Sohu.com Limited (SOHU) Key Metrics
SOHU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $383.3M
- Enterprise value
- −$453.5M
- P/E (TTM)
- 1.5
- Forward P/E
- 9.1
- PEG ratio
- 21.44
- Price / sales
- 0.6 10-yr median 0.7
- Price / book
- 0.3 10-yr median 0.8
- EV / EBITDA
- 6.5
- Dividend yield
- —
- Beta
- 0.30
SOHU key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSOHU valuation Price multiples at each fiscal year-end price.
P/E ratio
1.1
2025 · hover or tap a bar for each year
20162025
Price / sales+7.2%
0.8
2025 · hover or tap a bar for each year
20162025
Price / book−24.4%
0.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+12.8 pts
−3.3%
2025 · hover or tap a bar for each year
20162025
SOHU returns How much profit the business earns on the capital it uses.
Return on equity+45.9 pts
35.8%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+70.8 pts
−17.7%
2025 · hover or tap a bar for each year
20162025
Return on assets+28.9 pts
23.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+8.9 pts
−2.5%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)
−0.01
2025 · hover or tap a bar for each year
20162025
Asset turnover+4.8%
0.35
2025 · hover or tap a bar for each year
20162025
SOHU per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+10.7%
$20.70
2025 · hover or tap a bar for each year
20162025
Earnings per share
$13.96
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$0.51
2025 · hover or tap a bar for each year
20162025
Book value per share+57.1%
$45.26
2025 · hover or tap a bar for each year
20162025
Shares outstanding−11.8%
28.2M
2025 · hover or tap a bar for each year
20162025
SOHU financial health Debt, liquidity and how easily interest is covered.
Net debt+$36.2M
−$830.7M
2025 · hover or tap a bar for each year
20162025
Current ratio−10.4%
2.90
2025 · hover or tap a bar for each year
20162025
SOHU efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−18 days
41 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+12 days
100 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−30 days
-60 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−1.7 pts
1.7%
2025 · hover or tap a bar for each year
20162025
SOHU valuation history
Fiscal year-endToday10-year median
SOHU returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SOHU debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SOHU cash returned to shareholders
DividendsBuybacksFree cash flow
SOHU price vs earnings per share
Share price at year-endEPS (right axis)
SOHU key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $441.6M | $421.9M | $338.7M | $479.1M | $643.1M | $628.9M | $438.8M | $678.7M | $1.68B | $1.31B |
| Enterprise value | −$389.1M | −$445.0M | −$580.2M | −$655.8M | −$719.1M | $423.1M | −$1.07B | −$750.4M | −$316.9M | $41.5M |
| P/E ratio | 1.1 | — | — | — | 0.7 | — | — | — | — | — |
| Price / sales | 0.8 | 0.7 | 0.6 | 0.7 | 0.8 | 0.8 | 0.7 | 0.4 | 0.9 | 0.8 |
| Price / book | 0.3 | 0.5 | 0.3 | 0.4 | 0.5 | 1.8 | 1.0 | 1.2 | 2.2 | 1.3 |
| Price / free cash flow | — | — | — | 57.0 | — | 10.2 | 3.9 | — | 43.8 | — |
| Price / operating cash flow | — | — | — | 14.9 | — | 6.6 | 2.1 | 8.1 | 9.2 | 5.5 |
| EV / sales | -0.7 | -0.7 | -1.0 | -0.9 | -0.9 | 0.6 | -1.6 | -0.4 | -0.2 | 0.0 |
| EV / EBITDA | — | — | — | — | — | 3.7 | — | — | — | 0.4 |
| EV / free cash flow | — | — | — | — | — | 6.9 | — | — | — | — |
| Earnings yield | 89.2% | −23.8% | −9.0% | −3.6% | 144.3% | −13.7% | −34.0% | −9.9% | −32.9% | −17.1% |
| Free cash flow yield | −3.3% | −16.1% | −13.0% | 1.8% | −16.2% | 9.8% | 25.9% | −17.0% | 2.3% | −3.8% |
| Dividend yield | — | — | — | — | — | — | — | — | 11.3% | — |
| Shareholder yield (dividends + buybacks) | 12.3% | 9.7% | 1.9% | 17.1% | 2.7% | 0.0% | 0.0% | 0.0% | 11.5% | 0.0% |
| Share price at fiscal year-end | $15.64 | $13.18 | $9.93 | $13.71 | $16.28 | $15.94 | $11.18 | $17.42 | $43.35 | $33.89 |
| Per share | ||||||||||
| Revenue per share | $20.70 | $18.69 | $17.61 | $21.00 | $21.15 | $19.01 | $17.17 | $48.33 | $47.89 | $42.64 |
| Earnings per share | $13.96 | −$3.13 | −$0.89 | −$0.50 | $23.49 | −$2.18 | −$3.80 | −$1.73 | −$14.27 | −$5.79 |
| Operating cash flow per share | −$0.17 | −$1.50 | −$0.75 | $0.92 | −$1.58 | $2.41 | $5.37 | $2.16 | $4.73 | $6.19 |
| Free cash flow per share | −$0.51 | −$2.12 | −$1.29 | $0.24 | −$2.65 | $1.56 | $2.90 | −$2.96 | $0.99 | −$1.27 |
| Cash per share | $29.42 | $28.26 | $28.15 | $33.52 | $35.40 | $16.44 | $41.32 | $47.77 | $56.23 | $33.56 |
| Book value per share | $45.26 | $28.81 | $31.05 | $31.75 | $32.68 | $8.80 | $10.92 | $15.11 | $19.32 | $25.67 |
| Tangible book value per share | $44.73 | $27.11 | $29.60 | $30.24 | $31.21 | $7.45 | $9.28 | $13.13 | $16.88 | $23.08 |
| Dividends per share | — | — | — | — | — | — | — | — | $4.91 | — |
| Capex per share | $0.34 | $0.62 | $0.54 | $0.68 | $1.07 | $0.86 | $2.47 | $5.12 | $3.74 | $7.46 |
| Debt per share | — | $1.17 | $1.21 | $1.04 | $0.91 | $11.22 | $2.92 | $11.09 | $4.73 | $0.74 |
| Shares outstanding | 28.2M | 32.0M | 34.1M | 34.9M | 39.5M | 39.5M | 39.2M | 39.0M | 38.9M | 38.7M |
| Change in shares outstanding | −11.8% | −6.2% | −2.4% | −11.5% | +0.1% | +0.5% | +0.7% | +0.3% | +0.4% | +0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 35.8% | −10.1% | −2.8% | −1.4% | 113.3% | −22.2% | −29.4% | −10.1% | −63.6% | −20.1% |
| Return on invested capital (ROIC) | −17.7% | −88.4% | −120.4% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 23.4% | −5.5% | −1.6% | −0.8% | 36.6% | −3.1% | −5.0% | −2.0% | −18.6% | −8.0% |
| Return on tangible assets | 24.3% | −6.0% | −1.7% | −0.9% | 42.4% | −3.1% | −5.7% | −2.1% | −16.8% | −9.1% |
| Free cash flow margin | −2.5% | −11.4% | −7.3% | 1.1% | −12.5% | 8.2% | 16.9% | −6.1% | 2.1% | −3.0% |
| Income quality (OCF / net income) | −0.01 | — | — | — | −0.07 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | — | $37.5M | $41.4M | $36.5M | $36.1M | $442.8M | $114.5M | $432.0M | $183.6M | $28.7M |
| Cash & short-term investments | $830.7M | $904.4M | $960.3M | $1.17B | $1.40B | $648.6M | $1.62B | $1.86B | $2.19B | $1.30B |
| Net debt | −$830.7M | −$866.9M | −$918.9M | −$1.13B | −$1.36B | −$205.8M | −$1.51B | −$1.43B | −$2.00B | −$1.27B |
| Debt / equity | — | 0.04 | 0.04 | 0.03 | 0.03 | 1.27 | 0.27 | 0.73 | 0.24 | 0.03 |
| Debt / assets | — | 0.02 | 0.02 | 0.02 | 0.02 | 0.16 | 0.04 | 0.13 | 0.05 | 0.01 |
| Net debt / EBITDA | — | — | −37.36 | −15.78 | −7.78 | −1.79 | −211.87 | — | −64.09 | −11.33 |
| Current ratio | 2.90 | 3.24 | 3.26 | 3.18 | 3.16 | 1.76 | 1.83 | 1.96 | 2.28 | 1.98 |
| Quick ratio | 2.90 | 3.24 | 3.26 | 3.17 | 2.96 | 0.32 | 1.83 | 1.95 | 2.12 | 1.61 |
| Interest coverage | — | — | — | -0.1 | 13.0 | 11.8 | -5.0 | -8.2 | -51.2 | -86.4 |
| Working capital | $634.2M | $719.8M | $774.7M | $908.8M | $1.09B | $970.1M | $916.9M | $1.13B | $1.47B | $918.5M |
| Invested capital | $447.0M | $55.4M | $140.0M | −$25.5M | −$71.3M | $141.6M | −$1.08B | −$840.3M | −$1.25B | −$276.6M |
| Tangible asset value | $1.26B | $868.0M | $1.01B | $1.06B | $1.23B | $978.7M | $1.24B | $1.48B | $1.72B | $1.46B |
| Net current asset value | $609.9M | $229.8M | $294.2M | $458.7M | $636.5M | $464.7M | $632.8M | $571.0M | $1.06B | $845.4M |
| Graham number | $119.22 | — | — | — | $131.41 | — | — | — | — | — |
| Graham net-net per share | $17.89 | $4.93 | $6.38 | $10.21 | $14.87 | −$3.13 | $8.62 | $10.77 | $22.92 | $15.79 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $190.7M | — |
| Share buybacks (net) | $54.2M | $40.9M | $6.6M | $82.1M | $17.4M | $0 | $0 | $0 | $3.2M | $0 |
| Dividends + buybacks / free cash flow | — | — | — | 977.7% | — | 0.0% | 0.0% | — | 504.1% | — |
| Capex / revenue | 1.7% | 3.3% | 3.1% | 3.2% | 5.1% | 4.5% | 14.4% | 10.6% | 7.8% | 17.5% |
| Capex / operating cash flow | — | — | — | 73.9% | — | 35.5% | 45.9% | 237.3% | 79.1% | 120.5% |
| Capex / depreciation | 0.39 | 0.81 | 0.61 | 0.76 | 1.17 | 0.85 | 1.44 | 2.21 | 0.65 | 1.41 |
| Stock-based compensation / revenue | 0.3% | −0.0% | 0.1% | 0.7% | 1.0% | 1.9% | 2.7% | 0.1% | 2.2% | 1.2% |
| R&D / revenue | 42.4% | 42.7% | 46.6% | 35.5% | 32.2% | 32.3% | 34.9% | 23.4% | 22.1% | 21.4% |
| SG&A / revenue | 44.9% | 47.9% | 43.7% | 38.5% | 31.7% | 29.0% | 38.5% | 27.3% | 28.8% | 33.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.8 | 59.2 | 53.0 | 47.2 | 55.5 | 63.5 | 142.6 | 62.8 | 43.1 | 51.2 |
| Days of inventory on hand | — | — | — | 100.3 | 1,730.0 | 1,546.7 | 12.9 | 32.7 | 93.8 | 153.5 |
| Days payables outstanding | 100.3 | 88.8 | 126.5 | 137.1 | 173.9 | 192.1 | 310.8 | 97.9 | 84.9 | 68.4 |
| Cash conversion cycle (days) | -59.5 | -29.6 | -73.5 | 10.4 | 1,611.6 | 1,418.1 | -155.2 | -2.4 | 52.0 | 136.3 |
| Receivables turnover | 8.95 | 6.17 | 6.89 | 7.73 | 6.58 | 5.74 | 2.56 | 5.82 | 8.47 | 7.13 |
| Payables turnover | 3.64 | 4.11 | 2.88 | 2.66 | 2.10 | 1.90 | 1.17 | 3.73 | 4.30 | 5.34 |
| Inventory turnover | — | — | — | 3.64 | 0.21 | 0.24 | 28.34 | 11.15 | 3.89 | 2.38 |
| Asset turnover | 0.35 | 0.33 | 0.31 | 0.35 | 0.33 | 0.27 | 0.23 | 0.56 | 0.63 | 0.59 |
| Average receivables | $65.3M | $97.1M | $87.2M | $95.0M | $127.0M | $130.6M | $263.3M | $323.8M | $219.8M | $231.4M |
| Average payables | $36.1M | $40.3M | $50.5M | $71.9M | $97.5M | $114.5M | $204.0M | $287.6M | $240.8M | $161.1M |
| Average inventory | — | — | — | $52.6M | $970.1M | $921.4M | $8.5M | $96.1M | $266.1M | $361.7M |
| Intangibles / total assets | 0.9% | 3.1% | 2.6% | 2.7% | 2.6% | 1.9% | 2.4% | 2.3% | 2.8% | 3.9% |
Computed from SOHU's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SOHU valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Sohu.com traded at 1.1 times earnings. Based on the latest twelve months, the trailing P/E is 1.5 and the forward P/E is 9.1. Sohu.com earned a return on equity of 35.8% and a return on invested capital of −17.7% in fiscal 2025. It returned $54.2 million to shareholders: $0 in dividends and $54.2 million in share buybacks. The share count fell 27.1% from 38.7M to 28.2M over 9 years.
See the SOHU income statement, the SOHU chart for price history, or the SOHU stock overview for the latest quote and news.
SOHU key metrics FAQ
What is Sohu.com's P/E ratio?
Sohu.com's trailing P/E ratio is 1.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.1. At the end of fiscal 2025 it was 1.1.
What is Sohu.com's return on equity?
Sohu.com's return on equity (ROE) was 35.8% in fiscal 2025: net income of $394.1 million on average shareholders' equity of $1.1 billion.
What is Sohu.com's ROIC?
Sohu.com's return on invested capital was −17.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
Does Sohu.com buy back its shares?
Yes. Sohu.com spent $54.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −11.8% over the year, to 28.2M..
What is Sohu.com's free cash flow yield?
Sohu.com generated -$14.5 million of free cash flow in fiscal 2025, a free cash flow yield of −3.3% on its market value at year-end ($441.6 million).
What is Sohu.com's current ratio?
Sohu.com's current ratio was 2.90 at the end of fiscal 2025: current assets were 2.90 times current liabilities.