# Noah Holdings Limited American (NOAH) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $8.43, market value $579 million.

## Valuation
- **P/E (trailing): 6.7×** (5-yr avg 23.0×, 3-yr avg 36.6×). Noah Holdings Limited American trades at 6.7× trailing earnings, well below its own five-year average of 23.0×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 5.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.21**. A PEG of 0.21 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 20.8%** (5-yr avg 2.3%). Free cash flow equals 20.8% of the market value, above its five-year average of 2.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 14.9%**. The inverse of the P/E: 14.9% of the price is earned each year.

## Profitability
- **Gross margin: 68.8%**. Noah Holdings Limited American keeps 68.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 33.8%**. 33.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 21.4%**. 21.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.7%**. 5.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 35.0%**. Each dollar of assets produces 35.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 4.8%** (3-yr -6.0%/yr, 5-yr -5.9%/yr). Revenue grew 4.8% over the last year, against -5.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 27.8%** (3-yr -61.8%/yr). Earnings per share rose 27.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 13.4%/yr**. Free cash flow has compounded at 13.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 7.76%** ($0.65 per share, trailing). Noah Holdings Limited American yields 7.76%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 98%** (65% of free cash flow). 98% of earnings goes out as dividends, leaving a thin cushion.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Noah Holdings Limited American; the consensus is buy, with an average price target of $10.83 (+28% 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): -21.3%** (YTD -3.0%, 3-mo -5.4%). The shares are down 21.3% over twelve months including dividends.
- **From 52-week high: -32.3%** (3.6% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.88** (volatility 31%). Beta of 0.88 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.