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36Kr Holdings Inc (KRKR) Fair Value & Analysis

Communication Services · US · Market cap $5.7M · ISIN US88429K1034

What is 36Kr Holdings Inc really worth?

3H 36Kr Holdings Inc logo 36Kr Holdings Inc KRKR · US
Price$3.18
Fair Value$3.13
Upside−1.6%
Quality53/100

A solid business, currently priced close to our fair value of $3.13.

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Strengths

Low debt · generates free cash flow
Ranks above peers (9/10)

Risks

!Weak Growth (revenue 5y −10.5 %/yr)
!Thin margins · 4.9% net margin
!Narrow moat 35/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 24 out of 100
Evidence: Medium Range $2.57 – $3.65

Fair value as of: Aug 28, 2026

From 22 valuation models · updated 5 days ago

Share price +10.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

$52.60 $2.59 Fair Value $3.13 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range $2.59 – $52.60 · fair‑value band $2.57 – $3.65 · the $3.18 price screens above the $3.13 fair value. Dashed = 300-day average. As of Aug 28, 2026.

Full chart & analysis →

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Analysis

36Kr Holdings Inc (KRKR) currently trades at $3.18, while our model-based Fair Value estimate is $3.13, implying the stock looks roughly 1.6% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of $4.50 per share, and 14 of the 22 models we run sit above the $3.18 price. Bear case: the Asset-Based group reads lowest at $1.33, and 8 of the 22 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, 36Kr Holdings Inc generated revenue of $228M at a net margin of 4.9%. Revenue grew 4.7% year over year. It earns a return on equity of 9.2%. The balance sheet holds a net cash position of $74.7M. Fundamentals as of Aug 28, 2026

Our scenario range runs from $2.57 (bear case) to $3.65 (bull case); at $3.18, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 70% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −13% fair-value upside, at −2%, KRKR screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.0268 per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence $3.86 $4.40 $5.28 82
Growth DCF $3.91 $4.42 $5.18 80
Owner Earnings $4.11 $4.72 $5.70 78
All 22 models by family
DCF Models
FCF DCF best evidence $3.86 $4.40 $5.28 82
Owner Earnings $4.11 $4.72 $5.70 78
5Y Revenue Exit $3.41 $3.96 $4.75 74
5Y EBITDA Exit $4.01 $4.99 $6.29 77
5Y P/E Exit $4.00 $4.97 $6.13 72
10Y Revenue Exit $3.59 $3.97 $4.35 68
10Y EBITDA Exit $3.93 $4.51 $5.13 70
10Y P/E Exit $3.92 $4.50 $5.04 65
Earnings-Based
Graham-Dodd $1.14 $1.39 $1.56 67
EPV $2.72 $2.84 $2.93 74
Multiples
P/E Multiple $2.76 $3.68 $4.60 63
P/S Multiple $2.13 $2.84 $3.55 58
P/B Multiple $2.13 $2.84 $3.55 55
EV/EBIT $3.56 $4.16 $4.76 66
EV/EBITDA $4.55 $5.48 $6.42 67
EV/Revenue $3.12 $3.71 $4.29 54
Asset-Based
NCAV (Graham) $0.9921 $1.33 $1.98 54
Growth DCF
Growth DCF $3.91 $4.42 $5.18 80
Rev-Margin DCF $3.41 $4.02 $4.78 74
Economic Profit
Residual Income $1.50 $1.56 $1.58 71
ROIC Compounder $2.72 $2.86 $2.97 72
Growth Earnings
Growth-Adj P/E $1.95 $2.78 $3.61 67

Widest divergence: DCF Models ($4.50) versus Asset-Based ($1.33). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/E ratio 72.5 as of Jun 21, 2026
P/S ratio 3.55 P/E × margin
EPS (TTM) $0.0400 price ÷ EPS = P/E 72.5
Net margin 4.9% FY2025
Return on equity 9.2% TTM
Return on assets (EBIT) −14.4% avg 5y
More key figures
Profitability
Operating margin 11.3% TTM
Growth
Revenue (TTM) $228M TTM
Revenue growth (YoY) +4.7% 3y avg −11.7%
Balance sheet & cash flow
Free cash flow $18.9M FY2025
Net cash $74.7M FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 26

Profitability 47
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

36Kr Holdings Inc. provides content and business services in the People's Republic of China. It generates and distributes various content, including reports on companies and industries, market updates, editorials, and commentaries, as well as original video and audio content for technology, consumer, retail, healthcare, media and entertainment, and …

Full company description

36Kr Holdings Inc. provides content and business services in the People's Republic of China. It generates and distributes various content, including reports on companies and industries, market updates, editorials, and commentaries, as well as original video and audio content for technology, consumer, retail, healthcare, media and entertainment, and enterprise services industries. The company also provides online advertising services; enterprise value-added services, such as integrated marketing services, online/offline events, consulting services, and advertisement agent services; and subscription services to institutional investors. It distributes its content through self-operated and major third-party platforms. 36Kr Holdings Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

36Kr Holdings Inc reported revenue of 222M CNY in FY2025 versus 317M CNY in FY2021, a compound −8.5%/yr. Reported net income was 10.9M CNY in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$222M
Latest YoY
−4.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−11.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.5%
Avg. revenue growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.9%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
−26.9% (−26.9 + 0.0)
Revenue −8.5%/yr
FY21 317M CNY
FY22 322M CNY
FY23 340M CNY
FY24 231M CNY
FY25 222M CNY
Net income
FY21 −89.6M CNY
FY22 21.9M CNY
FY23 −90.0M CNY
FY24 −137M CNY
FY25 10.9M CNY

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Cite: Fair Value Calculator (2026). "36Kr Holdings Inc Fair Value". https://www.fairvalue-calculator.com/stock/KRKR

Peer Group

Advertising Agencies · 204 stocks

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.

Quality Score 53 · Above median
Fair Value upside −2% · Above median
Return on equity (TTM) 9% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth 5% · Above median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 72.5× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE31 · sector 23
FUTURE24 · sector 4
PAST37 · sector 3
HEALTH100 · sector 99
DIVIDEND0 · sector 57

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $317.76 $252.45 −21%
Publicis Groupe S.A PUB €101.65 €146.36 +44%
Omnicom Group OMC $87.89 $99.84 +14%
Focus Media Information Technology Co 002027 ¥4.97 ¥5.71 +15%
The Trade Desk, Inc TTD $13.57 $29.07 +114%
BlueFocus Intelligent Communications Group 300058 ¥13.37 ¥1.44 −89%
JCDecaux SE DEC €24.00 €20.99 −13%
WPP plc WPP $26.87 $19.05 −29%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 −85%
Magnite, Inc MGNI $24.53 $12.18 −50%

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Frequently asked questions

Is 36Kr Holdings Inc (KRKR) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of $3.13 versus a price of $3.18, about −2% upside (fairly valued).
What is the fair value of KRKR?
Our model-based fair value for 36Kr Holdings Inc is $3.13 (as of Aug 28, 2026), built from audited fundamentals. The current price: $3.18.
What is the quality score of KRKR?
36Kr Holdings Inc has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of 36Kr Holdings Inc (KRKR)?
36Kr Holdings Inc reported trailing-twelve-month revenue of about $228M (latest available figure, as of Aug 28, 2026).
What is the net profit margin of KRKR?
The net profit margin of 36Kr Holdings Inc is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
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