TME vs TKO Stock Comparison

Tencent Music Entertainment and TKO Group Holdings Prices as of Oct 23, 2026 Peers: Industry group
TKO TKO Group Holdings, Inc.
$173.12 -8.5% 1M -7.3% 1Y
Market cap
$12.82B
P/E
55.8x
Revenue (TTM)
$5.30B
Div. yield
0.02%
Live Entertainment Communication Services
4 wins

Head to Head

11 decided of 12

Tencent Music Entertainment leads on 7 of the 12 questions below (Tencent Music Entertainment 7, TKO Group Holdings 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMETKOLeader
Larger companyMarket capitalisation $13.01B $12.82B TME
Cheaper on earningsLower P/E, profitable companies only 10.2x 55.8x TME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.6x 39.0x TME
Faster revenue growthRevenue growth, trailing twelve months +200.4% +5.1% TME
More profitableNet margin, trailing twelve months 835.7% 4.3% TME
Better return on capitalReturn on invested capital 12.8% 6.7% TME
Less leveragedLower net debt / EBITDA -2.3x 2.6x TME
Higher dividend yieldTrailing dividend yield 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months -62.7% -7.3% TKO
Better 5-year returnAnnualised price return, 5 years +0.0%/yr +23.6%/yr TKO
Less volatileAnnualised volatility, 1 year 49.5% 31.8% TKO
Higher overall scoreMean of the five percentile scores vs peers 67/100 79/100 TKO

Percentile Scorecard

TMETKO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTMETKO
Valuation 77 #39 of 167 33 #9 of 13
Growth 53 #72 of 153 100 #1 of 11
Profitability 86 #23 of 153 100 #1 of 11
Financial Health 78 #41 of 179 83 #3 of 13
Shareholder Returns 41 #56 of 94 –
Overall 67 79
  • TME ranked among 185 companies in Internet Platforms
  • TKO ranked among 13 companies in Live Venues

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTMETKOSPY
1 month +3.5%-8.5% -1.0%
3 months -4.0%-4.2% +2.9%
6 months -8.9%-7.2% +6.4%
Year to date -51.5%-17.2% +11.4%
1 year -62.7%-7.3% +13.1%
3 years +19.2%+115.1% +79.4%
3 years, per year +6.0%+29.1% +21.5%
5 years +0.2%+188.3% +67.7%
5 years, per year +0.0%+23.6% +10.9%
10 years —+776.6% +255.2%
10 years, per year —+24.2% +13.5%

Risk

MeasureTMETKOSPY
Volatility, 1Y 49.5%31.8% 12.7%
Downside volatility, 1Y 58.8%31.0% 12.7%
Beta vs S&P 500, 1Y 0.890.47 1.00
Return / volatility, 1Y -1.27-0.23 1.03
Max drawdown, 5Y -70.6%-37.2% -25.4%
From 52-week high -64.1%-23.0% -2.5%
52-week high $23.71$224.96 $779.14
52-week low $7.74$172.46 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTMETKO
P/E now vs peer median 10.2xmedian 17.5x 56.4xmedian 50.6x
P/S now vs peer median 87.7xmedian 1.4x 6.2xmedian 1.4x
EV/EBITDA now vs peer median 4.7xmedian 14.9x 24.2xmedian 18.0x
P/FCF now vs peer median 8.3xmedian 11.2x 19.7xmedian 17.6x
P/B now vs peer median 1.2xmedian 1.7x 4.0xmedian 2.4x
PEG now vs peer median 0.44median 0.42 —median 0.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTMETKO
Revenue $152.71M $5.30B
Gross profit $2.15B $3.15B
Operating income $1.61B $997.63M
Net income $1.31B $661.36M
Free cash flow $1.61B $1.67B
EPS (diluted) $0.82 $3.03
Cash & equivalents $3.49B $592.49M
Total debt $1.93B $16.77B
Shares (diluted) 1.55B 75.87M
Enterprise value -$9.72B $9.75B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTMETKO
P/E 10.2x 56.4x
P/FCF 8.3x 19.7x
P/Operating cash flow 8.3x 18.4x
P/S 87.7x 6.2x
P/B 1.2x 4.0x
P/Tangible book 1.3x 6.4x
EV/EBITDA 4.7x 24.2x
EV/EBIT 5.6x 37.1x
EV/Revenue 59.1x 7.0x
EV/FCF 5.6x 22.1x
EV/Operating cash flow 5.6x 20.6x
PEG (3Y EPS CAGR) 0.44 –

Growth

14 metrics
MetricTMETKO
Revenue growth (1Y) 200.4% 5.1%
Revenue CAGR (3Y) 5.2% 63.0%
Gross profit growth (1Y) 17.2% 22.4%
Gross profit CAGR (3Y) 15.7% 53.5%
Operating income growth (1Y) -6.1% 43.5%
Operating income CAGR (3Y) 26.1% 19.8%
Net income growth (1Y) -10.7% 73.5%
Net income CAGR (3Y) 23.6% 21.6%
EPS growth (1Y) -9.3% 155.3%
EPS CAGR (3Y) 23.2% –
Operating cash flow growth (1Y) 31.8% 126.3%
Operating cash flow CAGR (3Y) 13.5% –
Free cash flow growth (1Y) 31.8% 142.4%
Free cash flow CAGR (3Y) 13.5% –

Profitability

14 metrics
MetricTMETKO
Gross margin 1,408% 59.5%
EBITDA margin 1,262% 28.8%
Operating margin 1,052% 18.8%
Pretax margin 1,042% 14.2%
Net margin 835.7% 4.3%
FCF margin 1,054% 31.5%
Operating cash flow margin 1,054% 33.9%
Return on equity 11.6% 7.9%
Return on assets 8.3% 4.1%
Return on invested capital 12.8% 6.7%
Return on capital employed 12.9% 7.3%
Asset turnover 0.0x 0.3x
Cash conversion (OCF / net income) 1.2x 2.7x
Stock comp / revenue – 2.5%

Financial Health

11 metrics
MetricTMETKO
Debt / assets 11.2% 28.5%
Debt / equity 0.2x 0.6x
Net debt / EBITDA -2.3x 2.6x
Debt / FCF 1.2x 2.8x
Liabilities / assets 33.1% 48.8%
Equity / assets 66.9% 51.2%
Interest coverage 79.1x 4.1x
Current ratio 1.7x 1.3x
Quick ratio 2.1x 0.7x
Cash ratio 1.9x 0.2x
Altman Z-score 2.27 2.95

Shareholder Returns

7 metrics
MetricTMETKO
Dividend yield 2.8% 1.8%
Net buyback yield – 0.0%
Shareholder yield 2.8% 1.8%
Payout ratio (earnings) – 36.3%
Payout ratio (FCF) – 14.4%
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTMETKO
Forward P/E 9.6xFY2026 39.0xFY2026
EPS, next fiscal year $0.89FY2026 $4.44FY2026
EPS growth, next FY -12.7%FY2026 +96.5%FY2026
EPS growth, the year after 0.0% +15.5%
Revenue, next fiscal year $5.48BFY2026 $6.09BFY2026
Revenue growth, next FY +16.7%FY2026 +28.5%FY2026
Revenue growth, the year after -2.8% -5.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMETKO
Held by institutions 27.5% 98.3%
Institutions holding 312 656
Change in shares held, QoQ +1.6% -2.9%
Institutions buying 172 316
Institutions selling 99 240
Buyers to sellers 1.74 1.32

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TMETKO
TME 1.00 0.14
TKO 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TME and TKO?

Tencent Music Entertainment (TME) is the largest by market capitalisation: Tencent Music Entertainment (TME) $13.01B, TKO Group Holdings (TKO) $12.82B.

Which stock is cheaper, TME and TKO?

Tencent Music Entertainment (TME) trades on the lowest price-to-earnings ratio (Tencent Music Entertainment (TME) 10.2x, TKO Group Holdings (TKO) 55.8x). On next year's consensus earnings, Tencent Music Entertainment (TME) is cheapest (Tencent Music Entertainment (TME) 9.6x, TKO Group Holdings (TKO) 39.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Tencent Music Entertainment (TME) grew revenue fastest over the trailing twelve months: Tencent Music Entertainment (TME) +200.4%, TKO Group Holdings (TKO) +5.1%.

Which company is more profitable?

Tencent Music Entertainment (TME) has the highest net margin (Tencent Music Entertainment (TME) 835.7%, TKO Group Holdings (TKO) 4.3%). On return on invested capital, Tencent Music Entertainment (TME) leads (Tencent Music Entertainment (TME) 12.8%, TKO Group Holdings (TKO) 6.7%).

Which stock has performed better?

Over the past year TKO Group Holdings (TKO) returned the most: Tencent Music Entertainment (TME) -62.7%, TKO Group Holdings (TKO) -7.3%. Over five years, TKO Group Holdings (TKO) compounded fastest (Tencent Music Entertainment (TME) +0.0%/yr, TKO Group Holdings (TKO) +23.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Tencent Music Entertainment (TME) 0.00%, TKO Group Holdings (TKO) 0.02%. Tencent Music Entertainment (TME) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, TKO Group Holdings (TKO) has been the steadiest (Tencent Music Entertainment (TME) 49.5%, TKO Group Holdings (TKO) 31.8%). Volatility measures how widely the price swings, not the risk of the business.

Do TME and TKO move together?

Their daily returns over the past year have a correlation of 0.14, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, TME and TKO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Tencent Music Entertainment (TME) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.