China Construction Bank Co (601939) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of China Construction Bank Co stock ¥13.33, price ¥11.91, upside +11.9%, quality 46 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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China Construction Bank Co
601939 · SHGThe stock costs 11% less than our calculation considers fair.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range ¥4.92 – ¥12.06 · fair‑value band ¥10.00 – ¥16.66 · the ¥11.91 price screens below the ¥13.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
China Construction Bank Corporation engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.
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It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.
The company offers corporate and personal loans; trade financing; deposit taking and wealth management, agency, financial consulting and advisory, cash management, remittance and settlement, guarantee, and investment banking services to individuals, corporations, government agencies, and financial institutions.
It is also involved in inter-bank deposit and placement transactions, repurchase and resale transactions, and invests in debt securities; trades in derivatives and foreign currencies; precious metal trading; and custody services.
In addition, the company provides finance leasing, transfer and purchase of finance lease assets, and fixed-income investment; motor vehicle, business and household property, construction and engineering, liability insurance, hull and cargo, and short-term health and accidental injury insurance, as well as reinsurance; and cost consulting, whole-process engineering consulting, project management, investment consulting, and bidding agency services; and debt-to-equity swaps and relevant supporting businesses.
Further, it engages in private equity investment and management of development funds and other private equity funds; investment banking related services, such as sponsoring and underwriting of public offerings, corporate merger and acquisition and restructuring, direct investment, asset management, and securities brokerage and market research; house rental business; raising and selling of funds; management of annuity and pension funds; and pension advisory service.
China Construction Bank Corporation was founded in 1954 and is headquartered in Beijing, the People's Republic of China.
Stock analysis
China Construction Bank Co (601939) currently trades at ¥11.91, while our model-based Fair Value estimate is ¥13.33, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥13.69 per share, and 2 of the 6 models we run sit above the ¥11.91 price.
Bear case: the Dividend Discount group reads lowest at ¥7.54, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥10.00 (bear) to ¥16.66 (bull), the price of ¥11.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
China Construction Bank Co reported revenue of 1.4T CNY in FY2025 versus 656B CNY in FY2021, a compound +20.0%/yr. Reported net income was 339B CNY in FY2025, compounding +2.9%/yr from FY2021.
Key figures
Market cap 3.1T CNY (≈ $458B) Mega · P/E ratio 8.8 · P/S ratio 4.73 · EPS (TTM) ¥1.33 · Dividend yield 3.4% · Net margin 55.2% · Return on equity 9.4% · Return on assets (EBIT) 1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 12%, 601939 screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Watch 601939, get fair value alerts →
Recent news
- China big bank shares jump after robust third-quarter earnings
- China Construction Bank (SEHK:939) Stock Stays Flat After Strong Q3 Earnings
- Are Investors Undervaluing China Construction Bank (CICHY) Right Now?
- Should Value Investors Buy China Construction Bank (CICHY) Stock?
Compare China Construction Bank Co with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Diversified · 46 stocks
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Agricultural Bank of China Limited 601288 | ¥7.28 | ¥9.14 | +26% | vs 601939 |
| Industrial and Commercial Bank of China Limited 601398 | ¥8.44 | ¥10.52 | +25% | vs 601939 |
| Bank of China Limited 601988 | ¥6.85 | ¥7.73 | +13% | vs 601939 |
| Bank of America Corporation BAC | $49.76 | $42.16 | −15% | vs 601939 |
| Citigroup Inc C | $118.45 | $96.55 | −18% | vs 601939 |
| Wells Fargo & Company WFC | $84.80 | $66.59 | −21% | vs 601939 |
| Mitsubishi UFJ Financial Group MUFG | $21.14 | $14.73 | −30% | vs 601939 |
| Royal Bank of Canada RY | $203.76 | $132.82 | −35% | vs 601939 |
| The Toronto-Dominion Bank, TD | $123.09 | $77.39 | −37% | vs 601939 |
| JPMorgan Chase & Co JPM | $337.34 | $187.04 | −45% | vs 601939 |
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Frequently asked questions
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Key figures of China Construction Bank Co
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