Sea Limited (SE): analysis in plain words
Is Sea Limited cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Sea Limited (SE) is listed on the NYSE and we classify it in retail. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Sea Limited according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Sea Limited (SE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $80.19 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 31.0x | Price over earnings per share |
| Revenue growth | +48.1% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 5.9% | Profit for every 100 of sales |
| Net debt / EBITDA | Net cash (more cash than debt) | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $49.1 billion | What the stock market values it at |
The Sea Limited figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any SE figure that is not available shows as N/A: we do not estimate it.
How Sea Limited makes money
Singapore-based Sea Limited has three businesses: Shopee, its online marketplace in Southeast Asia and Brazil and its biggest by revenue, earning from commissions, ads and shipping; Monee, formerly SeaMoney, which offers digital payments and loans; and Garena, which publishes video games such as Free Fire. Its ADRs trade in New York.
Over the last 12 months, Sea Limited brought in revenue of $27.7 billion. For every 100 it sells, Sea Limited keeps 44.3 after the direct cost of what it sells (gross margin) and 8.4 after all operating costs (operating margin).
Sea Limited against its sector
To know whether a Sea Limited figure is high or low you have to put it next to similar companies. This table compares Sea Limited with the median of the 18 retail companies Fintols covers, with data as of November 4, 2026.
| Figure | Sea Limited | retail median |
|---|---|---|
| P/E | 31.0x | 26.2x (18) |
| Revenue growth | +48.1% | +7.1% (18) |
| Net margin | 5.9% | 7.2% (18) |
| Dividend yield | 0.00% | 0.78% (18) |
| Net debt / EBITDA | -1.9x | 1.5x (18) |
In short, against the typical retail company, Sea Limited trades on a higher P/E, grows faster and earns a thinner margin. By size, Sea Limited ranks number 14 of 17 retail companies quoted in USD on Fintols.
The bull case for Sea Limited
What works in favour of Sea Limited, according to its figures as of November 4, 2026:
- Sea Limited grew sales +48.1% in its latest quarter against the same quarter a year earlier, while the median retail company Fintols tracks grew +7.1%.
- Analysts expect Sea Limited earnings to rise: its P/E on the next 12 months of estimated earnings is 15.8x, below the current 31.0x.
- Sea Limited holds more cash than debt (net cash), so it does not depend on lenders to keep investing and is better placed to ride out a bad year.
The main risk for Sea Limited
Sea Limited stock sits 50% below its 52-week high ($159.80): the market has cut its expectations, and it is worth understanding why first.
And, like the rest of retail, Sea Limited is exposed to price competition, which keeps margins thin, and a slowdown in consumer spending.
Frequently asked questions about Sea Limited
Is it a good time to buy Sea Limited stock?
Fintols does not tell you whether to buy or sell Sea Limited, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Sea Limited stock trades at $80.19, 50% below its 52-week high ($159.80) and 12% above its low ($71.53). Its P/E is 31.0x against a retail median of 26.2x, and 15.8x on the earnings analysts expect over the next 12 months. With Sea Limited, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Sea Limited pay a dividend?
No. As of November 4, 2026, Sea Limited does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Sea Limited today is counting on the share price rising, not on income.
Is Sea Limited stock expensive?
It depends on what you compare it with. On P/E, Sea Limited trades at 31.0x its last 12 months of earnings: more expensive than the retail median (26.2x). Including its debt, Sea Limited is valued at 16.4x its EBITDA (EV/EBITDA). A high P/E alone does not make Sea Limited expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Sea Limited's competitors?
On Fintols we compare Sea Limited with Ross Stores, Kroger and Dollar General, which are also in retail. As of November 4, 2026, Ross Stores is worth $78.8 billion and trades on a P/E of 29.7; Kroger is worth $40.7 billion and trades on a P/E of 38.3; Dollar General is worth $31.2 billion and trades on a P/E of 18.4. Each has a side-by-side comparison with Sea Limited below.
Sea Limited competitors
- Ross Stores (ROST) analysis · Sea Limited vs Ross Stores comparison
- Kroger (KR) analysis · Sea Limited vs Kroger comparison
- Dollar General (DG) analysis · Sea Limited vs Dollar General comparison
To understand Sea Limited better
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More companies like Sea Limited: retail stocks. Open the full SE analysis with its valuation and scenarios. Educational content about Sea Limited, not investment advice.