P/E ratio for Tencent Music (TME)
P/E ratio as of April 2024 (TTM): 30.4
According to Tencent Music's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.3909. At the end of 2022 the company had a P/E ratio of 24.3.
P/E ratio history for Tencent Music from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.3 | -0.29% |
| 2021 | 24.4 | -60.68% |
| 2020 | 62.0 | 84.87% |
| 2019 | 33.6 | -56.34% |
| 2018 | 76.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Perion Network PERI | 4.78 | -84.28% | 🇮🇱 Israel |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.