Alibaba Group Holding Ltd (9988) fair value: what the stock is really worth
We calculate from audited financials what Alibaba Group Holding Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Alibaba Group Holding Ltd
9988 · HKStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 22, 2026.
How to read this chart
60‑month range HK$58.80 – HK$212.42 · fair‑value band HK$54.21 – HK$123.84 · the HK$114.80 price screens above the HK$65.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 22, 2026.
Company profile
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.
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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.
Stock analysis
Alibaba Group Holding Ltd (9988) currently trades at HK$114.80, while our model-based Fair Value estimate is HK$65.40, implying the stock looks roughly 75.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$237.16 per share, and 5 of the 17 models we run sit above the HK$114.80 price.
Bear case: the Economic Profit group reads lowest at HK$15.24, and 12 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$54.21 (bear) to HK$123.84 (bull), the price of HK$114.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Alibaba Group Holding Ltd reported revenue of 1.0T CNY in FY2026 versus 853B CNY in FY2022, a compound +4.7%/yr. Reported net income was 104B CNY in FY2026, compounding +13.6%/yr from FY2022.
Key figures
Market cap HK$2.1T (≈ $264B) · P/E ratio 17.1 · P/S ratio 1.73 · EPS (TTM) HK$3.36 · Dividend yield 0.9% · Net margin 10.1% · Return on equity 9.2% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 3% fair-value upside, at −43%, 9988 screens richer than that median.
Fair Value models
All 17 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 40
Revenue & earnings trend
9988 screens 76% overvalued. Compare with Amazon.com, Inc →
Recent news
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- Alibaba Jumps 4.3% With Qwen's Brief U.S. Government Appearance
- Alibaba’s (BABA) Short-Term Capex Drag Creates a 30% Valuation Discount
Compare Alibaba Group Holding Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Retail · 108 stocks
Valuation Multiplesvs Internet Retail median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Internet Retail stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amazon.com, Inc AMZN | $258.45 | $127.67 | −51% |
| PDD Holdings PDD | $78.08 | $298.09 | +282% |
| MercadoLibre, Inc MELI | $1,829 | $2,012 | +10% |
| DoorDash, Inc DASH | $198.26 | $203.66 | +3% |
| Sea Limited SE | $103.50 | $129.32 | +25% |
| JD.com, Inc 89618 | ¥90.85 | ¥70.41 | −22% |
| eBay Inc EBAY | $108.03 | $118.83 | +10% |
| Coupang, Inc CPNG | $14.40 | $4.06 | −72% |
| Delivery Hero SE DHER | €36.61 | €12.71 | −65% |
| Wayfair Inc W | $103.24 | $34.24 | −67% |
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Key figures of Alibaba Group Holding Ltd
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