TME (Tencent Music Entertainment Group) Market Cap : $20,394 Mil (As of Dec. 13, 2024)

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What is Tencent Music Entertainment Group Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Tencent Music Entertainment Group's share price for the quarter that ended in Jun. 2024 was $14.05. Tencent Music Entertainment Group's Shares Outstanding (EOP) for the quarter that ended in Jun. 2024 was 1,690 Mil. Therefore, Tencent Music Entertainment Group's market cap for the quarter that ended in Jun. 2024 was $23,739 Mil.

Tencent Music Entertainment Group's quarterly market cap increased from Dec. 2023 ($15,223 Mil) to Mar. 2024 ($18,907 Mil) and increased from Mar. 2024 ($18,907 Mil) to Jun. 2024 ($23,739 Mil).

Tencent Music Entertainment Group's annual market cap increased from Dec. 2021 ($11,611 Mil) to Dec. 2022 ($14,209 Mil) and increased from Dec. 2022 ($14,209 Mil) to Dec. 2023 ($15,223 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Tencent Music Entertainment Group's Enterprise Value for Today is $18,071 Mil.

Tencent Music Entertainment Group Market Cap Historical Data

The historical data trend for Tencent Music Entertainment Group's Market Cap 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.

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Tencent Music Entertainment Group Market Cap Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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19,694.20

32,565.05

11,611.30

14,209.14

15,223.48

Tencent Music Entertainment Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Market Cap	Get a 7-Day Free Trial															12,664.67	10,779.78	15,223.48	18,906.85	23,739.16

Competitive Comparison of Tencent Music Entertainment Group's Market Cap

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Market Cap, along with its competitors' market caps and Market Cap 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 Music Entertainment Group's Market Cap Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Market Cap distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Market Cap falls into.

Tencent Music Entertainment Group Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Tencent Music Entertainment Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	$9.01	*	1689.62
	=	$15,223

Tencent Music Entertainment Group's Market Cap for the quarter that ended in Jun. 2024 is calculated as

Market Cap (Q: Jun. 2024 )	=	Share Price (Q: Jun. 2024 )	*	Shares Outstanding (EOP) (Q: Jun. 2024 )
	=	$14.05	*	1689.62
	=	$23,739

Tencent Music Entertainment Group (NYSE:TME) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Tencent Music Entertainment Group Market Cap Related Terms

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Tencent Music Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Market Cap

Comparable Companies

Traded in Other Exchanges

TME:Mexico 01698:Hong Kong 63T:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.