Tencent Music Entertainment (TME) Price to Book (2018 - 2026)
Tencent Music Entertainment's Price to Book came in at 1.10 for Q2 2026, down 55.9% from 2.49 a year earlier and down 15.8% from the prior quarter.
Powered by 
Analysis
Tencent Music Entertainment (TME) Price to Book (2018 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment's Price to Book was 2.32, up 26.8% from FY2024.
- Going back by year, Price to Book was 1.83 in FY2024 (+5.0%), 1.75 in FY2023 (-6.3%), 1.86 in FY2022 (+31.2%) and 1.42 in FY2021 (-64.0%).
- The Q2 2026 figure represents the lowest quarterly Price to Book since Q3 2022.
- Year-over-year, Price to Book increased in three of the last six quarters, with an average decline of 10.1%.
- The fastest year-over-year change in Price to Book over five years came in Q1 2023 (growth of 68.0%), and the weakest in Q1 2022 (a decline of 75.3%).
- Business Quant data shows TME's Price to Book at 1.31 (Q1 2026), 2.36 (Q4 2025) and 3.00 (Q3 2025) in the three quarters before Q2 2026.
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 | 1.14 |
| Mar 31, 2026 | 1.31 |
| Dec 31, 2025 | 2.40 |
| Sep 30, 2025 | 3.00 |
| Jun 30, 2025 | 2.50 |
| Mar 31, 2025 | 2.15 |
| Dec 31, 2024 | 1.83 |
| Jun 30, 2024 | 2.53 |
| Mar 31, 2024 | 2.08 |
| Dec 31, 2023 | 1.75 |
| Sep 30, 2023 | 1.35 |
| Jun 30, 2023 | 1.57 |
| Mar 31, 2023 | 1.75 |
| Dec 31, 2022 | 1.88 |
| Sep 30, 2022 | 0.99 |
| Jun 30, 2022 | 1.16 |
| Mar 31, 2022 | 1.04 |
| Dec 31, 2021 | 1.42 |
| Sep 30, 2021 | 1.54 |
| Jun 30, 2021 | 3.17 |
API Access
Tencent Music Entertainment Price to Book 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=price-to-book&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();