Company Valuation: Pony AI Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 5,008 6,286 3,080 - -
Change - 25.54% -51.01% - -
Enterprise Value (EV) 1 4,485 6,008 2,919 3,105 3,118
Change - 33.96% -51.41% 6.36% 0.41%
P/E -5.98x -41.4x -10.9x -11.4x -15.1x
PBR 5.29x 3.33x 2.23x 2.85x 3.49x
PEG -0.1x 0.5x -0.1x 2.86x 0.6x
Capitalization / Revenue 66.7x 69.8x 20.5x 10.2x 4.25x
EV / Revenue 59.8x 66.8x 19.5x 10.3x 4.31x
EV / EBITDA -16.2x -23.6x -10.7x -12x -17.3x
EV / EBIT -15.7x -23x -9.89x -10.7x -14.9x
EV / FCF -36.7x -28.8x -9.37x -10.2x -12.9x
FCF Yield -2.72% -3.48% -10.7% -9.81% -7.76%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 -2.4 -0.35 -0.6498 -0.6239 -0.468
Distribution rate - - - - -
Net sales 1 75.02 90 150 300.9 724.1
EBITDA 1 -277.2 -254.6 -273.4 -258.4 -179.8
EBIT 1 -285.5 -260.9 -295.2 -291.1 -209.5
Net income 1 -274.1 -134 -274.2 -268.5 -200.1
Net Debt 1 -522.7 -278.3 -160.7 25.07 37.69
Reference price 2 14.350 14.500 7.090 7.090 7.090
Nbr of stocks (in thousands) 348,962 433,542 434,414 - -
Announcement Date 3/25/25 3/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-592.05x5.84x86.49x-.--% 5.58B
28.43x4.91x19.12x0.18% 5.79B
-10.91x19.46x-10.68x-.--% 3.08B
39.06x2.77x16.51x - 1.34B
-6.11x48.42x-3.65x-.--% 558M
43.75x - - 0.56% 539M
Average -82.97x 16.28x 21.56x 0.15% 2.81B
Weighted average by Cap. -183.64x 9.28x 35.52x 0.09%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield