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Tencent Music Entertainment Group (Tencent Music Entertainment Group) EV-to-Revenue : 5.09 (As of Apr. 28, 2024)


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What is Tencent Music Entertainment Group EV-to-Revenue?

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Tencent Music Entertainment Group's enterprise value is $19,835 Mil. Tencent Music Entertainment Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $3,899 Mil. Therefore, Tencent Music Entertainment Group's EV-to-Revenue for today is 5.09.

The historical rank and industry rank for Tencent Music Entertainment Group's EV-to-Revenue or its related term are showing as below:

TME' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.71   Med: 3.62   Max: 11.32
Current: 5.09

During the past 8 years, the highest EV-to-Revenue of Tencent Music Entertainment Group was 11.32. The lowest was 0.71. And the median was 3.62.

TME's EV-to-Revenue is ranked worse than
79.28% of 584 companies
in the Interactive Media industry
Industry Median: 1.615 vs TME: 5.09

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2024-04-28), Tencent Music Entertainment Group's stock price is $12.88. Tencent Music Entertainment Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $2.46. Therefore, Tencent Music Entertainment Group's PS Ratio for today is 5.23.

Tencent Music Entertainment Group EV-to-Revenue Historical Data

The historical data trend for Tencent Music Entertainment Group's EV-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tencent Music Entertainment Group EV-to-Revenue Chart

Tencent Music Entertainment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-Revenue
Get a 7-Day Free Trial 4.56 6.62 1.91 3.01 3.39

Tencent Music Entertainment Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.01 2.94 2.52 2.23 3.39

Competitive Comparison of Tencent Music Entertainment Group's EV-to-Revenue

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's EV-to-Revenue Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's EV-to-Revenue distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's EV-to-Revenue falls into.


Tencent Music Entertainment Group EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

Tencent Music Entertainment Group's EV-to-Revenue for today is calculated as:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=19834.546/3899.313
=5.09

Tencent Music Entertainment Group's current Enterprise Value is $19,835 Mil.
Tencent Music Entertainment Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,899 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tencent Music Entertainment Group  (NYSE:TME) EV-to-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

Tencent Music Entertainment Group's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=12.88/2.463
=5.23

Tencent Music Entertainment Group's share price for today is $12.88.
Tencent Music Entertainment Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.46.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tencent Music Entertainment Group EV-to-Revenue Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » EV-to-Revenue
Comparable Companies
MTCH TWLO SNAP ZG PINS IAC ATHM WB YELP YY GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
01698:Hong Kong 0A2Z:UK 63TA:Germany
Address
Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057
Website
https://www.tencentmusic.com
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.