China Merchants Bank CoCIHKY -0.77%69 PB Ratio is 0.77 as of Jul. 01, 2026, which is 37% below its 10-year median of 1.22. GuruFocus rates CIHKY with a GF Score™ of 69/100 and a GF Value™ of $31.33 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,519 Banks companies, China Merchants Bank Co ranks better than 79.39% on this metric.
China Merchants Bank Co Ltd stock PB Ratio (=0.7) is close to 10-year low of 0.68.
The historical rank and industry rank for China Merchants Bank Co's PB Ratio or its related term are showing as below:
CIHKY'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.22 Max: 2.05
Current: 0.69
During the past 13 years, China Merchants Bank Co's highest PB Ratio was 2.05. The lowest was 0.68. And the median was 1.22.
CIHKY's PB Ratio is ranked better than 79.39% of 1519
companies
in the Banks industry
Industry Median: 1.09
vs CIHKY: 0.69
During the past 12 months, China Merchants Bank Co's average Book Value Per Share Growth Rate was 5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Merchants Bank Co was 62.40% per year. The lowest was 10.70% per year. And the median was 18.10% per year.
Back to Basics: PB Ratio
China Merchants Bank Co (OTCPK:CIHKY) PB Ratio Explanation
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.
* 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 PB Ratio Competitor Comparison
For the Banks - Regional subindustry, China Merchants Bank Co'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 Merchants Bank Co PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, China Merchants Bank Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Merchants Bank Co's PB Ratio falls into.
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.
* 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.
It can also be calculated from the numbers for the whole company:
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 Merchants Bank Co (CIHKY) has a PB Ratio of 0.77 as of Jul. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Merchants Bank Co and its competitors. This is 37% below median its historical median of 1.22. Over the past decade, China Merchants Bank Co's PB Ratio has ranged from 0.68 to 2.05. According to the industry distribution chart, China Merchants Bank Co ranks #313 out of 1519 companies in the Banks industry, placing it in the top 20.6%.
Is China Merchants Bank Co's PB Ratio too high?
China Merchants Bank Co's current PB Ratio of 0.77 is 37% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.05. The Banks industry median PB Ratio is 1.09. China Merchants Bank Co's value of 0.77 is 29.4% below this industry median. Based on the distribution chart, China Merchants Bank Co ranks #313 out of 1519 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, China Merchants Bank Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Bank Co's PB Ratio compare to competitors?
According to the Banks industry distribution chart, China Merchants Bank Co ranks #313 out of 1519 companies for PB Ratio. This places China Merchants Bank Co in the top 21% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.09. China Merchants Bank Co's value of 0.77 is 29.4% below this benchmark. Historically, China Merchants Bank Co's own PB Ratio has ranged from 0.68 to 2.05 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.09, 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.09, based on 1,519 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Merchants Bank Co's current PB Ratio of 0.77 is 29.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Merchants Bank Co and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Bank Co's current PB Ratio is 0.77, which is 37% below median its own 10-year median of 1.22. 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 (CIHKY) is currently considered Fairly Valued. The stock's GF Value™ is $31.33, compared to a current price of $28.47 — trading 9.1% below its estimated fair value. The current PB Ratio is 0.77, which is 37% below median its 10-year median of 1.22 and 29.4% below the Banks industry median of 1.09. China Merchants Bank Co's overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For China Merchants Bank Co (CIHKY), the current PB Ratio is 0.77 as of Jul. 01, 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 (CIHKY) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued.
The current stock price of $28.47 is trading 9.1% below its estimated GF Value™ of $31.33.
GuruFocus considers China Merchants Bank Co to be Fairly Valued.
Key valuation signals for CIHKY:
PB Ratio: 0.77 (37% below median its 10-year median of 1.22)
GF Value™: $31.33 vs. price of $28.47 (9.1% below fair value)
Industry Position: 29.4% below the Banks median (#313 of 1519)
No single metric tells the full story. See the CIHKY 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.
69GF Score
Get the complete analysis for CIHKY
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CIHKY has been successfully added to your 
