Vipshop Holdings Ltd (VIPS)

Retail-Catalog & Mail-Order Houses

Latest Price

$12.09

TTM P/E

0.17

Normalized P/E

0.17

Div Yield

17.78%

Book Value

P/B Ratio

Valuation metrics

EPS: $10.12

Book value / share: $400.50

Formula: √(22.5 × EPS × BVPS)

Graham Number

$301.98

+2398% upside

Norm. op. income: $5.9B (median of 7yr)

Tax rate: 19%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$545.17

+4409% upside

Base FCF: $5.5B (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$312.48

+2485% upside

EPS: $10.12

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$151.80

+1156% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FIL Ltd	26.07M	$345.0M	26.05%	+1.17M	2026-06-30
BlackRock, Inc.	19.06M	$252.0M	19.04%	-3.39M	2026-06-30
Invesco Ltd.	18.55M	$245.0M	18.53%	-464.2K	2026-06-30
Robeco Institutional Asset Management B.V.	13.67M	$181.0M	13.66%	+1.17M	2026-06-30
Krane Funds Advisors LLC	10.32M	$136.0M	10.31%	-1.11M	2026-06-30
DIMENSIONAL FUND ADVISORS LP	8.25M	$109.0M	8.24%	-371.4K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	6.81M	$90.0M	6.80%	-265.3K	2026-06-30
STATE STREET CORP	6.73M	$89.0M	6.72%	-329.2K	2026-06-30
LSV ASSET MANAGEMENT	6.51M	$86.0M	6.51%	+335.2K	2026-06-30
Carmignac Gestion	4.92M	$65.0M	4.92%	--	2026-06-30