Tencent Music
TME
$12.24
Share price
4.12%
Change (1 day)
66.37%
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.
P/S ratio for Tencent Music (TME)
P/S ratio as of April 2024 (TTM): 5.08
According to Tencent Music's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 5.08067. At the end of 2023 the company had a P/S ratio of 2.80.
P/S ratio history for Tencent Music from 2018 to 2023
PS ratio at the end of each year
| Year | P/S ratio | Change |
|---|---|---|
| 2023 | 2.80 | -19.78% |
| 2022 | 3.49 | 45.2% |
| 2021 | 2.40 | -68.34% |
| 2020 | 7.58 | 41.32% |
| 2019 | 5.36 | -29.35% |
| 2018 | 7.59 |
P/S ratio for similar companies or competitors
| Company | P/S ratio | P/S ratio differencediff. | Country |
|---|---|---|---|
 Perion Network PERI | 0.7481 | -85.28% | 🇮🇱 Israel |