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China Construction Bank Corporation 0939.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Financial Services · website

China Construction Bank Corporation statistics & valuation

Market capCN¥2.29T
P / E6.7×
P / S3.0×
P / B0.6×
P / FCF1.1×
Net margin44.6%
FCF margin273.1%
Net cashCN¥1.16T
Enterprise value USD$95.5B
Graham number +141.6%CN¥21.11

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥21.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
41.50% 43.30% 45.00% 44.60% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
11.40% 10.60% 10.10% 9.30% 2022202320242025
Shares outstanding
240.42B 240.42B 240.42B 240.42B 2022202320242025
Net debt (CN¥)
-CN¥1.88T -CN¥1.65T -CN¥670.73B -CN¥1.16T 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
0.90% 0.90% 0.80% 0.70% 2022202320242025
Free cash flow margin (%)
122.00% 80.40% 41.40% 273.10% 2022202320242025
Debt / equity (×)
0.70× 0.73× 0.86× 0.84× 2022202320242025
EPS (CN¥)
CN¥1.28 CN¥1.31 CN¥1.31 CN¥1.30 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

China Construction Bank Corporation trades at about 6.7× earnings — above its 10-year norm (10-year range 3.5×–6.1×, median 4.8×).

3.5× 6.7×

Shaded band = 10-year range (3.5×–6.1×); dot = today's 6.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin44.6%45.0%43.3%41.5%
FCF margin273.1%41.4%80.4%122.0%
Return on assets0.7%0.8%0.9%0.9%
Return on equity9.3%10.1%10.6%11.4%

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.