China MobileHAM:CTM 76 Return-on-Tangible-Equity is 8.90% as of Mar. 2026, which is 16% below its 10-year median of 10.65. 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 326 Telecommunication Services companies, China Mobile ranks worse than 57.67% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. China Mobile's annualized net income for the quarter that ended in Mar. 2026 was €14,730 Mil. China Mobile's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €165,588 Mil. Therefore, China Mobile's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.90%.
The historical rank and industry rank for China Mobile's Return-on-Tangible-Equity or its related term are showing as below:
HAM:CTM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.09 Med: 10.65 Max: 12.45
Current: 10.18
During the past 13 years, China Mobile's highest Return-on-Tangible-Equity was 12.45%. The lowest was 10.09%. And the median was 10.65%.
HAM:CTM's Return-on-Tangible-Equity is ranked worse than 57.67% of 326
companies
in the Telecommunication Services industry
Industry Median: 14.005
vs HAM:CTM: 10.18
China Mobile (HAM:CTM) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
China Mobile Return-on-Tangible-Equity Related Terms
China Mobile Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for China Mobile's Return-on-Tangible-Equity 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-Equity Comparison
For the Telecom Services subindustry, China Mobile's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Mobile's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.90% mean?
China Mobile (HAM:CTM) has a Return-on-Tangible-Equity of 8.90% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on China Mobile and its competitors. This is 16% below median its historical median of 10.65. Over the past decade, China Mobile's Return-on-Tangible-Equity has ranged from 10.09 to 12.45. According to the industry distribution chart, China Mobile ranks #188 out of 326 companies in the Telecommunication Services industry, placing it in the top 57.7%.
Is China Mobile's Return-on-Tangible-Equity too high?
China Mobile's current Return-on-Tangible-Equity of 8.90% is 16% below median its 10-year median of 10.65. Over the past 10 years, this metric has ranged from a low of 10.09 to a high of 12.45. The Telecommunication Services industry median Return-on-Tangible-Equity is 14.01. China Mobile's value of 8.90% is 36.5% below this industry median. Based on the distribution chart, China Mobile ranks #188 out of 326 companies in the Telecommunication Services industry, which is below 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 Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #188 out of 326 companies for Return-on-Tangible-Equity. This places China Mobile in the lower half of its industry. The industry median Return-on-Tangible-Equity is 14.01. China Mobile's value of 8.90% is 36.5% below this benchmark. Historically, China Mobile's own Return-on-Tangible-Equity has ranged from 10.09 to 12.45 over the past decade. While the company's 10-year median is 10.65 vs. the industry median of 14.01, 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 Return-on-Tangible-Equity for a Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.01, based on 326 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mobile's current Return-on-Tangible-Equity of 8.90% is 36.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on China Mobile and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current Return-on-Tangible-Equity is 8.90%, which is 16% below median its own 10-year median of 10.65. 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-Equity of 8.90%. 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 Return-on-Tangible-Equity is 8.90%, which is 16% below median its 10-year median of 10.65 and 36.5% below the Telecommunication Services industry median of 14.01. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current Return-on-Tangible-Equity is 8.90% 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:
Return-on-Tangible-Equity: 8.90% (16% below median its 10-year median of 10.65)
GF Value™: €10.27 vs. price of €8.46 (17.6% below fair value)
Industry Position: 36.5% below the Telecommunication Services median (#188 of 326)
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
Get the complete analysis for HAM:CTM
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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