Tencent Music Entertainment (TCMEF) Equity Ratio (2016 - 2026)
Tencent Music Entertainment recorded quarterly Equity Ratio of 0.74 in Q1 2026, down 4.93% quarter-over-quarter from 0.78 in Q4 2025, and little changed year-over-year from 0.75 in Q1 2025.
Tencent Music Entertainment's Equity Ratio history runs 11 years deep, the most recent figure standing at 0.74 for Q1 2026.
- In Q1 2026, Equity Ratio changed 0.29% year-over-year to 0.74; the TTM figure through Mar 2026 stood at 0.74 (changed 0.29% YoY), while the FY2025 annual figure was 0.78, up 4.38% from the prior year.
- Equity Ratio came in at 0.74 for Q1 2026 at Tencent Music Entertainment, down from 0.78 in the prior quarter.
- In the past five years, Equity Ratio ranged from a high of 0.79 in Q3 2025 to a low of 0.71 in Q3 2022.
- A 5-year average of 0.75 and a median of 0.74 in 2024 frame the typical range for Equity Ratio.
- Across the five-year window, Equity Ratio dropped 6.37% in 2022 and rose 4.68% in 2025, its largest moves.
- Tencent Music Entertainment's Equity Ratio stood at 0.73 in 2022, then climbed by 3.29% to 0.76 in 2023, then dropped by 0.92% to 0.75 in 2024, then grew by 4.37% to 0.78 in 2025, then dropped by 4.93% to 0.74 in 2026.
- According to Business Quant data, Equity Ratio over the past three periods registered 0.74, 0.78, and 0.79 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 0.68 |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 0.62 |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 0.61 |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 0.91 | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | - |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 0.61 | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | - |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 0.28 |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | -0.05 |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn | 0.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.74 |
| Dec 31, 2025 | 0.78 |
| Sep 30, 2025 | 0.79 |
| Jun 30, 2025 | 0.78 |
| Mar 31, 2025 | 0.75 |
| Dec 31, 2024 | 0.75 |
| Jun 30, 2024 | 0.74 |
| Mar 31, 2024 | 0.75 |
| Dec 31, 2023 | 0.76 |
| Sep 30, 2023 | 0.74 |
| Jun 30, 2023 | 0.74 |
| Mar 31, 2023 | 0.74 |
| Dec 31, 2022 | 0.73 |
| Sep 30, 2022 | 0.71 |
| Jun 30, 2022 | 0.71 |
| Mar 31, 2022 | 0.73 |
| Dec 31, 2021 | 0.76 |
| Sep 30, 2021 | 0.75 |
| Jun 30, 2021 | 0.76 |
| Mar 31, 2021 | 0.77 |
| Dec 31, 2020 | 0.77 |
| Jun 30, 2020 | 0.84 |
| Mar 31, 2020 | 0.84 |
| Dec 31, 2019 | 0.83 |
| Sep 30, 2019 | 0.83 |
| Jun 30, 2019 | 0.84 |
| Mar 31, 2019 | 0.84 |
| Dec 31, 2018 | 0.85 |
| Dec 31, 2017 | 0.87 |
| Dec 31, 2016 | 23.74 |