TKO vs. TME: TKO vs. Tencent Music Entertainment Stock Comparison

November 11, 2026

How do TKO (TKO) 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

TKO (TKO) and Tencent Music Entertainment (TME) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.

TKO (TKO) 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 TKO (TKO) and Tencent Music Entertainment (TME)
Profile Item	TKO	TME
Name	TKO Group Holdings, 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	Entertainment	Entertainment
GICS Sub-Industry	Movies & Entertainment	Movies & Entertainment
Market Capitalization	36.02 billion USD	15.58 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 19, 1999	December 12, 2018
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

TKO

TME

GSPC

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

Calendar-Year Returns

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Calendar-year total returns for TKO (TKO) 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 TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Total Return (1Y)	8.79%	-55.15%
Total Return (3Y, Annualized)	33.14%	9.39%
Total Return (5Y, Annualized)	29.97%	4.17%

Risk Profile

Drawdown History

TKO

TME

GSPC

TKO (TKO) 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 TKO (TKO) 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 TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Volatility (1Y, Annualized)	32.20%	47.08%
Beta (5Y)	0.61	0.70
Max Drawdown (5Y)	-34.80%	-69.85%
Avg. Volume (3M)	1.09M	8.07M

Risk-Adjusted Performance

Risk-Return Positioning

TKO 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 TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Sharpe Ratio (1Y)	0.14	-1.26
Sortino Ratio (1Y)	0.21	-1.50

Profitability

ROE (TTM)

Both TKO (TKO) at 9.39% 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.

TKO

Media & Entertainment industry group

9.39%

Max: 49.92%
Q3: 17.95%
TKO: 9.39%
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%

TKO (TKO) 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 TKO (TKO) at 5.18%, which keeps about the industry-typical share.

TKO

Media & Entertainment industry group

5.18%

Max: 32.91%
Q3: 11.75%
TKO: 5.18%
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%

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

Operating Margin (TTM)

Both TKO (TKO) at 30.47% 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.

TKO

Media & Entertainment industry group

30.47%

Max: 40.16%
TKO: 30.47%
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%

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

Profitability Metrics

Profitability metrics for TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
ROE (TTM)	9.39%	10.97%
ROA (TTM)	5.22%	5.60%
Net Margin (TTM)	5.18%	26.28%
Operating Margin (TTM)	30.47%	29.18%
Gross Margin (TTM)	60.32%	44.32%

Growth

Revenue Growth

Tencent Music Entertainment (TME) at 15.85% sits in the top revenue growth quartile, while TKO (TKO) at -3.05% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Both companies show strong earnings momentum, but TKO (TKO) at 11,200.00% is the standout with EPS growth above its industry range; Tencent Music Entertainment (TME) at 67.92% also sits in the top quartile.

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

Growth Metrics

Growth metrics for TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Revenue Growth (YoY)	-3.05%	15.85%
Revenue Growth (3Y CAGR)	60.74%	5.10%
EPS Growth (YoY)	11,200.00%	67.92%
EPS Growth (3Y CAGR)	--	46.17%

Financial Strength

Current Ratio (MRQ)

Both TKO (TKO) at 1.35 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.

TKO

Media & Entertainment industry group

1.35

Max: 4.69
Q3: 2.53
Median: 1.52
TKO: 1.35
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

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

Debt / Equity (MRQ)

Both TKO (TKO) at 0.60 and Tencent Music Entertainment (TME) at 0.21 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

TKO

Media & Entertainment industry group

0.60

Max: 3.65
Q3: 1.69
TKO: 0.60
Median: 0.46
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

TKO (TKO) 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 TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Current Ratio (MRQ)	1.35	1.75
Debt / Equity (MRQ)	0.60	0.21
Net Debt / EBITDA	2.39	-1.22

Dividends

Dividend Yield (TTM)

Both TKO (TKO) at 1.66% and Tencent Music Entertainment (TME) at 17.77% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

TKO

Media & Entertainment industry group

1.66%

TKO: 1.66%
Max: 1.33%
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%

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

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and TKO more so: Tencent Music Entertainment (TME) at 29.65% sits above the band, while TKO (TKO) at 84.18% exceeds every peer in its group.

TKO

Media & Entertainment industry group

84.18%

TKO: 84.18%
Max: 71.43%
Q3: 28.98%
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%

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

Dividend Metrics

Dividend metrics for TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
Dividend Yield (TTM)	1.66%	17.77%
Dividend Payout Ratio (TTM)	84.18%	29.65%

Valuation

P/E Ratio (TTM)

Tencent Music Entertainment (TME) at 11.66 is near its industry’s usual P/E ratio, while TKO (TKO) at 51.21 sits in the richer quartile — TKO needs stronger growth or earnings quality to justify the premium.

TKO

Media & Entertainment industry group

51.21

TKO: 51.21
Max: 51.21
Q3: 28.90
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

TKO (TKO) 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 TKO (TKO) at 6.50 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

TKO

Media & Entertainment industry group

6.50

Max: 7.43
TKO: 6.50
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

TKO (TKO) 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 TKO (TKO) at 4.14 and Tencent Music Entertainment (TME) at 1.35 are valued close to their industries’ norm against book — neither stands out from peers.

TKO

Media & Entertainment industry group

4.14

Max: 11.45
Q3: 5.30
TKO: 4.14
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

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

Valuation Metrics

Valuation metrics for TKO (TKO) and Tencent Music Entertainment (TME)
Metric	TKO	TME
P/E Ratio (TTM)	51.21	11.66
P/S Ratio (TTM)	6.50	0.46
P/B Ratio (MRQ)	4.14	1.35
Free Cash Flow Yield (TTM)	2.31%	45.80%