ZKH Group Limited (ZKH) Key Metrics
ZKH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $276.1M
- Enterprise value
- $259.1M
- P/E (TTM)
- 35.0
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.0
- Price / book
- 1.0
- EV / EBITDA
- 167.4
- Dividend yield
- —
- Beta
- 0.40
ZKH key metrics, FY2025–FY2026
Fiscal year ended September 30, 2026 · U.S. dollarsZKH returns How much profit the business earns on the capital it uses.
ZKH financial health Debt, liquidity and how easily interest is covered.
ZKH efficiency & capital use Working capital cycle and where the cash goes.
ZKH valuation history
ZKH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ZKH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ZKH cash returned to shareholders
ZKH price vs earnings per share
ZKH key metrics
FY2025–FY2026| FY2026 | FY2025 | |
|---|---|---|
| Valuation | ||
| Market capitalization | $456.5M | — |
| Enterprise value | −$1.04B | — |
| Price / sales | 0.1 | — |
| Price / book | 0.2 | — |
| Price / operating cash flow | 53.4 | — |
| EV / sales | -0.1 | — |
| Earnings yield | −30.6% | — |
| Free cash flow yield | −9.4% | — |
| Shareholder yield (dividends + buybacks) | 8.7% | — |
| Share price at fiscal year-end | $2.81 | $2.85 |
| Per share | ||
| Revenue per share | $55.32 | — |
| Earnings per share | −$0.86 | — |
| Operating cash flow per share | $0.05 | — |
| Free cash flow per share | −$0.26 | — |
| Cash per share | $11.81 | — |
| Book value per share | $18.12 | — |
| Tangible book value per share | $17.73 | — |
| Capex per share | $0.32 | — |
| Debt per share | $2.63 | — |
| Shares outstanding | 162.5M | — |
| Returns & profitability | ||
| Return on equity (ROE) | −4.6% | −8.7% |
| Return on invested capital (ROIC) | −10.8% | −15.9% |
| Return on assets (ROA) | −2.1% | −4.1% |
| Return on tangible assets | −2.2% | −4.1% |
| Free cash flow margin | −0.5% | 1.7% |
| Financial health | ||
| Total debt | $427.3M | $548.6M |
| Cash & short-term investments | $1.92B | $1.97B |
| Net debt | −$1.49B | −$1.42B |
| Debt / equity | 0.15 | 0.18 |
| Debt / assets | 0.07 | 0.08 |
| Current ratio | 1.79 | 1.85 |
| Quick ratio | 1.60 | 1.67 |
| Interest coverage | -18.8 | -17.8 |
| Working capital | $2.71B | $2.85B |
| Invested capital | $1.45B | $1.68B |
| Tangible asset value | $2.88B | $3.04B |
| Net current asset value | $2.55B | $2.68B |
| Graham net-net per share | $7.34 | — |
| Capital allocation | ||
| Share buybacks (net) | $39.9M | $40.8M |
| Dividends + buybacks / free cash flow | — | 27.9% |
| Capex / revenue | 0.6% | 0.9% |
| Capex / operating cash flow | 603.5% | 36.2% |
| Capex / depreciation | 1.07 | 1.52 |
| Stock-based compensation / revenue | 0.6% | 1.2% |
| R&D / revenue | 1.8% | 1.9% |
| SG&A / revenue | 12.9% | 14.7% |
| Efficiency | ||
| Days sales outstanding | 136.6 | 139.7 |
| Days of inventory on hand | 31.5 | 31.5 |
| Days payables outstanding | 128.0 | 128.2 |
| Cash conversion cycle (days) | 40.1 | 43.0 |
| Receivables turnover | 2.67 | 2.61 |
| Payables turnover | 2.85 | 2.85 |
| Inventory turnover | 11.60 | 11.59 |
| Asset turnover | 1.37 | 1.33 |
| Average receivables | $3.36B | $3.35B |
| Average payables | $2.63B | $2.55B |
| Average inventory | $647.8M | $625.4M |
| Intangibles / total assets | 1.0% | 0.9% |
Computed from ZKH's annual financial statements (latest annual report filed April 24, 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.
ZKH valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 35.0. ZKH earned a return on equity of −4.6% and a return on invested capital of −10.8% in fiscal 2026. It ended the year with $427.3 million of debt and $1.9 billion in cash and short-term investments, a net cash position of $1.5 billion. It returned $39.9 million to shareholders: $0 in dividends and $39.9 million in share buybacks.
See the ZKH income statement, the ZKH chart for price history, or the ZKH stock overview for the latest quote and news.
ZKH key metrics FAQ
What is ZKH's P/E ratio?
ZKH's trailing P/E ratio is 35.0 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2026 it was —.
What is ZKH's return on equity?
ZKH's return on equity (ROE) was −4.6% in fiscal 2026: net income of -$139.7 million on average shareholders' equity of $3.0 billion.
What is ZKH's ROIC?
ZKH's return on invested capital was −10.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ZKH have?
ZKH had total debt of $427.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.15 and more cash than debt.
Does ZKH buy back its shares?
Yes. ZKH spent $39.9 million on net share repurchases in fiscal 2026.
What is ZKH's free cash flow yield?
ZKH generated -$43.0 million of free cash flow in fiscal 2026, a free cash flow yield of −9.4% on its market value at year-end ($456.5 million).
What is ZKH's current ratio?
ZKH's current ratio was 1.79 at the end of fiscal 2026: current assets were 1.79 times current liabilities.