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Tencent Holdings (MEX:TCEHY N) Cyclically Adjusted PB Ratio : 7.20 (As of Jun. 28, 2025)


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What is Tencent Holdings Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Tencent Holdings's current share price is MXN1236.00. Tencent Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN171.71. Tencent Holdings's Cyclically Adjusted PB Ratio for today is 7.20.

The historical rank and industry rank for Tencent Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:TCEHY N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.5   Med: 12.89   Max: 30.67
Current: 7.93

During the past years, Tencent Holdings's highest Cyclically Adjusted PB Ratio was 30.67. The lowest was 4.50. And the median was 12.89.

MEX:TCEHY N's Cyclically Adjusted PB Ratio is ranked worse than
90.61% of 330 companies
in the Interactive Media industry
Industry Median: 1.725 vs MEX:TCEHY N: 7.93

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Tencent Holdings's adjusted book value per share data for the three months ended in Mar. 2025 was MXN322.212. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN171.71 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tencent Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tencent Holdings's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tencent Holdings Cyclically Adjusted PB Ratio Chart

Tencent Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.09 11.98 7.17 5.61 6.79

Tencent Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.55 6.56 7.44 6.79 7.69

Competitive Comparison of Tencent Holdings's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Tencent Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tencent Holdings's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tencent Holdings's Cyclically Adjusted PB Ratio falls into.


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Tencent Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Tencent Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1236.00/171.71
=7.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tencent Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tencent Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=322.212/115.1156*115.1156
=322.212

Current CPI (Mar. 2025) = 115.1156.

Tencent Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.337 99.500 30.470
201509 30.558 100.500 35.002
201512 34.033 100.600 38.944
201603 35.713 102.200 40.226
201606 42.163 101.400 47.866
201609 50.101 102.400 56.322
201612 54.899 102.600 61.596
201703 55.996 103.200 62.461
201706 60.138 103.100 67.147
201709 67.778 104.100 74.950
201712 80.301 104.500 88.458
201803 83.989 105.300 91.818
201806 94.263 104.900 103.443
201809 90.099 106.600 97.296
201812 96.927 106.500 104.768
201903 110.487 107.700 118.094
201906 113.036 107.700 120.819
201909 117.361 109.800 123.043
201912 121.805 111.200 126.094
202003 160.062 112.300 164.075
202006 182.638 110.400 190.439
202009 195.159 111.700 201.127
202012 223.210 111.500 230.448
202103 249.264 112.662 254.694
202106 273.213 111.769 281.393
202109 284.300 112.215 291.648
202112 270.274 113.108 275.072
202203 254.063 114.335 255.798
202206 229.990 114.558 231.110
202209 226.032 115.339 225.595
202212 210.825 115.116 210.825
202303 212.918 115.116 212.918
202306 194.755 114.558 195.703
202309 192.686 115.339 192.313
202312 204.686 114.781 205.283
202403 209.154 115.227 208.952
202406 234.686 114.781 235.370
202409 276.355 115.785 274.758
202412 305.042 114.893 305.634
202503 322.212 115.116 322.212

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Tencent Holdings  (MEX:TCEHY N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Tencent Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tencent Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tencent Holdings Business Description

Address
No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

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