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Noah Holdings Limited NOAH
$ 8.07 0.62%
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Quarterly report 2025-Q4
added 05-08-2026

Noah Holdings Limited Financial Ratios 2025-2009 | NOAH

Brief overview of Noah Holdings Limited's market valuation

The comparison uses the five latest available annual observations between 2021 and 2025.

The valuation comparison uses P/E 6.53x (median 6.41x), P/B 0.37x (median 0.42x), P/CF 3.74x (median 6.74x). Valuation is roughly 13.7% below five-year reference levels. The discount may reflect opportunity or higher perceived risk.

Current earnings relative to valuation equal about 15.3% on the 1/P/E measure. This is a valuation reference, not an expected payout.

Capital efficiency is characterized by ROE 5.7%, ROA 4.8%, ROCE 7.9%. Efficiency ratios are restrained, with capital and assets producing modest returns.

Financial-company multiples cannot be compared directly with industrial businesses; P/B and sustainable capital returns remain central.

What the ratios show

Noah Holdings Limited's multiples look low against history, but fundamental returns do not yet provide convincing support.

Annual Financial Ratios Noah Holdings Limited

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

P/E

6.5 6.4 4.4 4.4 8.0 -2.0 1.3 1.7 1.8 13.0 17.6 15.0 16.0 15.7 15.8 - -

P/S

1.4 1.2 1.3 1.4 2.5 0.4 0.3 0.4 0.5 3.3 4.4 4.4 5.0 4.1 5.3 - -

EPS

1.6 1.4 2.9 2.9 3.9 -24.0 27.1 27.7 27.0 22.9 19.1 16.0 11.5 - - - -

EV (Enterprise Value)

1.05 B 993 M 1.48 B 2.16 B 13.3 B -1.41 B -1.42 B 511 M 1.48 B 862 M 869 M 10.7 M -15.2 M 528 M 489 M - -

EBITDA per Share

2.68 2.25 3.62 3.64 4.01 43.7 33.4 34.8 30.4 12.9 10.6 10.5 6.95 3.11 2.94 - -

EV/EBITDA

1.1 1.3 1.2 1.7 0.8 -1.2 -2.3 -0.0 1.7 -1.6 -0.3 -1.2 -1.1 -2.3 -3.0 - -

PEG

-0.27 -0.3 -0.3 -0.37 0.02 -0.05 0.04 0.04 0.03 0.65 0.28 6.35 0.13 -3.13 0.87 - -

P/B

0.4 0.3 0.4 0.4 1.3 0.2 0.1 0.2 0.3 2.5 3.8 3.6 3.7 2.1 2.4 - -

P/CF

3.7 7.9 3.4 6.7 6.9 1.9 0.8 1.3 2.2 2.2 2.7 1.9 1.4 2.0 3.3 - -

ROE %

5.69 4.78 9.79 10.38 16.14 -10.24 10.53 13.14 16.92 19.32 21.88 24.25 22.92 13.18 14.89 - -

ROA %

4.76 4.04 7.96 8.28 12.07 -7.93 8.46 10.12 11.75 10.81 13.08 16.80 16.96 11.11 13.25 - -

ROCE %

7.90 6.37 10.65 11.57 14.73 16.57 11.03 14.42 16.63 15.23 17.85 28.07 25.19 14.43 15.29 - -

Current Ratio

6.7 6.7 5.6 5.1 4.0 4.4 5.1 4.4 3.3 3.0 3.4 3.3 4.2 7.2 10.2 - -

DSO

62.5 68.6 55.5 29.3 18.5 36.1 27.0 25.4 24.5 197.6 84.8 72.1 73.0 61.3 40.3 - -

DPO

37.3 30.7 27.8 14.8 - - - - - 193.1 59.3 - 27.6 24.9 45.9 - -

Operating Cycle

62.5 68.6 55.5 29.3 18.5 36.1 27.0 25.4 24.5 197.6 84.8 72.1 73.0 61.3 40.3 - -

Cash Conversion Cycle

25.1 37.9 27.7 14.5 18.5 36.1 27.0 25.4 24.5 4.5 25.5 72.1 45.5 36.3 -5.6 - -

All numbers in CNY currency

Quarterly Financial Ratios Noah Holdings Limited

2025-Q4 2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2009-Q4

EPS

1.6 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA per Share

2.68 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ROE %

5.69 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ROA %

4.76 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ROCE %

7.90 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Current Ratio

6.7 6.7 5.6 5.1 - - - 4.0 - - - 4.4 - - - 5.1 - - - 4.4 - - - 3.3 - - - 2.7 - - - 2.6 - - - 3.6 - - - - - - - - - - - - - - - - -

DSO

7.3 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

4.7 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in CNY currency

Multiples are an important financial analysis tool for the company Noah Holdings Limited, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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