Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
NOAH Financial ServicesBeta data
Noah Holdings Limited
$6.77-2.31%
Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026
Basics
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- Singapore
- Market cap
- 464.7M USD
- Enterprise value
- -201.0M USD
- Full-time employees
- 1,582
Growth
Is it growing?26/100
Weak
3/3 inputs reported · High confidence
Since last year: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ 3-yr revenue
- ▼ Revenue growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth17.8%
Yahoo Finance · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.28Sector median: 0.0999 · MAD: 0.27733-year revenue growth-5.6%
SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -1.82Sector median: 0.0999 · MAD: 0.0858Revenue growth0.3%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.48Sector median: 0.0742 · MAD: 0.1477Profitability
Does it earn well?65/100
Moderate
3/3 inputs reported · High confidence
Since last year: ▲ Stronger
- Operating margin rose 5.4 points to 29.5%
Why
Compare with peers Stronger than most peers on:
- ▲ ROA
- ▲ ROIC
- ▲ Operating margin
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating margin29.5%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.41Sector median: 0.2353 · MAD: 0.1462Return on assets4.8%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.95Sector median: 0.0256 · MAD: 0.0233Return on invested capital11.2%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.95Sector median: 0.0630 · MAD: 0.0518Other data (not scored)
Gross margin56.3%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122Return on equity6.2%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702Risk
Debt, liquidity, price swingsLower
Lower relative risk
3/3 inputs reported · High confidence
Since last year: No major change
Why
Compare with peers Stronger than most peers on:
- ▲ Debt / equity
- ▲ Current ratio
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Beta0.81
Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.34Sector median: 0.7010 · MAD: 0.3115Current ratio3.60×
Yahoo FinanceReported value33% base weight · Z-score 1.27Sector median: 2.0250 · MAD: 1.2470Debt / equity0.01×
Yahoo FinanceReported value33% base weight · Z-score 1.04Sector median: 0.5734 · MAD: 0.5454Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Noah
- Is Noah getting weaker?
- Its latest SEC filing (Apr 29, 2026) got stronger: operating margin rose 5.4 points to 29.5%. Its overall score is unchanged at 54/100 since Oct 28, 2026.
- How is Noah valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is Noah growing?
- More slowly than most of its peers. Growth scores 26/100 against 432 financial services peers. Earnings per share growth 17.8% vs a peer median of 10.0% (stronger than 62% of peers).Earnings per share growth 17.8% vs peers 10.0% (stronger than 62% of peers). 3-year revenue growth -5.6% vs a peer median of 10.0% (weaker than 85% of peers).3-year revenue growth -5.6% vs peers 10.0% (weaker than 85% of peers).
- How profitable is Noah?
- More profitable than most of its peers. Profitability scores 65/100 against 432 financial services peers. Return on assets 4.8% vs a peer median of 2.6% (stronger than 69% of peers).Return on assets 4.8% vs peers 2.6% (stronger than 69% of peers).
- How risky is Noah?
- Lower risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Debt / equity 0.01× vs a peer median of 0.57× (stronger than 93% of peers).Debt / equity 0.01× vs peers 0.57× (stronger than 93% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Year ended Dec 31, 2025 · filed Apr 29, 2026 · compared with the year ended Dec 31, 2024Got stronger
- Operating margin rose 5.4 points to 29.5%
| Previous year | Latest year | Change | |
|---|---|---|---|
| Revenue (12 months) | 2.6B CNY | 2.6B CNY | +0.3% |
| Net income (12 months) | 475.4M CNY | 558.9M CNY | +17.5% |
| Operating margin | 24.2% | 29.5% | +5.4 pts |
| Free cash flow (12 months) | 305.2M CNY | 842.5M CNY | +176.1% |
| Cash | 3.8B CNY | 4.4B CNY | +14.1% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.
Financials
Fiscal years from SEC annual filings · change vs the prior year · amounts in CNY, as reported| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Operating margin | 27.7% | 34.8% | 33.1% | 24.2% | 29.5% | ▲ 5.4 pts |
| Net margin | 30.4% | 31.2% | 30.4% | 18.1% | 21.3% | ▲ 3.1 pts |
| Return on assets (ROA) | 12.1% | 8.3% | 8.0% | 4.0% | 4.8% | ▲ 0.7 pts |
| Return on equity (ROE) | 16.3% | 10.4% | 9.8% | 4.8% | 5.7% | ▲ 0.9 pts |
| Free cash flow margin | -17.3% | 18.2% | 35.0% | 11.6% | 32.0% | ▲ 20 pts |
| Current ratio | 2.42× | 3.32× | 3.76× | 4.53× | 4.46× | ▼ 1.6% |
NOAH price history
Price history is added with the daily price update and will appear after the next one.