AT&T Inc. (T) vs Tencent Holdings Limited (TCEHY)
T leads on 10 of 16 compared metrics.
A side-by-side comparison of AT&T Inc. and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
T
AT&T Inc.
$23.58Communication Services
TCEHY
Tencent Holdings Limited
$59.06Communication Services
Total return — T vs TCEHY
growth of $100 · last 18yT +12.3%TCEHY +4001.4%TCEHY compounded faster
Log scale — wide-divergence pair
T TCEHY
T vs TCEHY: by the numbers
- •TCEHY is the larger company ($533.13B vs $163.84B market cap).
- •T trades at the lower earnings multiple (7.94 vs 16.48 P/E).
- •TCEHY converts more revenue to profit (30.60% vs 16.89% net margin).
- •TCEHY grew revenue faster over the past five years (7.40% vs -6.06% CAGR).
- •T pays the higher dividend yield (4.71% vs 1.14%).
Which is better, T or TCEHY?
Metric tally: T 10 · TCEHY 6It depends on what you're optimizing for:
ValueT(lower P/E)
GrowthTCEHY(faster 5Y revenue CAGR)
IncomeT(higher dividend yield)
QualityTCEHY(higher ROIC)
Valuation
| Metric | T | TCEHY |
|---|---|---|
| P/E ratio | 7.94● | 16.48 |
| Forward P/E | 9.28 | — |
| P/S ratio | 1.31● | 5.00 |
| P/B ratio | 1.51● | 3.33 |
| PEG ratio | 0.08● | 1.50 |
| EV / EBITDA | 5.88● | 12.31 |
| FCF yield | 10.47%● | 4.78% |
Profitability
| Metric | T | TCEHY |
|---|---|---|
| Gross margin | 79.66%● | 55.36% |
| Operating margin | 19.35% | 32.33%● |
| Net margin | 16.89% | 30.60%● |
| ROE | 19.48% | 20.37%● |
| ROIC | 5.57% | 11.71%● |
Dividends
| Metric | T | TCEHY |
|---|---|---|
| Dividend yield | 4.71%● | 1.14% |
| Payout ratio | 36.51% | 19.63% |
Growth (annualized)
| Metric | T | TCEHY |
|---|---|---|
| Revenue CAGR (5Y) | -6.06% | 7.40%● |
| EPS CAGR (5Y) | 8.15%● | 5.91% |
| FCF CAGR (5Y) | -10.02% | 2.70%● |
| Total return CAGR (5Y) | 7.79%● | -3.77% |
Frequently asked
- Which is better, T or TCEHY?
- It depends on your goal. value: T (lower P/E); growth: TCEHY (faster 5Y revenue CAGR); income: T (higher dividend yield); quality: TCEHY (higher ROIC). Across all compared metrics, T leads 10 to 6.
- Is T or TCEHY cheaper?
- On trailing earnings, T is cheaper: T trades at a 7.94 P/E and TCEHY at 16.48.
- Which has grown faster, T or TCEHY?
- Over the past five years, TCEHY grew revenue faster — T at a -6.06% CAGR versus TCEHY at 7.40%.
- Does T or TCEHY pay a bigger dividend?
- T yields 4.71% and TCEHY yields 1.14% based on trailing dividends and the latest price.
- Is T or TCEHY more profitable?
- TCEHY runs the higher net margin — T at 16.89% versus TCEHY at 30.60%.
- Which has been the better investment, T or TCEHY?
- Over the past 10-year, TCEHY delivered the higher annualized total return — T at 4.53% versus TCEHY at 11.18%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AT&T P/E ratioTencent P/E ratioAT&T dividend yieldTencent dividend yieldAT&T ROETencent ROEAT&T operating marginTencent operating marginAT&T revenue growthTencent revenue growthAT&T free cash flowTencent free cash flow
AT&T & Tencent appear in these rankings
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 June 14, 2026.