Tencent Music Entertainment (TME) EV to EBIT (2018 - 2026)
Tencent Music Entertainment's EV to EBIT was 6.22 in Q2 2026, down 60.7% from 15.83 a year earlier and down 4.2% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) EV to EBIT (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tencent Music Entertainment's EV to EBIT was 0.38 through Jun 30, 2026, down 96.6% year-over-year; for FY2025, it was 12.98, up 6.6% from FY2024.
- In earlier years, EV to EBIT was 12.18 in FY2024 (-6.5%), 13.02 in FY2023 (-24.3%), 17.21 in FY2022 (-0.4%) and 17.27 in FY2021 (-58.1%).
- The Q2 2026 figure marks the lowest quarterly EV to EBIT in data going back to Q4 2018.
- Compared with a year earlier, EV to EBIT was higher in three of the last eight quarters, with an average decline of 6.4%.
- The best year-over-year quarter for EV to EBIT over five years was Q2 2024 (growth of 78.5%); the worst was Q1 2022 (a decline of 71.4%).
- Per Business Quant data, TME's EV to EBIT in the three quarters before Q2 2026 was 6.50 (Q1 2026), 14.35 (Q4 2025) and 18.36 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,125.63 Bn | 3,883.16 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,752.70 Bn | 1,455.22 Bn | 49.47 Bn |
| 3 | Netflix | 287.95 Bn | 248.15 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 252.62 Bn | 66.39 Bn | 15.11 Bn |
| 5 | Shopify | 225.36 Bn | 202.54 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.41 Bn | 112.21 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - |
| 8 | PDD Holdings | 113.90 Bn | -129.87 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.48 Bn | 65.98 Bn | 1.86 Bn |
| 10 | Tencent Music Entertainment | 13.07 Bn | -9.67 Bn | 579.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.51 |
| Mar 31, 2026 | 6.02 |
| Dec 31, 2025 | 12.41 |
| Sep 30, 2025 | 17.00 |
| Jun 30, 2025 | 14.08 |
| Mar 31, 2025 | 10.87 |
| Dec 31, 2024 | 11.52 |
| Sep 30, 2024 | 16.87 |
| Jun 30, 2024 | 18.82 |
| Mar 31, 2024 | 16.19 |
| Dec 31, 2023 | 13.33 |
| Sep 30, 2023 | 9.76 |
| Jun 30, 2023 | 11.76 |
| Mar 31, 2023 | 14.83 |
| Dec 31, 2022 | 17.66 |
| Sep 30, 2022 | 9.24 |
| Jun 30, 2022 | 12.39 |
| Mar 31, 2022 | 11.62 |
| Dec 31, 2021 | 15.82 |
| Sep 30, 2021 | 15.09 |
API Access
Tencent Music Entertainment EV to EBIT 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-ebit&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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-ebit&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();