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Television Broadcasts Ltd
F:TBCN

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Television Broadcasts Ltd
F:TBCN
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Price: 0.314 EUR 15.44% Market Closed
Market Cap: €140.3m

P/S

0.4
Current
11%
Cheaper
vs 3-y average of 0.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.4
=
Market Cap
€1.3B
/
Revenue
HK$3.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.4
=
Market Cap
€1.3B
/
Revenue
HK$3.2B

Valuation Scenarios

Television Broadcasts Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (0.5), the stock would be worth €0.35 (12% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+469%
Average Upside
168%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.4 €0.31
0%
3-Year Average 0.5 €0.35
+12%
5-Year Average 0.5 €0.38
+20%
Industry Average 2.3 €1.79
+469%
Country Average 1.1 €0.86
+172%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€1.3B
/
Jan 2026
HK$3.2B
=
0.4
Current
€1.3B
/
Dec 2026
HK$3.5B
=
0.4
Forward
€1.3B
/
Dec 2027
HK$3.8B
=
0.3
Forward
€1.3B
/
Dec 2028
HK$4B
=
0.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
HK
Television Broadcasts Ltd
F:TBCN
1.3B EUR 0.4 21.7
US
Fox Corp
NASDAQ:FOXA
26.9B USD 1.6 14.3
US
ViacomCBS Inc
LSE:0A65
24.3B USD 0.8 -39.2
US
Paramount Global
NASDAQ:PARA
7.4B USD 0.3 -1.4
LU
RTL Group SA
XETRA:RRTL
5.7B EUR 1 5.9
US
Nexstar Media Group Inc
NASDAQ:NXST
6.2B USD 1.2 66.8
JP
TBS Holdings Inc
TSE:9401
883.4B JPY 2.1 15.8
JP
Nippon Television Holdings Inc
TSE:9404
746.7B JPY 1.5 11.9
UK
ITV PLC
LSE:ITV
3B GBP 0.9 13.6
JP
Fuji Media Holdings Inc
TSE:4676
573.4B JPY 1.7 -46
SA
MBC Group CJSC
SAU:4072
12.8B SAR 2.4 33.6
P/E Multiple
Earnings Growth PEG
HK
Television Broadcasts Ltd
F:TBCN
Average P/E: 22.9
21.7
76%
0.3
US
Fox Corp
NASDAQ:FOXA
14.3
-1%
N/A
US
V
ViacomCBS Inc
LSE:0A65
Negative Multiple: -39.2 N/A N/A
US
Paramount Global
NASDAQ:PARA
Negative Multiple: -1.4 N/A N/A
LU
RTL Group SA
XETRA:RRTL
5.9
-24%
N/A
US
Nexstar Media Group Inc
NASDAQ:NXST
66.8
115%
0.6
JP
TBS Holdings Inc
TSE:9401
15.8
7%
2.3
JP
N
Nippon Television Holdings Inc
TSE:9404
11.9
14%
0.8
UK
ITV PLC
LSE:ITV
13.6
20%
0.7
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -46 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
33.6
N/A N/A

Market Distribution

Lower than 99% of companies in Hong Kong
Percentile
1st
Based on 1 661 companies
1st percentile
0
Low
0 — 0.6
Typical Range
0.6 — 2.8
High
2.8 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.6
Median 1.1
70th Percentile 2.8
Max 59 382.6

Television Broadcasts Ltd
Glance View

Market Cap
140.3m EUR
Industry
Media

Television Broadcasts Ltd. engages in the provision of terrestrial television broadcasting, program production, and television-related activities. The firm operates its business through seven segments. The Hong Kong TV Broadcasting segment engages in the broadcasting of television programmes and commercials on terrestrial TV platforms and production of programmes and co-produced dramas. The MyTV SUPER segment operates myTV SUPER over the top (OTT) services and website portals. The Big Big Channel Business segment operates online social media platform Big Big Channel, e-commerce platform Big Big Shop, music entertainment, event and digital marketing. The Programme Licensing and Distribution segment distributes TV programmes and channels. The Overseas Pay TV and TVB Anywhere segment provides pay TV and OTT services. The Other Activities segment engages in property investment. The Corporate Support segment provides financing services, and new media platforms development and information technology (IT) support services.

TBCN Intrinsic Value
0.75 EUR
Undervaluation 58%
Intrinsic Value
Price €0.314
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