China Mobile (HAM:CTM) EBIT: €21,535 Mil (TTM As of Mar. 2026)


HAM:CTM China Mobile Ltd HAM:CTM
76 GF Score
Price €8.46
GF Value €9.98
! 5 Warning Signs
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What is China Mobile EBIT?

China Mobile HAM:CTM 76 EBIT is €21,535 Mil as of Mar. 2026. GuruFocus rates HAM:CTM with a GF Score™ of 76/100 and a GF Value™ of €9.98. The stock has 5 warning signs investors should review.

China Mobile's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €4,826 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €21,535 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Mobile's annualized ROC % for the quarter that ended in Mar. 2026 was 4.86%. China Mobile's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Mobile's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.88%.


China Mobile  (HAM:CTM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Mobile's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=14545.644 * ( 1 - 21.86% )/( (239109.087 + 228948.071)/ 2 )
=11365.9662216/234028.579
=4.86 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=258045.693 - 32991.376 - ( 37436.827 - max(0, 74395.195 - 60340.425+37436.827))
=239109.087

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=274711.831 - 57515.641 - ( 43640.449 - max(0, 80982.63 - 69230.749+43640.449))
=228948.071

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

China Mobile's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19302.324/( ( (102654.481 + max(-50853.207, 0)) + (105331.801 + max(-54227.383, 0)) )/ 2 )
=19302.324/( ( 102654.481 + 105331.801 )/ 2 )
=19302.324/103993.141
=18.56 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12096.312 + 2014.355 + 4277.275) - (32991.376 + 0 + 36249.773)
=-50853.207

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15454.309 + 1661.7 + 3945.532) - (57515.641 + 0 + 17773.283)
=-54227.383

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Mobile's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=21534.988/167160.843
=12.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


China Mobile EBIT Related Terms


China Mobile EBIT Historical Data

* Premium members only.

The historical data trend for China Mobile's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Mobile EBIT Chart

China Mobile Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21,494.94 22,346.90 22,357.09 23,802.66 21,678.71

China Mobile Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,122.44 8,284.58 4,857.72 3,567.10 4,825.58

HAM:CTM vs TMUS, VZ, T: EBIT Comparison

For the Telecom Services subindustry, China Mobile's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Mobile EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Mobile's EV-to-EBIT falls into.


HAM:CTM
76GF Score
China Mobile Ltd HAM:CTM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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China Mobile EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €21,535 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €21,535 Mil mean?
China Mobile (HAM:CTM) has a EBIT of €21,535 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Mobile.
Is China Mobile's EBIT too high?
China Mobile's current EBIT is €21,535 Mil. Overall, China Mobile has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does China Mobile's EBIT compare to TMUS and VZ?
China Mobile's EBIT of €21,535 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Telecommunication Services company?
A good EBIT depends on the Telecommunication Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Mobile. China Mobile's current EBIT is €21,535 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Mobile stock overvalued right now?
China Mobile (HAM:CTM) has a current EBIT of €21,535 Mil. The stock's GF Value™ is €9.98, compared to a current price of €8.46 — trading 15.2% below its estimated fair value. The current EBIT is €21,535 Mil. China Mobile's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current EBIT is €21,535 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Mobile (HAM:CTM) Overvalued in 2026?

Based on GuruFocus' analysis, China Mobile stock appears to be undervalued. The current stock price of €8.46 is trading 15.2% below its estimated GF Value™ of €9.98.

Key valuation signals for HAM:CTM:

  • EBIT: €21,535 Mil
  • GF Value™: €9.98 vs. price of €8.46 (15.2% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the HAM:CTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Mobile Business Description

Other Exchanges 00941:Hong Kong600941:China
Address 99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (1 billion) but also the largest in the world. It has 60% of the total wireless market in China and over 50% of the fixed-line broadband market. The firm has largely rolled out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 3G/4G/5G network through China Broadnet. Growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.
76GF Score

Get the complete analysis for HAM:CTM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€8.46
Price
€9.98
GF Value