China Construction Bank Co (601939) fair value: what the stock is really worth
We calculate from audited financials what China Construction Bank Co is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
Below-average quality, trading 40% below our fair value of ¥18.21.
As of Aug 19, 2026, the fair value of China Construction Bank Co is ¥18.21 per share against a price of ¥10.95, so the fair value sits 66% above the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 19, 2026
From 6 valuation models · updated 22 days ago
Share price +7.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥13.66). The market is more pessimistic than our downside scenario.
- Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
60‑month range ¥4.92 – ¥11.14 · fair‑value band ¥13.66 – ¥22.76 · the ¥10.95 price screens below the ¥18.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.
Analysis
China Construction Bank Co (601939) currently trades at ¥10.95, while our model-based Fair Value estimate is ¥18.21, implying the stock looks roughly 39.9% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of ¥17.20 per share, and 3 of the 6 models we run sit above the ¥10.95 price. Bear case: the Dividend Discount group reads lowest at ¥7.27, and 3 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Construction Bank Co generated revenue of 614B CNY at a net margin of 55.6%. Revenue grew 5.0% year over year. It earns a return on equity of 9.6%. Net debt stands at 7.0T CNY. Fundamentals as of Aug 19, 2026
Scenario range: ¥13.66 (bear) to ¥22.76 (bull), the price of ¥10.95 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 66%, 601939 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.6315 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 6 models by family
Widest divergence: Multiples (¥17.20) versus Dividend Discount (¥7.27). Highest evidence: Residual Income (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 73
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
of which total revenue +6.5 % · buybacks/dilution −0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- China Construction Bank (CICHY) Upgraded to Buy: Here's Why
- Should Value Investors Buy China Construction Bank (CICHY) Stock?
- Are Investors Undervaluing China Construction Bank (CICHY) Right Now?
- Bears are Losing Control Over China Construction Bank (CICHY), Here's Why It's a 'Buy' Now
Peer Group
Banks - Diversified · 48 stocks
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.
Valuation Multiples vs Banks - Diversified median · lower = cheaper
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
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 (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JPMorgan Chase & Co JPM | $358.64 | $217.97 | −39% |
| Bank of America Corporation BAC | $62.68 | $50.87 | −19% |
| Industrial and Commercial Bank of China Limited 601398 | ¥7.97 | ¥14.44 | +81% |
| HSBC Holdings HSBC | $106.26 | $75.89 | −29% |
| Agricultural Bank of China Limited 601288 | ¥6.96 | ¥12.94 | +86% |
| Royal Bank of Canada RY | C$285.59 | C$151.80 | −47% |
| Bank of China Limited 601988 | ¥6.14 | ¥11.24 | +83% |
| Wells Fargo & Company WFC | $89.97 | $79.60 | −12% |
| Mitsubishi UFJ Financial Group MUFG | $24.09 | $20.44 | −15% |
| Citigroup Inc C | $137.72 | $117.65 | −15% |
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