Tencent Music (TME)

P/B ratio as of November 2024 : 2.24

According to Tencent Music's latest financial reports the company has a price-to-book ratio of 5.07178.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Tencent Music - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.91	-6.74%
2022-12-31	2.05	41.62%
2021-12-31	1.45	-63.75%
2020-12-31	3.99	26.74%
2019-12-31	3.15	-19.86%
2018-12-31	3.93
2017-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Perion Network PERI	0.5702	-74.50%	🇮🇱 Israel

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Tencent Music (TME) - P/B ratio