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China MobileHAM:CTM 77 Return-on-Tangible-Asset is 5.80% as of Mar. 2026, which is 17% below its 10-year median of 7.01. GuruFocus rates HAM:CTM with a GF Score™ of 77/100 and a GF Value™ of €9.50. The stock has 5 warning signs investors should review. Among 364 Telecommunication Services companies, China Mobile ranks better than 66.21% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. China Mobile's annualizedNet Income for the quarter that ended in Mar. 2026 was €14,730 Mil. China Mobile's average total tangible assets for the quarter that ended in Mar. 2026 was €253,866 Mil. Therefore, China Mobile's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.80%.
The historical rank and industry rank for China Mobile's Return-on-Tangible-Asset or its related term are showing as below:
HAM:CTM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.65 Med: 7.01 Max: 8.05
Current: 6.65
During the past 13 years, China Mobile's highest Return-on-Tangible-Asset was 8.05%. The lowest was 6.65%. And the median was 7.01%.
HAM:CTM's Return-on-Tangible-Asset is ranked better than 66.21% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.45
vs HAM:CTM: 6.65
China Mobile (HAM:CTM) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
China Mobile Return-on-Tangible-Asset Related Terms
China Mobile Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Mobile's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, China Mobile's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Mobile's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.80% mean?
China Mobile (HAM:CTM) has a Return-on-Tangible-Asset of 5.80% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Mobile and its competitors. This is 17% below median its historical median of 7.01. Over the past decade, China Mobile's Return-on-Tangible-Asset has ranged from 6.65 to 8.05. According to the industry distribution chart, China Mobile ranks #123 out of 364 companies in the Telecommunication Services industry, placing it in the top 33.8%.
Is China Mobile's Return-on-Tangible-Asset too high?
China Mobile's current Return-on-Tangible-Asset of 5.80% is 17% below median its 10-year median of 7.01. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 8.05. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.45. China Mobile's value of 5.80% is 68.1% above this industry median. Based on the distribution chart, China Mobile ranks #123 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, China Mobile has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does China Mobile's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #123 out of 364 companies for Return-on-Tangible-Asset. This puts China Mobile in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.45. China Mobile's value of 5.80% is 68.1% above this benchmark. Historically, China Mobile's own Return-on-Tangible-Asset has ranged from 6.65 to 8.05 over the past decade. While the company's 10-year median is 7.01 vs. the industry median of 3.45, China Mobile has consistently been above 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 Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.45, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mobile's current Return-on-Tangible-Asset of 5.80% is 68.1% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Mobile and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current Return-on-Tangible-Asset is 5.80%, which is 17% below median its own 10-year median of 7.01. 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 Return-on-Tangible-Asset of 5.80%. The stock's GF Value™ is €9.50, compared to a current price of €8.46 — trading 11% below its estimated fair value. The current Return-on-Tangible-Asset is 5.80%, which is 17% below median its 10-year median of 7.01 and 68.1% above the Telecommunication Services industry median of 3.45. China Mobile's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current Return-on-Tangible-Asset is 5.80% 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 11% below its estimated GF Value™ of €9.50.
Key valuation signals for HAM:CTM:
Return-on-Tangible-Asset: 5.80% (17% below median its 10-year median of 7.01)
GF Value™: €9.50 vs. price of €8.46 (11% below fair value)
Industry Position: 68.1% above the Telecommunication Services median (#123 of 364)
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.
77GF Score
Get the complete analysis for HAM:CTM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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