Insider buying last 90 days
No open-market insider purchases were filed for TME in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every TME insider filing, plotted on the chart in Gekko.Open TME in Gekko
Tencent Music Entertainment (TME) Stock Analysis & Forecast
Sep 28 close
$8.37−0.02 (−0.2%)
Gekko Brief
AI summaryThis week's headlines centre on index and analyst activity around Tencent Music Entertainment. TME received a consensus "Hold" rating from analysts, with an average 12-month price target of $17.21, while Nomura downgraded the stock to Neutral from Buy. Separately, the company was removed from the NYSE FTSE All-World Index and added to its SEHK listing, concentrating liquidity closer to its China operations, and was also dropped from the S&P Global BMI Index. Alongside this, TME completed a $1 billion bond offering, and commentary has continued to frame the shares as undervalued following recent weakness.
TME closed at $8.37, down 0.2%, sitting below both its 50-day average of $8.69 and its 200-day average of $11.38, with the 50-day below the 200-day. The GekkoIndex reads 57.1, placing it in the Neutral zone, down 7.7 points over the last five sessions. Price stands 25.2% below Gekko Fair Value of $11.19.
Over the next 20 trading days, the next earnings report is scheduled for 11 November 2026, before the open, 43 days away and outside a typical holding window. No insider, Congress or unusual options activity appears in the current window, and consensus among 7 firms stands at 4 buy and 3 hold ratings with a consensus target of $13.19. Seasonality from this point has averaged a 2.9% move over the next 20 trading days across 5 years, rising in 2 of them.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
Tencent Music Entertainment price vs fair value
Close $8.37200-day averageGekko Fair Value $11.19
Tencent Music Entertainment quick facts
- Market cap
- $12.86B
- P/E ratio
- 9.6
- Forward P/E
- 7.7
- EPS, TTM
- $0.87
- Revenue, TTM
- $33.93B
- Profit margin
- 26.3%
- Dividend yield
- 2.92%
- Beta
- 0.82
- Volume
- 5.83M avg 6.92M
- 1-year return
- −64.5%
- Typical daily move
- ±2.3%
- Typical 20-day move
- ±9.2%
- 50-day average
- $8.69
- 200-day average
- $11.38
- Next earnings
- Nov 11 before open
- Shares outstanding
- 797.3M
Tencent Music Entertainment swing-trade checklist
Tencent Music Entertainment scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive2 mixed1 headwind
- Trendheadwind
Below 50 and 200-day
Close $8.37 is below the 50-day ($8.69) and 200-day ($11.38) averages, and the 50-day is below the 200-day.
See the chart - GekkoIndexmixed
57.1, Neutral
Reading 57.1 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
25.2% below
Price is 25.2% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 43 days
Next report Nov 11, 2026, 43 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitymixed
+2.9% on average
From this point in the calendar, the next 20 trading days averaged +2.9% over 5 years, rising in 2 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Tencent Music Entertainment stock chart and price history
Tencent Music Entertainment closed at $8.37 on Sep 28, 2026, −64.5% over the past year, inside a 52-week range of $7.70 to $24.25.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −3.3%
- 3 months
- −0.9%
- 6 months
- −11.2%
- 1 year
- −64.5%
The full TME chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open TME in Gekko
Follow Tencent Music Entertainment through every session
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About Tencent Music Entertainment
Tencent Music Entertainment runs a group of online music and entertainment platforms serving listeners across China. Under names such as QQ Music, Kugou Music, and Kuwo Music, it lets users stream and discover songs, while its WeSing app lets people sing, share performances, and connect with other users over shared musical interests. It is also known for live broadcasting venues like Kugou Live and Kuwo Live, where performers can showcase themselves and engage directly with viewers, and for Kuwo Changting, which carries spoken audio content such as audiobooks, cross-talk, and radio dramas.
Beyond these digital services, the company earns revenue through physical products, including headsets, smart speakers, karaoke microphones, and Hi-Fi audio equipment. It also manages ticket sales for music events and works with makers of smart devices and vehicles to build music services into their products. The company has a strategic tie with China Literature, and its customer base spans everyday listeners as well as partners embedding its services into hardware.
Tencent Music Entertainment is headquartered in Shenzhen, China, and operates as a subsidiary of Tencent Holdings Limited. Its shares trade under the ticker TME.
- Sector
- Technology services
- Website
- tencentmusic.com
Tencent Music Entertainment GekkoIndex: the smart money zone
Tencent Music Entertainment’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 57.1, in the Neutral zone, down 7.7 points over five sessions.
57.1Neutral
Down 7.7 points over five sessions, from the Accumulation zone.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 48 | −1.2% | −3.8% | ||
| Accumulation | 242 | −0.8% | −3.4% | ||
| Neutral (current zone) | 290 | +1.0% | +2.5% | ||
| Distribution | 45 | −0.6% | +4.3% | ||
| Selling | 0 | Not available | |||
Average TME share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the TME price, zone by zone.Track TME in Gekko
Is Tencent Music Entertainment stock overvalued? Gekko Fair Value
Tencent Music Entertainment trades 25.2% below Gekko Fair Value of $11.19, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Tencent Music Entertainment shares are worth, recalculated every trading day.
$11.19
Gekko Fair Value, Sep 26, 2026
25.2% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open TME in Gekko
Tencent Music Entertainment insider and Congress trading
No open-market insider purchases were filed for Tencent Music Entertainment, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in TME were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for TME, plotted on the chart in Gekko.Open TME in Gekko
Hedge funds and billionaires quarter ended Jun 30
1of the funds Gekko tracks holds TME.
0added1opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Tencent Music Entertainment earnings: next date and track record
Tencent Music Entertainment reports on Nov 11, 2026, before the open (43 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Nov 11, 2026
Expected before the open, 43 days away
- EPS estimate
- $0.22
- Revenue estimate
- $1.36B
5 of 8reports beat the EPS estimate
±11.4%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 11, 2026 AI summary
- What they said
- TME delivered resilient Q2 performance with continued growth in marketing and consumption services revenue. The company expanded music IP monetization through live concerts, merchandise, and IP-driven experiences. Strategic highlights include deepened partnerships with Free Music Group, acquisition of Ximalaya (audio content), and artist management expansion. Proprietary content development accelerated, with Ximalaya producing 9 of its top 10 new titles in-house.
- Guidance
- No specific financial targets or quantitative guidance were provided in this excerpt. Management signaled continued investment in premium content, proprietary IP development, artist management, and cross-border partnerships as key growth drivers.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 11, 2026 | $0.25 est $0.24 | $1.32B est $1.30B | −14.5% |
| May 12, 2026 | $0.21 est $0.21 | $168.0M est $1.14B | −2.7% |
| Nov 12, 2025 | $0.22 est $0.21 | $1.19B est $1.19B | −10.0% |
| Aug 12, 2025 | $0.23 est $0.20 | $1.18B est $1.14B | +12.8% |
| May 13, 2025 | $0.19 est $0.19 | $140.6M est $1.00B | +18.6% |
| Nov 12, 2024 | $0.16 est $0.17 | $999.7M est $980.9M | −7.6% |
| Aug 13, 2024 | $1.19 est $1.17 | $985.3M est $983.3M | −15.2% |
| May 13, 2024 | $1.10 est $1.02 | $935.7M est $908.5M | +9.9% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Tencent Music Entertainment stock forecast and analyst price targets
Analysts’ average 12-month price target for Tencent Music Entertainment is $13.19, +57.6% from the last close, from 7 firms rating the stock in the last 90 days.
$13.19consensus 12-month target, +57.6% from the last close
Now $8.37Avg $13.19
Low $9High $20
Each firm’s latest rating in the last 90 days: 7 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Aug 17 | J.P. Morgan | $9 | +7.5% |
| Aug 13 | Barclays | $20 | +138.9% |
| Aug 13 | Mizuho Securities | $15 | +79.2% |
| Aug 12 | CMB International Securities | $15 | +79.2% |
| Aug 12 | UBS | $9.50 | +13.5% |
+2.5%average 20-day move after past Neutral readings
+2.9%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Tencent Music Entertainment seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, Tencent Music Entertainment averaged +2.9% across the last 5 years, rising in 2 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +3.4% | 4 of 5 |
| Next 10 trading days | +3.0% | 3 of 5 |
| Next 15 trading days | +2.9% | 2 of 5 |
| Next 20 trading days | +2.9% | 2 of 5 |
| Next 30 trading days | +1.9% | 2 of 5 |
For scale, TME’s typical 20-trading-day move in either direction is about 9.2%.
Tencent Music Entertainment market cap and key statistics
Tencent Music Entertainment’s market cap is $12.86B, with a P/E ratio of 9.6 and revenue of $33.93B over the last twelve months.
Valuation
- Market cap
- $12.86B
- P/E ratio
- 9.6
- Forward P/E
- 7.7
- EPS, TTM
- $0.87
- Gekko Fair Value
- $11.19
Trading
- Volume
- 5.83M
- Avg volume, 20 days
- 6.92M
- 52-week high
- $24.25
- 52-week low
- $7.70
- Shares outstanding
- 797.3M
Financials
- Revenue, TTM
- $33.93B
- Profit margin
- 26.3%
- Return on equity
- 11%
- Quarterly earnings growth, YoY
- +2.4%
Risk and income
- Beta
- 0.82
- Typical daily move
- ±2.3%
- Typical 20-day move
- ±9.2%
- Dividend yield
- 2.92%
Tencent Music Entertainment stock news this week
Coverage of Tencent Music Entertainment this week reads neutral: 1 positive, 3 neutral and 1 negative headlines.
- Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Receives Consensus Rating of "Hold" from AnalystsMarketBeat, Sep 25
- Nykredit A S Makes New $1.69 Million Investment in Tencent Music Entertainment Group Sponsored ADR $TMEMarketBeat, Sep 23
- How Index Switches Will Impact Tencent Music Stock InvestorsSimply Wall Street, Sep 22
- Tencent Music Entertainment Group(NYSE: TME) dropped from S&P Global BMI Indexmarketscreener.com, Sep 21
- Tencent Music Entertainment Group (NYSE:TME) As Its Fans Economy Story Keeps The Undervalued Case AliveSimply Wall Street, Sep 21
Tencent Music Entertainment stock FAQ
What is Tencent Music Entertainment’s market cap?
Tencent Music Entertainment’s market cap is $12.86B at the Sep 28, 2026 close of $8.37, with 797.3M shares outstanding. The shares trade on a P/E ratio of 9.6.
What is the Tencent Music Entertainment stock forecast?
The consensus analyst 12-month price target for Tencent Music Entertainment is $13.19, +57.6% from the last close. Of the 7 firms that rated the stock in the last 90 days, 4 rate it a buy, 3 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Tencent Music Entertainment stock overvalued or undervalued?
On Gekko’s estimate Tencent Music Entertainment is undervalued: the Sep 28, 2026 close of $8.37 is 25.2% below Gekko Fair Value of $11.19. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Tencent Music Entertainment report earnings next?
Tencent Music Entertainment is expected to report on Nov 11, 2026, before the market opens (43 days away). Analysts expect earnings of $0.22 per share on revenue of $1.36B. Tencent Music Entertainment beat the earnings estimate in 5 of its last 8 reports, moving 11.4% on average across the report.
What is Tencent Music Entertainment’s 52-week high and low?
Tencent Music Entertainment’s 52-week high is $24.25 and its 52-week low is $7.70; it closed at $8.37 on Sep 28, 2026, −64.5% over the past year. Over the last five years the shares peaked at $26.70 on Sep 17, 2025.
Is Tencent Music Entertainment stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (fair value and earnings risk), 2 as mixed (gekkoindex and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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