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Daily valuation snapshot
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares: source evidence dated 2026-10-09.
- Daily close (USD)
- $8.38
- Market capitalization (USD)
- $13,189,319,710
- Price / earnings (TTM)
- 8.35
- Price / book
- 1.11
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Company overview
Tencent Music Entertainment Group operates online music entertainment platforms that provides 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, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Daily valuation snapshot
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These values come from the daily market snapshot dated 2026-10-09. TTM means trailing twelve months. Use the market date when comparing TME with another company.
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| Daily close (USD) | $8.38 |
| Market capitalization (USD) | $13,189,319,710 |
| Price / earnings (TTM) | 8.35 |
| Price / book | 1.11 |
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Read TME's valuation metrics
Company size
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares's recorded market capitalization is $13,189,319,710. It measures the market value of the company's equity, rather than its revenue or cash balance.
Price relative to earnings
TME's recorded P/E is 8.35: about $8.35 of share price for each $1 of trailing annual earnings per share. Compare that multiple with earnings growth and companies in the same business.
Price relative to book equity
TME's recorded price-to-book ratio is 1.11. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.
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