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Tencent Music Entertainment Group Stock

Tencent Music Entertainment Group P/S 2024

Tencent Music Entertainment Group P/S

10.81

Ticker

TME

ISIN

US88034P1093

WKN

A2N7WQ

As of Sep 30, 2024, Tencent Music Entertainment Group's P/S ratio stood at 10.81, a 84.16% change from the 5.87 P/S ratio recorded in the previous year.

The Tencent Music Entertainment Group P/S history

Tencent Music Entertainment Group Aktienanalyse

What does Tencent Music Entertainment Group do?

Tencent Music is a Chinese music platform that was created in 2016 through the merger of Tencent Music Entertainment and China Music Corporation. It is a subsidiary of Tencent Holdings Limited, one of China's largest internet companies. Tencent Music offers various types of music content such as online karaoke, music streaming, music videos, and social features for users. Tencent Music Entertainment Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Tencent Music Entertainment Group's P/S Ratio

Tencent Music Entertainment Group's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Tencent Music Entertainment Group's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Tencent Music Entertainment Group's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Tencent Music Entertainment Group’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Tencent Music Entertainment Group stock

What is the price-to-earnings ratio of Tencent Music Entertainment Group?

The price-earnings ratio of Tencent Music Entertainment Group is currently 10.81.

How has the price-earnings ratio of Tencent Music Entertainment Group changed compared to last year?

The price-to-earnings ratio of Tencent Music Entertainment Group has increased by 84.16% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Tencent Music Entertainment Group high compared to other companies?

Yes, the price-to-earnings ratio of Tencent Music Entertainment Group is high compared to other companies.

How does an increase in the price-earnings ratio of Tencent Music Entertainment Group affect the company?

An increase in the price-earnings ratio of Tencent Music Entertainment Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Tencent Music Entertainment Group affect the company?

A decrease in the price-earnings ratio of Tencent Music Entertainment Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Tencent Music Entertainment Group?

Some factors that influence the price-earnings ratio of Tencent Music Entertainment Group are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Tencent Music Entertainment Group pay?

Over the past 12 months, Tencent Music Entertainment Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Tencent Music Entertainment Group is expected to pay a dividend of 0 CNY.

What is the dividend yield of Tencent Music Entertainment Group?

The current dividend yield of Tencent Music Entertainment Group is .

When does Tencent Music Entertainment Group pay dividends?

Tencent Music Entertainment Group pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Tencent Music Entertainment Group?

Tencent Music Entertainment Group paid dividends every year for the past 0 years.

What is the dividend of Tencent Music Entertainment Group?

For the upcoming 12 months, dividends amounting to 0 CNY are expected. This corresponds to a dividend yield of 0 %.

In which sector is Tencent Music Entertainment Group located?

Tencent Music Entertainment Group is assigned to the 'Communication' sector.

Wann musste ich die Aktien von Tencent Music Entertainment Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Tencent Music Entertainment Group from 6/27/2024 amounting to 0.137 CNY, you needed to have the stock in your portfolio before the ex-date on 5/31/2024.

When did Tencent Music Entertainment Group pay the last dividend?

The last dividend was paid out on 6/27/2024.

What was the dividend of Tencent Music Entertainment Group in the year 2023?

In the year 2023, Tencent Music Entertainment Group distributed 0 CNY as dividends.

In which currency does Tencent Music Entertainment Group pay out the dividend?

The dividends of Tencent Music Entertainment Group are distributed in CNY.

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Andere Kennzahlen von Tencent Music Entertainment Group

Our stock analysis for Tencent Music Entertainment Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tencent Music Entertainment Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.