Bearishest P/E & Bullishest P/E — PDD Case Study
Subject : Bearishest P/E & Bullishest P/E — PDD Case Study
.
Bearishest P/E
= ROA × Reciprocal of Golden Ratio
= ROA × 1/1.6180
= ROA × 0.6180
.
Bullishest P/E
= ROIC × Reciprocal of Golden Ratio
= ROIC × 1/1.6180
= ROIC × 0.6180
.
Geometric Mean
= √(ROA × 0.6180 × ROIC × 0.6180)
= 0.6180 × √(ROA × ROIC)
.
:: Case Study ::
.
PDD
.
(A)
Non-GAAP FY 2025
.
EPS (Diluted)
= USD 10.3507581966
.
ROA
= 17.03077631
.
(I)
Bearishest P/E
= ROA × 0.6180
= 17.03077631 × 0.6180
= 10.5250197596 ✅
.
Bearishest P
= 10.5250197596 × 10.3507581966
= USD 108.9419345461
.
(II)
Bullishest P/E
= ROIC × 1
= 25.5305840264 × 1
= 25.5305840264 ✅
.
Bullishest P
= 25.5305840264 × 10.3507581966
= USD 285.2233820313
.
(B)
GAAP FY 2025
.
EPS (Diluted)
= USD 9.5851238525
.
ROA
= 15.771028282
.
(I)
Bearishest P/E
= ROA × 0.6180
= 15.771028282 × 0.6180
= 9.7464954782 ✅
.
Bearishest P
= 9.7464954782×9.5851238525
= USD 93.421366287
.
(II)
Bullishest P/E
= ROA × 1.6180
= 15.771028282 × 1.6180
= 25.5175237603 ✅
.
Bullishest P
= 25.5175237603 × 9.5851238525
= USD 244.5886256516
.
Reference :