China's National Press and Publication Administration issued 621 game licenses in the third quarter of 2026, up 34% year on year and roughly twice the quarterly average over the past six years.
The shift to China-developed, globally launched titles structurally lowers content cost, widening the margin gap between NetEase and Western studio-heavy peers.
NetEase’s historical strength in MMORPGs could become a long‑term vulnerability if player preferences continue shifting toward faster‑paced, session‑based, or socially driven genres.
|
Metric
|
NTES
|
3659
|
7974
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.54 | 17.37 | 23.76 |
Price/Book Value | 3.14 | 1.93 | 3.14 |
Price/Sales | 4.67 | 4.10 | 4.00 |
Price/Cash Flow | 11.54 | 20.00 | 28.48 |
|
Metric
|
NTES
|
3659
|
7974
|
|---|---|---|---|
Quick Ratio | 3.26 | 3.95 | 3.11 |
Current Ratio | 3.45 | 5.85 | 3.96 |
Interest Coverage | — | — | 2,487.34 |
|
Metric
|
NTES
|
3659
|
7974
|
|---|---|---|---|
Return on Assets (Normalized) | 16.06% | 10.25% | — |
Return on Equity (Normalized) | 22.31% | 13.05% | — |
Return on Invested Capital (Normalized) | 18.73% | 8.35% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NetEase Inc Ordinary Shares
NETTF
| — | LOCK|%ZY< | $79B | |||
| Nintendo Co Ltd
NTDOF
| — | LOCK|qY | $58B | |||
| Nintendo Co Ltd ADR
NTDOY
| — | LOCK|NS | $58B | |||
| Take-Two Interactive Software Inc
TTWO
| LOCK|MwY&X?B | LOCK|dD!k | $38B | |||
| Roblox Corp Ordinary Shares - Class A
RBLX
| LOCK|>Vj<#Qc? | LOCK|^m@@^ | $31B | |||
| Konami Group Corp ADR
KONMY
| — | LOCK|?wwHY | $19B | |||
| Konami Group Corp
KNAMF
| — | LOCK|@S@ts | $19B | |||
| NEXON Co Ltd ADR
NEXOY
| — | LOCK|XSk# | $13B | |||
| GigaMedia Ltd
GIGM
| — | LOCK|kz@ | $16M |
United States