Market Capitalization & Enterprise Value
Research-grade valuation history for ZKH. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.
Market Cap & Enterprise Value
Comparison of market capitalization and enterprise value over time
Market Cap
Enterprise Value
Market Cap History
Investor Valuation Insights
As of Mar 31, 2026EV/EBITDA
-241.23x
Negative EV/EBITDA usually means negative EBITDA; compare with revenue and cash flow metrics.
EV vs Market Cap Spread
-665.82M
EV is -15.9% vs equity value
Capital Structure Signal
Net Cash Profile
EV premium trend: -4.1 pp vs earliest data
Additional Multiples
EV/Sales: 1.24x
Net Debt/EBITDA: 61.53x
Share count change in dataset: +25.54%
Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.
Market Cap & Enterprise Value Data
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| Date | Market Cap | Enterprise Value | Stock Price | Shares |
|---|---|---|---|---|
| Dec 31, 2025 | 4.18B | 3.51B | $25.73 | 162.46M |
| Dec 31, 2024 | 4.20B | 3.32B | $25.62 | 163.89M |
| Dec 31, 2023 | 18.19B | 17.93B | $112.14 | 162.17M |
Dec 31, 2022 | — | — | — | — |
Dec 31, 2021 | — | — | — | — |
Dec 31, 2020 | — | — | — | — |