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Tencent Music Entertainment Group (FRA:63TA) ROE % Adjusted to Book Value : 3.99% (As of Jun. 2024)


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What is Tencent Music Entertainment Group ROE % Adjusted to Book Value?

Tencent Music Entertainment Group's ROE % for the quarter that ended in Jun. 2024 was 11.18%. Tencent Music Entertainment Group's PB Ratio for the quarter that ended in Jun. 2024 was 2.80. Tencent Music Entertainment Group's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2024 was 3.99%.

Tencent Music Entertainment Group ROE % Adjusted to Book Value Historical Data

The historical data trend for Tencent Music Entertainment Group's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Tencent Music Entertainment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 3.09 2.15 4.89 3.65 5.07

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
ROE % Adjusted to Book Value 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 5.80 5.94 5.23 4.34 3.99

Competitive Comparison of Tencent Music Entertainment Group's ROE % Adjusted to Book Value

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's ROE % Adjusted to Book Value falls into.


Tencent Music Entertainment Group ROE % Adjusted to Book Value Calculation

Tencent Music Entertainment Group's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=9.23% / 1.82
=5.07%

Tencent Music Entertainment Group's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2024 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.18% / 2.80
=3.99%

* 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 Music Entertainment Group ROE % Adjusted to Book Value 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 (FRA:63TA) » Definitions » ROE % Adjusted to Book Value
Comparable Companies
MTCH TWLO SNAP ZG PINS IAC ATHM WB YELP YY GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
TME:USA 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.

Tencent Music Entertainment Group Headlines

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