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TME Stock Tencent Music Entertainment Group

US · NYSE
$8.48 -0.35% Prices as of close 2026-10-27

Last in our picks 2026-10-23 — not in the current list; analysis below is from that screen

Subscription growth and operating leverage provide attractive exposure to China’s digital music market.

Future value: $12.68 (+47.43%) · 6-12 months · analyst consensus

Signal breakdown

  • ▸Subscription momentum and improving operating leverage
  • ▸Above 50-day MA (+3.33%)
  • ▾Near 52-week low (5.8% of range)
  • ▸~47% upside to price target

Is TME a buy right now?

Trend: TME is trading above the 50-day average (+2.05%), RSI 33 — neutral momentum, with a 3-month return of -10.92%.

Valuation & quality: Tencent Music Entertainment Group trades on a trailing P/E of 10.3, forward P/E 8.4, PEG 2.05, price-to-book 1.19; fundamentals show net margin 26.3%, return on equity 11.0%, revenue growth 5.8% year on year.

Analyst consensus: 28 analysts have a mean 12-month price target of $12.69 (+49.6% vs the last close; range $9.10 – $24.16), consensus rating “buy”.

Income: trailing dividend yield 2.83%.

Our screen: BUY (score 3) — Subscription growth and operating leverage provide attractive exposure to China’s digital music market.

Computed from end-of-day data; not personal advice.

12-month price chart

16.9 7.74 FebMarAprMayJunJulAugSepOct
Daily close, 2026-02-09 → 2026-10-26 (USD). Range 7.74 – 16.9.

Monthly returns

Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
-36.40%-1.20%+0.50%-9.40%+13.20%-12.50%-4.10%+6.90%

Fundamentals

Market cap
$13.82B
P/E (ttm)
10.3
Forward P/E
8.4
EPS (ttm)
$0.82
Price / book
1.19
PEG
2.05
Beta
0.75
Net margin
26.3%
ROE
11.0%
Revenue growth
5.8%
Earnings growth
2.4%
Revenue (ttm)
$33.93B
Free cash flow
$7.14B
Debt / equity
21%
Dividend yield
2.83%
52-wk range
$7.66 – $23.86
Volume
5,414,847
Avg volume (3m)
8,237,372

Analyst price target

Mean target
$12.69
Low
$9.10
High
$24.16
Analysts
28
Consensus
BUY

Technical signals

RSI (14)
32.5
vs 50-day MA
+2.05%
1-mo return
+1.07%
3-mo return
-10.92%
Volume z-score
-0.55

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.

Sector: Communication Services · Industry: Internet Content & Information · China · 5,690 employees · Website

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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.