# PayPay Corporation American Depository Shares (PAYP) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Real Estate / Real Estate Management & Development. Price $17.04, market value $11.5 billion.

## Valuation
- **P/E (trailing): 14.9×** (5-yr avg 0.1×, 3-yr avg 0.1×). PayPay Corporation American Depository Shares trades at 14.9× trailing earnings, well above its own five-year average of 0.1×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 22.6×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **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: 0.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 1826.2%**. Free cash flow equals 1826.2% of the market value. Above 5% is generally attractive.
- **Earnings yield: 6.7%**. The inverse of the P/E: 6.7% of the price is earned each year.

## Profitability
- **Gross margin: 87.5%**. PayPay Corporation American Depository Shares keeps 87.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 30.8%**. 30.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 31.3%**. 31.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 29.2%**. 29.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 51.8%**. Return on all capital, debt included, is 51.8%: comfortably above what that capital costs.
- **Return on assets: 2.4%**. Each dollar of assets produces 2.4% of profit.

## Growth
- **Revenue growth (1 yr): 25.9%** (3-yr 23.1%/yr). Revenue grew 25.9% over the last year.
- **EPS growth (1 yr): 230.1%**. Earnings per share rose 230.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.46**. Debt is 1.46 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: net cash**. PayPay Corporation American Depository Shares holds more cash than debt.
- **Interest coverage: 10.1×**. Operating profit covers interest 10.1× over, a safe margin.
- **Current ratio: 0.49** (quick 0.49). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: -0.26**. A Z-score of -0.26 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. PayPay Corporation American Depository Shares does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -31.5%** (41.2% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 1.99** (volatility 81%). Beta of 1.99 against the S&P 500: the shares move much more than the market.

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

Not investment advice.