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

T has the lower trailing P/E: T trades at 8.19 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, T or TCEHY?

Over the past five years, TCEHY grew revenue faster — T at a -5.37% CAGR versus TCEHY at 7.40%.

Does T or TCEHY pay a bigger dividend?

T yields 4.50% and TCEHY yields 1.17% 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%.

How have T and TCEHY total returns compared?

Over the past 10 years, T delivered 4.42% and TCEHY delivered 10.06% annualized total return. Past performance doesn't predict future results.

AT&T Inc. (T) vs Tencent Holdings Limited (TCEHY)

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 July 29, 2026. Differences are shown without an overall score or investment verdict.

AT&T Inc.

$164.46B

$24.00Communication ServicesDelayed quote: Jul 29, 2026, 3:45 PM EDT

TCEHY

Tencent Holdings Limited

$538.97B

$59.81Communication ServicesDelayed quote: Jul 29, 2026, 3:30 PM EDT

Total return — T vs TCEHY

growth of $100 · dividends reinvested · last 18y

T +318.3%TCEHY +4378.6%TCEHY compounded faster

Log scale — wide-divergence pair

T TCEHY

T vs TCEHY: by the numbers

•TCEHY is the larger company ($538.97B vs $164.46B market cap).
•T trades at the lower trailing earnings multiple (8.19 vs 16.12 P/E), one valuation lens rather than an overall verdict.
•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 -5.37% CAGR).
•T pays the higher dividend yield (4.50% vs 1.17%).

Metrics side by side

Valuation

Metric	T	TCEHY
P/E ratio	8.19	16.12
Forward P/E	10.55	N/A
P/S ratio	1.35	4.89
P/B ratio	1.55	3.25
PEG ratio	0.08	1.50
EV / EBITDA	6.43	12.76
FCF yield	10.31%	6.06%

Profitability

Metric	T	TCEHY
Gross margin	79.77%	55.36%
Operating margin	20.38%	32.33%
Net margin	16.89%	30.60%
ROE	19.46%	20.37%
ROIC	5.57%	11.71%

Dividends

Metric	T	TCEHY
Dividend yield	4.50%	1.17%
Payout ratio	36.51%	19.63%

Growth (annualized)

Metric	T	TCEHY
Revenue CAGR (5Y)	-5.37%	7.40%
EPS CAGR (5Y)	8.15%	5.91%
FCF CAGR (5Y)	-9.29%	6.82%
Total return CAGR (5Y)	9.52%	0.18%

Frequently asked

Which has the lower trailing P/E, T or TCEHY?: T has the lower trailing P/E: T trades at 8.19 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, T or TCEHY?: Over the past five years, TCEHY grew revenue faster — T at a -5.37% CAGR versus TCEHY at 7.40%.
Does T or TCEHY pay a bigger dividend?: T yields 4.50% and TCEHY yields 1.17% 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%.
How have T and TCEHY total returns compared?: Over the past 10 years, T delivered 4.42% and TCEHY delivered 10.06% annualized total return. Past performance doesn't predict future results.

Go deeper

Full T analysis Full TCEHY analysis Interactive comparison tool

Dig into the metrics

AT&T P/E ratio Tencent P/E ratio AT&T dividend yield Tencent dividend yield AT&T ROE Tencent ROE AT&T operating margin Tencent operating margin AT&T revenue growth Tencent revenue growth AT&T free cash flow Tencent free cash flow

AT&T & Tencent appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks Lowest P/E Ratio 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.