Tencent Holdings Limited

OTCPK:TCTZ.F Stock Report

Market Cap: US$757.5b

Tencent Holdings Valuation

Is TCTZ.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TCTZ.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$93.38
Fair Value
12.9% undervalued intrinsic discount
47
Number of Analysts

Below Fair Value: TCTZ.F ($81.34) is trading below our estimate of fair value ($93.38)

Significantly Below Fair Value: TCTZ.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TCTZ.F?

Key metric: As TCTZ.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TCTZ.F. This is calculated by dividing TCTZ.F's market cap by their current earnings.
What is TCTZ.F's PE Ratio?
PE Ratio26x
EarningsCN¥208.00b
Market CapCN¥5.40t

Price to Earnings Ratio vs Peers

How does TCTZ.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TCTZ.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.1x
META Meta Platforms
24.8x9.18%US$1.8t
GOOGL Alphabet
24.8x9.88%US$2.9t
BIDU Baidu
10.9x-5.33%US$41.8b
RDDT Reddit
171.8x37.84%US$37.2b
TCTZ.F Tencent Holdings
26x11.39%US$5.9t

Price-To-Earnings vs Peers: TCTZ.F is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (58.1x).

Price to Earnings Ratio vs Industry

How does TCTZ.F's PE Ratio compare vs other companies in the US Interactive Media and Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JOYY JOYY
1.6x-82.02%US$2.82b
JFU 9F
1.6xn/aUS$59.22m
CHR Cheer Holding
0.08xn/aUS$1.79m
No more companies available in this PE range
TCTZ.F 26.0xIndustry Avg. 15.3xNo. of Companies6PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TCTZ.F is expensive based on its Price-To-Earnings Ratio (26x) compared to the US Interactive Media and Services industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is TCTZ.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TCTZ.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26x
Fair PE Ratio36.9x

Price-To-Earnings vs Fair Ratio: TCTZ.F is good value based on its Price-To-Earnings Ratio (26x) compared to the estimated Fair Price-To-Earnings Ratio (36.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TCTZ.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$81.34
US$90.40
+11.13%
9.75%US$112.97US$52.01n/a47
Oct ’26US$85.86
US$89.47
+4.20%
8.73%US$103.04US$52.12n/a46
Sep ’26US$77.66
US$88.68
+14.18%
8.74%US$103.06US$52.01n/a46
Aug ’26US$66.82
US$80.81
+20.94%
8.72%US$90.91US$50.55n/a45
Jul ’26US$65.00
US$81.40
+25.23%
8.93%US$91.58US$50.88n/a45
Jun ’26US$62.20
US$80.98
+30.19%
9.19%US$91.21US$50.67n/a45
May ’26US$61.40
US$79.68
+29.78%
10.32%US$91.20US$50.79n/a45
Apr ’26US$65.47
US$78.13
+19.33%
11.91%US$91.07US$50.81n/a45
Mar ’26US$62.07
US$68.00
+9.56%
12.13%US$90.21US$40.71n/a45
Feb ’26US$52.34
US$66.50
+27.05%
10.70%US$90.64US$40.90n/a45
Jan ’26US$53.23
US$66.34
+24.64%
10.90%US$90.55US$40.11n/a46
Dec ’25US$49.72
US$66.21
+33.17%
11.22%US$90.31US$40.41n/a47
Nov ’25US$53.90
US$64.52
+19.71%
12.76%US$90.35US$40.76n/a48
Oct ’25US$56.16
US$61.74
+9.94%
10.79%US$91.18US$41.36US$85.8649
Sep ’25US$48.50
US$61.21
+26.21%
10.90%US$90.89US$40.90US$77.6649
Aug ’25US$45.20
US$59.88
+32.49%
12.69%US$90.75US$39.03US$66.8249
Jul ’25US$47.05
US$58.95
+25.29%
12.71%US$90.06US$38.78US$65.0048
Jun ’25US$46.38
US$58.71
+26.58%
12.46%US$89.88US$38.91US$62.2049
May ’25US$44.06
US$53.46
+21.35%
14.79%US$89.80US$36.76US$61.4048
Apr ’25US$39.82
US$53.83
+35.19%
15.40%US$89.62US$36.82US$65.4748
Mar ’25US$35.00
US$55.24
+57.80%
14.39%US$89.26US$37.06US$62.0748
Feb ’25US$35.23
US$55.61
+57.88%
14.41%US$89.47US$37.14US$52.3448
Jan ’25US$37.68
US$57.61
+52.89%
13.43%US$90.51US$37.58US$53.2349
Dec ’24US$40.48
US$57.94
+43.13%
13.07%US$91.34US$37.29US$49.7249
Nov ’24US$36.07
US$56.43
+56.44%
13.20%US$89.53US$37.07US$53.9049
Oct ’24US$38.53
US$56.69
+47.16%
13.16%US$89.74US$36.76US$56.1649
US$87.83
Fair Value
7.4% undervalued intrinsic discount
47
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/13 06:43
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tencent Holdings Limited is covered by 92 analysts. 53 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Qun HuangABCI Securities Company Limited
Tianli WenAletheia Analyst Network Limited
Zixiao YangArete Research Services LLP