TME vs. TAL

Last updated Apr 1, 2026

Compare and contrast key facts about Tencent Music Entertainment Group (TME) and TAL Education Group (TAL).

Performance

TME vs. TAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tencent Music Entertainment Group (TME) and TAL Education Group (TAL). The values are adjusted to include any dividend payments, if applicable.

TME vs. TAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TME Tencent Music Entertainment Group	-47.06%	56.39%	27.12%	8.82%	20.88%	-64.40%	63.88%	-11.20%	-5.57%
TAL TAL Education Group	4.22%	8.88%	-20.67%	79.15%	79.39%	-94.50%	48.36%	80.66%	-5.12%

Fundamentals

Market Cap TME : $14.42B TAL : $2.13B
EPS TME : $6.92 TAL : $1.43
PE Ratio TME : 1.34 TAL : 7.95
PEG Ratio TME : 0.03 TAL : 0.51
PS Ratio TME : 0.45 TAL : 0.79
PB Ratio TME : 0.18 TAL : 0.61
Total Revenue (TTM) TME : $32.01B TAL : $2.82B
Gross Profit (TTM) TME : $18.24B TAL : $1.56B
EBITDA (TTM) TME : $13.14B TAL : $296.86M

Returns By Period

In the year-to-date period, TME achieves a -47.06% return, which is significantly lower than TAL's 4.22% return.

TME

• 1D: -0.32%
• 1M: -36.44%
• YTD: -47.06%
• 6M: -60.24%
• 1Y: -34.79%
• 3Y*: 4.62%
• 5Y*: -13.96%
• 10Y*: —

TAL

• 1D: 3.27%
• 1M: 7.98%
• YTD: 4.22%
• 6M: 1.52%
• 1Y: -13.93%
• 3Y*: 21.05%
• 5Y*: -27.38%
• 10Y*: 3.35%

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

Return for Risk

TME vs. TAL — Risk / Return Rank

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

TME

TME Risk / Return Rank: 16
TME Sharpe Ratio Rank: 12
TME Sortino Ratio Rank: 15
TME Omega Ratio Rank: 14
TME Calmar Ratio Rank: 25
TME Martin Ratio Rank: 15

TAL

TAL Risk / Return Rank: 30
TAL Sharpe Ratio Rank: 30
TAL Sortino Ratio Rank: 29
TAL Omega Ratio Rank: 29
TAL Calmar Ratio Rank: 29
TAL Martin Ratio Rank: 31

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.

TME vs. TAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and TAL Education Group (TAL). 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.

	TME	TAL	Difference
Sharpe ratio Return per unit of total volatility	-0.69	-0.27	-0.42
Sortino ratio Return per unit of downside risk	-0.75	-0.04	-0.71
Omega ratio Gain probability vs. loss probability	0.89	0.99	-0.11
Calmar ratio Return relative to maximum drawdown	-0.53	-0.41	-0.12
Martin ratio Return relative to average drawdown	-1.35	-0.71	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TME vs. TAL - Sharpe Ratio Comparison

The current TME Sharpe Ratio is -0.69, which is lower than the TAL Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of TME and TAL, 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

	TME	TAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.69	-0.27	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	-0.32	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.21	-0.30

Correlation

The correlation between TME and TAL is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TME vs. TAL - Dividend Comparison

TME's dividend yield for the trailing twelve months is around 1.94%, while TAL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TME Tencent Music Entertainment Group	1.94%	1.03%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TAL TAL Education Group	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	1.28%	4.07%

Drawdowns

TME vs. TAL - Drawdown Comparison

The maximum TME drawdown since its inception was -90.19%, smaller than the maximum TAL drawdown of -98.06%. Use the drawdown chart below to compare losses from any high point for TME and TAL.

Drawdown Indicators

	TME	TAL	Difference
Max Drawdown Largest peak-to-trough decline	-90.19%	-98.06%	+7.87%
Max Drawdown (1Y) Largest decline over 1 year	-64.80%	-36.32%	-28.48%
Max Drawdown (5Y) Largest decline over 5 years	-84.52%	-97.22%	+12.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.06%	—
Current Drawdown Current decline from peak	-70.17%	-87.39%	+17.22%
Average Drawdown Average peak-to-trough decline	-51.55%	-41.28%	-10.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.70%	21.04%	+4.66%

Volatility

TME vs. TAL - Volatility Comparison

Tencent Music Entertainment Group (TME) has a higher volatility of 31.26% compared to TAL Education Group (TAL) at 8.69%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than TAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TME	TAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.26%	8.69%	+22.57%
Volatility (6M) Calculated over the trailing 6-month period	40.64%	34.05%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	50.54%	51.70%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.27%	87.02%	-26.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.09%	69.25%	-12.16%

Financials

TME vs. TAL - Profitability Comparison

The chart below illustrates the profitability comparison between Tencent Music Entertainment Group and TAL Education Group over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TME - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported a gross profit of 7.57B and revenue of 7.74B. Therefore, the gross margin over that period was 97.7%.

TAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TAL Education Group reported a gross profit of 432.69M and revenue of 771.74M. Therefore, the gross margin over that period was 56.1%.

TME - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported an operating income of 2.62B and revenue of 7.74B, resulting in an operating margin of 33.8%.

TAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TAL Education Group reported an operating income of 93.31M and revenue of 771.74M, resulting in an operating margin of 12.1%.

TME - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported a net income of 1.90B and revenue of 7.74B, resulting in a net margin of 24.6%.

TAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TAL Education Group reported a net income of 130.86M and revenue of 771.74M, resulting in a net margin of 17.0%.