Tencent Music Entertainment (TME) EV to CFO (2018 - 2026)
Tencent Music Entertainment's (TME) EV to CFO was 6.20 for Q2 2026, down 72.1% from 22.24 a year earlier and down 14.0% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) EV to CFO (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tencent Music Entertainment's EV to CFO came in at 0.38, down 97.6% year-over-year; for FY2025, it was 16.95, up 64.3% from FY2024.
- By year, EV to CFO came in at 10.32 in FY2024 (-4.0%), 10.75 in FY2023 (+5.3%), 10.21 in FY2022 (-18.7%) and 12.56 in FY2021 (-68.4%).
- The Q2 2026 figure ranks as the lowest quarterly EV to CFO since Q3 2022.
- Year over year, EV to CFO gained in five of the last eight quarters, with growth averaging 21.2%.
- The high point for year-over-year EV to CFO in five years was Q2 2024 (growth of 95.9%); the low point was Q1 2022 (a decline of 80.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.21 (Q1 2026), 18.67 (Q4 2025) and 22.94 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.50 |
| Mar 31, 2026 | 6.69 |
| Dec 31, 2025 | 16.16 |
| Sep 30, 2025 | 21.25 |
| Jun 30, 2025 | 19.74 |
| Mar 31, 2025 | 12.44 |
| Dec 31, 2024 | 9.77 |
| Sep 30, 2024 | 13.84 |
| Jun 30, 2024 | 15.17 |
| Mar 31, 2024 | 13.14 |
| Dec 31, 2023 | 10.98 |
| Sep 30, 2023 | 7.12 |
| Jun 30, 2023 | 8.57 |
| Mar 31, 2023 | 11.06 |
| Dec 31, 2022 | 10.39 |
| Sep 30, 2022 | 5.87 |
| Jun 30, 2022 | 6.81 |
| Mar 31, 2022 | 6.70 |
| Dec 31, 2021 | 11.48 |
| Sep 30, 2021 | 10.61 |
API Access
Tencent Music Entertainment EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "TME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();