China MobileHAM:CTM 76 Net Current Asset Value is €-1.04 as of Mar. 2026. GuruFocus rates HAM:CTM with a GF Score™ of 76/100 and a GF Value™ of €10.27. The stock has 5 warning signs investors should review. Among 97 Telecommunication Services companies, China Mobile ranks worse than 1030926.8% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
China Mobile's net current asset value per share for the quarter that ended in Mar. 2026 was €-1.04.
The historical rank and industry rank for China Mobile's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of China Mobile was 2016.67. The lowest was 35.38. And the median was 1026.03.
HAM:CTM's Price-to-Net-Current-Asset-Value is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.58 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
China Mobile (HAM:CTM) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
China Mobile Net Current Asset Value Related Terms
China Mobile Net Current Asset Value Historical Data
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The historical data trend for China Mobile's Net Current Asset Value 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.
HAM:CTM vs TMUS, VZ, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, China Mobile's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Mobile's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of €-1.04 mean?
China Mobile (HAM:CTM) has a Net Current Asset Value of €-1.04 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on China Mobile and its competitors. Over the past decade, China Mobile's Net Current Asset Value has ranged from 35.38 to 2,016.67. According to the industry distribution chart, China Mobile ranks #999999 out of 97 companies in the Telecommunication Services industry.
Is China Mobile's Net Current Asset Value too high?
China Mobile's current Net Current Asset Value is €-1.04. Over the past 10 years, this metric has ranged from a low of 35.38 to a high of 2,016.67. Based on the distribution chart, China Mobile ranks #999999 out of 97 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. 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 Net Current Asset Value compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #999999 out of 97 companies for Net Current Asset Value. This places China Mobile in the lower half of its industry. The industry median Net Current Asset Value is 5.58. Historically, China Mobile's own Net Current Asset Value has ranged from 35.38 to 2,016.67 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.58, based on 97 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on China Mobile and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current Net Current Asset Value is €-1.04. 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 Net Current Asset Value of €-1.04. The stock's GF Value™ is €10.27, compared to a current price of €8.46 — trading 17.6% below its estimated fair value. The current Net Current Asset Value is €-1.04. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current Net Current Asset Value is €-1.04 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 17.6% below its estimated GF Value™ of €10.27.
Key valuation signals for HAM:CTM:
Net Current Asset Value: €-1.04
GF Value™: €10.27 vs. price of €8.46 (17.6% below fair value)
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 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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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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