Which has the lower trailing P/E, SPOT or TCEHY?

TCEHY has the lower trailing P/E: SPOT trades at 40.75 and TCEHY at 16.12. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, SPOT or TCEHY?

Over the past five years, SPOT grew revenue faster — SPOT at a 16.40% CAGR versus TCEHY at 7.40%.

Does SPOT or TCEHY pay a bigger dividend?

TCEHY pays a dividend (1.17% yield), while SPOT has no payments in the available dividend history.

Is SPOT or TCEHY more profitable?

TCEHY runs the higher net margin — SPOT at 15.43% versus TCEHY at 30.60%.

How have SPOT and TCEHY total returns compared?

Over the past 5 years, SPOT delivered 18.03% and TCEHY delivered 10.06% annualized total return. Past performance doesn't predict future results.

Spotify Technology S.A. (SPOT) vs Tencent Holdings Limited (TCEHY)

A side-by-side comparison of Spotify Technology S.A. and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

SPOT

Spotify Technology S.A.

$107.75B

$524.01Communication ServicesDelayed quote: Jul 29, 2026, 4:00 PM EDT

TCEHY

Tencent Holdings Limited

$533.39B

$59.19Communication ServicesDelayed quote: Jul 29, 2026, 3:59 PM EDT

Total return — SPOT vs TCEHY

growth of $100 · dividends reinvested · last 8y

SPOT +243.3%TCEHY +19.5%SPOT compounded faster

SPOT TCEHY

SPOT vs TCEHY: by the numbers

•TCEHY is the larger company ($533.39B vs $107.75B market cap).
•TCEHY trades at the lower trailing earnings multiple (16.12 vs 40.75 P/E), one valuation lens rather than an overall verdict.
•TCEHY converts more revenue to profit (30.60% vs 15.43% net margin).
•SPOT grew revenue faster over the past five years (16.40% vs 7.40% CAGR).
•TCEHY pays a dividend (1.17% yield), while SPOT has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	SPOT	TCEHY
P/E ratio	40.75	16.12
Forward P/E	40.61	N/A
P/S ratio	5.22	4.89
P/B ratio	11.56	3.25
PEG ratio	0.51	1.50
EV / EBITDA	34.66	12.76
FCF yield	3.48%	6.06%

Profitability

Metric	SPOT	TCEHY
Gross margin	32.31%	55.36%
Operating margin	13.70%	32.33%
Net margin	15.43%	30.60%
ROE	34.17%	20.37%
ROIC	21.05%	11.71%

Dividends

Metric	SPOT	TCEHY
Dividend yield	N/A	1.17%
Payout ratio	N/A	19.63%

Growth (annualized)

Metric	SPOT	TCEHY
Revenue CAGR (5Y)	16.40%	7.40%
EPS CAGR (5Y)	N/A	5.91%
FCF CAGR (5Y)	66.97%	6.82%
Total return CAGR (5Y)	18.03%	0.18%

Frequently asked

Which has the lower trailing P/E, SPOT or TCEHY?: TCEHY has the lower trailing P/E: SPOT trades at 40.75 and TCEHY at 16.12. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, SPOT or TCEHY?: Over the past five years, SPOT grew revenue faster — SPOT at a 16.40% CAGR versus TCEHY at 7.40%.
Does SPOT or TCEHY pay a bigger dividend?: TCEHY pays a dividend (1.17% yield), while SPOT has no payments in the available dividend history.
Is SPOT or TCEHY more profitable?: TCEHY runs the higher net margin — SPOT at 15.43% versus TCEHY at 30.60%.
How have SPOT and TCEHY total returns compared?: Over the past 5 years, SPOT delivered 18.03% and TCEHY delivered 10.06% annualized total return. Past performance doesn't predict future results.

Go deeper

Full SPOT analysis Full TCEHY analysis Interactive comparison tool

Dig into the metrics

Spotify Technology P/E ratio Tencent P/E ratio Spotify Technology dividend yield Tencent dividend yield Spotify Technology ROE Tencent ROE Spotify Technology operating margin Tencent operating margin Spotify Technology revenue growth Tencent revenue growth Spotify Technology free cash flow Tencent free cash flow

Spotify Technology & Tencent appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 29, 2026.