Tencent Music Entertainment Group
TME
Rank in Stocks
#1681
Tencent Music Entertainment Group (TME) is a premier operator of online music... Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.
Share Price
$8.64
Last synced: 2026-10-19
Market Cap
$12.70B
Change (1 day)
0.29%
Change (1 year)
-62.01%
Country
CN
Trade Tencent Music Entertainment Group (TME)
Category
Communication Services
P/S ratio for Tencent Music Entertainment Group (TME)
P/S ratio as of October 2026 TTM: 2.40
According to Tencent Music Entertainment Group latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 2.40. At the end of 2023 the company had a P/S ratio of 3.51.
P/S ratio history for Tencent Music Entertainment Group from 2016 to 2026
P/S ratio at the end of each year
| Year | P/S Ratio | Change |
|---|---|---|
| 2026 (TTM) | 2.40 | -46.90% |
| 2024 | 4.52 | 28.68% |
| 2023 | 3.51 | 7.89% |
| 2022 | 3.25 | 106.35% |
| 2021 | 1.58 | -10.07% |
| 2020 | 1.75 | -18.31% |
| 2019 | 2.15 | -17.14% |
| 2018 | 2.59 | -42.26% |
| 2017 | 4.49 | -63.07% |
| 2016 | 12.15 | 0.00% |
P/S ratio for similar companies or competitors
| Company | P/S Ratio | P/S Ratio Difference | Country |
|---|---|---|---|
| 9.43 | 292.74% |
US
|
|
| 8.23 | 242.98% |
US
|
|
| - | - |
CN
|
|
| 5.30 | 120.89% |
SE
|
|
| - | - |
NL
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