Reality Gap
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Alibaba

9988.HK · Consumer Discretionary · Hang Seng · HKD

Latest observation

Q4 2025

Reality Gap Values

RG8 Q4 2025 1.7
RG10 Q4 2025 1.5
RG12 Q4 2025 1.3

Trend (RG10 vs prior period)

+ Increasing

Supporting Data (Q4 2025)

Market Capitalisation HKD 2,881.2B
Tangible Equity (TE) HKD 775.6B
Smoothed Earnings G (4yr avg) HKD 118.7B
Net Income (this period) HKD 65.5B

Values in HKD billions.

Historical RG Overview

Period Mkt Cap (HKD B) TE (HKD B) RG8 RG10 RG12
Q4 2025 2,881.2 775.6 1.7 1.5 1.3
Q3 2025 2,890.8 775.6 1.6 1.4 1.3
Q2 2025 2,024 775.6 1.1 1.0 0.9
Q1 2025 2,101.9 775.6 1.2 1.1 1.0
Q1 2024 1,280.5 775.6 0.9 0.8 0.8
Q1 2023 1,371.6 775.6 1.0 0.9 0.9

RG10 Trend

RG8 RG10 RG12

Shorter history than other companies.

Data Note

Computed via yfinance. Historical end-of-quarter closing price × current shares outstanding. Older quarters estimated from annual NI / 4. Approximation.

All data is illustrative and for research purposes only. Not investment advice. Market cap for historical periods approximated as shares outstanding × year-end closing price (H-share basis).