China Mobile (China Mobile) 3-Year Book Growth Rate : 3.80% (As of Mar. 2024)

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What is China Mobile 3-Year Book Growth Rate?

China Mobile's Book Value per Share for the quarter that ended in Mar. 2024 was $45.35.

During the past 12 months, China Mobile's average Book Value per Share Growth Rate was 3.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 3.80% per year. During the past 5 years, the average Book Value per Share Growth Rate was 4.00% per year. During the past 10 years, the average Book Value per Share Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

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 3.30% per year. And the median was 11.75% per year.

Competitive Comparison of China Mobile's 3-Year Book Growth Rate

For the Telecom Services subindustry, China Mobile's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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's 3-Year Book Growth Rate Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where China Mobile's 3-Year Book Growth Rate falls into.

China Mobile 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

China Mobile (NYSE:CHL) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

China Mobile 3-Year Book Growth Rate Related Terms

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China Mobile (China Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (NYSE:CHL) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

941:Mexico 00941:Hong Kong CTM:Germany 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll 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 2G/4G/5G network through China Broadnet. Strong 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.