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Tencent HoldingsLTS:0Z4S -3.96%79 Cyclically Adjusted PS Ratio is 7.25 as of Aug. 14, 2026, which is 34% below its 10-year median of 11.02. GuruFocus rates LTS:0Z4S with a GF Score™ of 79/100 and a GF Value™ of HK$535.78 (Modestly Undervalued). Among 335 Interactive Media companies, Tencent Holdings ranks worse than 87.46% on this metric.
The historical rank and industry rank for Tencent Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
LTS:0Z4S'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.27 Med: 11.02 Max: 28.87
Current: 7.13
During the past years, Tencent Holdings's highest Cyclically Adjusted PS Ratio was 28.87. The lowest was 5.27. And the median was 11.02.
LTS:0Z4S's Cyclically Adjusted PS Ratio is ranked worse than 87.46% of 335
companies
in the Interactive Media industry
Industry Median: 1.34
vs LTS:0Z4S: 7.13
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Tencent Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was HK$25.880. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$60.87 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tencent Holdings (LTS:0Z4S) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Tencent Holdings Cyclically Adjusted PS Ratio Related Terms
Tencent Holdings Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Tencent Holdings's Cyclically Adjusted PS 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.
Tencent Holdings Cyclically Adjusted PS Ratio Chart
LTS:0Z4S vs GOOGL, META, SPOT: Cyclically Adjusted PS Ratio Comparison
For the Internet Content & Information subindustry, Tencent Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Tencent Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tencent Holdings's Cyclically Adjusted PS Ratio falls into.
Tencent Holdings Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Tencent Holdings's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 7.25 mean?
Tencent Holdings (LTS:0Z4S) has a Cyclically Adjusted PS Ratio of 7.25 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tencent Holdings and its competitors. This is 34% below median its historical median of 11.02. Over the past decade, Tencent Holdings' Cyclically Adjusted PS Ratio has ranged from 5.27 to 28.87. According to the industry distribution chart, Tencent Holdings ranks #293 out of 335 companies in the Interactive Media industry, placing it in the top 87.5%.
Is Tencent Holdings' Cyclically Adjusted PS Ratio too high?
Tencent Holdings' current Cyclically Adjusted PS Ratio of 7.25 is 34% below median its 10-year median of 11.02. Over the past 10 years, this metric has ranged from a low of 5.27 to a high of 28.87. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.34. Tencent Holdings' value of 7.25 is 441% above this industry median. Based on the distribution chart, Tencent Holdings ranks #293 out of 335 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Tencent Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Holdings' Cyclically Adjusted PS Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Tencent Holdings ranks #293 out of 335 companies for Cyclically Adjusted PS Ratio. This places Tencent Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Tencent Holdings' value of 7.25 is 441% above this benchmark. Historically, Tencent Holdings' own Cyclically Adjusted PS Ratio has ranged from 5.27 to 28.87 over the past decade. While the company's 10-year median is 11.02 vs. the industry median of 1.34, Tencent Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.34, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tencent Holdings's current Cyclically Adjusted PS Ratio of 7.25 is 441% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tencent Holdings and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tencent Holdings's current Cyclically Adjusted PS Ratio is 7.25, which is 34% below median its own 10-year median of 11.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tencent Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tencent Holdings (LTS:0Z4S) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$535.78, compared to a current price of HK$441.20 — trading 17.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.25, which is 34% below median its 10-year median of 11.02 and 441% above the Interactive Media industry median of 1.34. Tencent Holdings' overall GF Score™ is 79/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Tencent Holdings (LTS:0Z4S), the current Cyclically Adjusted PS Ratio is 7.25 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tencent Holdings (LTS:0Z4S) Overvalued in 2026?
Based on GuruFocus' analysis, Tencent Holdings stock appears to be undervalued.
The current stock price of HK$441.20 is trading 17.7% below its estimated GF Value™ of HK$535.78.
GuruFocus considers Tencent Holdings to be Modestly Undervalued.
Key valuation signals for LTS:0Z4S:
Cyclically Adjusted PS Ratio: 7.25 (34% below median its 10-year median of 11.02)
GF Value™: HK$535.78 vs. price of HK$441.20 (17.7% below fair value)
Industry Position: 441% above the Interactive Media median (#293 of 335)
No single metric tells the full story. See the LTS:0Z4S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tencent is the world's largest game publisher, with top-grossing mobile hits like Honor of Kings and Peacekeeper Elite and a steady pipeline of new titles. It also operates WeChat-China's super-app with roughly 1.3 billion users-embedded in daily life for messaging, short video, mini programs, payments, and shopping. Beyond its own platforms, Tencent is a prolific strategic investor, holding stakes in leading internet companies such as PDD, Kuaishou, and Xiaohongshu.
79GF Score
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