Stock fact sheet · data as of
KE Holdings Inc. (BEKE): fair value, margin of safety and Wheel Score
Real Estate · Real Estate - Services · China · ADR · Defensive
Is BEKE undervalued?
KE Holdings Inc. (BEKE) closed at 17.83 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 25.02, so the price sits 29% below it. 6 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between EPV (6.99) and 10 Cap (58.16). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BEKE under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for BEKE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 15.84 | -11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 25.49 | +43% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 20.41 | +14% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.76 | -56% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 38.49 | +116% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 58.16 | +226% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 24.95 | +40% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 27.07 | +52% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 6.99 | -61% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 15.55 | -13% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 22.60 | +27% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
KE Holdings Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.6/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.5%, ROE 4.5%, ROA 2.6% - with debt at 0.28 times equity and a free-cash-flow yield of 0.5%.
The dividend yield is 1.52% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from New home transaction services 52%, Existing home transaction services 43%, Emerging and other services 5% (fiscal year FY2022).
Institutional ownership scores 1/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.5% |
|---|---|---|---|
| GLS Moat | 3.6 / 10 | ROE | 4.5% |
| Debt / equity | 0.28 | ROA | 2.6% |
| Free-cash-flow yield | 0.5% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 85: Prime
With a Wheel Score of 85, KE Holdings Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 24/25, Health 16/20, Moat 5/15, Premium 20/20, Stability 20/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 46% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 262,382 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 6.8M shares a day on a market cap of $20.6B, with a beta of -0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 24 / 25 | 29% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 5 / 15 | moat 3.6/10 | |
| Premium | 20 / 20 | implied volatility 46% | |
| Stability | 20 / 20 | 6.8M shares/day, $20.6B cap, beta -0.33 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 10 Nov 2026 (before the open), 25 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Real Estate - Services
The 12 companies below are the closest to KE Holdings Inc. by market cap within the Real Estate - Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JLL Jones Lang LaSalle Incorporated | 310.79 | 621.27 | +50% | 89Prime | $14.3B |
| CSGP CoStar Group, Inc. | 32.00 | 9.38 | -241% | 60Fair | $13.0B |
| CBRE CBRE Group, Inc. | 135.49 | 73.61 | -84% | 61Fair | $39.2B |
| COMP Compass, Inc. | 9.62 | 5.05 | -91% | 47Weak | $7.3B |
| BPYPN Brookfield Property Partners L.P. | 13.53 | 159.97 | +92% | 39No options | $6.7B |
| BPYPO Brookfield Property Partners L.P. | 14.91 | 159.97 | +91% | 39No options | $6.7B |
| BPYPP Brookfield Property Partners L.P. | 15.29 | 159.97 | +90% | 39No options | $6.4B |
| FSV FirstService Corporation | 135.07 | 114.28 | -18% | 54Fair | $6.2B |
| CIGI Colliers International Group Inc. | 90.58 | 90.82 | +0% | 69Good | $4.5B |
| IHS IHS Holding Limited | 8.44 | 12.65 | +33% | 75Good | $2.9B |
| CWK Cushman & Wakefield plc | 11.61 | 16.26 | +29% | 79Good | $2.7B |
| OPEN Opendoor Technologies Inc. | 2.32 | - | - | 41Weak | $2.3B |
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Start free See the Sunday ScanQuestions about BEKE
Is BEKE undervalued right now?
By the GLS models, moderately: at 17.83 the stock trades 29% below the average fair value of 25.02 (data as of 16 Oct 2026).
What is the Wheel Score of BEKE and what does it mean?
BEKE scores 85 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BEKE?
25.02 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does KE Holdings Inc. report earnings next?
The next earnings report is due on 10 Nov 2026 (before the open), 25 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BEKE have listed options, and how liquid are they?
Yes. The nightly snapshot found 570 listed contracts with 262,382 open interest across all expiries and implied volatility of 46% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.