Tencent Music Entertainment Group

Tencent Music Entertainment Groupverified

TME

Price:

$11.64

Market Cap:

$139.88B

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those inter...[Read more]

Industry

Internet Content & Information

IPO Date

2018-12-12

Stock Exchange

NYSE

Ticker

TME

The Enterprise Value as of October 2024 (TTM) for Tencent Music Entertainment Group (TME) is 133.66B

According to Tencent Music Entertainment Group’s latest financial reports and current stock price. The company's current Enterprise Value is 133.66B. This represents a change of 22.90% compared to the average of 108.75B of the last 4 quarters.

Tencent Music Entertainment Group (TME) Historical Enterprise Value (quarterly & annually)

How has TME Enterprise Value performed in the past?

The mean historical Enterprise Value of Tencent Music Entertainment Group over the last ten years is 124.23B. The current 133.66B Enterprise Value has changed 10.66% with respect to the historical average. Over the past ten years (40 quarters), TME's Enterprise Value was at its highest in in the December 2020 quarter at 411.26B. The Enterprise Value was at its lowest in in the June 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

124.23B

Median

120.46B

Minimum

71.02B

Maximum

202.36B

Tencent Music Entertainment Group (TME) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Tencent Music Entertainment Group Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 70.82%

Maximum Annual Enterprise Value = 202.36B

Minimum Annual Increase = -64.90%

Minimum Annual Enterprise Value = 71.02B

Quarterly (TTM)
Annual
YearEnterprise ValueChange
202393.97B6.91%
202287.90B23.76%
202171.02B-64.90%
2020202.36B70.82%
2019118.46B-3.26%
2018122.45B-14.27%
2017142.83B-7.77%

Tencent Music Entertainment Group (TME) Average Enterprise Value

How has TME Enterprise Value performed in the past?

The current Enterprise Value of Tencent Music Entertainment Group (TME) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

84.30B

5-year avg

114.74B

10-year avg

124.23B

Tencent Music Entertainment Group (TME) Enterprise Value vs. Peers

How is TME’s Enterprise Value compared to its peers?

Tencent Music Entertainment Group’s Enterprise Value is less than Baidu, Inc. (280.67B), greater than Twilio Inc. (11.68B), greater than Spotify Technology S.A. (63.93B), greater than Weibo Corporation (2.90B), greater than JOYY Inc. (1.01B), greater than DouYu International Holdings Limited (-2066262023.36), greater than Autohome Inc. (21.80B), greater than Hello Group Inc. (5.96B), greater than Yelp Inc. (2.15B), greater than Zhihu Inc. (-794852801.42), less than Tencent Holdings Limited (3.66T), greater than Snap Inc. (20.54B), less than Alphabet Inc. (2.01T), greater than Pinterest, Inc. (21.38B),

CompanyEnterprise ValueMarket cap
280.67B$35.54B
11.68B$11.28B
63.93B$71.74B
2.90B$2.17B
1.01B$1.90B
-2066262023.36$279.48M
21.80B$3.60B
5.96B$1.14B
2.15B$2.33B
-794852801.42$321.06M
3.66T$485.22B
20.54B$17.36B
2.01T$2.01T
21.38B$22.60B

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Frequently asked questions❓

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How does the current Enterprise Value for Tencent Music Entertainment Group (TME) compare to its historical average?