China MobileHAM:CTM 76 PB Ratio is 1.00 as of Jul. 07, 2026, which is 36% below its 10-year median of 1.57. 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 339 Telecommunication Services companies, China Mobile ranks better than 65.49% on this metric.
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 (2026-07-07), China Mobile's share price is €8.459. China Mobile's Book Value per Share for the quarter that ended in Mar. 2026 was €8.46. Hence, China Mobile's PB Ratio of today is 1.00.
Good Sign:
China Mobile Ltd stock PB Ratio (=1.3) is close to 3-year low of 1.29.
The historical rank and industry rank for China Mobile's PB Ratio or its related term are showing as below:
HAM:CTM'
s PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 1.57 Max: 1.81
Current: 1.3
During the past 13 years, China Mobile's highest PB Ratio was 1.81. The lowest was 0.97. And the median was 1.57.
HAM:CTM's PB Ratio is ranked better than 65.49% of 339
companies
in the Telecommunication Services industry
Industry Median: 1.85
vs HAM:CTM: 1.30
During the past 12 months, China Mobile's average Book Value Per Share Growth Rate was 1.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.00% 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 2.80% per year. And the median was 10.90% per year.
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
China Mobile PB Ratio Historical Data
* Premium members only.
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.
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 PB Ratio vs 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.
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:
* 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 Mobile (HAM:CTM) has a PB Ratio of 1.00 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Mobile and its competitors. This is 36% below median its historical median of 1.57. Over the past decade, China Mobile's PB Ratio has ranged from 0.97 to 1.81. According to the industry distribution chart, China Mobile ranks #117 out of 339 companies in the Telecommunication Services industry, placing it in the top 34.5%.
Is China Mobile's PB Ratio too high?
China Mobile's current PB Ratio of 1.00 is 36% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 1.81. The Telecommunication Services industry median PB Ratio is 1.85. China Mobile's value of 1.00 is 45.9% below this industry median. Based on the distribution chart, China Mobile ranks #117 out of 339 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 PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #117 out of 339 companies for PB Ratio. This puts China Mobile in the upper half of its industry. The industry median PB Ratio is 1.85. China Mobile's value of 1.00 is 45.9% below this benchmark. Historically, China Mobile's own PB Ratio has ranged from 0.97 to 1.81 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.85, China Mobile 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.85, based on 339 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 Mobile's current PB Ratio of 1.00 is 45.9% 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 Mobile and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current PB Ratio is 1.00, which is 36% below median its own 10-year median of 1.57. 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 PB Ratio of 1.00. 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 PB Ratio is 1.00, which is 36% below median its 10-year median of 1.57 and 45.9% below the Telecommunication Services industry median of 1.85. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current PB Ratio is 1.00 as of Jul. 07, 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:
PB Ratio: 1.00 (36% below median its 10-year median of 1.57)
GF Value™: €10.27 vs. price of €8.46 (17.6% below fair value)
Industry Position: 45.9% below the Telecommunication Services median (#117 of 339)
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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