KE Holdings Inc. (BEKE) Stock

About KE Holdings Inc.

KE Holdings Inc., through its various subsidiaries, operates a comprehensive online and offline ecosystem facilitating real estate transactions and services across the People's Republic of China. Its business activities are categorized into five distinct segments: existing home sales, new home sales, home improvement and furnishing solutions, rental property services, and emerging and other offerings. At its core, the company manages the Beike platform, which integrates its digital and physical real estate services. Alongside this, it oversees Lianjia, a prominent real estate brokerage chain, and the innovative Agent Cooperation Network (ACN), which serves as an operating system fostering collaboration and mutual benefit among diverse service providers. Further expanding its reach, KE Holdings also encompasses the Deyou brand, dedicated to connected brokerage stores, among other proprietary labels. Beyond core transactions, the firm extends its offerings to include property management and operational services for rental properties, as well as critical support functions like secure payment processing, escrow services, and contractual assistance. Established in 2001, KE Holdings Inc. maintains its headquarters in Beijing, China.

KE Holdings Inc. is headquartered in CN.

KE Holdings Inc. (BEKE) stock trades at $17.61 with a market capitalization of $19.50B. The stock is valued at a price-to-earnings (P/E) ratio of 38.32, price-to-book of 2.01, price-to-sales of 1.44. Over the past 52 weeks the stock has ranged between $13.81 and $20.98, and currently trades 16.1% below its 52-week high.

On profitability, KE Holdings Inc. generates a return on equity (ROE) of 4.95%, return on capital employed of 4.77%, an operating margin of 3.87%, a net profit margin of 3.78%.

In its most recent fiscal year, KE Holdings Inc. reported annual revenue of $94.6B, net profit of $3.0B. Over the last 5 fiscal years, revenue grew at an average annual rate of 6.1%, and net profit grew at an average annual rate of 1.5%.

The balance sheet shows a debt-to-equity ratio of 0.25 (debt below half of shareholders' equity), a current ratio of 1.63, total assets of $116.7B, $7.8B in cash and equivalents.

BEKE has an average daily trading volume of 4,696,393 shares, a beta of -0.33.

Official website: bj.ke.com

KE Holdings Inc. by the numbers, 2017–2025

Between 2017 and 2025 KE Holdings Inc. reported revenue of $25.5B rising to $94.6B, a change of +270.8% across 9 years. Compounded, revenue has grown 6.1% a year over five years, 15.9% over three, 1.2% over the last twelve months. Net profit rose to $3.0B.

Operating margin went from -3.0% in 2017 to 3.0% in 2025, a gain of 6.0 percentage points. The most recent net margin is 3.78%. On a trailing twelve-month basis to Mar '26, revenue is $90.1B and net profit $3.4B.

Borrowings rose from $5.7B to $18.8B, cash on hand is $53.7B, cash from operations was $-366.0M in the latest year, positive in 7 of the last 9.

Return on equity has averaged 3.1% over five years, and was 4.5% in the most recent year.

The share price itself has compounded at -13.4% a year over five years, 8.2% over three, -4.0% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

KE Holdings Inc. (BEKE) — frequently asked questions