4.8% / +15.8%−72.4% / −87.4%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJul 26, 2018Always in–+14.7%−87.4%

If the market cracks: the storm test

How the storm test works
ExposureLow1 of 10 points
  • Market swings0/3
  • Past crashes1/2
  • Debt0/3
  • Run-up0/2
  • It fell about 1.3× as far as its index in past crashes.

Past crashes, peak to low

COVID crash Feb 2020 to Mar 2020 · back to its old high Mar 2020

PDD−14%
S&P 500−34%

2022 bear market Jan 2022 to Mar 2022 · back to its old high Jun 2022

PDD−54%
S&P 500−25%
  • Beta0.81Moves about 0.8× as much as the S&P 500 week to week.
  • Downside capture41%In months the S&P 500 fell, this fell 41% as much on average (it often rose anyway).
  • Two-year change−43%
  • From 52-week high−41%
  • Debt to equity0.01×
  • Net debt / EBITDANet cashHolds more cash than debt.

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Internet Retail · PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc.

Size and valuation
Market cap$117BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)$451BTotal sales. The market values it at 0.3× sales.
P/E ratio9.2×Buyers pay $9 for each $1 of the last year's profit.
Forward P/E6.6×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book1.7×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin20.4%Keeps 20¢ of each dollar of sales as profit.
Revenue growth+8.1%Last quarter's sales against the same quarter a year earlier.
Earnings growth−11.2%Same comparison for profit.
Return on equity22.7%Yearly profit as a share of shareholders' money in the business.
Free cash flow$74.6BCash left after running and investing in the business.
Balance sheet
Total equity$413BWhat it owns minus what it owes.
Total debt$4.8BLoans and bonds it has to pay back, with interest.
Cash$456BCash and short-term investments on hand.
Debt to equity0.01×Comfortable.
Wall Street
Average analyst target$114.9840% above the close, from 34 analysts (range $85.53 to $150.89).
Consensus ratingBuyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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