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China MobileHAM:CTM 76 ROC (Joel Greenblatt) % is 18.56% as of Mar. 2026, which is 8% below its 10-year median of 20.08. GuruFocus rates HAM:CTM with a GF Score™ of 76/100 and a GF Value™ of €9.81. The stock has 5 warning signs investors should review. Among 363 Telecommunication Services companies, China Mobile ranks better than 60.61% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. China Mobile's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.56%.
The historical rank and industry rank for China Mobile's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:CTM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.52 Med: 20.08 Max: 21.03
Current: 20.88
During the past 13 years, China Mobile's highest ROC (Joel Greenblatt) % was 21.03%. The lowest was 17.52%. And the median was 20.08%.
HAM:CTM's ROC (Joel Greenblatt) % is ranked better than 60.61% of 363
companies
in the Telecommunication Services industry
Industry Median: 15.03
vs HAM:CTM: 20.88
China Mobile's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.70% per year.
China Mobile (HAM:CTM) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
China Mobile ROC (Joel Greenblatt) % Related Terms
China Mobile ROC (Joel Greenblatt) % Historical Data
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The historical data trend for China Mobile's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, China Mobile's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Mobile's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 18.56% mean?
China Mobile (HAM:CTM) has a ROC (Joel Greenblatt) % of 18.56% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Mobile and its competitors. This is near median its historical median of 20.08. Over the past decade, China Mobile's ROC (Joel Greenblatt) % has ranged from 17.52 to 21.03. According to the industry distribution chart, China Mobile ranks #143 out of 363 companies in the Telecommunication Services industry, placing it in the top 39.4%.
Is China Mobile's ROC (Joel Greenblatt) % too high?
China Mobile's current ROC (Joel Greenblatt) % of 18.56% is near median its 10-year median of 20.08. Over the past 10 years, this metric has ranged from a low of 17.52 to a high of 21.03. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 15.03. China Mobile's value of 18.56% is 23.5% above this industry median. Based on the distribution chart, China Mobile ranks #143 out of 363 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 ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Mobile ranks #143 out of 363 companies for ROC (Joel Greenblatt) %. This puts China Mobile in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 15.03. China Mobile's value of 18.56% is 23.5% above this benchmark. Historically, China Mobile's own ROC (Joel Greenblatt) % has ranged from 17.52 to 21.03 over the past decade. While the company's 10-year median is 20.08 vs. the industry median of 15.03, 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 ROC (Joel Greenblatt) % for a Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 15.03, based on 363 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mobile's current ROC (Joel Greenblatt) % of 18.56% is 23.5% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Mobile and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 15.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current ROC (Joel Greenblatt) % is 18.56%, which is near median its own 10-year median of 20.08. 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 ROC (Joel Greenblatt) % of 18.56%. The stock's GF Value™ is €9.81, compared to a current price of €8.46 — trading 13.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.56%, which is near median its 10-year median of 20.08 and 23.5% above the Telecommunication Services industry median of 15.03. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For China Mobile (HAM:CTM), the current ROC (Joel Greenblatt) % is 18.56% 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 13.8% below its estimated GF Value™ of €9.81.
Key valuation signals for HAM:CTM:
ROC (Joel Greenblatt) %: 18.56% (near median its 10-year median of 20.08)
GF Value™: €9.81 vs. price of €8.46 (13.8% below fair value)
Industry Position: 23.5% above the Telecommunication Services median (#143 of 363)
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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