Tencent Music Entertainment (TME) Price to FCF (2018 - 2026)
Tencent Music Entertainment's (TME) Price to FCF stood at 8.14 in Q2 2026, down 67.0% from 24.67 a year earlier and down 20.8% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Price to FCF (2018 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment's Price to FCF came in at 18.32, up 52.0% from FY2024.
- Across earlier years, Price to FCF came in at 12.05 in FY2024 (-9.5%), 13.32 in FY2023 (+10.1%), 12.09 in FY2022 (-10.2%) and 13.47 in FY2021 (-67.7%).
- The Q2 2026 figure is the lowest quarterly Price to FCF since Q3 2022.
- On a year-over-year basis, Price to FCF rose in five of the last eight quarters, with growth averaging 15.8%.
- Peak year-over-year performance for Price to FCF in the last five years was growth of 82.2% in Q3 2025, against a decline of 77.9% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 10.27 (Q1 2026), 19.26 (Q4 2025) and 25.16 (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 | 8.17 |
| Mar 31, 2026 | 10.32 |
| Dec 31, 2025 | 19.37 |
| Sep 30, 2025 | 25.12 |
| Jun 30, 2025 | 24.63 |
| Mar 31, 2025 | 15.87 |
| Dec 31, 2024 | 12.24 |
| Sep 30, 2024 | 13.84 |
| Jun 30, 2024 | 17.46 |
| Mar 31, 2024 | 15.26 |
| Dec 31, 2023 | 13.53 |
| Sep 30, 2023 | 9.16 |
| Jun 30, 2023 | 10.75 |
| Mar 31, 2023 | 13.31 |
| Dec 31, 2022 | 11.83 |
| Sep 30, 2022 | 7.50 |
| Jun 30, 2022 | 8.66 |
| Mar 31, 2022 | 8.74 |
| Dec 31, 2021 | 13.79 |
| Sep 30, 2021 | 12.29 |
API Access
Tencent Music Entertainment Price to FCF 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-fcf&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();