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TME vs. RELX: Which Stock Is the Better Value Option?
TMETME(TME) ZACKS·2024-12-18 17:40

Core Viewpoint - Tencent Music Entertainment Group (TME) is currently positioned as a more attractive investment compared to RELX PLC based on various valuation metrics and rankings [1][3][7]. Valuation Metrics - TME has a forward P/E ratio of 17.45, significantly lower than RELX's forward P/E of 30.93, indicating that TME may be undervalued [5]. - The PEG ratio for TME is 0.83, while RELX has a PEG ratio of 3.53, suggesting TME offers better value relative to its expected earnings growth [5]. - TME's P/B ratio stands at 2.34, compared to RELX's P/B of 20.74, further highlighting TME's relative undervaluation [6]. Zacks Rank and Style Scores - TME holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while RELX has a Zacks Rank of 4 (Sell), suggesting a less favorable earnings forecast [3]. - TME's Value grade is B, contrasting with RELX's Value grade of F, reinforcing the notion that TME is a more appealing option for value investors [7].