NetEase operates online games (Diablo Immortal, Lost Ark, Final Fantasy XIV) and cloud music streaming (163 Music with 200+ million users) alongside education and advertising services. The company benefits from structural tailwinds in Chinese gaming monetization and a fortress balance sheet with minimal debt, which allows it to fund development and acquisitions without dilution. The near-term catalyst is stabilization of its core games portfolio after regulatory headwinds eased, combined with international expansion of titles that have already proven successful in China. Trading at 11.5x forward earnings with a 40% operating margin and 20% ROE, NetEase offers attractive valuation relative to both its profitability and growth rate. The music streaming business, though smaller, operates at scale with 200+ million users and provides a diversified revenue stream less exposed to gaming cycles.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 21 Oct 2026, 12:04 CEST | Rating | Fairly valued | first publication | $125 |
| 21 Oct 2026, 12:04 CEST | Fair value | $114 | $166 | $125 |
| 18 Oct 2026, 01:52 CEST | ACCE price target | $148 | $124 | $126 |
| 17 Oct 2026, 00:00 CEST | Fair value | $166 | $163 | $127 |
| 12 Oct 2026, 00:00 CEST | Fair value | $163 | $96.79 | $124 |
| 27 Sept 2026, 00:00 CEST | Fair value | $96.79 | $100 | $775 |
| 24 Sept 2026, 00:00 CEST | Fair value | $100 | $98.97 | $796 |
| 19 Sept 2026, 00:00 CEST | ACCE price target | $124 | first publication | $116 |
| 13 Sept 2026, 00:00 CEST | Fair value | $98.97 | $101 | $776 |
| 8 Sept 2026, 00:00 CEST | Fair value | $101 | $102 | $801 |
Answered from NetEase Inc. American Depositary Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| NTES NetEase Inc. American Depositary Shares | $118.61 | $114 | 4% above | 16.5x | 20.4% | 95 | 63 |
| 9999.HK NetEase, Inc. | HK$181.80 | HK$285 | 36% below | 16.2x | 20.4% | 95 | 61 |
| 7974.T Nintendo | ¥8699.00 | ¥5156 | 69% above | 21.2x | 14.9% | 51 | 48 |
| EA Electronic Arts Inc. Common Stock | $209.70 | $110 | 90% above | 49.0x | 16.5% | 87 | 88 |
| TTWO Take-Two Interactive Software Inc. Common Stock | $207.81 | - | - | - | -9.0% | 34 | 29 |
| RBLX Roblox Corporation Class A Common Stock | $53.96 | - | - | - | -432.3% | 21 | 37 |
| 9766.T Konami Group Corporation | ¥25175.00 | - | - | 21.0x | 21.2% | 91 | 80 |
Where NTES ranks against its sector peers on each metric.