Valuation Zhihu Inc.

Stocks

Market Closed - NYSE Other stock markets 21:00:03 16/07/2026 BST			5-day change	1st Jan Change
3.210 ^USD	-2.43%		+0.63%	-2.13%

07-01	Zhihu Inc. (NYSE:ZH) announces an Equity Buyback for 25,461,758 shares, representing 10% of its issued share capital, under the authorization approved on June 30, 2026.	CI
06-29	Zhihu Inc.'s Equity Buyback announced on January 5, 2026, has expired.	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	19,761	5,586	3,977	2,182	1,931	1,702	-	-
Change	-	-71.73%	-28.79%	-45.13%	-11.53%	-11.85%	-	-
Enterprise Value (EV) ¹	17,604	1,060	1,871	-1,817	-1,404	-1,521	-1,539	-1,591
Change	-	-93.98%	76.51%	-197.11%	22.7%	-8.33%	-1.18%	-3.38%
P/E	-11.5x	-3.46x	-4.71x	-13.7x	-9.52x	-31.3x	-56.2x	-140x
PBR	2.51x	1x	0.88x	3.42x	0.48x	0.45x	0.45x	0.45x
PEG	-	0.2x	0.1x	0.2x	-0.3x	0.4x	1.3x	2.3x
Capitalization / Revenue	6.68x	1.55x	0.95x	0.61x	0.7x	0.65x	0.64x	0.59x
EV / Revenue	5.95x	0.29x	0.45x	-0.5x	-0.51x	-0.58x	-0.58x	-0.55x
EV / EBITDA	-21.4x	-0.88x	-2.12x	3.96x	2.88x	5.77x	6.89x	11.1x
EV / EBIT	-12.7x	-0.66x	-1.74x	3.78x	2.77x	5.36x	6.94x	10.6x
EV / FCF	-39.3x	-0.95x	-4.41x	6.42x	3.85x	17.6x	605x	-187x
FCF Yield	-2.54%	-105%	-22.7%	15.6%	26%	5.68%	0.17%	-0.53%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-18.36	-15.54	-8.46	-1.88	-2.41	-0.6952	-0.3872	-0.1548
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	2,959	3,605	4,199	3,599	2,749	2,601	2,644	2,873
EBITDA ¹	-820.8	-1,205	-882.7	-459.1	-488.3	-263.6	-223.4	-143
EBIT ¹	-1,391	-1,604	-1,072	-481.1	-507.3	-283.6	-221.6	-150.1
Net income ¹	-1,469	-1,581	-843.6	-171.8	-192.9	-80.75	-18.58	11.71
Net Debt ¹	-2,157	-4,526	-2,107	-3,999	-3,335	-3,223	-3,241	-3,293
Reference price ²	211.16	53.80	39.84	25.84	22.94	21.74	21.74	21.74
Nbr of stocks (in thousands)	93,584	103,826	99,834	84,466	84,165	78,279	-	-
Announcement Date	14/03/22	22/03/23	26/03/24	26/03/25	25/03/26	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ZHIHU INC.	-31.28x	-0.58x	5.77x	-.--%	251M
TENCENT HOLDINGS LIMITED	16.29x	4.44x	10.38x	1.27%	554B
NETFLIX, INC.	20.76x	6.12x	18.41x	-.--%	313B
UBER TECHNOLOGIES, INC.	24.29x	2.6x	13.47x	-.--%	151B
SK SQUARE CO., LTD.	4.23x	88.55x	3.21x	0.13%	108B
SPOTIFY TECHNOLOGY S.A.	32.54x	3.95x	25.97x	-.--%	97.89B
PROSUS N.V.	11.15x	8.39x	94.68x	0.6%	97.83B
AIRBNB, INC.	29.07x	5.52x	15.59x	-.--%	87.72B
DOORDASH, INC.	73.27x	4.29x	20.94x	-.--%	81.2B
NASPERS LIMITED	9.04x	3.03x	44.55x	0.68%	40.32B
Average	18.94x	12.63x	25.30x	0.27%	153.1B
Weighted average by Cap.	21.41x	10.76x	19.96x	0.52%