SeekingAlpha · Nov 4, 2026
Tencent Music: An Asset-Light Platform That Is Absurdly Cheap
Tencent Musicâs investment portfolio includes stakes in Spotify and Universal Music worth $2.8 billion, representing more than 20% of its current market cap.
NYSE · TME
Tencent Music Entertainment Group
Communication Services · Internet Content & Information
$9.33
Down-$0.05 (-0.53%)
Updated Nov 11, 2026, 5:06 AM
SID Score
5.9/10
Composite research score
Smart Money
58/100
Neutral
- Market cap
- 27.89B
- P/E ratio
- 19.46
- Dividend yield
- 1.93%
- 52-week range
- $7.66 – $17.94
- Volume
- 4.01M
- Avg. volume
- 5.48M
Price performance · TME
TME price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Nov 10, 2026
TME closed at $9.33 after 21 trading sessions, up 9.76% for the selected period.
- Last close
- $9.33
- Period change
- +9.76%
- Period low
- $8.33
- Period high
- $9.56
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Nov 10, 2026 | $9.34 | $9.455 | $9.235 | $9.33 | 4.01M |
| Nov 9, 2026 | $9.44 | $9.445 | $9.24 | $9.38 | 5.71M |
| Nov 6, 2026 | $9.36 | $9.595 | $9.32 | $9.56 | 3.64M |
| Nov 5, 2026 | $9.68 | $9.72 | $9.3103 | $9.45 | 12.02M |
| Nov 4, 2026 | $9.20 | $9.50 | $9.12 | $9.48 | 6.08M |
| Nov 3, 2026 | $8.92 | $9.07 | $8.88 | $9.04 | 7.64M |
| Nov 2, 2026 | $8.60 | $8.97 | $8.56 | $8.91 | 9.79M |
| Oct 30, 2026 | $8.50 | $8.58 | $8.40 | $8.41 | 6.27M |
| Oct 29, 2026 | $8.28 | $8.38 | $8.215 | $8.37 | 3.39M |
| Oct 28, 2026 | $8.42 | $8.47 | $8.19 | $8.33 | 7.53M |
| Oct 27, 2026 | $8.40 | $8.49 | $8.40 | $8.49 | 3.49M |
| Oct 26, 2026 | $8.47 | $8.555 | $8.40 | $8.48 | 5.42M |
| Oct 23, 2026 | $8.63 | $8.735 | $8.505 | $8.51 | 2.36M |
| Oct 22, 2026 | $8.32 | $8.675 | $8.30 | $8.60 | 4.89M |
| Oct 21, 2026 | $8.34 | $8.465 | $8.21 | $8.44 | 5.09M |
| Oct 20, 2026 | $8.58 | $8.625 | $8.485 | $8.57 | 3.87M |
| Oct 19, 2026 | $8.71 | $8.785 | $8.63 | $8.67 | 3.2M |
| Oct 16, 2026 | $8.70 | $8.75 | $8.59 | $8.63 | 4.23M |
| Oct 15, 2026 | $8.40 | $8.675 | $8.34 | $8.65 | 6.22M |
| Oct 14, 2026 | $8.54 | $8.65 | $8.38 | $8.48 | 4.49M |
| Oct 13, 2026 | $8.47 | $8.595 | $8.42 | $8.50 | 6.1M |
Latest TME news
The latest Smart Investors Daily articles mentioning TME.
Stock researchCompany · Overview
Company
Market Activity
Research & News
TME research
Overview
Company profile and research snapshot.
Company profile
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.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- $28.65
- Implied upside
- —
- Analysts
- —
| Date | Firm | Rating | Target |
|---|---|---|---|
| Aug 12, 2026 | China Renaissance | Hold | — |
| Aug 12, 2026 | Mizuho | Outperform | — |
| May 14, 2026 | JP Morgan | Neutral | — |
| May 13, 2026 | Mizuho | Outperform | — |
| Mar 19, 2026 | Barclays | Overweight | — |
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Yahoo · Oct 27, 2026
Citic Securities shares fall on soft Q3 profit
Investing.com -- Citic Securities shares fell on Tuesday after the Chinese brokerage giant posted a 20.2% decline in third-quarter net profit on Monday, hurt chiefly by sluggish retail trading and overall weakness in domestic stock markets.
Yahoo · Oct 20, 2026
JJ Lin, Tia Ray & Lil Ghost Take the Formula 1 Singapore Grand Prix Stage With Support From TME
JJ Lin, Tia Ray and Lil Ghost brought their distinctive sounds to the Formula 1 Singapore Grand Prix on October 9, 2026, energizing the evening's entertainment in Singapore with performances that brought music and motorsport together for a global audience. The appearances were part of Tencent Music Entertainment Group (TME)'s efforts to bring leading artists from the Chinese-language music scene to international stages.
Yahoo · Oct 18, 2026
Tencent Music (TME) Stock May Be 15% Undervalued After DeepSeek AI News
Tencent Music Entertainment Group has seen its share price fall sharply over the past year, even as it continues to generate cash from its streaming and audio platforms. With the stock around US$8.63, the question for investors is whether the cash flows of Tencent Music still justify where the market is pricing it today. The share price is down 60.4% over the past year, which puts the focus squarely on whether that fall is in line with the cash the business is expected to produce. Recent...
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