GDS Holdings Ltd GDS Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$22.35 up $0.37, 1.68% at close Nov 6
Last close · Previous close $21.98
- Market cap
- $4.48BAt the Nov 6 close
- P/E ratio
- 10.40On last 12 months’ EPS
- Diluted EPS
- $2.15Last 12 months
- Dividend yield
- NoneLast 12 months
Price chart
$22.35up $0.37, 1.68%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$21.98Nov 5
- Volume4.10MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume2.79MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $20.57 to $48.61; now $22.35
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
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Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
GDS beat the S&P 500 in 1 of 7 periods.
| Period | GDS and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | GDS: down 28.0% S&P 500: down 5.6% | GDS trailed the S&P 500 by 22.4 percentage points Trailed |
| 3M | GDS: down 29.8% S&P 500: down 4.1% | GDS trailed the S&P 500 by 25.7 percentage points Trailed |
| YTD | GDS: down 36.0% S&P 500: up 8.7% | GDS trailed the S&P 500 by 44.7 percentage points Trailed |
| 1Y | GDS: down 34.1% S&P 500: up 10.9% | GDS trailed the S&P 500 by 45.0 percentage points Trailed |
| Long term | ||
| 3Y | GDS: up 99.7% S&P 500: up 75.0% +25.9% vs +20.5% a year | GDS beat the S&P 500 by 24.7 percentage points Beat |
| 5Y | GDS: down 61.7% S&P 500: up 67.8% −17.4% vs +10.9% a year | GDS trailed the S&P 500 by 129.5 percentage points Trailed |
| 10Y | GDS: up 123.5% S&P 500: up 313.1% +8.4% vs +15.2% a year | GDS trailed the S&P 500 by 189.6 percentage points Trailed |
$10,000 invested in GDS 10 years ago (Nov 4, 2016) would be worth about $22,350 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
GDS beat the S&P 500 in 1 of 7 periods.
| Period | GDS and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | GDS: down 28.0% S&P 500: down 5.6% | GDS trailed the S&P 500 by 22.4 percentage points Trailed |
| 3M | GDS: down 29.8% S&P 500: down 4.3% | GDS trailed the S&P 500 by 25.5 percentage points Trailed |
| YTD | GDS: down 36.0% S&P 500: up 7.8% | GDS trailed the S&P 500 by 43.8 percentage points Trailed |
| 1Y | GDS: down 34.1% S&P 500: up 9.7% | GDS trailed the S&P 500 by 43.8 percentage points Trailed |
| Long term | ||
| 3Y | GDS: up 99.7% S&P 500: up 68.8% +25.9% vs +19.1% a year | GDS beat the S&P 500 by 30.9 percentage points Beat |
| 5Y | GDS: down 61.7% S&P 500: up 56.9% −17.4% vs +9.4% a year | GDS trailed the S&P 500 by 118.6 percentage points Trailed |
| 10Y | GDS: up 123.5% S&P 500: up 252.6% +8.4% vs +13.4% a year | GDS trailed the S&P 500 by 129.1 percentage points Trailed |
$10,000 invested in GDS 10 years ago (Nov 4, 2016) would be worth about $22,350 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$115.71
Closing high on . Now 80.7% below that record.
Split-adjusted daily closes since Nov 2, 2016.
Stock splits
GDS hasn’t split since its price history begins in 2016.
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
10.4×The Nov 6 close ÷ diluted EPS over the last 12 months ($2.15)
The range covers daily P/E ratios from Oct 28, 2021 to Nov 6, 2026, each based on the previous 12 months of earnings.
GDS trades at 10.4× its earnings over the last 12 months, below its 5-year median of 11.2×. In plain terms, buyers are paying about $10 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 2.5×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 8.3×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 7.0×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - −2.42%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $9.34BAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own GDS DCF in Excel. Value GDS Holdings with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $1.77Bup 16.5%
- Net income
- $543.04Mdown 15.4%
- Diluted EPS
- $2.15down 35.7%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $367.92M | −$27.01M | −$0.16 |
| Q4 FY24 (Dec 31, 2024) | $368.58M | $573.88M | $3.09 |
| Q1 FY25 (Mar 31, 2025) | $375.09M | $105.10M | $0.47 |
| Q2 FY25 (Jun 30, 2025) | $403.38M | −$10.06M | −$0.07 |
| Q3 FY25 (Sep 30, 2025) | $405.50M | $101.96M | $0.45 |
| Q4 FY25 (Dec 31, 2025) | $415.01M | −$66.34M | −$0.35 |
| Q1 FY26 (Mar 31, 2026) | $487.99M | $383.87M | $1.53 |
| Q2 FY26 (Jun 30, 2026) | $456.80M | $123.55M | $0.52 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $1.22B | −$197.63M | −$1.13 |
| FY22 (Dec 31, 2022) | $1.33B | −$182.05M | −$1.18 |
| FY23 (Dec 31, 2023) | $1.38B | −$605.09M | −$3.34 |
| FY24 (Dec 31, 2024) | $1.41B | $469.23M | $2.49 |
| FY25 (Dec 31, 2025) | $1.62B | $134.89M | $0.63 |
Margins
- Gross 24.9%
- Operating 4.4%
- Net 30.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$108.55MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$517.54MLast 12 months
- Capital spending$626.09MLast 12 months
- −6.1%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- Not reportedLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paidNot reportedLast 12 months
Balance sheet
- $3.71BAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$7.01BAs of Jun 30, 2026
- Net debt$3.30BAs of Jun 30, 2026
- 1.78As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 1.62As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 5 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✗Return on assets improved: not passed
- ✗Operating cash flow exceeded net income: not passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 13.8%Last 12 months
Over the last 12 months, GDS Holdings’s net income was 13.8% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 4.6%Last 12 months
Over the last 12 months, GDS Holdings’s net income was 4.6% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
About GDS Holdings Ltd
GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in mainland China and, through an equity investment in its international affiliate, in Hong Kong and South East Asia. The Company’s facilities are strategically located in primary economic hubs where demand for high-performance data center services is concentrated. The Company also builds, operates and transfers data centers at other locations selected by its customers in order to fulfill their broader requirements. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 23-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations.
- Sector
- Technology
- Industry
- Information Technology Services
- Headquarters
- China
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
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GDS stock FAQ
What is GDS stock’s price today?
GDS Holdings (GDS) traded at $22.35 at the close on , up $0.37 (1.68%) from the previous close of $21.98. Over the past 52 weeks it has traded between $20.57 and $48.61.
If you invested $1,000 in GDS 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in GDS on would be worth about $2,235 at the close on , a total return of +123.5%. The same $1,000 would be worth $383 if invested five years ago and $659 if invested one year ago. Past performance doesn’t predict future returns.
What is GDS Holdings’s market cap?
GDS Holdings’s market capitalization is about $4.5 billion. That’s Tiingo’s daily market cap for , at that day’s closing price of $22.35 (how market cap works). GDS Holdings reported 1.60B shares outstanding at the end of its latest quarter ().
What is GDS’s P/E ratio?
GDS trades at 10.4 times its diluted earnings over the four quarters to ($2.15 per share), at the close. Over the past five years its P/E has ranged from 5.6 to 71.8, with a median of 11.2. (How the P/E ratio works.)
How much revenue does GDS Holdings make?
GDS Holdings reported $1.8 billion of revenue over the four quarters to , up 16.5% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $456.8 million, up 13.2% from a year earlier.
Is GDS Holdings profitable?
Yes. GDS Holdings earned $543.0 million of net income over the four quarters to , a net margin of 30.8%, and its operating margin was 4.4% (what margins tell you).
What are GDS’s earnings per share?
GDS’s diluted earnings per share were $2.15 over the four quarters to , compared with $3.34 in the twelve months before. The latest quarter (Q2 FY26) brought $0.52 per share, against −$0.07 a year earlier (how EPS works).
Does GDS pay a dividend?
GDS Holdings hasn’t paid a dividend in the last twelve months.
What is GDS’s 52-week high and low?
Over the past 52 weeks GDS has traded as low as $20.57 and as high as $48.61. At $22.35 at the close on , it is 54.0% below that high and 8.7% above the low.
What is GDS’s all-time high?
GDS’s highest closing price was $115.71 on , adjusted for stock splits. At $22.35 at the close on , it is 80.7% below that record.
Has GDS stock ever split?
No. GDS hasn’t split since its price history begins in 2016.
How has GDS stock performed?
Including dividends and measured to the close on , GDS has returned −36.0% so far this year and −34.1% over the past year, and −61.7% over five years (−17.4% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is GDS Holdings in?
GDS Holdings is in the Technology sector and the Information Technology Services industry, and is headquartered in China.
What exchange does GDS trade on?
GDS Holdings trades on the Nasdaq under the ticker symbol GDS. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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