Tencent Music Entertainment (TCMEF) Price to Earnings (2018 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Price to Earnings came in at 10.25 in Q2 2026, down 50.41% year-over-year from 20.68 in Q2 2025, and down 11.99% quarter-over-quarter from 11.65 in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Price to Earnings (2018 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Price to Earnings across 9 years of filings, most recently posting 10.25 for Q2 2026.
- In Q2 2026, Price to Earnings fell 50.41% year-over-year to 10.25; the TTM figure through Jun 2026 stood at 10.25 (down 50.41% YoY), while the FY2025 annual figure was 17.45, up 4.33% from the prior year.
- Price to Earnings came in at 10.25 for Q2 2026 at Tencent Music Entertainment, down from 11.65 in the prior quarter.
- In the past five years, Price to Earnings ranged from a high of 29.6 in Q2 2024 to a low of 10.25 in Q2 2026.
- Average Price to Earnings over 5 years is 19.42, with a median of 19.44 recorded in 2022.
- Year-over-year, Price to Earnings tumbled 65.0% in 2022 and soared 69.03% in 2024.
- Over 5 years, Price to Earnings stood at 24.29 in 2022, then fell by 13.58% to 20.99 in 2023, then dropped by 13.13% to 18.24 in 2024, then decreased by 1.93% to 17.88 in 2025, then sank by 42.66% to 10.25 in 2026.
- Per Business Quant data, the three most recent Price to Earnings figures were 10.25 in Q2 2026, 11.65 in Q1 2026, and 17.88 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 320.80 Bn | 311.67 Bn | 6.52 Bn |
| 2 | Spotify Technology | 109.48 Bn | 98.57 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn |
| 4 | Huya | 471.23 Mn | 110.97 Mn | 37.58 Mn |
| 5 | iQIYI | 404.25 Mn | -66.65 Mn | 152.37 Mn |
| 6 | FuboTV | 315.50 Mn | -136.91 Mn | 399.10 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn |
| 8 | CuriosityStream | 154.19 Mn | 105.79 Mn | 16.93 Mn |
| 9 | LiveOne | 53.37 Mn | 44.71 Mn | 3.94 Mn |
| 10 | Cineverse | 46.51 Mn | 42.19 Mn | 10.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.25 |
| Mar 31, 2026 | 11.65 |
| Dec 31, 2025 | 17.88 |
| Sep 30, 2025 | 23.48 |
| Jun 30, 2025 | 20.68 |
| Mar 31, 2025 | 16.46 |
| Dec 31, 2024 | 18.24 |
| Sep 30, 2024 | 23.66 |
| Jun 30, 2024 | 29.60 |
| Mar 31, 2024 | 25.01 |
| Dec 31, 2023 | 20.99 |
| Sep 30, 2023 | 15.00 |
| Jun 30, 2023 | 17.51 |
| Mar 31, 2023 | 21.47 |
| Dec 31, 2022 | 24.29 |
| Sep 30, 2022 | 14.56 |
| Jun 30, 2022 | 19.74 |
| Mar 31, 2022 | 19.15 |
| Dec 31, 2021 | 24.34 |
| Sep 30, 2021 | 21.21 |