Reality Gap
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Tencent

0700.HK · Technology · Hang Seng · HKD

Latest observation

Q4 2025

Reality Gap Values

RG8 Q4 2025 1.9
RG10 Q4 2025 1.6
RG12 Q4 2025 1.4

Trend (RG10 vs prior period)

+ Increasing

Supporting Data (Q4 2025)

Market Capitalisation HKD 4,873.6B
Tangible Equity (TE) HKD 876.1B
Smoothed Earnings G (4yr avg) HKD 209.5B
Net Income (this period) HKD 224.8B

Values in HKD billions.

Historical RG Overview

Period Mkt Cap (HKD B) TE (HKD B) RG8 RG10 RG12
Q4 2025 4,873.6 876.1 1.9 1.6 1.4
Q2 2025 4,544.1 876.1 1.8 1.5 1.3
Q4 2024 3,319.1 876.1 1.6 1.4 1.2
Q4 2023 2,181.6 876.1 1.0 0.9 0.8

RG10 Trend

No chart data available.

Data Note

Annual historical observation. Market cap approximated from historical close price × current shares outstanding. TE uses current balance sheet (not historical). Approximation.

All data is illustrative and for research purposes only. Not investment advice. Market cap for historical periods approximated as shares outstanding × year-end closing price (H-share basis).