GOOGL vs. TME: Alphabet vs. Tencent Music Entertainment Stock Comparison

November 11, 2026

How do Alphabet (GOOGL) and Tencent Music Entertainment (TME) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Alphabet (GOOGL) and Tencent Music Entertainment (TME) both fall under the Media & Entertainment industry group, but GOOGL is classified in Interactive Media & Services while TME is classified in Entertainment.

Alphabet (GOOGL) trades as ordinary local shares, while Tencent Music Entertainment (TME) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Profile Item	GOOGL	TME
Name	Alphabet Inc. Class A Common Stock	Tencent Music Entertainment Group ADR
Country/Region	United States	China
GICS Sector	Communication Services	Communication Services
GICS Industry Group	Media & Entertainment	Media & Entertainment
GICS Industry	Interactive Media & Services	Entertainment
GICS Sub-Industry	Interactive Media & Services	Movies & Entertainment
Market Capitalization	3,501.09 billion USD	15.58 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	August 19, 2004	December 12, 2018
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

GOOGL

TME

GSPC

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Alphabet (GOOGL) and Tencent Music Entertainment (TME). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Alphabet (GOOGL) and Tencent Music Entertainment (TME). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Total Return (1Y)	4.89%	-55.15%
Total Return (3Y, Annualized)	31.25%	9.39%
Total Return (5Y, Annualized)	14.61%	4.17%

Risk Profile

Drawdown History

GOOGL

TME

GSPC

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Alphabet (GOOGL) and Tencent Music Entertainment (TME). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Volatility (1Y, Annualized)	33.67%	47.08%
Beta (5Y)	1.20	0.70
Max Drawdown (5Y)	-44.32%	-69.85%
Avg. Volume (3M)	28.79M	8.07M

Risk-Adjusted Performance

Risk-Return Positioning

GOOGL and TME are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Sharpe Ratio (1Y)	0.02	-1.26
Sortino Ratio (1Y)	0.03	-1.50

Profitability

ROE (TTM)

Alphabet (GOOGL) at 44.29% sits in the top ROE quartile, while Tencent Music Entertainment (TME) at 10.97% is closer to the peer norm — stronger capital efficiency for GOOGL.

GOOGL

Media & Entertainment industry group

44.29%

Max: 49.92%
GOOGL: 44.29%
Q3: 17.95%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

TME

Media & Entertainment industry group

10.97%

Max: 49.92%
Q3: 17.95%
TME: 10.97%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their ROE against the Media & Entertainment industry group benchmark.

Net Margin (TTM)

Alphabet (GOOGL) at 50.03% keeps the most of each sales dollar — above its industry’s net margin range — and Tencent Music Entertainment (TME) at 26.28% also retains a top-quartile share.

GOOGL

Media & Entertainment industry group

50.03%

GOOGL: 50.03%
Max: 32.91%
Q3: 11.75%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

TME

Media & Entertainment industry group

26.28%

Max: 32.91%
TME: 26.28%
Q3: 11.75%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their net margin against the Media & Entertainment industry group benchmark.

Operating Margin (TTM)

Both Alphabet (GOOGL) at 31.81% and Tencent Music Entertainment (TME) at 29.18% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

GOOGL

Media & Entertainment industry group

31.81%

Max: 40.16%
GOOGL: 31.81%
Q3: 18.72%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

TME

Media & Entertainment industry group

29.18%

Max: 40.16%
TME: 29.18%
Q3: 18.72%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their operating margin against the Media & Entertainment industry group benchmark.

Profitability Metrics

Profitability metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
ROE (TTM)	44.29%	10.97%
ROA (TTM)	12.74%	5.60%
Net Margin (TTM)	50.03%	26.28%
Operating Margin (TTM)	31.81%	29.18%
Gross Margin (TTM)	60.86%	44.32%

Growth

Revenue Growth

Both Alphabet (GOOGL) at 15.09% and Tencent Music Entertainment (TME) at 15.85% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their Revenue Growth across different time periods.

EPS Growth

Tencent Music Entertainment (TME) at 67.92% sits in the top EPS growth quartile, while Alphabet (GOOGL) at 34.45% is closer to the peer norm — faster per-share earnings growth for TME.

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Revenue Growth (YoY)	15.09%	15.85%
Revenue Growth (3Y CAGR)	12.51%	5.10%
EPS Growth (YoY)	34.45%	67.92%
EPS Growth (3Y CAGR)	33.34%	46.17%

Financial Strength

Current Ratio (MRQ)

Tencent Music Entertainment (TME) at 1.75 keeps current ratio within its industry’s typical mid-range, while Alphabet (GOOGL) at 2.79 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

GOOGL

Media & Entertainment industry group

2.79

Max: 4.69
GOOGL: 2.79
Q3: 2.53
Median: 1.52
Q1: 0.95
Min: 0.28

TME

Media & Entertainment industry group

1.75

Max: 4.69
Q3: 2.53
TME: 1.75
Median: 1.52
Q1: 0.95
Min: 0.28

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their current ratio against the Media & Entertainment industry group benchmark.

Debt / Equity (MRQ)

Both Alphabet (GOOGL) at 0.22 and Tencent Music Entertainment (TME) at 0.21 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GOOGL

Media & Entertainment industry group

0.22

Max: 3.65
Q3: 1.69
Median: 0.46
GOOGL: 0.22
Q1: 0.17
Min: 0.00

TME

Media & Entertainment industry group

0.21

Max: 3.65
Q3: 1.69
Median: 0.46
TME: 0.21
Q1: 0.17
Min: 0.00

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their debt-to-equity ratio against the Media & Entertainment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Current Ratio (MRQ)	2.79	1.75
Debt / Equity (MRQ)	0.22	0.21
Net Debt / EBITDA	-0.62	-1.22

Dividends

Dividend Yield (TTM)

Alphabet (GOOGL) at 0.30% pays an industry-typical yield; Tencent Music Entertainment (TME) at 17.77% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

GOOGL

Media & Entertainment industry group

0.30%

Max: 1.33%
Q3: 0.65%
GOOGL: 0.30%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TME

Media & Entertainment industry group

17.77%

TME: 17.77%
Max: 1.33%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their dividend yield against the Media & Entertainment industry group benchmark.

Dividend Payout Ratio (TTM)

Alphabet (GOOGL) at 4.49% pays out a band-typical share of earnings, while Tencent Music Entertainment (TME) at 29.65% distributes more than its industry norm — less retained, thinner cover.

GOOGL

Media & Entertainment industry group

4.49%

Max: 71.43%
Q3: 28.98%
GOOGL: 4.49%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TME

Media & Entertainment industry group

29.65%

Max: 71.43%
TME: 29.65%
Q3: 28.98%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their payout ratio against the Media & Entertainment industry group benchmark.

Dividend Metrics

Dividend metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
Dividend Yield (TTM)	0.30%	17.77%
Dividend Payout Ratio (TTM)	4.49%	29.65%

Valuation

P/E Ratio (TTM)

Both Alphabet (GOOGL) at 14.87 and Tencent Music Entertainment (TME) at 11.66 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

GOOGL

Media & Entertainment industry group

14.87

Max: 51.21
Q3: 28.90
Median: 17.98
GOOGL: 14.87
Q1: 11.53
Min: 1.64

TME

Media & Entertainment industry group

11.66

Max: 51.21
Q3: 28.90
Median: 17.98
TME: 11.66
Q1: 11.53
Min: 1.64

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their P/E ratio against the Media & Entertainment industry group benchmark.

P/S Ratio (TTM)

Tencent Music Entertainment (TME) at 0.46 looks cheap on sales in the lower P/S ratio quartile, while Alphabet (GOOGL) at 7.43 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

GOOGL

Media & Entertainment industry group

7.43

GOOGL: 7.43
Max: 7.43
Q3: 3.82
Median: 1.40
Q1: 0.70
Min: 0.00

TME

Media & Entertainment industry group

0.46

Max: 7.43
Q3: 3.82
Median: 1.40
Q1: 0.70
TME: 0.46
Min: 0.00

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their P/S ratio against the Media & Entertainment industry group benchmark.

P/B Ratio (MRQ)

Tencent Music Entertainment (TME) at 1.35 is valued about in line with its industry on P/B ratio, while Alphabet (GOOGL) at 5.31 carries an above-peer premium to book — GOOGL is pricier on assets.

GOOGL

Media & Entertainment industry group

5.31

Max: 11.45
GOOGL: 5.31
Q3: 5.30
Median: 1.84
Q1: 0.77
Min: -2.61

TME

Media & Entertainment industry group

1.35

Max: 11.45
Q3: 5.30
Median: 1.84
TME: 1.35
Q1: 0.77
Min: -2.61

Alphabet (GOOGL) vs. Tencent Music Entertainment (TME): A comparison of their P/B ratio against the Media & Entertainment industry group benchmark.

Valuation Metrics

Valuation metrics for Alphabet (GOOGL) and Tencent Music Entertainment (TME)
Metric	GOOGL	TME
P/E Ratio (TTM)	14.87	11.66
P/S Ratio (TTM)	7.43	0.46
P/B Ratio (MRQ)	5.31	1.35
Free Cash Flow Yield (TTM)	-0.03%	45.80%