China Mobile (FRA:CTM) PB Ratio : 1.04 (As of Apr. 25, 2024)

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What is China Mobile PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), China Mobile's share price is €8.38. China Mobile's Book Value per Share for the quarter that ended in Dec. 2023 was €8.06. Hence, China Mobile's PB Ratio of today is 1.04.

Warning Sign:

China Mobile Ltd stock PB Ratio (=1.66) is close to 3-year high of 1.73

The historical rank and industry rank for China Mobile's PB Ratio or its related term are showing as below:

FRA:CTM' s PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 1.45 Max: 1.73
Current: 1.66

During the past 13 years, China Mobile's highest PB Ratio was 1.73. The lowest was 0.97. And the median was 1.45.

FRA:CTM's PB Ratio is ranked better than
51.91% of 366 companies
in the Telecommunication Services industry
Industry Median: 1.715 vs FRA:CTM: 1.66

During the past 12 months, China Mobile's average Book Value Per Share Growth Rate was 3.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Mobile was 25.40% per year. The lowest was 3.30% per year. And the median was 11.75% per year.

Back to Basics: PB Ratio

China Mobile PB Ratio Historical Data

The historical data trend for China Mobile's PB Ratio 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.

* Premium members only.

China Mobile PB Ratio Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.08

0.67

0.66

0.77

0.91

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															0.91	0.92	1.02	0.91	-

Competitive Comparison of China Mobile's PB Ratio

For the Telecom Services subindustry, China Mobile's PB Ratio, along with its competitors' market caps and PB Ratio 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's PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Mobile's PB Ratio falls into.

China Mobile PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

China Mobile's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	8.38	/	8.06
	=	1.04

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

China Mobile (FRA:CTM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

China Mobile PB Ratio Related Terms

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China Mobile (FRA:CTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (FRA:CTM) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

941:Mexico 00941:Hong Kong 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll 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 2G/4G/5G network through China Broadnet. Strong 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.