Noah Holdings Limited (NOAH)

NYSE: NOAH · Investment Advice · Shanghai, CN · filing with the SEC since 2010

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Grade4.9

◀ Past 5.0● Present 4.5▶ Future 5.1

1 est.

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The grade of Noah Holdings Limited

Nine metrics read from its own filings, by tense

Headline grade

4.9/10

◀ Past5.030% of the headline

● Present4.540% of the headline

▶ Future5.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 72nd percentile among 48 sector filers · read for itself

From the record

Noah Holdings Limited's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.5/10

What has it actually done, year after year?

+0.4% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 35th percentile among 42 sector filers · read for its customers

From the record

Noah Holdings Limited's 10 filed years say what it did: revenue went from CNY 2.5 billion in fiscal 2016 to CNY 2.6 billion in fiscal 2025, up 0.4% a year; it rose in 6 of 9 years; the deepest fall was 39% from fiscal 2021 to fiscal 2024; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span0.4%bottom 18% of its family
the share of years revenue rosebottom 42% of its family
the share of filed years with a profitbottom 45% of its family
the deepest fall from a revenue peak39.4%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.7/10

How has it treated the people who own it?

Share count grew 1.0% a year. 69% of cash flow returned. Insiders: 14 sales, 0 purchases.

weight 33% of this tense · 57th percentile among 36 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Noah Holdings Limited's diluted share count grew about 1.0% a year, and dividends and buybacks returned about 69% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

What it rests on

the share count over the yearstop 47% of its family
cash returned against operating cash flowtop 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.8/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 16%: owes 16¢ per asset dollar.

weight 22% of this tense · 58th percentile among 44 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Noah Holdings Limited earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 16 cents per dollar of assets, and net share issuance: its share count shrank 0.1% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 8% of its family
return on equitybottom 21% of its family
the share count against the year beforetop 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.7/10

How strong is its position in its industry?

bottom 37% of 43 in its family; net margin 21.4%.

weight 45% of this tense · 37th percentile among 43 sector filers · read for its customers

From the record

Noah Holdings Limited's standing among 43 graded names in its industry family: revenue of CNY 2.6 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 21.4% ranks in the top 36%; revenue growth of -5.6% a year over the last 3 filed years ranks in the bottom 11% (its annual reports).

What it rests on

net margin21.4%top 36% of its family
three-year revenue growth-5.6%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 37 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 37 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 37 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Noah Holdings Limited's leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 37 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

8.4/10

How much room does it have to grow?

top 16% of 42 in its family for room to expand.

weight 33% of this tense · 84th percentile among 42 sector filers · read for itself

From the record

Noah Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 4.4 billion against no long-term debt tagged leaves 37.1% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 32.3% of revenue (top 27%) (its annual report).

What it rests on

cash less debt against assets37.1%top 6% of its family
cash from operations less capital spending against revenue32.3%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.5/10

What could actually drive growth from here?

bottom 36% of 41 in its family for growth drivers.

weight 33% of this tense · 36th percentile among 41 sector filers · read for its customers

From the record

Noah Holdings Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -5.6% a year over the last three filed years against 0.4% over all 10, slowing (bottom 26% of its family); the newest year grew 0.4% (bottom 21%); capital spending grew 28.8% a year (top 40%) (its annual reports). Noah Holdings Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-6.0 points a yearbottom 26% of its family
the newest year's revenue growth0.4%bottom 21% of its family
three-year growth of capital spending28.8%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.5/10

Did its newest year beat what its own record pointed to?

bottom 35% of 41 in its family for expectations against reality.

weight 33% of this tense · 35th percentile among 41 sector filers · read for its shareholders

From the record

Noah Holdings Limited's newest year against its own record: revenue of CNY 2.6 billion in fiscal 2025 came in 9.6% above the CNY 2.4 billion its prior three years' pace pointed to (top 22% of its family); net income of CNY 559 million against a prior three-year average of CNY 821 million (bottom 11%); a net margin of 21.4% against 26.8% before (bottom 16%) (its annual reports).

What it rests on

revenue against the prior three years' pace9.6%top 22% of its family
net income against the prior three years' average-32%bottom 11% of its family
net margin against its prior average-5.4 pointsbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NOAH · research, not advice