Market capitalization of JOYY increased by 52.29% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 1.31 to 1.91.
The secondary factor is the Margin Expansion, contributed 9.38%to the performance.
Overall, the performance of JOYY in the past 1 year is driven by P/E Change. Which is more unsustainable.