DV vs. TCEHY

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleVerify Holdings, Inc. (DV) and Tencent Holdings Limited (TCEHY).

Performance

DV vs. TCEHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleVerify Holdings, Inc. (DV) and Tencent Holdings Limited (TCEHY). The values are adjusted to include any dividend payments, if applicable.

DV vs. TCEHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DV DoubleVerify Holdings, Inc.	-16.96%	-40.45%	-47.77%	67.49%	-34.01%	-7.56%
TCEHY Tencent Holdings Limited	-17.41%	45.23%	41.92%	-5.48%	-24.97%	-26.74%

Fundamentals

Market Cap DV : $1.58B TCEHY : $586.89B
EPS DV : $0.30 TCEHY : $24.17
PE Ratio DV : 31.25 TCEHY : 2.62
PEG Ratio DV : 1.55 TCEHY : 0.33
PS Ratio DV : 2.12 TCEHY : 0.78
PB Ratio DV : 1.40 TCEHY : 0.51
Total Revenue (TTM) DV : $748.29M TCEHY : $748.08B
Gross Profit (TTM) DV : $614.79M TCEHY : $416.51B
EBITDA (TTM) DV : $141.02M TCEHY : $308.68B

Returns By Period

The year-to-date returns for both stocks are quite close, with DV having a -16.96% return and TCEHY slightly lower at -17.41%.

DV

• 1D: 0.11%
• 1M: -9.87%
• YTD: -16.96%
• 6M: -20.70%
• 1Y: -28.95%
• 3Y*: -31.95%
• 5Y*: —
• 10Y*: —

TCEHY

• 1D: 3.59%
• 1M: -3.77%
• YTD: -17.41%
• 6M: -25.75%
• 1Y: -0.09%
• 3Y*: 9.83%
• 5Y*: -3.39%
• 10Y*: 13.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DV vs. TCEHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DV

DV Risk / Return Rank: 17
DV Sharpe Ratio Rank: 13
DV Sortino Ratio Rank: 15
DV Omega Ratio Rank: 14
DV Calmar Ratio Rank: 20
DV Martin Ratio Rank: 20

TCEHY

TCEHY Risk / Return Rank: 39
TCEHY Sharpe Ratio Rank: 42
TCEHY Sortino Ratio Rank: 36
TCEHY Omega Ratio Rank: 36
TCEHY Calmar Ratio Rank: 41
TCEHY Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DV vs. TCEHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleVerify Holdings, Inc. (DV) and Tencent Holdings Limited (TCEHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DV	TCEHY	Difference
Sharpe ratio Return per unit of total volatility	-0.66	-0.00	-0.66
Sortino ratio Return per unit of downside risk	-0.76	0.23	-0.99
Omega ratio Gain probability vs. loss probability	0.90	1.03	-0.13
Calmar ratio Return relative to maximum drawdown	-0.63	-0.06	-0.57
Martin ratio Return relative to average drawdown	-1.13	-0.18	-0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DV vs. TCEHY - Sharpe Ratio Comparison

The current DV Sharpe Ratio is -0.66, which is lower than the TCEHY Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of DV and TCEHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DV	TCEHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	-0.00	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	0.67	-1.11

Correlation

The correlation between DV and TCEHY is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DV vs. TCEHY - Dividend Comparison

DV has not paid dividends to shareholders, while TCEHY's dividend yield for the trailing twelve months is around 0.92%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DV DoubleVerify Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TCEHY Tencent Holdings Limited	0.92%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%

Drawdowns

DV vs. TCEHY - Drawdown Comparison

The maximum DV drawdown since its inception was -81.19%, which is greater than TCEHY's maximum drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for DV and TCEHY.

Drawdown Indicators

	DV	TCEHY	Difference
Max Drawdown Largest peak-to-trough decline	-81.19%	-73.17%	-8.02%
Max Drawdown (1Y) Largest decline over 1 year	-45.61%	-30.12%	-15.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-68.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.17%	—
Current Drawdown Current decline from peak	-79.81%	-28.80%	-51.01%
Average Drawdown Average peak-to-trough decline	-46.80%	-19.54%	-27.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.40%	11.01%	+14.39%

Volatility

DV vs. TCEHY - Volatility Comparison

The current volatility for DoubleVerify Holdings, Inc. (DV) is 10.16%, while Tencent Holdings Limited (TCEHY) has a volatility of 15.10%. This indicates that DV experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DV	TCEHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.16%	15.10%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	32.36%	22.50%	+9.86%
Volatility (1Y) Calculated over the trailing 1-year period	43.87%	31.79%	+12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.28%	43.24%	+10.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.28%	38.71%	+14.57%

Financials

DV vs. TCEHY - Profitability Comparison

The chart below illustrates the profitability comparison between DoubleVerify Holdings, Inc. and Tencent Holdings Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported a gross profit of 169.65M and revenue of 205.59M. Therefore, the gross margin over that period was 82.5%.

TCEHY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a gross profit of 106.79B and revenue of 191.69B. Therefore, the gross margin over that period was 55.7%.

DV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported an operating income of 37.78M and revenue of 205.59M, resulting in an operating margin of 18.4%.

TCEHY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported an operating income of 58.21B and revenue of 191.69B, resulting in an operating margin of 30.4%.

DV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported a net income of 29.33M and revenue of 205.59M, resulting in a net margin of 14.3%.

TCEHY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a net income of 57.46B and revenue of 191.69B, resulting in a net margin of 30.0%.