36Kr Holdings Inc.
Rank #111ValueKRKR · Nasdaq · Communication Services
36Kr Holdings Inc. (KRKR) — Rank #111 by gross profitability (GP/assets 0.44) · ROE 8.7% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001779476 · all metrics point-in-time as of the filing date.
About
36Kr Holdings Inc. provides content and business services in the People's Republic of China.
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It generates and distributes various content, including reports on companies and industries, market updates, editorials, and commentaries, as well as original video and audio content for technology, consumer, retail, healthcare, media and entertainment, and enterprise services industries. The company also provides online advertising services; enterprise value-added services, such as integrated marketing services, online/offline events, consulting services, and advertisement agent services; and subscription services to institutional investors. It distributes its content through self-operated and major third-party platforms. 36Kr Holdings Inc.
was founded in 2010 and is headquartered in Beijing, the People's Republic of China.
- Industry
- Advertising Agencies
- Sector
- Communication Services
- State
- E9
- Filer Category
- Non-accelerated filer
- Fiscal Year End
- December 31
- Website
- 36Kr.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$6.26M
P/E (annual)
288.2
P/S (annual)
0.0
P/B
0.0
P/OCF (annual)
0.3
Shareholder Yield
-0.5%
Employees
295
Industry
Advertising Agencies
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
38.3%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.5% — per-share value needs a total required return of 38.8% once share-count change is priced in.
vs. own 6-year median revenue growth: -9.7%
Cost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
32.3%
r = 10% (base)
38.3%
r = 12%
43.5%
Net debt / market cap: -5.6%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.44
Primary signal (Novy-Marx).
6th of 9 SIC 7389 peers
Return on equity
8.7%
Gross margin
57.7%
5th of 9 SIC 7389 peers
Revenue growth (YoY)
-1.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-10.9%
Revenue CAGR (5Y)
-10.0%
Earnings CAGR (3Y)
-20.2%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.30
7th of 7 SIC 7389 peers (best = lowest)
Current ratio
1.21×
8th of 9 SIC 7389 peers
Quick ratio
1.06×
Net cash
$187.18M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$18.86M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.69
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.0%
Stock-based comp intensity.
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).