KE Holdings Inc ADR

BEKE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Beike: Valuation Cut by 8% on Lower Top-Line Growth Forecasts; Shares Fairly Priced

Jeff Zhang

Nov 5, 2025

KE Holdings, or Beike, provided a more downbeat top-line outlook for fourth quarter 2025, citing deterioration in gross transaction value across new and existing properties due to a high base effect. This aligns with a 40% year-on-year decline in the top 100 developers' sales value in October.

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KE Holdings Inc ADR

Beike: Valuation Cut by 8% on Lower Top-Line Growth Forecasts; Shares Fairly Priced

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