KE Holdings (BEKE) Stock Overview
Through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
BEKE Community Fair Values
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Analyst Price Targets
KE Holdings Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$15.52 |
| 52 Week High | US$20.98 |
| 52 Week Low | US$14.40 |
| Beta | -0.35 |
| 1 Month Change | -12.81% |
| 3 Month Change | -3.84% |
| 1 Year Change | -14.40% |
| 3 Year Change | 3.33% |
| 5 Year Change | -69.60% |
| Change since IPO | -58.55% |
Recent News & Updates
Narrative Update • Jun 04
BEKE: Profit Beat And Ongoing Buybacks Will Support Future Upside Potential
KE Holdings' analyst fair value estimate has moved from $25.18 to $27.14 as analysts adjust their models and raise price targets toward the mid $20s following the company's Q1 profit beat and updated outlooks. Analyst Commentary Recent Street research has turned more constructive on KE Holdings following the Q1 profit beat, with several bullish analysts revisiting their models and revising assumptions that feed into valuation work.Seeking Alpha • Jun 02
KE Holdings: Business Showed Improvements, But It Is Not Enough
Summary KE Holdings remains a hold; margin recovery and cost discipline are evident, but revenue continues to decline. BEKE’s Q1 2026 EBIT more than doubled, and net income grew 46.7% y/y, despite a 19% y/y revenue drop. The existing home segment shows resilience, with platform and value-added services up 4% y/y, supporting a more bullish outlook. Valuation at ~18.5x forward P/E is reasonable, but a major re-rate requires revenue stabilization and improvement in new home performance. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jun 04
BEKE: Profit Beat And Ongoing Buybacks Will Support Future Upside Potential
KE Holdings' analyst fair value estimate has moved from $25.18 to $27.14 as analysts adjust their models and raise price targets toward the mid $20s following the company's Q1 profit beat and updated outlooks. Analyst Commentary Recent Street research has turned more constructive on KE Holdings following the Q1 profit beat, with several bullish analysts revisiting their models and revising assumptions that feed into valuation work.Seeking Alpha • Jun 02
KE Holdings: Business Showed Improvements, But It Is Not Enough
Summary KE Holdings remains a hold; margin recovery and cost discipline are evident, but revenue continues to decline. BEKE’s Q1 2026 EBIT more than doubled, and net income grew 46.7% y/y, despite a 19% y/y revenue drop. The existing home segment shows resilience, with platform and value-added services up 4% y/y, supporting a more bullish outlook. Valuation at ~18.5x forward P/E is reasonable, but a major re-rate requires revenue stabilization and improvement in new home performance. Read the full article on Seeking Alpha
Narrative Update • May 15
BEKE: Buybacks And Dividend Decision Will Drive Future Re Rating Potential
Analysts have raised their fair value estimate for KE Holdings to about $21 per share, citing updated assumptions for revenue growth, profit margins, and future P/E that are consistent with a series of recent Buy ratings and $23 price targets from major firms. Analyst Commentary Recent Street research around KE Holdings has concentrated around a cluster of Buy ratings and a series of US$23 price targets, which line up with the updated fair value estimate of about US$21 per share.Analysis Article • May 01
KE Holdings' (NYSE:BEKE) Anemic Earnings Might Be Worse Than You Think
A lackluster earnings announcement from KE Holdings Inc. ( NYSE:BEKE ) last week didn't sink the stock price. Our...Narrative Update • Apr 30
BEKE: Positive Catalyst Watch And Governance Moves Will Support Long Term Upside
Analysts have trimmed their fair value estimate for KE Holdings from about $25.76 to about $25.18, reflecting updated assumptions for revenue growth, profit margins and future P/E multiples following recent research that included both a lowered $23 price target and a short term positive catalyst watch. Analyst Commentary Recent Street research on KE Holdings has been mixed, but there are several points that bullish analysts highlight when they look at the updated fair value estimate and current share price.Narrative Update • Apr 15
BEKE: Positive Catalyst Watch And Buybacks Will Drive Future Upside Potential
Analysts have trimmed their fair value estimate for KE Holdings by about $0.51, reflecting a slightly higher discount rate and updated views on growth, margins and future P/E, following recent price target adjustments and mixed research calls from major firms. Analyst Commentary Recent Street research on KE Holdings sends a mixed signal, with some firms flagging a short term positive setup and others pulling back on their stance or trimming price targets.
Narrative Update • Apr 01
BEKE: Softer Outlook And Downgrades Will Test Premium Multiple Going Forward
KE Holdings' latest analyst price target has been revised to $23 from $25, as analysts factor in softer revenue expectations and profit margins, along with a higher assumed P/E multiple for the stock. Analyst Commentary Recent Street research signals a more cautious tone around KE Holdings, with price targets trimmed and at least one downgrade highlighting rising concern around the balance between growth expectations, margins, and valuation.Narrative Update • Mar 18
BEKE: Softer Revenue Outlook Will Pressure Premium Multiple Going Forward
Analysts have trimmed their average price target on KE Holdings by $2 to $23, reflecting updated views on revenue growth, margins, and valuation multiples following recent research changes. Analyst Commentary Recent research reflects a more cautious tone around KE Holdings, with price targets adjusted and ratings revisited as analysts reassess the balance between growth potential, execution, and valuation risk.Narrative Update • Mar 04
BEKE: Refined P/E And Margin Assumptions Will Support Long Term Upside
Analysts now see a modestly higher fair value for KE Holdings, lifting their price target by about $0.48 as they factor in updated views on discount rates, profit margins, and future P/E multiples, following recent target cuts and a downgrade from $25 to $23 at major firms. Analyst Commentary Recent Street research on KE Holdings reflects mixed views, but there are still some clear positive angles that bullish analysts are leaning into as they refine their models and targets.Narrative Update • Feb 17
BEKE: Margin Discipline And Higher Future P/E Will Drive Upside Potential
Analysts have modestly lifted their fair value estimate for KE Holdings to about $20.93, citing updated assumptions around discount rates, profit margins, revenue growth and future P/E multiples, even as some firms, including one recent downgrade, reassess the stock's risk and return profile. Analyst Commentary Analyst sentiment around KE Holdings is mixed, with the recent downgrade at Goldman Sachs highlighting areas of concern even as some models support a fair value estimate near US$20.93 based on updated assumptions.Narrative Update • Feb 03
BEKE: Future Execution Risks Will Weigh On Premium Multiple
Analysts have trimmed their price targets on KE Holdings to about US$15.29 from roughly US$19.03, reflecting updated assumptions for slower revenue growth, slightly lower profit margins, a higher discount rate, and a reduced future P/E multiple. Analyst Commentary Bearish analysts have been resetting expectations on KE Holdings, with recent commentary pointing to a more cautious stance on both execution and valuation.Narrative Update • Jan 20
BEKE: Massive Completed Buyback Will Likely Drive Long Term Shareholder Upside
Analysts kept their fair value estimate for KE Holdings broadly unchanged at about $25.28 per share, with only small adjustments to inputs such as the discount rate, expected revenue growth, profit margin and future P/E assumptions guiding the latest price target update. What's in the News Class action securities litigation involving KE Holdings has a proposed settlement of US$4.95 million, with a court hearing scheduled for February 27, 2026 in the Southern District of New York to consider approval of the settlement, plan of allocation, and legal fees (Lawsuits & Legal Issues).Narrative Update • Jan 05
BEKE: Share Repurchases And Higher Future P/E Will Likely Reward Shareholders
Analysts have adjusted their price target for KE Holdings to US$25.28. This reflects updated views on discount rates, revenue growth expectations, profit margins, and the future P/E multiple.Narrative Update • Dec 21
BEKE Will Likely Reward Shareholders Through Completed Buybacks And Margin Improvement
Analysts have reduced their price target for KE Holdings by approximately one quarter to about $25 per share, citing a higher discount rate, more conservative revenue growth expectations, and a lower assumed future price to earnings multiple, partially offset by slightly improved profit margin forecasts. What's in the News Robbins Geller Rudman & Dowd LLP announced a proposed $4.95 million settlement of the KE Holdings securities class action, with a U.S. court hearing scheduled for February 27, 2026 to consider approval and related motions (Lawsuits & Legal Issues).Narrative Update • Dec 07
BEKE: Massive Share Repurchases Will Drive Future Upside Potential
Analysts have modestly raised their price target on KE Holdings, citing slightly stronger expectations for revenue growth and a marginally higher discount rate. Together, these factors support a refined valuation outlook.Narrative Update • Nov 23
BEKE: Share Repurchase Program And Platform Expansion Will Support Long-Term Upside
KE Holdings' analyst price target has been reduced from $24.50 to $22. This change reflects analysts' expectations of softer industry trends and revised revenue estimates following the latest quarterly results.Analysis Article • Nov 13
KE Holdings Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a good week for KE Holdings Inc. ( NYSE:BEKE ) shareholders, because the company has just released its latest...Narrative Update • Nov 06
BEKE: Share Repurchase Expansion And Digital Tools Will Drive Long-Term Value
Analysts have slightly lowered their price target for KE Holdings, now projecting $22.55 per share compared to the previous $22.83. They cite persistent softness in China's property market and recent downward revisions to the company's growth estimates.Narrative Update • Aug 27
AI Integration And Market Expansion Will Transform Customer Experience And Operational Efficiency
Analysts have lowered their price target for KE Holdings to $23.21, citing persistent weakness in China’s property market, deteriorating industry trends, and a lack of supportive policy actions, which have led to reduced forecasts for home transaction volumes and revenue. Analyst Commentary Softer industry trends observed in both existing and new home sales since June, leading to reduced revenue and GTV estimates.Analysis Article • Aug 04
KE Holdings (NYSE:BEKE) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 04
With EPS Growth And More, KE Holdings (NYSE:BEKE) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 19
KE Holdings Inc.'s (NYSE:BEKE) Popularity With Investors Is Clear
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...Seeking Alpha • Mar 26
KE Holdings: Rating Upgrade On Solid Growth Momentum
Summary Upgraded BEKE to a buy rating due to strong 4Q24 earnings, with net revenue up 54.1% y/y and GTV up 55.5% y/y. Existing home market momentum is accelerating post-policy support, with transaction volume up ~40% y/y after Chinese New Year, signaling a housing recovery. New home services show structural monetization improvements, with revenue growing 72.7% y/y, indicating BEKE's successful platform leverage and margin accretion. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
KE Holdings: A Data-Driven Powerhouse Reshaping China's Real Estate Landscape
Summary We are bullish on KE Holdings due to its strong competitive moat, data-driven platform, and attractive valuation amidst China's challenging property market. BEKE's unparalleled competitive moat and flywheel effect drive growth in real estate transactions, renovation, furnishing, and rental services, positioning it as a market leader. Beihaojia's data-driven C2M model could revolutionize China's residential development by improving efficiency, reducing developer risks, and shifting the market to a buyer-driven model. BEKE's current valuation at 1.3x forward EV/Revenue and 17x forward earnings multiple offers an attractive upside, with a target price implying an 18% increase. Read the full article on Seeking AlphaSeeking Alpha • Dec 02
KE Holdings: Upside Is Attractive, But I Prefer To Wait For More Proof
Summary I give a hold rating for KE Holdings as I await more proof of sustainable demand improvement in the Chinese property market. BEKE's 3Q24 earnings exceeded expectations with a 12.5% y/y GTV growth and a 26.8% y/y revenue increase, despite a challenging macro environment. Positive macro indicators, including significant transaction volume growth in tier 1 cities and improved consumer expectations. While BEKE's strategic investments and demand momentum are promising, I prefer to see two more quarters of sustained improvement before recommending a buy rating. Read the full article on Seeking Alpha
New Narrative • Nov 24
Rapid Platform Expansion And Decisive Collaborations Drive Real Estate Growth And Profitability
KE Holdings' strong growth in home transactions and strategic collaborations could drive future revenue and market share expansion.Seeking Alpha • Nov 04
KE Holding: Recent Rally Has Priced In Stimulus Effect, Downgrade To 'Hold'
Summary BEKE's stock price has risen significantly since the Chinese government's stimulus package. The Chinese government's stimulus package has positive short-term effects but limited long-term effects. BEKE's valuation has reflected much optimism. Read the full article on Seeking AlphaSeeking Alpha • Aug 14
KE Holdings: Still Undervalued After A Solid Quarter
Summary KE Holdings reported strong Q2 2024 results, with GTV and net revenues increasing, demonstrating resilience in a challenging real estate market. Net revenues from new businesses like home renovation and furnishing, and home rental services showed impressive growth, offsetting mixed results from existing home transaction services. BEKE's strong balance sheet, increased share repurchase program, and undervalued current level indicate potential for over 50% upside, maintaining a "buy" rating. Read the full article on Seeking AlphaSeeking Alpha • Jun 14
KE Holdings: Still Neutral Considering Investor Day And Industry Data
Summary The long-term growth outlook for KE Holdings' new businesses like home rental is positive considering the company's disclosures at its Investor Day. But the performance of BEKE's core transaction services businesses is likely to be subdued for the near term, judging by the Mainland Chinese residential property market's recent data. I have chosen to retain a Hold rating for KE Holdings, as there are mixed signals from the latest industry numbers and the recent Investor Day. Read the full article on Seeking AlphaShareholder Returns
| BEKE | US Real Estate | US Market | |
|---|---|---|---|
| 7D | -3.0% | -0.6% | 2.3% |
| 1Y | -14.4% | -12.7% | 25.5% |
Return vs Industry: BEKE underperformed the US Real Estate industry which returned -12.7% over the past year.
Return vs Market: BEKE underperformed the US Market which returned 25.5% over the past year.
Price Volatility
| BEKE volatility | |
|---|---|
| BEKE Average Weekly Movement | 5.8% |
| Real Estate Industry Average Movement | 7.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: BEKE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: BEKE's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 119,245 | Stanley Peng | bj.ke.com |
KE Holdings Inc., through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company operates through five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home rental services, and Emerging and Other Services. It operates Beike, an integrated online and offline platform for housing transactions and services; Lianjia, a real estate brokerage brand; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers.
KE Holdings Inc. Fundamentals Summary
| BEKE fundamental statistics | |
|---|---|
| Market cap | US$18.63b |
| Earnings (TTM) | US$502.20m |
| Revenue (TTM) | US$13.34b |
35.7x
P/E Ratio1.3x
P/S RatioIs BEKE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BEKE income statement (TTM) | |
|---|---|
| Revenue | CN¥90.14b |
| Cost of Revenue | CN¥70.19b |
| Gross Profit | CN¥19.95b |
| Other Expenses | CN¥16.56b |
| Earnings | CN¥3.39b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.94 |
| Gross Margin | 22.13% |
| Net Profit Margin | 3.76% |
| Debt/Equity Ratio | 2.5% |
How did BEKE perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield63%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 21:31 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
KE Holdings Inc. is covered by 40 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tianli Wen | Aletheia Analyst Network Limited |
| Jiong Shao | Barclays |
| Xiaomeng Zhuang | BofA Global Research |