Tencent HoldingsTCTZF +4.45%80 EV-to-FCF is 10.93 as of Jul. 01, 2026, which is 48% below its 10-year median of 20.87. GuruFocus rates TCTZF with a GF Score™ of 80/100 and a GF Value™ of $69.97 (Modestly Undervalued). Among 336 Interactive Media companies, Tencent Holdings ranks worse than 51.49% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Tencent Holdings's Enterprise Value is $507,831 Mil.
Tencent Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $46,478 Mil. Therefore, Tencent Holdings's EV-to-FCF for today is 10.93.
The historical rank and industry rank for Tencent Holdings's EV-to-FCF or its related term are showing as below:
TCTZF'
s EV-to-FCF Range Over the Past 10 Years
Min: 10.41 Med: 20.87 Max: 33.71
Current: 10.74
During the past 13 years, the highest EV-to-FCF of Tencent Holdings was 33.71. The lowest was 10.41. And the median was 20.87.
TCTZF's EV-to-FCF is ranked worse than 51.49% of 336
companies
in the Interactive Media industry
Industry Median: 9.785
vs TCTZF: 10.74
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Tencent Holdings's PE Ratio (TTM) for today is calculated as:
Tencent Holdings's share price for today is $57.50.
Tencent Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.591.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Tencent Holdings EV-to-FCF Related Terms
Tencent Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Tencent Holdings's EV-to-FCF 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.
For the Internet Content & Information subindustry, Tencent Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Tencent Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Tencent Holdings's EV-to-FCF falls into.
Tencent Holdings's current Enterprise Value is $507,831 Mil.
Tencent Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $46,478 Mil.
* 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 (TCTZF) has a EV-to-FCF of 10.93 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tencent Holdings and its competitors. This is 48% below median its historical median of 20.87. Over the past decade, Tencent Holdings' EV-to-FCF has ranged from 10.41 to 33.71. According to the industry distribution chart, Tencent Holdings ranks #173 out of 336 companies in the Interactive Media industry, placing it in the top 51.5%.
Is Tencent Holdings' EV-to-FCF too high?
Tencent Holdings' current EV-to-FCF of 10.93 is 48% below median its 10-year median of 20.87. Over the past 10 years, this metric has ranged from a low of 10.41 to a high of 33.71. The Interactive Media industry median EV-to-FCF is 9.79. Tencent Holdings' value of 10.93 is 11.7% above this industry median. Based on the distribution chart, Tencent Holdings ranks #173 out of 336 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Tencent Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Holdings' EV-to-FCF compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Tencent Holdings ranks #173 out of 336 companies for EV-to-FCF. This places Tencent Holdings in the lower half of its industry. The industry median EV-to-FCF is 9.79. Tencent Holdings' value of 10.93 is 11.7% above this benchmark. Historically, Tencent Holdings' own EV-to-FCF has ranged from 10.41 to 33.71 over the past decade. While the company's 10-year median is 20.87 vs. the industry median of 9.79, 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 EV-to-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 9.79, based on 336 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tencent Holdings's current EV-to-FCF of 10.93 is 11.7% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tencent Holdings and its competitors. For the Interactive Media industry, the median EV-to-FCF is 9.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tencent Holdings's current EV-to-FCF is 10.93, which is 48% below median its own 10-year median of 20.87. 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 (TCTZF) is currently considered Modestly Undervalued. The stock's GF Value™ is $69.97, compared to a current price of $57.50 — trading 17.8% below its estimated fair value. The current EV-to-FCF is 10.93, which is 48% below median its 10-year median of 20.87 and 11.7% above the Interactive Media industry median of 9.79. Tencent Holdings' overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Tencent Holdings (TCTZF), the current EV-to-FCF is 10.93 as of Jul. 01, 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 (TCTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Tencent Holdings stock appears to be undervalued.
The current stock price of $57.50 is trading 17.8% below its estimated GF Value™ of $69.97.
GuruFocus considers Tencent Holdings to be Modestly Undervalued.
Key valuation signals for TCTZF:
EV-to-FCF: 10.93 (48% below median its 10-year median of 20.87)
GF Value™: $69.97 vs. price of $57.50 (17.8% below fair value)
Industry Position: 11.7% above the Interactive Media median (#173 of 336)
No single metric tells the full story. See the TCTZF 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.
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