GDS Holdings Limited (HKG:9698)

GDS Holdings Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 4, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	54,923	35,877	13,576	30,637	68,730	135,691
Market Cap Growth	84.45%	164.27%	-55.69%	-55.42%	-49.35%	131.28%
Enterprise Value	92,873	88,525	58,026	69,749	96,395	156,973
Last Close Price	33.60	22.80	9.06	20.50	45.30	90.35
PE Ratio	9.09	10.07	-	-	-	-
PS Ratio	4.49	3.27	1.26	2.92	7.16	19.91
PB Ratio	1.88	1.42	0.61	1.12	2.16	4.28
P/TBV Ratio	2.51	2.10	1.00	1.82	3.62	5.31
P/OCF Ratio	15.18	17.39	5.97	9.65	46.61	356.07
EV/Sales Ratio	7.58	8.06	5.38	6.66	10.04	23.03
EV/EBITDA Ratio	17.52	18.95	12.63	16.04	24.84	57.85
EV/EBIT Ratio	93.90	72.47	65.66	84.98	137.89	196.42
Debt / Equity Ratio	1.75	1.88	2.19	1.85	1.46	0.92
Debt / EBITDA Ratio	8.76	9.09	9.40	10.28	10.60	9.67
Asset Turnover	0.14	0.14	0.13	0.13	0.12	0.13
Quick Ratio	2.41	1.23	1.21	1.05	0.89	2.34
Current Ratio	2.51	1.28	1.32	1.13	1.07	2.40
Return on Equity (ROE)	4.84%	-3.52%	-17.72%	-4.41%	-4.53%	-3.52%
Return on Assets (ROA)	1.10%	0.97%	0.67%	0.62%	0.55%	0.95%
Return on Capital (ROIC)	1.19%	1.08%	0.75%	0.69%	0.62%	1.06%
Return on Capital Employed (ROCE)	2.00%	1.80%	1.20%	1.10%	1.00%	1.40%
Earnings Yield	11.00%	10.16%	-34.81%	-5.38%	-2.26%	-0.60%
FCF Yield	-2.10%	-3.90%	-11.04%	-19.72%	-15.50%	-6.91%
Payout Ratio	0.97%	1.58%	-	-	-	-
Buyback Yield / Dilution	-21.84%	-0.47%	-0.26%	-0.79%	-15.90%	-13.66%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.