| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 49 | 28.6x | 17.3x | Around median | |
Growth | 89 | 43.1% | 7.1% | Top tier | |
Quality | 79 | 8.2% | 4.5% | Top tier | |
Safety | 83 | 0.8x | 2.6x | Top tier | |
Capital Return | 49 | 0.00% | 0.06% | Around median | |
Momentum | 22 | -35.7% | -1.6% | Bottom tier | |
Sentiment | 39 | 15 | 3 | Bottom tier |
The floor: what the company is worth if growth stopped today
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Sea Limited operates an interconnected digital ecosystem comprising Shopee for e-commerce, Monee for digital financial services and credit, and Garena for gaming. Shopee generates revenue from transaction fees, advertising, and value-added services, particularly logistics, while Monee's growth relies primarily on credit and products such as SPayLater, and Garena benefits from gaming bookings led by Free Fire. In fiscal Q2 2026, Shopee's revenue of $5.6 billion represented about 72% of group revenue, compared with non-GAAP revenue of $1.4 billion for Monee and GAAP revenue of $747 million for Garena.
In fiscal Q2 2026, Sea's revenue rose 48% year over year to $7.8 billion, exceeding analyst estimates according to an August 11, 2026 report. Net income reached $458 million, up 11%, and adjusted earnings before interest, taxes, depreciation, and amortization increased 11% to $917 million, equivalent to about 11.8% of revenue. The much slower growth in earnings than in revenue reflects continued investment in user acquisition, logistics, and credit, alongside an increase in income tax expense to $251 million from $144 million in the comparable quarter.
The annual financial statements show a clear financial transformation: fiscal 2025 revenue rose to $22.9 billion from $16.8 billion in fiscal 2024, net income increased to $1.6 billion from $444.3 million, and earnings per share reached $2.52 compared with $0.74. Gross profit also increased to $10.2 billion from $7.2 billion, indicating a gross margin of about 44.5% compared with approximately 42.9%. This follows the company's transition from a net loss of $1.7 billion in fiscal 2022 to consecutive profits in fiscal 2023, 2024, and 2025.
The average analyst price target is $146.8, within a wide range of $125 to $156, with a consensus rating of “Buy.” The average is about 26% below the 52-week range high of $199.3 and about 91% above its low of $77.05, reflecting a broad range of potential revaluation, while no current price-to-earnings ratio is available in the provided data to support an earnings-based comparison. Fiscal 2025 revenue growth and improved profitability support the positive outlook, but slower earnings growth relative to revenue and Monee's provisioning risks justify the gap between the highest and lowest targets.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Shopee was the largest driver, with GAAP revenue of $5.6 billion out of Sea's total revenue of $7.8 billion, or about 72% of the group. Core marketplace revenue, which primarily includes transaction fees and advertising, reached $4.3 billion, up 66% year over year. Shopee also recorded gross merchandise value of $38.3 billion, up 28%, and 4.2 billion orders, up 27%.
Shopee generated $255 million in adjusted earnings before interest, taxes, depreciation, and amortization in fiscal Q2 2026, up 12% year over year. At the same time, gross merchandise value rose 28%, and average monthly new active buyers grew by more than 35%. Management targets more than $1 billion in adjusted earnings before interest, taxes, depreciation, and amortization for Shopee during fiscal 2026, while achieving this remains tied to balancing investment, growth, and efficiency improvements.
Automated analysis for informational purposes only — not investment advice.
Garena's bookings grew 15% to $764 million in fiscal Q2 2026, while its GAAP revenue rose 34% to $747 million. Free Fire maintained an average of more than 100 million daily active users, and the Booyah Olé campaign generated more than 350 million views across social media. Garena is also diversifying its portfolio through Palworld Online and Monster Hunter Outlanders instead of relying entirely on a single title.
Shopee launched a digital assistant available to sellers around the clock and implemented a generative algorithm to improve search, recommendations, and conversion rates. The platform also uses tools such as Shop GMV Max, intelligent advertising diagnostics, and personalized content to improve seller returns, after advertising revenue rose by more than 70% in fiscal Q2 2026. At Monee, underwriting models improved approval rates by about 10% at a similar risk level, while income-document verification tools reduced review time by about 95%.
Management maintained its target of approximately 25% growth in Shopee's gross merchandise value during fiscal 2026. Shopee also targets more than $1 billion in adjusted earnings before interest, taxes, depreciation, and amortization over the same period, after generating $255 million in fiscal Q2 2026. Management warned of weakness in several market currencies against the dollar and a higher comparison base in fiscal Q3 and Q4 2026, adding execution risks to these targets.