🚀 VC round data is live in beta, check it out!
Tencent Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tencent and similar public comparables like Alibaba Group, Pinduoduo, MercadoLibre, NetEase and more.
Tencent Overview
About Tencent
Tencent is the world's largest game publisher, with top-grossing mobile hits like Honor of Kings and Peacekeeper Elite and a steady pipeline of new titles. It also operates WeChat-China's super-app with roughly 1.3 billion users-embedded in daily life for messaging, short video, mini programs, payments, and shopping. Beyond its own platforms, Tencent is a prolific strategic investor, holding stakes in leading internet companies such as PDD, Kuaishou, and Xiaohongshu.
Founded
1998
HQ
Employees
110.6K
Website
Financials (LTM)
EV
$590B
Tencent Financials
Tencent reported last 12-month revenue of $112B and EBITDA of $47B.
In the same LTM period, Tencent generated $63B in gross profit, $47B in EBITDA, and $38B in net income.
Revenue (LTM)
Tencent P&L
In the most recent fiscal year, Tencent reported revenue of $96B and EBITDA of $45B.
Tencent expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $112B | XXX | $96B | XXX | XXX | XXX |
| Gross Profit | $63B | XXX | $51B | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 53% | XXX | XXX | XXX |
| EBITDA | $47B | XXX | $45B | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 47% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $38B | XXX | $28B | XXX | XXX | XXX |
| Net Margin | 34% | XXX | 29% | XXX | XXX | XXX |
| Net Debt | — | — | $30B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tencent Stock Performance
Tencent has current market cap of $592B, and enterprise value of $590B.
Market Cap Evolution
Tencent's stock price is $65.58.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $590B | $592B | -0.0% | XXX | XXX | XXX | $3.12 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialTencent Valuation Multiples
Tencent trades at 5.3x EV/Revenue multiple, and 12.5x EV/EBITDA.
EV / Revenue (LTM)
Tencent Financial Valuation Multiples
As of April 5, 2026, Tencent has market cap of $592B and EV of $590B.
Equity research analysts estimate Tencent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tencent has a P/E ratio of 15.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $592B | XXX | $592B | XXX | XXX | XXX |
| EV (current) | $590B | XXX | $590B | XXX | XXX | XXX |
| EV/Revenue | 5.3x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.5x | XXX | 13.1x | XXX | XXX | XXX |
| EV/EBIT | 15.9x | XXX | 19.4x | XXX | XXX | XXX |
| EV/Gross Profit | 9.3x | XXX | 11.6x | XXX | XXX | XXX |
| P/E | 15.4x | XXX | 21.0x | XXX | XXX | XXX |
| EV/FCF | 17.7x | XXX | 25.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tencent Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tencent Margins & Growth Rates
Tencent's revenue in the last 12 month grew by 11%.
Tencent's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Tencent's rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tencent's rule of X is 70% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tencent Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 47% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 18% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tencent Public Comps
See public comps and valuation multiples for other Social Networks and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alibaba Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Pinduoduo | XXX | XXX | XXX | XXX | XXX | XXX |
| MercadoLibre | XXX | XXX | XXX | XXX | XXX | XXX |
| NetEase | XXX | XXX | XXX | XXX | XXX | XXX |
| Sea | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tencent M&A Activity
Tencent acquired XXX companies to date.
Last acquisition by Tencent was on XXXXXXXX, XXXXX. Tencent acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tencent
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialTencent Investment Activity
Tencent invested in XXX companies to date.
Tencent made its latest investment on XXXXXXXX, XXXXX. Tencent invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tencent
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Tencent
| When was Tencent founded? | Tencent was founded in 1998. |
| Where is Tencent headquartered? | Tencent is headquartered in China. |
| How many employees does Tencent have? | As of today, Tencent has over 110K employees. |
| Who is the CEO of Tencent? | Tencent's CEO is Huateng Ma. |
| Is Tencent publicly listed? | Yes, Tencent is a public company listed on HKEX. |
| What is the stock symbol of Tencent? | Tencent trades under 00700 ticker. |
| When did Tencent go public? | Tencent went public in 2004. |
| Who are competitors of Tencent? | Tencent main competitors are Alibaba Group, Pinduoduo, MercadoLibre, NetEase. |
| What is the current market cap of Tencent? | Tencent's current market cap is $592B. |
| What is the current revenue of Tencent? | Tencent's last 12 months revenue is $112B. |
| What is the current revenue growth of Tencent? | Tencent revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Tencent? | Current revenue multiple of Tencent is 5.3x. |
| Is Tencent profitable? | Yes, Tencent is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tencent? | Tencent's last 12 months EBITDA is $47B. |
| What is Tencent's EBITDA margin? | Tencent's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of Tencent? | Current EBITDA multiple of Tencent is 12.5x. |
| What is the current FCF of Tencent? | Tencent's last 12 months FCF is $33B. |
| What is Tencent's FCF margin? | Tencent's last 12 months FCF margin is 30%. |
| What is the current EV/FCF multiple of Tencent? | Current FCF multiple of Tencent is 17.7x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.