KE Holdings Inc. (BEKE) AI Stock Analysis

KE Holdings Inc. operates an integrated online and offline platform for housing transactions and services in the People's Republic of China. Its operations are divided into Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services. The company facilitates sales of existing and new homes, home rentals, home renovation, furnishing, and related services. KE Holdings owns and manages Lianjia, a real estate brokerage brand with branded stores, as well as Deyou, a franchise model supporting interconnected brokerage stores. Established in 2001 and headquartered in Beijing, China, the company employed 107,409 people as of its latest reported period.

KE Holdings delivered a 5-year revenue CAGR of 6.1% from FY2020 to FY2025. Annual revenue expanded from $80.75B in FY2021 to $94.58B in FY2025, though annual revenue growth slowed to 1.2% in FY2025 following a 20.2% increase in FY2024. Operating margin contracted to 3.0% in FY2025 from 5.0% in FY2024 and 7.3% in FY2023. Net income was $2.99B in FY2025, down from $4.06B in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue fell 5.7% year-over-year, while quarterly earnings grew 111.4% year-over-year. TTM operating margin stood at 12.3% and TTM profit margin stood at 5.3%.

As of June 30, 2026, KE Holdings held $56.03B in cash and short-term investments against $14.39B in total debt, resulting in net cash of $41.64B. Shareholders' equity was $65.54B and total assets were $112.42B. The company had a current ratio of 1.70 and a debt-to-equity ratio of 0.22. In FY2025, operating cash flow was -$365.9M and free cash flow was -$957.1M. Capital expenditures were $591.2M, while the company returned capital through $6.40B in share buybacks and $2.80B in dividends paid.

BEKE closed at $18.07 on October 16, 2026, giving it a market capitalization of $19.85B and an enterprise value of $13.40B. The stock trades at a trailing P/E of 30.1x, above the 21.6x median of its US-listed Real Estate peers. Its forward P/E of 12.1x is lower than the peer median of 23.5x. BEKE has a price-to-sales multiple of 0.2x compared to the peer median of 3.7x, and an EV/EBITDA of 12.9x against the peer median of 14.7x. Over the past year, BEKE gained 0.7%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, BEKE fell 11.6% while the S&P 500 gained 83.0%.

KE Holdings pays an annual dividend with a forward rate of $0.28 per share, representing a dividend yield of 1.53%. Its payout ratio is 8.1%. The company has paid dividends for 4 consecutive years, and its last ex-dividend date was April 8, 2026.

Wall Street analysts hold 14 Strong Buy, 7 Buy, 1 Hold, and 0 Sell ratings on BEKE. The mean price target is $23.94, representing a 32.5% premium to the last close of $18.07. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $86.31B and EPS of $7.57, which implies 74.5% EPS growth. BEKE beat EPS estimates in 3 of the last 4 quarters. The next earnings date is November 9, 2026.

This page is an AI-written research summary of KE Holdings Inc. (BEKE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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