China Mobile (HKSE:00941) Price-to-Tangible-Book : 1.13 (As of May. 11, 2024)

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What is China Mobile Price-to-Tangible-Book?

As of today (2024-05-11), China Mobile's share price is HK$74.00. China Mobile's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was HK$65.50. Hence, China Mobile's Price to Tangible Book Ratio of today is 1.13.

The historical rank and industry rank for China Mobile's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00941' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.05 Med: 1.55 Max: 1.75
Current: 1.68

During the past 13 years, China Mobile's highest Price to Tangible Book Ratio was 1.75. The lowest was 1.05. And the median was 1.55.

HKSE:00941's Price-to-Tangible-Book is ranked better than
65% of 280 companies
in the Telecommunication Services industry
Industry Median: 2.585 vs HKSE:00941: 1.68

A closely related ratio is called PB Ratio. As of today, China Mobile's share price is HK$74.00. China Mobile's Book Value per Sharefor the quarter that ended in Mar. 2024 was HK$67.97. Hence, China Mobile's P/B Ratio of today is 1.09.

China Mobile Price-to-Tangible-Book Historical Data

The historical data trend for China Mobile's Price-to-Tangible-Book 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.

* Premium members only.

China Mobile Price-to-Tangible-Book Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.15

0.70

0.71

0.82

1.01

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.96	0.98	1.06	1.01	1.02

Competitive Comparison of China Mobile's Price-to-Tangible-Book

For the Telecom Services subindustry, China Mobile's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Mobile's Price-to-Tangible-Book falls into.

China Mobile Price-to-Tangible-Book Calculation

China Mobile's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	74.00	/	65.503
	=	1.13

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

China Mobile Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of China Mobile's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

China Mobile (HKSE:00941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (HKSE:00941) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

941:Mexico 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.

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