# JD.com Inc. American (JD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Internet & Direct Marketing Retail. Price $28.26, market value $38.2 billion.

## Valuation
- **P/E (trailing): 18.8×** (5-yr avg 44.9×, 3-yr avg 24.1×). JD.com Inc. American trades at 18.8× trailing earnings, well below its own five-year average of 44.9×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 6.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.0×**. Each dollar of revenue is priced at 0.0×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 0.8×**. Enterprise value is 0.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 96.8%** (5-yr avg 5.3%). Free cash flow equals 96.8% of the market value, above its five-year average of 5.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Gross margin: 16.6%**. JD.com Inc. American keeps 16.6% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 0.2%**. 0.2% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 1.8%**. 1.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.3%**. 10.3% on shareholders' equity is solid.
- **Return on invested capital: 13.7%**. Return on all capital, debt included, is 13.7%.
- **Return on assets: 14.9%**. Each dollar of assets produces 14.9% of profit.

## Growth
- **Revenue growth (1 yr): 17.9%** (3-yr 7.3%/yr, 5-yr 10.4%/yr). Revenue grew 17.9% over the last year, against 10.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -50.0%** (3-yr 25.1%/yr, 5-yr -17.7%/yr). Earnings per share fell 50.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -40.5%/yr**. Free cash flow has compounded at -40.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.04**. Debt is 0.04 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. JD.com Inc. American holds more cash than debt.
- **Interest coverage: 0.7×**. Operating profit covers interest only 0.7×: fragile.
- **Altman Z-score: 2.75**. A Z-score of 2.75 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.54%** ($1.00 per share, trailing). JD.com Inc. American yields 3.54%, an income-level yield.
- **Payout ratio: 45%**. 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.

## Analyst view
- **Analyst consensus: strong_buy** (35 analysts). 35 analysts cover JD.com Inc. American; the consensus is strong_buy, with an average price target of $39.64 (+40% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -5.4%** (YTD 2.0%, 3-mo -2.1%). The shares are down 5.4% over twelve months including dividends.
- **From 52-week high: -23.3%** (15.3% above the low). Trading 23% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.78** (volatility 33%). Beta of 0.78 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=JD · Page: https://foliofundamentals.com/stocks/jd

Not investment advice.