Life Time Group Holdings, Inc. vs Tencent Music Entertainment Group, two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
A US gym operator against a Chinese streaming leader: Life Time runs premium fitness clubs while Tencent Music leads China's music-streaming market as an ADR. The digital platform earns far more per dollar, a 25.03% net margin against Life Time's 12.53%, and converts much better to cash, a 10.63% free cash yield versus Life Time's negative 1.32% as it spends on new clubs. Tencent carries no net debt; Life Time sits at 0.47 times equity. Returns on equity favor Life Time modestly, 11.98% to 10.2%. On price to book the gap is wide, 1.34 at Tencent against 2.90 at Life Time. An asset-heavy club builder against a light streaming operator abroad.
Comparison updated 2026-07-11.
| Metric | LTH | TME |
|---|---|---|
| Price | $41.88 | $8.89 |
| Market cap | $9.5B | $13.7B |
| Sector | Entertainment | Entertainment |
| Stage | Growth | Mature |
| Implied growth (priced in) | +24.0% | — |
| P/E | 24.5 | — |
| P/B | 2.96 | 1.43 |
| P/S | 3.09 | 3.50 |
| EV/EBITDA | 13.4 | 9.9 |
| Revenue growth | +12.7% | -0.5% |
| Gross margin | — | 42.3% |
| Operating margin | 17.1% | 30.7% |
| Net margin | 12.5% | 25.0% |
| Return on equity | 12.0% | 10.2% |
| Return on assets | 4.8% | 7.9% |
| Return on invested capital | 7.9% | 10.2% |
| FCF yield | -1.3% | 10.0% |
| Debt / equity | 0.47 | 0.00 |
| Current ratio | 0.53 | 2.09 |
| Altman Z (solvency) | 1.57 | 4.06 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.