Tencent Music Entertainment Group

Tencent Music Entertainment Groupverified

TME

Price:

$14.09

Market Cap:

$176.30B

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those inter...[Read more]

Industry

Internet Content & Information

IPO Date

2018-12-12

Stock Exchange

NYSE

Ticker

TME

The PE Ratio as of July 2024 (TTM) for Tencent Music Entertainment Group (TME) is 31.31

According to Tencent Music Entertainment Group’s latest financial reports and current stock price. The company's current PE Ratio is 31.31. This represents a change of 92.70% compared to the average of 16.25 of the last 4 quarters.

Tencent Music Entertainment Group (TME) Historical PE Ratio (quarterly & annually)

How has TME PE Ratio performed in the past?

The mean historical PE Ratio of Tencent Music Entertainment Group over the last ten years is 283.37. The current 31.31 PE Ratio has changed 1.00% with respect to the historical average. Over the past ten years (40 quarters), TME's PE Ratio was at its highest in in the September 2017 quarter at 95.34. The PE Ratio was at its lowest in in the December 2018 quarter at -40.56.

Quarterly (TTM)
Annual

Average

283.37

Median

41.82

Minimum

20.63

Maximum

1.93K

Tencent Music Entertainment Group (TME) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Tencent Music Entertainment Group PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 49.04%

Maximum Annual PE Ratio = 1.93K

Minimum Annual Increase = -94.20%

Minimum Annual PE Ratio = 20.63

Quarterly (TTM)
Annual
YearPE RatioChange
202320.63-17.09%
202224.884.31%
202123.85-52.35%
202050.0649.04%
201933.59-55.97%
201876.27-31.66%
2017111.61-94.20%

Tencent Music Entertainment Group (TME) Average PE Ratio

How has TME PE Ratio performed in the past?

The current PE Ratio of Tencent Music Entertainment Group (TME) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

23.12

5-year avg

30.60

10-year avg

283.37

Tencent Music Entertainment Group (TME) PE Ratio vs. Peers

How is TME’s PE Ratio compared to its peers?

Tencent Music Entertainment Group’s PE Ratio is less than Baidu, Inc. (94.11), greater than Twilio Inc. (-14.62), less than Spotify Technology S.A. (126.83), greater than Weibo Corporation (6.26), greater than JOYY Inc. (6.54), greater than DouYu International Holdings Limited (-60.51), greater than Autohome Inc. (10.69), greater than Hello Group Inc. (5.86), greater than Yelp Inc. (21.81), greater than Zhihu Inc. (-2.62), greater than Tencent Holdings Limited (23.53), greater than Snap Inc. (-16.91), greater than Alphabet Inc. (23.52), less than Pinterest, Inc. (172.04),

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