Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) 3-Year Book Growth Rate : 7.80% (As of Dec. 2023)

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What is Industrial And Commercial Bank Of China 3-Year Book Growth Rate?

Industrial And Commercial Bank Of China's Book Value per Share for the quarter that ended in Dec. 2023 was $28.47.

During the past 12 months, Industrial And Commercial Bank Of China's average Book Value per Share Growth Rate was 7.80% per year. During the past 3 years, the average Book Value per Share Growth Rate was 7.80% per year. During the past 5 years, the average Book Value per Share Growth Rate was 9.80% per year. During the past 10 years, the average Book Value per Share Growth Rate was 10.80% 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 Industrial And Commercial Bank Of China was 20.30% per year. The lowest was 7.80% per year. And the median was 13.25% per year.

Competitive Comparison of Industrial And Commercial Bank Of China's 3-Year Book Growth Rate

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China's 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's 3-Year Book Growth Rate falls into.

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China (OTCPK:IDCBY) 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.

Industrial And Commercial Bank Of China 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Industrial And Commercial Bank Of China's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany 601398:China

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

http://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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