# KE Holdings share price today (KE Holdings Inc., BEKE)

> KE Holdings Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BEKE · Real Estate · Real Estate Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/beke

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## Key numbers

- Business trend: Getting better, from fewer quarters than usual
- Price: $17.60 (+3.2% in a year)
- P/E: 28.7×, against its own history
- Revenue (Jun 2026): CNY 24.5 B (−5.7% on a year ago)
- Profit (Jun 2026): CNY 2.6 B (+101.6% on a year ago)
- Operating margin: 12.3% (+8.1 points on a year ago)
- ROE: 5%, FY25
- ROIC: 9.5%, against a 2.6% cost of capital: +6.9 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the KE Holdings share price today? KE Holdings Inc.'s share price was $17.60 at the close on 3 November 2026. It has been stalling near its high for 5 weeks. That is 4.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $19, and at that close it sat 72% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 8 weeks in a row. Over the last 6.2 years the share price moved −47% while the S&P 500 moved +124%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does KE Holdings pay? KE Holdings Inc. declared CNY 1.93 per local share for Dec 2025. It reports in Chinese yuan, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is KE Holdings on? KE Holdings is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is KE Holdings profitable? KE Holdings Inc. earned CNY 2.6 B of net profit in the Jun 2026 quarter, +101.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was CNY 3.0 B. That is 10.7% of the quarter's revenue. The same quarter a year earlier earned CNY 1.3 B. For the full year, FY25 profit was CNY 3.0 B (−26.3% on the year before). Why profit moved: revenue changed −5.7% on a year earlier and the margin moved +8.1 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +6.9% and revenue −12.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much revenue does KE Holdings make, and is it growing? KE Holdings Inc. reported CNY 24.5 B of revenue in the Jun 2026 quarter, −5.7% on the same quarter a year earlier. Over 4 years it has grown 4.0% a year on average. The last full year, FY25, came in at CNY 94.6 B. The last four reported quarters add to CNY 88.7 B. FY25 revenue was CNY 94.6 B, +1.2% on the year before. Recent pace: the last four quarters grew −12.8% on average, against 4.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −14.0%, against +6.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +21.0%, against +6.6% a year (accelerating). This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much of its sales does KE Holdings keep? KE Holdings Inc.'s operating margin was 12.3% in the Jun 2026 quarter, 8.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between −1.1% and 6.3%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +8.1 percentage points on the year while gross margin changed +6.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is KE Holdings' profit turning into cash? Over the last 3 years, 158% of KE Holdings Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 its operations used CNY 376 M of cash, against CNY 3.0 B of profit. After CNY 608 M of spending on assets, free cash was −CNY 984 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## Where does KE Holdings' cash go? KE Holdings Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent CNY 2.5 B on assets over the last 3 years. Averaged over those years that is 0.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: CNY 2.5 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is KE Holdings' P/E ratio, and how does it compare with its own history? KE Holdings Inc.'s P/E is 28.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the KE Holdings business getting better or worse? KE Holdings Inc.'s business is getting better. Profit growth hit its low 6 quarters ago at −25.5% and has recovered to +21.0%, with ROCE steady at 6.5%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: a lasting rise from a low is what this page is built to show. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does KE Holdings earn on its capital? KE Holdings Inc. earned a ROE of 5% in FY25. That is up from a low of −2% in FY22. Its return on capital used (ROIC) is 6.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.2% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 3.2% net margin × 0.81× asset turnover × 1.75× leverage (assets divided by equity) ≈ 4.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.5% − 2.6% = +6.9 percentage points. The 2.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 9.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 3.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does KE Holdings have too much debt? KE Holdings Inc. has total debt of CNY 14.4 B against shareholder equity of CNY 65.6 B as of Jun 2026, so its debt is 0.22× its equity, which is very little. Year by year, that ratio went from 0.11 in FY21 to 0.28 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is the KE Holdings shareholding pattern? We have no ownership or short-position figures for KE Holdings Inc., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 5.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is KE Holdings from balance-sheet trouble? For KE Holdings Inc., the Z-score is 3.13. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.13 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does KE Holdings rank in its industry? There is no score against its industry: KE Holdings Inc. is not among the largest members shown in this industry comparison for Real Estate Services. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is KE Holdings compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to KE Holdings in size? KE Holdings is the 2nd largest of 24 Real Estate Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: CBRE Group, Inc. Just below it: Jones Lang LaSalle Incorporated, CoStar Group, Inc., Compass, Inc., FirstService Corporation and Colliers International Group Inc. ### Real Estate Services companies close in size

1. [CBRE Group, Inc.](https://www.sectoralpha.in/us/stocks/cbre) $39.1 billion
2. KE Holdings Inc. $20.1 billion
3. [Jones Lang LaSalle Incorporated](https://www.sectoralpha.in/us/stocks/jll) $17.1 billion
4. [CoStar Group, Inc.](https://www.sectoralpha.in/us/stocks/csgp) $12.6 billion
5. [Compass, Inc.](https://www.sectoralpha.in/us/stocks/comp) $7.1 billion
6. [FirstService Corporation](https://www.sectoralpha.in/us/stocks/fsv) $6.2 billion
7. [Colliers International Group Inc.](https://www.sectoralpha.in/us/stocks/cigi) $5.3 billion

[All 24 Real Estate Services companies, largest first](https://www.sectoralpha.in/us/sectors/real-estate-services#all-companies)

### Companies close in size in other industries

1. [Brookfield Renewable Partners L.P.](https://www.sectoralpha.in/us/stocks/bep) $20.5 billion · Utilities - Renewable
2. [Wipro Limited](https://www.sectoralpha.in/us/stocks/wit) $20.5 billion · Information Technology Services
3. KE Holdings Inc. $20.5 billion
4. [FTAI Aviation Ltd.](https://www.sectoralpha.in/us/stocks/ftai) $20.2 billion · Aerospace & Defense
5. [Best Buy Co., Inc.](https://www.sectoralpha.in/us/stocks/bby) $20.2 billion · Specialty Retail

## What else do people ask about KE Holdings? ### What were KE Holdings's latest quarterly results? KE Holdings Inc. reported revenue of CNY 24.5 B and net profit of CNY 2.6 B for the Jun 2026 quarter. Revenue fell 5.7% and profit rose 101.6% compared with a year earlier. The operating margin was 12.3%, 8.1 percentage points higher than a year earlier (as of 3 November 2026). ### What is KE Holdings's market cap? KE Holdings Inc.'s market capitalisation is $20.1 B at a stock price of $17.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is KE Holdings performing? KE Holdings Inc.'s share price has been stalling near its high for 5 weeks. In its latest quarter, revenue fell 5.7% and profit rose 101.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 8 weeks running (as of 3 November 2026). ### Will KE Holdings's stock price go up? This page does not forecast KE Holdings Inc.'s stock price. What it shows instead: the stock price is $17.60, and it has been stalling near its high for 5 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Is KE Holdings's profit real cash? Yes, over the last 3 years, 158% of KE Holdings Inc.'s reported profit came in as cash from operations. The latest year was lower at -13%, so the trend is worth watching. In FY25, operating cash was −CNY 376 M against reported profit of CNY 3.0 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is KE Holdings in its business cycle? KE Holdings Inc.'s FY25 operating margin was 2.4%, against a 5-year range of −1.1% to 6.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the KE Holdings story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is KE Holdings a stock worth studying right now? What the numbers show: KE Holdings Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.