Take-Two Interactive Software, Inc. (TTWO)
Similar size · 0.52x market cap
Electronic Gaming & Multimedia
YouTube · Q1 FY2027 · 2026-08-07
NTES · NasdaqGS
NetEase, Inc.
Electronic Gaming & Multimedia · China
USD 116.19-0.4% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$74.39B
- Trailing P/E
- 15.49x
- Forward P/E
- 10.80x
- Quarterly revenue growth
- 7.9%
- Trailing net margin
- 27.9%
- Indicated dividend yield
- 2.5%
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-19 (provider estimate, not issuer-confirmed).
Company background
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. NetEase, Inc. was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. The company was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
Company websiteQ2 2026
Go beyond the headline.
NetEase (NTES): The 23% Miss Never Touched The Games Business
Published 2026-08-22
Comparable businesses
NTES peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | NTESNetEase, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | TTWOTake-Two Interactive Software, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | RBLXRoblox CorporationSnapshot 2026-09-20Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$74.39B | US$38.42B | US$34.16B | US$36.29Bn=2 |
| Forward P/EProvider forward earnings estimate | 10.80x | 19.96x | — | — |
| EV / EBITDAEnterprise value / trailing EBITDA | — | 51.58x | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 7.9% | 2.0% | 35.9% | 18.9%n=2 |
| Operating marginLatest reported quarter | 40.2% | 0.5% | -13.3% | -6.4%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | — | 3.3% | 4.3% | 3.8%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -3.76x | 1.46x | — | — |
| Debt / equityTotal debt / positive book equity | 0.07x | 0.82x | 14.23x | 7.52xn=2 |
| Trailing P/ETrailing twelve-month earnings | 15.49x | — | — | — |
| Price / bookPrice / positive book equity per share | 14.94x | 10.85x | 224.51x | 117.68xn=2 |
| EV / salesEnterprise value / trailing revenue | — | 5.91x | 5.80x | 5.85xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | -18.7% | — | — | — |
| Gross marginTrailing twelve months | 67.2% | 57.1% | 25.7% | 41.4%n=2 |
| Net marginTrailing twelve months | 27.9% | -4.8% | -17.6% | -11.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 20.4% | -9.0% | -432.3% | -220.7%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 28.1% | 18.8% | 26.0% | 22.4%n=2 |
| Dividend yieldIndicated annual dividend / price | 2.5% | — | — | — |
| Earnings payoutProvider trailing dividend payout | 41.7% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 3.45x | 1.06x | 0.82x | 0.94xn=2 |
| BetaProvider historical market sensitivity | 0.79 | 0.97 | 1.47 | 1.22n=2 |
YouTube · Q1 FY2027 · 2026-08-07
YouTube · Q2 2026 · 2026-07-31
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for NTES
Q2 20262026-08-22
NetEase (NTES): The 23% Miss Never Touched The Games Business
Presentation · 2026-08-22 · YouTube
Q1 20262026-05-22
NTES Stock: BUY Call - Gaming Giant Trades At 15x Q1 2026
Presentation · 2026-05-22 · YouTube