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Tencent Holdings Limited (TCEHY)
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Tencent Holdings Limited (TCEHY) EV/EBITDA Ratio: 12.35x

popular:market cap|pe ratio|revenue|price history|total return

Is Tencent Holdings Limited’s EV/EBITDA ratio high or low?

Tencent Holdings Limited's EV/EBITDA ratio of 12.35x is 16% below its 5-year average of 14.79x, around the middle of its 5-year range (7.87x–22.74x).

The EV/EBITDA ratio for Tencent Holdings Limited (TCEHY) is 12.35x as of Thursday, June 11, 2026. It is below its 12-month average by 28.68% (17.32x).

EV/Sales|P/E Ratio|EBITDA|All Metrics

TCEHY EV/EBITDA Ratio Chart

TCEHY EV/EBITDA Ratio
12.35x-35.54% 1Y
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TCEHY Average EV/EBITDA Ratio Chart

TCEHY Current vs Average EV/EBITDA Ratio Chart

TCEHY EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

12.35x

EV/EBITDA RATIO AVG TTM

17.32x

EV/EBITDA RATIO AVG 3Y

15.59x

EV/EBITDA RATIO AVG 5Y

14.79x

EV/EBITDA RATIO AVG 10Y

22.43x

EV/EBITDA RATIO AVG 15Y

24.82x

EV/EBITDA RATIO AVG 20Y

24.82x

CURRENT VS TTM AVG

-28.68%

CURRENT VS 3Y AVG

-20.77%

CURRENT VS 5Y AVG

-16.50%

CURRENT VS 10Y AVG

-44.95%

CURRENT VS 15Y AVG

-50.25%

CURRENT VS 20Y AVG

-50.25%

TCEHY Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Tencent Holdings Limited (TCEHY)$535.26B12.35x17.32x15.59x14.79x
Netflix, Inc. (NFLX)$345.29B10.49x15.66x14.00x12.28x
T-Mobile US, Inc. (TMUS)$200.66B11.32x11.31x11.69x12.07x
Verizon Communications Inc. (VZ)$195.94B7.92x7.28x7.54x7.60x
The Walt Disney Company (DIS)$171.20B10.43x12.62x15.19x23.12x
AT&T Inc. (T)$161.17B5.88x6.57x8.27x8.30x
Spotify Technology S.A. (SPOT)$103.45B28.82x61.58x173.58x170.27x
Comcast Corporation (CMCSA)$85.63B3.84x4.52x6.34x7.32x
Electronic Arts Inc. (EA)$50.95B40.74x30.55x22.90x23.31x
Reddit, Inc. (RDDT)$33.69B52.04x200.13x220.29x220.29x

EV/EBITDA vs. its own history

At 12.3, EV/EBITDA is cheaper than usual — richer than 10% of its 15-year range.

15-year low

7.9

median

25.9

15-year high

45.0

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Tencent Holdings Limited EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Tencent Holdings Limited EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The EV/EBITDA ratio for TCEHY stock is 12.35x.
Is Tencent Holdings Limited's EV/EBITDA ratio high or low?
Tencent Holdings Limited's EV/EBITDA ratio of 12.35x is 16% below its 5-year average of 14.79x, around the middle of its 5-year range (7.87x–22.74x).
What is the TTM average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The TTM average EV/EBITDA ratio for TCEHY stock is 17.32x.
What is the 3Y average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The 3Y average EV/EBITDA ratio for TCEHY stock is 15.59x.
What is the 5Y average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The 5Y average EV/EBITDA ratio for TCEHY stock is 14.79x.
What is the 10Y average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The 10Y average EV/EBITDA ratio for TCEHY stock is 22.43x.
What is the 15Y average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The 15Y average EV/EBITDA ratio for TCEHY stock is 24.82x.
What is the 20Y average EV/EBITDA ratio for Tencent Holdings Limited (TCEHY)?
The 20Y average EV/EBITDA ratio for TCEHY stock is 24.82x.

Tencent Holdings Limited EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1012.35x
2026-06-0912.03x
2026-06-0811.83x
2026-06-0511.89x
2026-06-0412.14x
2026-06-0312.13x
2026-06-0212.57x
2026-06-0111.57x
2026-05-2911.43x
2026-05-2811.43x
2026-05-2711.62x
2026-05-2611.73x
2026-05-2211.72x
2026-05-2111.87x
2026-05-2012.23x
2026-05-1912.22x
2026-05-1811.99x
2026-05-1512.23x
2026-05-1412.28x
2026-05-1312.72x
2026-05-1212.16x
2026-05-1112.40x
2026-05-0812.46x
2026-05-0712.63x
2026-05-0612.66x
2026-05-0512.57x
2026-05-0412.58x
2026-05-0112.74x
2026-04-3012.70x
2026-04-2912.55x
2026-04-2812.61x
2026-04-2712.71x
2026-04-2413.01x
2026-04-2312.94x
2026-04-2213.39x
2026-04-2113.52x
2026-04-2013.86x
2026-04-1713.83x
2026-04-1613.67x
2026-04-1513.35x
2026-04-1413.24x
2026-04-1313.22x
2026-04-1013.29x
2026-04-0913.47x
2026-04-0813.45x
2026-04-0713.00x
2026-04-0612.98x
2026-04-0212.95x
2026-04-0113.20x
2026-03-3113.14x
2026-03-3012.71x
2026-03-2714.19x
2026-03-2614.31x
2026-03-2514.66x
2026-03-2414.81x
2026-03-2314.70x
2026-03-2014.47x
2026-03-1914.76x
2026-03-1815.01x
2026-03-1715.69x
2026-03-1616.27x
2026-03-1315.85x
2026-03-1215.69x
2026-03-1116.11x
2026-03-1016.71x
2026-03-0915.22x
2026-03-0614.89x
2026-03-0514.60x
2026-03-0414.82x
2026-03-0314.67x
2026-03-0214.91x
2026-02-2714.94x
2026-02-2614.92x
2026-02-2515.20x
2026-02-2415.21x
2026-02-2315.43x
2026-02-2015.44x
2026-02-1915.46x
2026-02-1815.51x
2026-02-1715.41x
2026-02-1315.50x
2026-02-1215.30x
2026-02-1115.76x
2026-02-1016.01x
2026-02-0916.25x
2026-02-0616.18x
2026-02-0515.83x
2026-02-0416.01x
2026-02-0316.66x
2026-02-0217.21x
2026-01-3017.23x
2026-01-2917.87x
2026-01-2817.72x
2026-01-2717.60x
2026-01-2617.37x
2026-01-2317.31x
2026-01-2217.22x
2026-01-2117.35x
2026-01-2017.16x
2026-01-1617.71x
2026-01-1518.05x
2026-01-1418.25x
2026-01-1318.03x
2026-01-1218.52x
2026-01-0917.78x
2026-01-0817.78x
2026-01-0717.92x
2026-01-0618.22x
2026-01-0518.24x
2026-01-0218.13x
2025-12-3117.27x
2025-12-3017.38x
2025-12-2918.58x
2025-12-2618.84x
2025-12-2418.68x
2025-12-2318.72x
2025-12-2219.03x
2025-12-1919.00x
2025-12-1818.73x
2025-12-1718.48x
2025-12-1618.58x
2025-12-1518.62x
2025-12-1218.77x
2025-12-1118.74x
2025-12-1018.66x
2025-12-0918.66x
2025-12-0818.77x
2025-12-0518.86x
2025-12-0418.85x
2025-12-0318.94x
2025-12-0219.09x
2025-12-0119.24x
2025-11-2819.06x
2025-11-2619.04x
2025-11-2519.28x
2025-11-2419.47x
2025-11-2119.06x
2025-11-2018.78x
2025-11-1919.18x
2025-11-1819.32x
2025-11-1719.49x
2025-11-1419.71x
2025-11-1320.05x
2025-11-1220.20x
2025-11-1120.15x
2025-11-1020.10x
2025-11-0719.62x
2025-11-0619.83x
2025-11-0519.58x
2025-11-0419.34x
2025-11-0319.42x
2025-10-3119.59x
2025-10-3020.08x
2025-10-2920.27x
2025-10-2820.16x
2025-10-2720.36x
2025-10-2419.78x
2025-10-2319.70x
2025-10-2219.27x
2025-10-2119.46x
2025-10-2019.68x
2025-10-1719.33x
2025-10-1619.21x
2025-10-1519.34x
2025-10-1419.34x
2025-10-1319.65x
2025-10-1019.27x
2025-10-0920.51x
2025-10-0820.85x
2025-10-0720.69x
2025-10-0620.97x
2025-10-0320.78x
2025-10-0220.79x
2025-10-0120.61x
2025-09-3020.46x
2025-09-2920.43x
2025-09-2622.12x
2025-09-2522.10x
2025-09-2421.95x
2025-09-2321.65x
2025-09-2221.96x
2025-09-1921.86x
2025-09-1821.93x
2025-09-1722.54x
2025-09-1622.24x
2025-09-1522.00x
2025-09-1221.85x
2025-09-1121.79x
2025-09-1021.41x
2025-09-0921.55x
2025-09-0821.11x
2025-09-0520.67x
2025-09-0420.29x
2025-09-0320.52x
2025-09-0220.57x
2025-08-2920.65x
2025-08-2820.47x
2025-08-2720.27x
2025-08-2620.83x
2025-08-2520.79x
2025-08-2220.72x
2025-08-2120.36x
2025-08-2020.17x
2025-08-1920.11x
2025-08-1819.99x
2025-08-1520.14x
2025-08-1419.93x
2025-08-1320.52x
2025-08-1219.16x
2025-08-1119.01x
2025-08-0819.14x
2025-08-0719.21x
2025-08-0619.55x
2025-08-0519.10x
2025-08-0418.77x
2025-08-0118.18x
2025-07-3118.73x
2025-07-3018.57x
2025-07-2918.75x
2025-07-2818.74x
2025-07-2518.76x
2025-07-2418.81x
2025-07-2318.80x
2025-07-2218.12x
2025-07-2117.86x
2025-07-1817.70x
2025-07-1717.76x
2025-07-1617.76x
2025-07-1517.69x
2025-07-1417.10x
2025-07-1116.96x
2025-07-1016.98x
2025-07-0917.05x
2025-07-0817.18x
2025-07-0717.14x
2025-07-0317.08x
2025-07-0217.13x
2025-07-0117.31x
2025-06-3017.31x
2025-06-2718.96x
2025-06-2619.02x
2025-06-2518.98x
2025-06-2419.17x
2025-06-2318.82x
2025-06-2018.68x
2025-06-1818.85x
2025-06-1718.99x
2025-06-1618.93x
2025-06-1318.91x
2025-06-1219.14x
2025-06-1119.15x
2025-06-1019.16x
2025-06-0919.28x
2025-06-0619.25x
2025-06-0519.17x
2025-06-0419.16x
2025-06-0318.75x
2025-06-0218.74x
2025-05-3018.34x
2025-05-2918.75x

Showing the most recent 260 of 3,695 data points. The chart above shows the full history.

Related Metrics

EV/SalesP/E RatioEBITDAAll Metrics

About Tencent Holdings Limited

Tencent Holdings Limited is an investment holding company that specializes in providing a wide array of value-added services (VAS) and online advertising solutions, operating both within Mainland China and across international markets. The company's diverse business operations are structured into several key segments: Value-Added Services (VAS), Online Advertising, FinTech and Business Services, and other various ventures. Tencent's offerings encompass popular online games, extensive social networking platforms, cutting-edge FinTech and cloud computing solutions, and comprehensive digital advertising services. Beyond these core areas, the company is also actively involved in the production, investment, and distribution of films and television programs for external clients, alongside managing copyright licensing, merchandise sales, and related activities. Further expanding its technological and entertainment footprint, Tencent develops proprietary software, operates its significant online gaming portfolio, and delivers services in information technology, system integration, and asset management. Its cultural ventures extend to online literature and digital music entertainment platforms. Established in 1998, Tencent Holdings maintains its headquarters in Shenzhen, People's Republic of China.

Shenzhen
110,558 employees
www.tencent.com
Communication Services / Internet Content & Information
Sector
Communication Services
Industry
Internet Content & Information
CEO
Huateng Ma
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