Industrial And Commercial Bank Of China's quarterly market cap
stayed the same
from Jun. 2024 (HK$1,653,725 Mil) to Sep. 2024 (HK$1,653,725 Mil) but then
increased
from Sep. 2024 (HK$1,653,725 Mil) to Dec. 2024 (HK$1,860,441 Mil).
Industrial And Commercial Bank Of China's annual market cap
declined
from Dec. 2022 (HK$1,432,753 Mil) to Dec. 2023 (HK$1,361,472 Mil) but then
increased
from Dec. 2023 (HK$1,361,472 Mil) to Dec. 2024 (HK$1,860,441 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Industrial And Commercial Bank Of China's Enterprise Value for Today is HK$257,518 Mil.
Industrial And Commercial Bank Of China Market Cap Historical Data
* 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.
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Industrial And Commercial Bank Of China Market Cap Chart
Industrial And Commercial Bank Of China Annual Data
Competitive Comparison of Industrial And Commercial Bank Of China's Market Cap
For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China's Market Cap, along with its competitors' market caps and Market Cap 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.
Industrial And Commercial Bank Of China's Market Cap Distribution in the Banks Industry
Industrial And Commercial Bank Of China Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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.
Industrial And Commercial Bank Of China (HKSE:01398) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Industrial And Commercial Bank Of China Market Cap Related Terms
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Industrial And Commercial Bank Of China Business Description
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.
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