China MobileMEX:941N 76 Gross Margin % is 54.49% as of Mar. 2026, which is 13% below its 10-year median of 62.88. GuruFocus rates MEX:941N with a GF Score™ of 76/100 and a GF Value™ of MXN203.56. The stock has 5 warning signs investors should review. Among 344 Telecommunication Services companies, China Mobile ranks better than 59.88% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. China Mobile's Gross Profit for the
three
months ended in Mar. 2026 was MXN379,893 Mil. China Mobile's Revenue for the
three
months ended in Mar. 2026 was MXN697,221 Mil. Therefore, China Mobile's Gross Margin % for the quarter that ended in Mar. 2026 was 54.49%.
Warning Sign:
China Mobile Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
The historical rank and industry rank for China Mobile's Gross Margin % or its related term are showing as below:
MEX:941N'
s Gross Margin % Range Over the Past 10 Years
Min: 57.88 Med: 62.88 Max: 79.08
Current: 57.88
During the past 13 years, the highestGross Margin % of China Mobile was 79.08%. The lowest was 57.88%. And the median was 62.88%.
MEX:941N's Gross Margin % is ranked better than 59.88% of 344
companies
in the Telecommunication Services industry
Industry Median: 51.415
vs MEX:941N: 57.88
China Mobile had a gross margin of 54.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for China Mobile was -1.80% per year.
China Mobile (MEX:941N) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
China Mobile had a gross margin of 54.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
China Mobile Gross Margin % Related Terms
China Mobile Gross Margin % Historical Data
* Premium members only.
The historical data trend for China Mobile's Gross Margin % 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.
MEX:941N vs TMUS, VZ, T: Gross Margin % Comparison
For the Telecom Services subindustry, China Mobile's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Gross Margin % distribution charts can be found below:
* The bar in red indicates where China Mobile's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
China Mobile (MEX:941N) has a Gross Margin % of 54.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on China Mobile and its competitors. This is 13% below median its historical median of 62.88. Over the past decade, China Mobile's Gross Margin % has ranged from 57.88 to 79.08. According to the industry distribution chart, China Mobile ranks #138 out of 344 companies in the Telecommunication Services industry, placing it in the top 40.1%.
Is China Mobile's Gross Margin % too high?
China Mobile's current Gross Margin % of 54.49% is 13% below median its 10-year median of 62.88. Over the past 10 years, this metric has ranged from a low of 57.88 to a high of 79.08. The Telecommunication Services industry median Gross Margin % is 51.42. China Mobile's value of 54.49% is 6% above this industry median. Based on the distribution chart, China Mobile ranks #138 out of 344 companies in the Telecommunication Services industry, which is above the industry midpoint. 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 Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #138 out of 344 companies for Gross Margin %. This puts China Mobile in the upper half of its industry. The industry median Gross Margin % is 51.42. China Mobile's value of 54.49% is 6% above this benchmark. Historically, China Mobile's own Gross Margin % has ranged from 57.88 to 79.08 over the past decade. While the company's 10-year median is 62.88 vs. the industry median of 51.42, China Mobile has consistently been above 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 Gross Margin % for a Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mobile's current Gross Margin % of 54.49% is 6% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on China Mobile and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current Gross Margin % is 54.49%, which is 13% below median its own 10-year median of 62.88. 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 (MEX:941N) has a current Gross Margin % of 54.49%. The stock's GF Value™ is MXN203.56, compared to a current price of MXN167.00 — trading 18% below its estimated fair value. The current Gross Margin % is 54.49%, which is 13% below median its 10-year median of 62.88 and 6% above the Telecommunication Services industry median of 51.42. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For China Mobile (MEX:941N), the current Gross Margin % is 54.49% 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 (MEX:941N) Overvalued in 2026?
Based on GuruFocus' analysis, China Mobile stock appears to be undervalued.
The current stock price of MXN167.00 is trading 18% below its estimated GF Value™ of MXN203.56.
Key valuation signals for MEX:941N:
Gross Margin %: 54.49% (13% below median its 10-year median of 62.88)
GF Value™: MXN203.56 vs. price of MXN167.00 (18% below fair value)
Industry Position: 6% above the Telecommunication Services median (#138 of 344)
No single metric tells the full story. See the MEX:941N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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