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

T has the lower trailing P/E: T trades at 8.65 and TCEHY at 14.97. 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 6.83%.

Does T or TCEHY pay a bigger dividend?

T yields 4.34% and TCEHY yields 1.23% 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 29.83%.

How have T and TCEHY total returns compared?

Over the past 10 years, T delivered 5.52% and TCEHY delivered 8.51% 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 September 10, 2026. Differences are shown without an overall score or investment verdict.

AT&T Inc.

$178.50B

$26.05Communication ServicesDelayed quote: Sep 11, 2026, 3:59 PM EDT

TCEHY

Tencent Holdings Limited

$491.57B

$54.55Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — T vs TCEHY

growth of $100 · dividends reinvested · last 10y

T +72.3% (+5.6%/yr)TCEHY +121.6% (+8.3%/yr)TCEHY compounded faster over this window

T TCEHY

T vs TCEHY: by the numbers

•TCEHY is the larger company ($491.57B vs $178.50B market cap).
•T trades at the lower trailing earnings multiple (8.65 vs 14.97 P/E), one valuation lens rather than an overall verdict.
•TCEHY converts more revenue to profit (29.83% vs 16.89% net margin).
•TCEHY grew revenue faster over the past five years (6.83% vs -5.37% CAGR).
•T pays the higher dividend yield (4.34% vs 1.23%).

Metrics side by side

Valuation

Metric	T	TCEHY
P/E ratio	8.65	14.97
Forward P/E	11.14	N/A
P/S ratio	1.40	4.36
P/B ratio	1.62	2.94
EV / EBITDA	6.99	11.31
FCF yield	9.89%	5.21%

Profitability

Metric	T	TCEHY
Gross margin	59.72%	55.66%
Operating margin	20.38%	32.48%
Net margin	16.89%	29.83%
ROE	19.46%	20.11%
ROIC	5.96%	11.92%

Dividends

Metric	T	TCEHY
Dividend yield	4.34%	1.23%
Payout ratio	36.88%	18.51%

Growth (annualized)

Metric	T	TCEHY
Revenue CAGR (5Y)	-5.37%	6.83%
EPS CAGR (5Y)	8.15%	5.91%
FCF CAGR (5Y)	-9.29%	2.93%
Total return CAGR (5Y)	10.97%	-0.93%

Frequently asked

Which has the lower trailing P/E, T or TCEHY?: T has the lower trailing P/E: T trades at 8.65 and TCEHY at 14.97. 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 6.83%.
Does T or TCEHY pay a bigger dividend?: T yields 4.34% and TCEHY yields 1.23% 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 29.83%.
How have T and TCEHY total returns compared?: Over the past 10 years, T delivered 5.52% and TCEHY delivered 8.51% 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 September 10, 2026.