Reading the tape
NYSE: SE
Sea Limited
Consumer Cyclical · Specialty Retail
Market Cap
$53.12B
52w High
$199.30
52w Low
$77.05
P/E
32.93
Volume
3.48M
Outstanding Shares
612.48M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -40.52%Revenue (TTM): 36.38%FCF (TTM): 8.13%P/FCF: 9th pct
What changed
The stock fell 40.52% over the last year. Revenue grew 36.38% over the trailing twelve months. Operating margin moved from 3.94% to 8.54%. Free cash flow grew 8.13% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 9th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 8.54%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally.
CEOXiaodong Li
SectorConsumer Cyclical
IndustrySpecialty Retail
Employees80,700
IPO dateOct 20, 2017
Valuation
Forward P/E—
EV/EBITDA39.09
Enterprise value$72.86B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth38.41%
Gross margin44.66%▲4.25%vs FY2024
Operating margin8.54%▲106.41%vs FY2024
ROE12.6%▲137.39%vs FY2024
Analyst consensus
RatingBuy
Target price$147.67▲70.26%
32
Buy
10
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 12, 2026
Q2 FY26 · EPS est $0.77 · Revenue est $6.46B
View
Congressional Activity
Congress Trades in SE
STOCK Act disclosures from senators and representatives.
Josh Gottheimer
NJhouseDemocratPurchaseJoint2026-03-10$1,001 - $15,000+30d to disclose