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China Railway Group Limited 601390.SS

CN · Shanghai Stock Exchange · XSHG · stock · Industrials · website

China Railway Group Limited statistics & valuation

Market capCN¥107.0B
P / E4.7×
P / S0.1×
P / B0.3×
Net margin2.1%
FCF margin-2.9%
Net debtCN¥324.5B
Enterprise value USD$61.3B
Earnings yield EBIT/EV11.4%
Return on capital4.6%
Graham number +328.1%CN¥18.66

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¥18.66); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.70% 2.70% 2.40% 2.10% 2022202320242025
Gross margin (%)
10.00% 10.20% 10.00% 9.60% 2022202320242025
Operating margin (%)
4.50% 4.70% 4.60% 4.50% 2022202320242025
Return on equity (%)
10.40% 10.10% 7.90% 6.20% 2022202320242025
Shares outstanding
20.32B 20.32B 20.32B 20.32B 2022202320242025
Net debt (CN¥)
CN¥151.78B CN¥186.80B CN¥265.85B CN¥324.50B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
1.90% 1.80% 1.20% 0.90% 2022202320242025
Free cash flow margin (%)
-1.60% -1.60% -2.60% -2.90% 2022202320242025
Debt / equity (×)
1.30× 1.27× 1.45× 1.56× 2022202320242025
EPS (CN¥)
CN¥1.20 CN¥1.29 CN¥1.08 CN¥0.85 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 Railway Group Limited trades at about 5.1× earnings — near its 10-year norm (10-year range 4.8×–6.7×, median 5.5×).

4.8× 6.7×

Shaded band = 10-year range (4.8×–6.7×); dot = today's 5.1×.

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
Gross margin9.6%10.0%10.2%10.0%
Operating margin4.5%4.6%4.7%4.5%
Net margin2.1%2.4%2.7%2.7%
FCF margin-2.9%-2.6%-1.6%-1.6%
Return on assets0.9%1.2%1.8%1.9%
Return on equity6.2%7.9%10.1%10.4%
Debt / equity1.13×1.02×0.94×0.93×
Current ratio0.960.991.001.03

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