China Mobile (MEX:941N) ROCE %: 10.17% (As of Mar. 2026)


MEX:941N China Mobile Ltd MEX:941N
76 GF Score
Price MXN167.00
GF Value MXN203.56
! 5 Warning Signs
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What is China Mobile ROCE %?

China Mobile MEX:941N 76 ROCE % is 10.17% as of Mar. 2026. GuruFocus rates MEX:941N with a GF Score™ of 76/100 and a GF Value™ of MXN203.56. The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. China Mobile's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.17%.

China Mobile  (MEX:941N) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

China Mobile ROCE % Related Terms

China Mobile ROCE % Historical Data

* Premium members only.

The historical data trend for China Mobile's ROCE % 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.

China Mobile ROCE % Chart

China Mobile Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.88 11.57 11.29 13.62 11.29

China Mobile Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.67 17.48 10.75 7.82 10.17
MEX:941N
76GF Score
China Mobile Ltd MEX:941N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Mobile ROCE % Calculation

China Mobile's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=457073.079/( ( (6038768.837 - 1813291.785) + (5440624.523 - 1568545.163) )/ 2 )
=457073.079/( (4225477.052+3872079.36)/ 2 )
=457073.079/4048778.206
=11.29 %

China Mobile's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=402396.532/( ( (5440624.523 - 1568545.163) + (5726931.831 - 1688249.103) )/ 2 )
=402396.532/( ( 3872079.36 + 4038682.728 )/ 2 )
=402396.532/3955381.044
=10.17 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 10.17% mean?
China Mobile (MEX:941N) has a ROCE % of 10.17% as of Mar. 2026.
Is China Mobile's ROCE % too high?
China Mobile's current ROCE % is 10.17%. The Telecommunication Services industry median ROCE % is 7.72. China Mobile's value of 10.17% is 31.7% above this industry median. 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 ROCE % compare to TMUS and VZ?
China Mobile's ROCE % of 10.17% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. China Mobile's value of 10.17% is 31.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mobile's current ROCE % of 10.17% is 31.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mobile's current ROCE % is 10.17%. 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 (MEX:941N) has a current ROCE % of 10.17%. The stock's GF Value™ is MXN203.56, compared to a current price of MXN167.00 — trading 18% below its estimated fair value. The current ROCE % is 10.17% and 31.7% above the Telecommunication Services industry median of 7.72. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For China Mobile (MEX:941N), the current ROCE % is 10.17% 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 (MEX:941N) Overvalued in 2026?

Based on GuruFocus' analysis, China Mobile stock appears to be undervalued. The current stock price of MXN167.00 is trading 18% below its estimated GF Value™ of MXN203.56.

Key valuation signals for MEX:941N:

  • ROCE %: 10.17%
  • GF Value™: MXN203.56 vs. price of MXN167.00 (18% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 31.7% above the Telecommunication Services median

No single metric tells the full story. See the MEX:941N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Mobile Business Description

Other Exchanges 00941:Hong Kong600941:China
Address 99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG
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 MEX:941N

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN167.00
Price
MXN203.56
GF Value