China Merchants Bank

600036 · SSE · CNY

¥41.26Change from previous close: +1.85%Absolute change: +¥0.75

Close · September 30, 2026

Valuation

Data as of October 2, 2026

Valuation multiples

Market cap
¥1.04T
Enterprise value
¥235.32B
P/E (trailing 12 months)
7.13
Forward P/E
6.60
PEG
1.18
Price/book
0.91
Price/sales
3.45
EV/revenue
0.78

Profitability and growth

Gross margin
0.0%
Operating margin
60.0%
Net margin
50.3%
ROE
11.5%
ROA
1.2%
Revenue growth (year over year)
3.3%
Earnings growth (year over year)
5.7%

Financial health

Total cash
¥1.37T
Total debt
¥560.59B

Dividends

Annual dividend per share
¥4.02
Dividend yield
9.7%
Payout ratio
52.0%
Ex-dividend date
July 10, 2026

Analysts and estimates

Average price target
¥53.26
Median price target
¥53.00
High price target
¥64.00
Low price target
¥43.44
Number of analysts
19
Consensus
Strong buy
Forward EPS
¥6.25
EPS estimate, current year
¥5.93

Shares and trading

Beta
0.46
Average volume
79.61M
Shares outstanding
20.63B
Float
15.37B
Institutional ownership
11.3%
Insider ownership
44.7%