Tencent Music
TME
$12.88
Share price
1.58%
Change (1 day)
81.66%
Change (1 year)
Categories
Tencent Music Entertainment Group (TME) is joint venture between Tencent and Spotify. The company provides music streaming services for the Chinese market.
Tencent Music (TME) - P/B ratio
P/B ratio as of April 2024 : 2.89
According to Tencent Music's latest financial reports the company has a price-to-book ratio of 2.89.
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 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.01 | -2% |
| 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 | differencediff. | Country |
|---|---|---|---|
 Perion Network PERI | 0.8654 | -70.04% | 🇮🇱 Israel |