MEX:TMEN'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 2.3 Max: 6.44
Current: 1.18
During the past 10 years, Tencent Music Entertainment Group's highest PB Ratio was 6.44. The lowest was 0.74. And the median was 2.30.
MEX:TMEN's PB Ratio is ranked better than 64.84% of 512
companies
in the Interactive Media industry
Industry Median: 1.66
vs MEX:TMEN: 1.18
During the past 12 months, Tencent Music Entertainment Group's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 22.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Tencent Music Entertainment Group was 26.70% per year. The lowest was -0.60% per year. And the median was 11.60% per year.
Back to Basics: PB Ratio
Tencent Music Entertainment Group (MEX:TMEN) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tencent Music Entertainment Group PB Ratio Related Terms
Tencent Music Entertainment Group PB Ratio Historical Data
* 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 Music Entertainment Group's PB Ratio, along with its competitors' market caps and 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 Music Entertainment Group PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tencent Music Entertainment Group's PB Ratio falls into.
Tencent Music Entertainment Group PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Tencent Music Entertainment Group (MEX:TMEN) has a PB Ratio of 1.16 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tencent Music Entertainment Group and its competitors. This is 50% below median its historical median of 2.30. Over the past decade, Tencent Music Entertainment Group's PB Ratio has ranged from 0.74 to 6.44. According to the industry distribution chart, Tencent Music Entertainment Group ranks #180 out of 512 companies in the Interactive Media industry, placing it in the top 35.2%.
Is Tencent Music Entertainment Group's PB Ratio too high?
Tencent Music Entertainment Group's current PB Ratio of 1.16 is 50% below median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 6.44. The Interactive Media industry median PB Ratio is 1.66. Tencent Music Entertainment Group's value of 1.16 is 30.1% below this industry median. Based on the distribution chart, Tencent Music Entertainment Group ranks #180 out of 512 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Tencent Music Entertainment Group has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Music Entertainment Group's PB Ratio compare to PINS and SNAP?
According to the Interactive Media industry distribution chart, Tencent Music Entertainment Group ranks #180 out of 512 companies for PB Ratio. This puts Tencent Music Entertainment Group in the upper half of its industry. The industry median PB Ratio is 1.66. Tencent Music Entertainment Group's value of 1.16 is 30.1% below this benchmark. Historically, Tencent Music Entertainment Group's own PB Ratio has ranged from 0.74 to 6.44 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 1.66, Tencent Music Entertainment Group has consistently been below 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 PB Ratio for an Interactive Media company?
The median PB Ratio among Interactive Media companies is 1.66, based on 512 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tencent Music Entertainment Group's current PB Ratio of 1.16 is 30.1% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tencent Music Entertainment Group and its competitors. For the Interactive Media industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tencent Music Entertainment Group's current PB Ratio is 1.16, which is 50% below median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tencent Music Entertainment Group stock overvalued right now?
Based on GuruFocus' analysis, Tencent Music Entertainment Group (MEX:TMEN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN270.92, compared to a current price of MXN145.80 — trading 46.2% below its estimated fair value. The current PB Ratio is 1.16, which is 50% below median its 10-year median of 2.30 and 30.1% below the Interactive Media industry median of 1.66. Tencent Music Entertainment Group's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tencent Music Entertainment Group (MEX:TMEN), the current PB Ratio is 1.16 as of Jun. 25, 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 Music Entertainment Group (MEX:TMEN) Overvalued in 2026?
Based on GuruFocus' analysis, Tencent Music Entertainment Group stock appears to be undervalued.
The current stock price of MXN145.80 is trading 46.2% below its estimated GF Value™ of MXN270.92.
GuruFocus considers Tencent Music Entertainment Group to be Significantly Undervalued.
Key valuation signals for MEX:TMEN:
PB Ratio: 1.16 (50% below median its 10-year median of 2.30)
GF Value™: MXN270.92 vs. price of MXN145.80 (46.2% below fair value)
Industry Position: 30.1% below the Interactive Media median (#180 of 512)
No single metric tells the full story. See the MEX:TMEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tencent Music Entertainment Group Business Description
Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.
78GF Score
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