Tencent Music Entertainment (TME) EV to CFO (2018 - 2026)
Tencent Music Entertainment's (TME) quarterly EV to CFO came in at 6.2 in Q2 2026, down 72.47% year-over-year from 22.53 in Q2 2025, and down 20.72% quarter-over-quarter from 7.83 in Q1 2026.
Analysis
Tencent Music Entertainment (TME) EV to CFO (2018 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed EV to CFO across 9 years of filings, most recently posting 6.2 for Q2 2026.
- In Q2 2026, EV to CFO fell 72.47% year-over-year to 6.2; the TTM figure through Jun 2026 stood at 6.2 (down 72.47% YoY), while the FY2025 annual figure was 16.76, up 67.2% from the prior year.
- EV to CFO came in at 6.2 for Q2 2026 at Tencent Music Entertainment, down from 7.83 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 23.32 in Q3 2025 to a low of 4.66 in Q3 2022.
- Average EV to CFO over 5 years is 12.41, with a median of 12.02 recorded in 2023.
- Year-over-year, EV to CFO plunged 80.49% in 2022 and soared 132.03% in 2024.
- Over 5 years, EV to CFO stood at 15.04 in 2022, then increased by 0.95% to 15.18 in 2023, then tumbled by 34.76% to 9.91 in 2024, then soared by 88.43% to 18.67 in 2025, then sank by 66.76% to 6.2 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 6.2 in Q2 2026, 7.83 in Q1 2026, and 18.67 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.83 Bn | 316.70 Bn | 6.52 Bn |
| 2 | Spotify Technology | 111.63 Bn | 100.71 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 13.00 Bn | 9.90 Bn | 582.00 Mn |
| 4 | FuboTV | 1.22 Bn | 3.14 Bn | 399.10 Mn |
| 5 | Huya | 947.78 Mn | 587.52 Mn | 37.58 Mn |
| 6 | iQIYI | 849.12 Mn | 364.94 Mn | 152.37 Mn |
| 7 | Kaltura | 229.15 Mn | 197.85 Mn | 34.54 Mn |
| 8 | CuriosityStream | 160.17 Mn | 111.78 Mn | 16.93 Mn |
| 9 | Cineverse | 54.91 Mn | 50.59 Mn | 10.66 Mn |
| 10 | LiveOne | 47.57 Mn | 47.56 Mn | 3.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.20 |
| Mar 31, 2026 | 7.83 |
| Dec 31, 2025 | 18.67 |
| Sep 30, 2025 | 23.32 |
| Jun 30, 2025 | 22.53 |
| Mar 31, 2025 | 13.57 |
| Dec 31, 2024 | 9.91 |
| Sep 30, 2024 | 15.24 |
| Jun 30, 2024 | 17.97 |
| Mar 31, 2024 | 13.84 |
| Dec 31, 2023 | 15.18 |
| Sep 30, 2023 | 6.57 |
| Jun 30, 2023 | 7.96 |
| Mar 31, 2023 | 10.47 |
| Dec 31, 2022 | 15.04 |
| Sep 30, 2022 | 4.66 |
| Jun 30, 2022 | 7.12 |
| Mar 31, 2022 | 7.34 |
| Dec 31, 2021 | 9.84 |
| Sep 30, 2021 | 11.53 |