Tencent Music Entertainment Group
NYSE:TME

Watchlist Manager
Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
NYSE:TME
Watchlist
Price: 17.38 USD 0.12% Market Closed
Market Cap: 26.8B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one TME stock under the Base Case scenario is 13.54 USD. Compared to the current market price of 17.38 USD, Tencent Music Entertainment Group is Overvalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TME Relative Value
Base Case
13.54 USD
Overvaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.7
P/S
P/S
Price to Sales
6.7
vs History
3
vs Industry
13
Median 3Y
3.2
Median 5Y
4.1
Industry
1.5
Forward
6.1
More Details
20.3
P/E
P/E
Price to Earnings
20.3
vs History
58
vs Industry
17
Median 3Y
19.9
Median 5Y
21.3
Industry
17.7
Forward
22.3
More Details
19.1
P/OCF
P/OCF
Price to OCF
19.1
vs History
25
vs Industry
21
Median 3Y
12.4
Median 5Y
13.1
Industry
11.1
More Details
19.1
P/FCFE
P/FCFE
Price to FCFE
19.1
vs History
31
vs Industry
23
Median 3Y
12.9
Median 5Y
15
Industry
15.5
More Details
2.8
P/B
P/B
Price to Book Value
2.8
vs History
22
vs Industry
24
Median 3Y
1.8
Median 5Y
1.9
Industry
1.8
More Details
5.8
EV/S
EV/S
Enterprise Value to Sales
5.8
vs History
6
vs Industry
15
Median 3Y
2.7
Median 5Y
3.5
Industry
1.6
Forward
5.4
More Details
13.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
13.6
vs History
20
vs Industry
14
Median 3Y
8.2
Median 5Y
8.9
Industry
3.4
More Details
21.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
21.7
vs History
33
vs Industry
14
Median 3Y
16.2
Median 5Y
17.2
Industry
8.7
Forward
14.8
More Details
21.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
21.7
vs History
38
vs Industry
17
Median 3Y
16.9
Median 5Y
19.2
Industry
12.4
Forward
15.1
More Details
16.8
EV/OCF
EV/OCF
Enterprise Value to OCF
16.8
vs History
25
vs Industry
21
Median 3Y
10.2
Median 5Y
10.8
Industry
10.8
More Details
16.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
16.8
vs History
30
vs Industry
24
Median 3Y
10.6
Median 5Y
12.5
Industry
13.4
More Details
3
EV/IC
EV/IC
Enterprise Value to IC
3
vs History
23
vs Industry
19
Median 3Y
1.7
Median 5Y
1.9
Industry
1.4
More Details

Multiples Across Competitors

TME Competitors Multiples
Tencent Music Entertainment Group Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
NYSE:TME
26.8B USD 6.7 20.3 21.7 21.7
US
Netflix Inc
NASDAQ:NFLX
521B USD 13 56.2 19.6 47.3
US
Walt Disney Co
NYSE:DIS
208.7B USD 2.2 23.4 12.7 17.5
LU
Spotify Technology SA
NYSE:SPOT
137.6B USD 7.4 103.1 61.8 66.1
NL
Universal Music Group NV
AEX:UMG
49.4B EUR 4.2 23.7 23.4 28.8
US
TKO Group Holdings Inc
NYSE:TKO
32.1B USD 24 189.7 92.2 121.9
US
Live Nation Entertainment Inc
NYSE:LYV
31.7B USD 1.4 45.7 16.9 24.6
US
Warner Bros Discovery Inc
NASDAQ:WBD
24.8B USD 0.6 -2.3 2.7 68.4
FR
Bollore SE
PAR:BOL
15.7B EUR 5 8.6 12.2 -35
US
Endeavor Group Holdings Inc
NYSE:EDR
13.8B USD 1.9 -17.6 34.6 -207.1
US
Warner Music Group Corp
NASDAQ:WMG
13.5B USD 2.1 30.2 14.4 20.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBIT: 46.3
21.7
23%
0.9
US
Netflix Inc
NASDAQ:NFLX
47.3
22%
2.2
US
Walt Disney Co
NYSE:DIS
17.5
19%
0.9
LU
Spotify Technology SA
NYSE:SPOT
66.1
42%
1.6
NL
Universal Music Group NV
AEX:UMG
28.8
18%
1.6
US
TKO Group Holdings Inc
NYSE:TKO
121.9
51%
2.4
US
Live Nation Entertainment Inc
NYSE:LYV
24.6
18%
1.4
US
Warner Bros Discovery Inc
NASDAQ:WBD
68.4
51%
1.3
FR
Bollore SE
PAR:BOL
Negative Multiple: -35 N/A N/A
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -207.1 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
20.1
11%
1.8

See Also

Summary
TME intrinsic value, competitors valuation, and company profile.
DCF Valuation
TME stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TME stock valuation using valuation multiples.
Wall Street Estimates
TME price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TME stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 259,200+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.