Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Merchants Bank CoCIHHF +2.22%75 EV-to-OCF is 0.27 as of Aug. 28, 2026, which is 69% below its 10-year median of 0.86. GuruFocus rates CIHHF with a GF Score™ of 75/100 and a GF Value™ of $6.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,493 Banks companies, China Merchants Bank Co ranks better than 67.65% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, China Merchants Bank Co's Enterprise Value is $18,236 Mil.
China Merchants Bank Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $68,693 Mil. Therefore, China Merchants Bank Co's EV-to-OCF for today is 0.27.
The historical rank and industry rank for China Merchants Bank Co's EV-to-OCF or its related term are showing as below:
CIHHF'
s EV-to-OCF Range Over the Past 10 Years
Min: -109.43 Med: 0.86 Max: 194.75
Current: 0.19
During the past 13 years, the highest EV-to-OCF of China Merchants Bank Co was 194.75. The lowest was -109.43. And the median was 0.86.
CIHHF's EV-to-OCF is ranked better than 67.65% of 1493
companies
in the Banks industry
Industry Median: 3.87
vs CIHHF: 0.19
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
China Merchants Bank Co (OTCPK:CIHHF) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
China Merchants Bank Co's PE Ratio (TTM) for today is calculated as:
China Merchants Bank Co's share price for today is $6.44.
China Merchants Bank Co's Earnings per Share (Diluted) 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 $0.808.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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 Merchants Bank Co EV-to-OCF Competitor Comparison
For the Banks - Regional subindustry, China Merchants Bank Co's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 Merchants Bank Co EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, China Merchants Bank Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where China Merchants Bank Co's EV-to-OCF falls into.
China Merchants Bank Co's current Enterprise Value is $18,236 Mil.
China Merchants Bank Co's Cash Flow from Operations 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 $68,693 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.
China Merchants Bank Co (CIHHF) has a EV-to-OCF of 0.27 as of Aug. 28, 2026. This is 69% below median its historical median of 0.86. According to the industry distribution chart, China Merchants Bank Co ranks #483 out of 1493 companies in the Banks industry, placing it in the top 32.4%.
Is China Merchants Bank Co's EV-to-OCF too high?
China Merchants Bank Co's current EV-to-OCF of 0.27 is 69% below median its 10-year median of 0.86. The Banks industry median EV-to-OCF is 3.87. China Merchants Bank Co's value of 0.27 is 93% below this industry median. Based on the distribution chart, China Merchants Bank Co ranks #483 out of 1493 companies in the Banks industry, which is above the industry midpoint. Overall, China Merchants Bank Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Bank Co's EV-to-OCF compare to competitors?
According to the Banks industry distribution chart, China Merchants Bank Co ranks #483 out of 1493 companies for EV-to-OCF. This puts China Merchants Bank Co in the upper half of its industry. The industry median EV-to-OCF is 3.87. China Merchants Bank Co's value of 0.27 is 93% below this benchmark. While the company's 10-year median is 0.86 vs. the industry median of 3.87, China Merchants Bank Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Banks company?
The median EV-to-OCF among Banks companies is 3.87, based on 1,493 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Merchants Bank Co's current EV-to-OCF of 0.27 is 93% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median EV-to-OCF is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Bank Co's current EV-to-OCF is 0.27, which is 69% below median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Bank Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Bank Co (CIHHF) is currently considered Fairly Valued. The stock's GF Value™ is $6.49, compared to a current price of $6.44 — trading 0.8% below its estimated fair value. The current EV-to-OCF is 0.27, which is 69% below median its 10-year median of 0.86 and 93% below the Banks industry median of 3.87. China Merchants Bank Co's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For China Merchants Bank Co (CIHHF), the current EV-to-OCF is 0.27 as of Aug. 28, 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 Merchants Bank Co (CIHHF) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued.
The current stock price of $6.44 is trading 0.8% below its estimated GF Value™ of $6.49.
GuruFocus considers China Merchants Bank Co to be Fairly Valued.
Key valuation signals for CIHHF:
EV-to-OCF: 0.27 (69% below median its 10-year median of 0.86)
GF Value™: $6.49 vs. price of $6.44 (0.8% below fair value)
Industry Position: 93% below the Banks median (#483 of 1493)
No single metric tells the full story. See the CIHHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 49%, 51%, and 0% of total profit before tax, respectively, and 40%, 58%, and 2% of total revenue in 2024.
75GF Score
Get the complete analysis for CIHHF
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CIHHF has been successfully added to your 
