NWS vs. TME: News vs. Tencent Music Entertainment Stock Comparison

November 11, 2026

How do News (NWS) 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

News (NWS) and Tencent Music Entertainment (TME) both fall under the Media & Entertainment industry group, but NWS is classified in Media while TME is classified in Entertainment.

News (NWS) 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 News (NWS) and Tencent Music Entertainment (TME)
Profile Item	NWS	TME
Name	News Corp Class B	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	Media	Entertainment
GICS Sub-Industry	Publishing	Movies & Entertainment
Market Capitalization	15.55 billion USD	15.58 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2013	December 12, 2018
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

NWS

TME

GSPC

News (NWS) 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 News (NWS) and Tencent Music Entertainment (TME). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for News (NWS) 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 News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Total Return (1Y)	-3.65%	-55.15%
Total Return (3Y, Annualized)	10.18%	9.39%
Total Return (5Y, Annualized)	4.98%	4.17%

Risk Profile

Drawdown History

NWS

TME

GSPC

News (NWS) 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 News (NWS) 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 News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Volatility (1Y, Annualized)	29.25%	47.08%
Beta (5Y)	1.02	0.70
Max Drawdown (5Y)	-35.61%	-69.85%
Avg. Volume (3M)	1.11M	8.07M

Risk-Adjusted Performance

Risk-Return Positioning

NWS 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 News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Sharpe Ratio (1Y)	-0.27	-1.26
Sortino Ratio (1Y)	-0.35	-1.50

Profitability

ROE (TTM)

Both News (NWS) at 8.72% and Tencent Music Entertainment (TME) at 10.97% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NWS

Media & Entertainment industry group

8.72%

Max: 49.92%
Q3: 17.95%
NWS: 8.72%
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%

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

Net Margin (TTM)

Tencent Music Entertainment (TME) at 26.28% retains a top-quartile share of revenue as profit, ahead of News (NWS) at 6.77%, which keeps about the industry-typical share.

NWS

Media & Entertainment industry group

6.77%

Max: 32.91%
Q3: 11.75%
NWS: 6.77%
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%

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

Operating Margin (TTM)

Tencent Music Entertainment (TME) at 29.18% operates in the top operating margin quartile, ahead of News (NWS) at 12.14%, which runs around its industry’s norm.

NWS

Media & Entertainment industry group

12.14%

Max: 40.16%
Q3: 18.72%
NWS: 12.14%
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%

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

Profitability Metrics

Profitability metrics for News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
ROE (TTM)	8.72%	10.97%
ROA (TTM)	4.91%	5.60%
Net Margin (TTM)	6.77%	26.28%
Operating Margin (TTM)	12.14%	29.18%
Gross Margin (TTM)	57.29%	44.32%

Growth

Revenue Growth

Tencent Music Entertainment (TME) at 15.85% sits in the top revenue growth quartile, while News (NWS) at 6.82% is closer to the peer norm — faster top-line expansion for TME.

News (NWS) 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 News (NWS) at -50.24% is closer to the peer norm — faster per-share earnings growth for TME.

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

Growth Metrics

Growth metrics for News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Revenue Growth (YoY)	6.82%	15.85%
Revenue Growth (3Y CAGR)	4.06%	5.10%
EPS Growth (YoY)	-50.24%	67.92%
EPS Growth (3Y CAGR)	58.23%	46.17%

Financial Strength

Current Ratio (MRQ)

Both News (NWS) at 1.62 and Tencent Music Entertainment (TME) at 1.75 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NWS

Media & Entertainment industry group

1.62

Max: 4.69
Q3: 2.53
NWS: 1.62
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

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

Debt / Equity (MRQ)

Both News (NWS) at 0.32 and Tencent Music Entertainment (TME) at 0.21 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NWS

Media & Entertainment industry group

0.32

Max: 3.65
Q3: 1.69
Median: 0.46
NWS: 0.32
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

News (NWS) 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 News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Current Ratio (MRQ)	1.62	1.75
Debt / Equity (MRQ)	0.32	0.21
Net Debt / EBITDA	0.82	-1.22

Dividends

Dividend Yield (TTM)

News (NWS) at 0.69% earns its spot in the top quartile of its industry’s yields; Tencent Music Entertainment (TME) at 17.77% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

NWS

Media & Entertainment industry group

0.69%

Max: 1.33%
NWS: 0.69%
Q3: 0.65%
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%

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

Dividend Payout Ratio (TTM)

News (NWS) at 17.86% 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.

NWS

Media & Entertainment industry group

17.86%

Max: 71.43%
Q3: 28.98%
NWS: 17.86%
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%

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

Dividend Metrics

Dividend metrics for News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
Dividend Yield (TTM)	0.69%	17.77%
Dividend Payout Ratio (TTM)	17.86%	29.65%

Valuation

P/E Ratio (TTM)

Both News (NWS) at 25.86 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.

NWS

Media & Entertainment industry group

25.86

Max: 51.21
Q3: 28.90
NWS: 25.86
Median: 17.98
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

News (NWS) 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 sits in the cheaper P/S ratio quartile while News (NWS) at 1.70 prices around its industry’s middle — TME costs less per dollar of sales, though read it alongside growth and margins.

NWS

Media & Entertainment industry group

1.70

Max: 7.43
Q3: 3.82
NWS: 1.70
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

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

P/B Ratio (MRQ)

On P/B ratio, both News (NWS) at 1.84 and Tencent Music Entertainment (TME) at 1.35 are valued close to their industries’ norm against book — neither stands out from peers.

NWS

Media & Entertainment industry group

1.84

Max: 11.45
Q3: 5.30
NWS: 1.84
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

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

Valuation Metrics

Valuation metrics for News (NWS) and Tencent Music Entertainment (TME)
Metric	NWS	TME
P/E Ratio (TTM)	25.86	11.66
P/S Ratio (TTM)	1.70	0.46
P/B Ratio (MRQ)	1.84	1.35
Free Cash Flow Yield (TTM)	4.85%	45.80%