BEKE vs. FSV: KE vs. FirstService Stock Comparison

October 26, 2026

How do KE (BEKE) and FirstService (FSV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

KE (BEKE) and FirstService (FSV) are both classified in the Real Estate Services sub-industry within the broader Real Estate Management & Development industry, placing them in the closest GICS peer bucket.

FirstService (FSV) trades as ordinary local shares, while KE (BEKE) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for KE (BEKE) and FirstService (FSV)
Profile Item	BEKE	FSV
Name	KE Holdings Inc. ADR	FirstService Corporation
Country/Region	China	Canada
GICS Sector	Real Estate	Real Estate
GICS Industry Group	Real Estate Management & Development	Real Estate Management & Development
GICS Industry	Real Estate Management & Development	Real Estate Management & Development
GICS Sub-Industry	Real Estate Services	Real Estate Services
Market Capitalization	18.74 billion USD	6.27 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	August 13, 2020	June 2, 2015
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BEKE

FSV

GSPC

KE (BEKE) vs. FirstService (FSV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for KE (BEKE) and FirstService (FSV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for KE (BEKE) and FirstService (FSV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Total Return (1Y)	-5.56%	-13.09%
Total Return (3Y, Annualized)	6.39%	1.42%
Total Return (5Y, Annualized)	-5.93%	-5.98%

Risk Profile

Drawdown History

BEKE

FSV

GSPC

KE (BEKE) vs. FirstService (FSV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for KE (BEKE) and FirstService (FSV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

KE (BEKE) reports a negative beta of -0.26, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. FirstService (FSV) has a non-negative beta of 0.91.

Risk profile metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Volatility (1Y, Annualized)	36.84%	30.56%
Beta (5Y)	-0.26	0.91
Max Drawdown (5Y)	-62.87%	-43.97%
Avg. Volume (3M)	4.47M	205.53K

Risk-Adjusted Performance

Risk-Return Positioning

BEKE and FSV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Sharpe Ratio (1Y)	-0.27	-0.57
Sortino Ratio (1Y)	-0.39	-0.81

Profitability

ROE (TTM)

FirstService (FSV) at 12.12% sits in the top ROE quartile, while KE (BEKE) at 7.01% is closer to the peer norm — stronger capital efficiency for FSV.

BEKE

Real Estate Management & Development industry group

7.01%

Max: 18.09%
Q3: 11.52%
BEKE: 7.01%
Median: 3.63%
Q1: 1.22%
Min: -6.89%

FSV

Real Estate Management & Development industry group

12.12%

Max: 18.09%
FSV: 12.12%
Q3: 11.52%
Median: 3.63%
Q1: 1.22%
Min: -6.89%

KE (BEKE) vs. FirstService (FSV): A comparison of their ROE against the Real Estate Management & Development industry group benchmark.

Net Margin (TTM)

Both KE (BEKE) at 5.32% and FirstService (FSV) at 2.59% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BEKE

Real Estate Management & Development industry group

5.32%

Max: 24.87%
Q3: 12.31%
BEKE: 5.32%
Median: 3.07%
Q1: 1.77%
Min: -0.72%

FSV

Real Estate Management & Development industry group

2.59%

Max: 24.87%
Q3: 12.31%
Median: 3.07%
FSV: 2.59%
Q1: 1.77%
Min: -0.72%

KE (BEKE) vs. FirstService (FSV): A comparison of their net margin against the Real Estate Management & Development industry group benchmark.

Operating Margin (TTM)

KE (BEKE) at 12.33% operates in the top operating margin quartile, ahead of FirstService (FSV) at 7.29%, which runs around its industry’s norm.

BEKE

Real Estate Management & Development industry group

12.33%

BEKE: 12.33%
Max: 12.33%
Q3: 11.25%
Median: 4.66%
Q1: 1.09%
Min: -11.08%

FSV

Real Estate Management & Development industry group

7.29%

Max: 12.33%
Q3: 11.25%
FSV: 7.29%
Median: 4.66%
Q1: 1.09%
Min: -11.08%

KE (BEKE) vs. FirstService (FSV): A comparison of their operating margin against the Real Estate Management & Development industry group benchmark.

Profitability Metrics

Profitability metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
ROE (TTM)	7.01%	12.12%
ROA (TTM)	2.57%	4.89%
Net Margin (TTM)	5.32%	2.59%
Operating Margin (TTM)	12.33%	7.29%
Gross Margin (TTM)	23.98%	33.05%

Growth

Revenue Growth

FirstService (FSV) at 5.38% is around its peer norm for revenue growth, while KE (BEKE) at 1.20% drops into the bottom quartile, signaling weaker demand or pricing momentum.

KE (BEKE) vs. FirstService (FSV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both KE (BEKE) at -25.22% and FirstService (FSV) at 6.73% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

KE (BEKE) vs. FirstService (FSV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Revenue Growth (YoY)	1.20%	5.38%
Revenue Growth (3Y CAGR)	15.95%	13.64%
EPS Growth (YoY)	-25.22%	6.73%
EPS Growth (3Y CAGR)	--	5.24%

Financial Strength

Current Ratio (MRQ)

Both KE (BEKE) at 1.70 and FirstService (FSV) at 1.69 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BEKE

Real Estate Management & Development industry group

1.70

Max: 5.86
Q3: 3.46
Median: 1.92
BEKE: 1.70
Q1: 1.19
Min: 0.74

FSV

Real Estate Management & Development industry group

1.69

Max: 5.86
Q3: 3.46
Median: 1.92
FSV: 1.69
Q1: 1.19
Min: 0.74

KE (BEKE) vs. FirstService (FSV): A comparison of their current ratio against the Real Estate Management & Development industry group benchmark.

Debt / Equity (MRQ)

KE (BEKE) at 0.22 carries an industry-typical debt-to-equity mix, while FirstService (FSV) at 1.26 uses more debt funding than most peers.

BEKE

Real Estate Management & Development industry group

0.22

Max: 2.15
Q3: 1.21
Median: 0.44
BEKE: 0.22
Q1: 0.21
Min: 0.13

FSV

Real Estate Management & Development industry group

1.26

Max: 2.15
FSV: 1.26
Q3: 1.21
Median: 0.44
Q1: 0.21
Min: 0.13

KE (BEKE) vs. FirstService (FSV): A comparison of their debt-to-equity ratio against the Real Estate Management & Development industry group benchmark.

Financial Strength Metrics

Financial strength metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Current Ratio (MRQ)	1.70	1.69
Debt / Equity (MRQ)	0.22	1.26
Net Debt / EBITDA	-5.54	3.13

Dividends

Dividend Yield (TTM)

FirstService (FSV) at 0.81% earns its spot in the top quartile of its industry’s yields; KE (BEKE) at 11.20% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

BEKE

Real Estate Management & Development industry group

11.20%

BEKE: 11.20%
Max: 1.27%
Q3: 0.57%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FSV

Real Estate Management & Development industry group

0.81%

Max: 1.27%
FSV: 0.81%
Q3: 0.57%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

KE (BEKE) vs. FirstService (FSV): A comparison of their dividend yield against the Real Estate Management & Development industry group benchmark.

Dividend Payout Ratio (TTM)

Both KE (BEKE) at 46.44% and FirstService (FSV) at 36.50% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

BEKE

Real Estate Management & Development industry group

46.44%

BEKE: 46.44%
Max: 46.44%
Q3: 29.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FSV

Real Estate Management & Development industry group

36.50%

Max: 46.44%
FSV: 36.50%
Q3: 29.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

KE (BEKE) vs. FirstService (FSV): A comparison of their payout ratio against the Real Estate Management & Development industry group benchmark.

Dividend Metrics

Dividend metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
Dividend Yield (TTM)	11.20%	0.81%
Dividend Payout Ratio (TTM)	46.44%	36.50%

Valuation

P/E Ratio (TTM)

Both KE (BEKE) at 28.47 and FirstService (FSV) at 44.07 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BEKE

Real Estate Management & Development industry group

28.47

Max: 162.50
Q3: 74.57
Median: 40.79
BEKE: 28.47
Q1: 14.40
Min: 4.06

FSV

Real Estate Management & Development industry group

44.07

Max: 162.50
Q3: 74.57
FSV: 44.07
Median: 40.79
Q1: 14.40
Min: 4.06

KE (BEKE) vs. FirstService (FSV): A comparison of their P/E ratio against the Real Estate Management & Development industry group benchmark.

P/S Ratio (TTM)

KE (BEKE) at 0.21 sits in the cheaper P/S ratio quartile while FirstService (FSV) at 1.10 prices around its industry’s middle — BEKE costs less per dollar of sales, though read it alongside growth and margins.

BEKE

Real Estate Management & Development industry group

0.21

Max: 10.88
Q3: 5.26
Median: 1.10
Q1: 0.59
BEKE: 0.21
Min: 0.00

FSV

Real Estate Management & Development industry group

1.10

Max: 10.88
Q3: 5.26
FSV: 1.10
Median: 1.10
Q1: 0.59
Min: 0.00

KE (BEKE) vs. FirstService (FSV): A comparison of their P/S ratio against the Real Estate Management & Development industry group benchmark.

P/B Ratio (MRQ)

KE (BEKE) at 1.93 sits near its industry’s typical P/B ratio, while FirstService (FSV) at 6.64 prices above its benchmark range — FSV looks rich relative to book.

BEKE

Real Estate Management & Development industry group

1.93

Max: 4.42
Q3: 2.47
BEKE: 1.93
Median: 1.78
Q1: 1.03
Min: 0.36

FSV

Real Estate Management & Development industry group

6.64

FSV: 6.64
Max: 4.42
Q3: 2.47
Median: 1.78
Q1: 1.03
Min: 0.36

KE (BEKE) vs. FirstService (FSV): A comparison of their P/B ratio against the Real Estate Management & Development industry group benchmark.

Valuation Metrics

Valuation metrics for KE (BEKE) and FirstService (FSV)
Metric	BEKE	FSV
P/E Ratio (TTM)	28.47	44.07
P/S Ratio (TTM)	0.21	1.10
P/B Ratio (MRQ)	1.93	6.64
Free Cash Flow Yield (TTM)	23.20%	4.20%