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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. EDGAR/calls is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

EEDGAR/calls
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Home›Stocks›NOAH

NOAH

NOAH HOLDINGS LTD

Next earnings Aug 25, 2026

Hold
$10.06
▲ +0.80%
$10.06▼ -10.15%
over 1Y
L $9.61EODHDH $12.55
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.8%
1W-2.3%
1M-5.5%
3M+0.6%
YTD-5.4%
1Y-10.1%
OverviewFinancialsValuationQualityFilings
Rating
Hold
Quality
B-
Valuation
Overvalued
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Buy

Strong net margin (21.4%).

Revenue (FY2025) $373M · FY2025

The read

Middling fundamentals and a rich price (~37% above fair value) leave little margin of safety — a wait-and-see.

NOAH HOLDINGS LTD shows $373M in FY2025 revenue (+4.8% YoY), a 21.4% net margin, and 5.7% ROE.

Supporting the case: strong net margin (21.4%); conservative balance sheet (liabilities/equity 0.18x).

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$674M$450M$464M$356M$373M
Gross profit—————
Operating income$188M$158M$155M$86.8M$111M
Net income$206M$142M$142M$65.1M$79.9M
Diluted EPS$6.10$4.14$0.41$0.18$0.23
Net margin30.6%31.5%30.6%18.3%21.4%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$31.2M
EV / EBITDA0.2
EV / Sales0.1
EV / FCF0.3
P / FCF5.4
PEG (trailing)1.93
Earnings yield12.2%
FCF yield18.4%

Quality & risk

ROIC (est.)6.2%
Free cash flow$120M
Total debt$0.00
Net cash$624M
Altman Z-Score3.20 safe
Piotroski F-Score5/7

Capital returns

Buyback yield1.1%
Dividend yield (est.)11.9%
Shareholder yield13.1%
Shares Δ YoY+0.0%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Recent filings

all on EDGAR ↗
4Period ending 2026-06-292026-06-30open ↗4Period ending 2026-06-292026-06-30open ↗4Period ending 2026-06-292026-06-30open ↗6-KPeriod ending 2026-06-302026-06-30open ↗6-KPeriod ending 2026-06-122026-06-12open ↗6-KPeriod ending 2026-06-122026-06-12open ↗6-KPeriod ending 2026-06-052026-06-05open ↗6-KPeriod ending 2026-06-032026-06-03open ↗4Period ending 2026-05-292026-05-29open ↗4Period ending 2026-05-292026-05-29open ↗4Period ending 2026-05-292026-05-29open ↗6-KPeriod ending 2026-05-292026-05-29open ↗

Quality score

B-
ValueGrowthProfitHealthMom.
ValueC
GrowthB
ProfitabilityB+
Financial healthA
MomentumF
  • ✓Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
  • ✗P/E below 25

Fair value est.

$6.32

Overvalued -37% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.23 × (8.5 + 1.5 × 13.7% growth) × 0.95 quality = 27.5× multiple. An estimate, not a price target.

9.6152-week12.55
Revenue
$373M
+4.8% YoY
Net margin
21.4%
ROE
5.7%
P/E
43.7

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$373M+4.8%
Net income$79.9M+22.7%
Operating income$111M+27.9%
Diluted EPS$0.23+27.8%
Cash & equivalents$624M+19.1%
Total assets$1.68B+4.0%
Total liabilities$251M+3.9%
Stockholders' equity$1.41B+3.1%
Op.: 29.8%L/E: 0.18x

Frequently asked

Is NOAH HOLDINGS LTD (NOAH) a buy?
NOAH currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Strong net margin (21.4%).
What is NOAH's fair value?
A Modified-Graham model based on NOAH's SEC fundamentals estimates a fair value of about $6.32. It is an estimate from reported earnings, not a price target.
Is NOAH overvalued or undervalued?
Against a Modified-Graham fair-value estimate, NOAH currently appears overvalued relative to its SEC-grounded earnings power.
What is NOAH HOLDINGS LTD's quality score?
NOAH scores 67.77738333810478/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001499543, latest 4 filed 2026-06-30) · EODHD · as of 7/1/2026, 12:49:14 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-06-29
Wang Jingbo (Norah)
Director
Exercise765.00
2026-06-29
Pan Qing
CHIEF FINANCIAL OFFICER
Exercise1.09K
2026-06-29
YIN ZHE
CHIEF EXECUTIVE OFFICER
Exercise765.00
2026-05-29
YIN ZHE
CHIEF EXECUTIVE OFFICER
Exercise740.00
2026-05-29
Wang Jingbo (Norah)
Director
Exercise740.00
2026-05-29
Pan Qing
CHIEF FINANCIAL OFFICER
Exercise1.03K
2026-04-29
YIN ZHE
CHIEF EXECUTIVE OFFICER
Exercise740.00
2026-04-29
Pan Qing
CHIEF FINANCIAL OFFICER
Exercise1.03K

Dividends

Semi-annual
Yield (TTM)
25.2%
Annual / share
$2.54
Last ex-date
2026-07-09
Last amount
$1.38
ex 2026-07-09paid 2026-08-06$1.38
ex 2025-07-03paid 2025-08-01$1.16
ex 2024-07-03paid 2024-08-01$2.13
ex 2023-06-26paid 2023-07-21$0.40
ex 2013-03-18paid 2013-04-09$0.14
ex 2012-03-28paid 2012-04-16$0.14

Source: EODHD. Yield = trailing-12-month dividends ÷ price.

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Vs tracked universe

compare →

1192 tracked peers · median

EDGAR Score68 vs 67
Revenue growth4.8% vs 7.5%
Net margin21.4% vs 10.0%
Return on equity5.7% vs 12.0%
P/E43.7 vs 25.7

News sentiment

EODHD · 4d
Bullish
+0.15
vs typical · 5 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.