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China Mobile Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Mobile and similar public comparables like Verizon, T-Mobile US, AT&T, Deutsche Telekom and more.
China Mobile Overview
About China Mobile
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.
Founded
1997
HQ
Employees
455.4K
Website
Sectors
Financials (LTM)
EV
$190B
China Mobile Financials
China Mobile reported last 12-month revenue of $153B and EBITDA of $50B.
In the same LTM period, China Mobile generated $44B in gross profit, $50B in EBITDA, and $21B in net income.
Revenue (LTM)
China Mobile P&L
In the most recent fiscal year, China Mobile reported revenue of $152B and EBITDA of $54B.
China Mobile expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $153B | XXX | $152B | XXX | XXX | XXX |
| Gross Profit | $44B | XXX | $89B | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $50B | XXX | $54B | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $21B | XXX | $20B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Mobile Stock Performance
China Mobile has current market cap of $221B, and enterprise value of $190B.
Market Cap Evolution
China Mobile's stock price is $10.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $190B | $221B | 0.0% | XXX | XXX | XXX | $0.93 |
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Start Free TrialChina Mobile Valuation Multiples
China Mobile trades at 1.2x EV/Revenue multiple, and 3.8x EV/EBITDA.
EV / Revenue (LTM)
China Mobile Financial Valuation Multiples
As of March 14, 2026, China Mobile has market cap of $221B and EV of $190B.
Equity research analysts estimate China Mobile's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Mobile has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $221B | XXX | $221B | XXX | XXX | XXX |
| EV (current) | $190B | XXX | $190B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 3.8x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBIT | 8.7x | XXX | 8.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | 2.1x | XXX | XXX | XXX |
| P/E | 10.5x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | 7.5x | XXX | 6.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Mobile Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
China Mobile Margins & Growth Rates
China Mobile's revenue in the last 12 month grew by 2%.
China Mobile's revenue per employee in the last FY averaged $0.3M.
China Mobile's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Mobile's rule of X is 37% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
China Mobile Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 0% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Mobile Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Verizon | XXX | XXX | XXX | XXX | XXX | XXX |
| T-Mobile US | XXX | XXX | XXX | XXX | XXX | XXX |
| AT&T | XXX | XXX | XXX | XXX | XXX | XXX |
| Deutsche Telekom | XXX | XXX | XXX | XXX | XXX | XXX |
| SoftBank Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Mobile M&A Activity
China Mobile acquired XXX companies to date.
Last acquisition by China Mobile was on XXXXXXXX, XXXXX. China Mobile acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Mobile
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChina Mobile Investment Activity
China Mobile invested in XXX companies to date.
China Mobile made its latest investment on XXXXXXXX, XXXXX. China Mobile invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Mobile
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout China Mobile
| When was China Mobile founded? | China Mobile was founded in 1997. |
| Where is China Mobile headquartered? | China Mobile is headquartered in China. |
| How many employees does China Mobile have? | As of today, China Mobile has over 455K employees. |
| Who is the CEO of China Mobile? | China Mobile's CEO is Biao He. |
| Is China Mobile publicly listed? | Yes, China Mobile is a public company listed on HKEX. |
| What is the stock symbol of China Mobile? | China Mobile trades under 00941 ticker. |
| When did China Mobile go public? | China Mobile went public in 1997. |
| Who are competitors of China Mobile? | China Mobile main competitors are Verizon, T-Mobile US, AT&T, Deutsche Telekom. |
| What is the current market cap of China Mobile? | China Mobile's current market cap is $221B. |
| What is the current revenue of China Mobile? | China Mobile's last 12 months revenue is $153B. |
| What is the current revenue growth of China Mobile? | China Mobile revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of China Mobile? | Current revenue multiple of China Mobile is 1.2x. |
| Is China Mobile profitable? | Yes, China Mobile is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Mobile? | China Mobile's last 12 months EBITDA is $50B. |
| What is China Mobile's EBITDA margin? | China Mobile's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of China Mobile? | Current EBITDA multiple of China Mobile is 3.8x. |
| What is the current FCF of China Mobile? | China Mobile's last 12 months FCF is $25B. |
| What is China Mobile's FCF margin? | China Mobile's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of China Mobile? | Current FCF multiple of China Mobile is 7.5x. |
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