Tencent Music Entertainment (TME) Price to Earnings (2018 - 2026)
Tencent Music Entertainment's (TME) Price to Earnings stood at 10.25 in Q2 2026, down 50.2% from 20.59 a year earlier and down 12.0% from the prior quarter.
Powered by 
Analysis
Tencent Music Entertainment (TME) Price to Earnings (2018 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment's Price to Earnings came in at 17.45, up 4.8% from FY2024.
- Across earlier years, Price to Earnings came in at 16.65 in FY2024 (-1.2%), 16.86 in FY2023 (-32.2%), 24.89 in FY2022 (+3.9%) and 23.95 in FY2021 (-52.1%).
- The Q2 2026 figure is the lowest quarterly Price to Earnings in data going back to Q4 2018.
- On a year-over-year basis, Price to Earnings has declined for three consecutive quarters, with an average decline of 10.6% over the last eight quarters.
- Peak year-over-year performance for Price to Earnings in the last five years was growth of 53.7% in Q2 2024, against a decline of 64.8% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.65 (Q1 2026), 17.88 (Q4 2025) and 23.37 (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 | 10.30 |
| Mar 31, 2026 | 11.72 |
| Dec 31, 2025 | 17.98 |
| Sep 30, 2025 | 24.05 |
| Jun 30, 2025 | 21.22 |
| Mar 31, 2025 | 16.89 |
| Dec 31, 2024 | 18.93 |
| Sep 30, 2024 | 21.60 |
| Jun 30, 2024 | 27.03 |
| Mar 31, 2024 | 22.85 |
| Dec 31, 2023 | 19.18 |
| Sep 30, 2023 | 14.26 |
| Jun 30, 2023 | 16.64 |
| Mar 31, 2023 | 20.25 |
| Dec 31, 2022 | 22.75 |
| Sep 30, 2022 | 14.51 |
| Jun 30, 2022 | 19.66 |
| Mar 31, 2022 | 19.16 |
| Dec 31, 2021 | 24.25 |
| Sep 30, 2021 | 21.23 |
API Access
Tencent Music Entertainment Price to Earnings 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-earnings&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();