Chunghwa Telecom Co., Ltd. (CHT) Financial Ratios
25 years of historical data (2001–2025) · Communication Services · Telecommunications Services
EV/EBITDA
↓
12.48
↑+3194% vs avg
5yr avg: 0.38
30Y Low0.0·High0.5
P/FCF
↓
22.35
↑+2707% vs avg
5yr avg: 0.80
30Y Low0.3·High9.0
P/B Ratio
↓
2.76
↑+3455% vs avg
5yr avg: 0.08
30Y Low0.0·High2.2
ROE
↓
9.7%
-13% vs avg
5yr avg: 11.1%
30Y Low9%·High18%
Debt/EBITDA
↓
0.43
↓-11% vs avg
5yr avg: 0.48
30Y Low0.0·High0.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CHT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Chunghwa Telecom Co., Ltd. trades at 28.6x earnings, 3360% above its 5-year average of 0.8x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.1x, the stock trades at a premium of 89%. On a free-cash-flow basis, the stock trades at 22.3x P/FCF, 2707% above the 5-year average of 0.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $35.0B | $32.3B | $29.3B | $30.3B | $28.4B | $32.8B | $30.0B | $28.7B | $27.8B | $27.5B | $24.5B |
| Enterprise Value | $35.0B | $33.3B | $36.2B | $40.2B | $21.7B | $31.9B | $30.3B | $6.1B | $1.9B | $375M | $-4849982805 |
| P/E Ratio → | 28.64 | 0.84 | 0.79 | 0.82 | 0.78 | 0.92 | 0.90 | 0.87 | 0.78 | 0.71 | 0.61 |
| P/S Ratio | 4.72 | 0.14 | 0.13 | 0.14 | 0.13 | 0.16 | 0.14 | 0.16 | 0.13 | 0.12 | 0.11 |
| P/B Ratio | 2.76 | 0.08 | 0.07 | 0.08 | 0.07 | 0.08 | 2.16 | 0.07 | 0.07 | 0.07 | 0.07 |
| P/FCF | 22.35 | 0.65 | 0.58 | 1.24 | 0.67 | 0.83 | 8.98 | 0.60 | 0.74 | 0.84 | 0.60 |
| P/OCF | 14.30 | 0.42 | 0.37 | 0.41 | 0.37 | 0.44 | 0.40 | 0.40 | 0.42 | 0.39 | 0.38 |
P/E links to full P/E history page with 30-year chart
CHT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Chunghwa Telecom Co., Ltd.'s enterprise value stands at 12.5x EBITDA, 3194% above its 5-year average of 0.4x. The Communication Services sector median is 9.7x, placing the stock at a 29% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.14 | 0.16 | 0.18 | 0.10 | 0.15 | 0.15 | 0.03 | 0.01 | 0.00 | -0.02 |
| EV / EBITDA | 12.48 | 0.37 | 0.42 | 0.47 | 0.25 | 0.38 | 0.38 | 0.08 | 0.02 | 0.00 | -0.06 |
| EV / EBIT | 22.80 | 0.66 | 0.75 | 0.85 | 0.46 | 0.69 | 0.70 | 0.15 | 0.04 | 0.01 | -0.10 |
| EV / FCF | — | 0.67 | 0.72 | 1.65 | 0.51 | 0.81 | 9.06 | 0.13 | 0.05 | 0.01 | -0.12 |
CHT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Chunghwa Telecom Co., Ltd. earns an operating margin of 20.7%, significantly above the Communication Services sector average of 1.5%. ROE of 9.7% is modest. ROIC of 9.1% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5% | 36.5% | 35.9% | 36.0% | 36.6% | 35.5% | 34.0% | 35.3% | 35.2% | 35.5% | 35.8% |
| Operating Margin | 20.7% | 20.7% | 20.5% | 20.9% | 21.7% | 21.5% | 20.4% | 21.4% | 20.3% | 20.5% | 20.9% |
| Net Profit Margin | 16.5% | 16.5% | 16.3% | 16.7% | 16.9% | 17.0% | 16.1% | 18.4% | 16.5% | 17.1% | 17.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 9.7% | 9.4% | 9.4% | 9.3% | 17.7% | 16.8% | 8.5% | 9.3% | 10.4% | 10.8% |
| ROA | 7.2% | 7.2% | 7.0% | 7.1% | 7.0% | 13.4% | 13.5% | 7.0% | 7.7% | 8.7% | 8.9% |
| ROIC | 9.1% | 9.1% | 8.7% | 8.8% | 9.1% | 16.7% | 16.9% | 8.0% | 9.3% | 10.2% | 10.5% |
| ROCE | 10.7% | 10.7% | 10.3% | 10.2% | 10.4% | 19.4% | 19.9% | 9.4% | 11.0% | 12.0% | 12.3% |
CHT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Chunghwa Telecom Co., Ltd. carries a Debt/EBITDA ratio of 0.4x, which is very conservative (88% below the sector average of 3.7x). Net debt stands at $929M ($38.0B total debt minus $37.1B cash). Interest coverage of 136.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.03 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.43 | 0.43 | 0.50 | 0.51 | 0.50 | 0.47 | 0.02 | 0.15 | 0.02 | 0.02 | 0.02 |
| Net Debt / Equity | — | 0.00 | 0.02 | 0.03 | -0.02 | -0.00 | 0.02 | -0.06 | -0.07 | -0.07 | -0.08 |
| Net Debt / EBITDA | 0.01 | 0.01 | 0.08 | 0.11 | -0.08 | -0.01 | 0.00 | -0.30 | -0.33 | -0.35 | -0.36 |
| Debt / FCF | — | 0.02 | 0.14 | 0.40 | -0.16 | -0.02 | 0.08 | -0.47 | -0.70 | -0.83 | -0.71 |
| Interest Coverage | 136.86 | 136.86 | 142.12 | 148.36 | 180.48 | 212.32 | 208.89 | 12286.42 | 2557.63 | 2172.76 | 2469.69 |
CHT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.48x means Chunghwa Telecom Co., Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.48 | 1.48 | 1.38 | 1.52 | 1.50 | 1.37 | 1.14 | 1.42 | 1.49 | 1.32 | 1.36 |
| Quick Ratio | 1.48 | 1.48 | 1.21 | 1.32 | 1.29 | 1.16 | 0.96 | 1.12 | 1.21 | 1.14 | 1.20 |
| Cash Ratio | 0.73 | 0.73 | 0.71 | 0.77 | 0.78 | 0.65 | 0.49 | 0.63 | 0.61 | 0.57 | 0.63 |
| Asset Turnover | — | 0.44 | 0.43 | 0.42 | 0.41 | 0.41 | 11.51 | 0.38 | 0.46 | 0.50 | 0.51 |
| Inventory Turnover | — | — | 10.40 | 10.31 | 9.30 | 9.54 | 310.28 | 5.90 | 7.95 | 13.47 | 16.04 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CHT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Chunghwa Telecom Co., Ltd. returns 3.5% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 100.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 100.8% | 100.8% | 99.2% | 98.7% | 98.3% | 93.8% | 98.1% | 105.5% | 104.8% | 98.6% | 106.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 119.6% | 127.2% | 121.8% | 128.5% | 109.0% | 111.3% | 114.4% | 127.7% | 141.1% | 163.5% |
| FCF Yield | 4.5% | 153.4% | 171.7% | 80.4% | 149.7% | 119.8% | 11.1% | 167.2% | 134.3% | 119.0% | 167.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $775M | $777M | $777M | $777M | $777M | $776M | $777M | $777M | $777M | $777M |
Peer Comparison
Compare CHT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CHTYou | $35B | 28.6 | 12.5 | 22.3 | 36.5% | 20.7% | 9.7% | 9.1% | 0.4 |
 SKM | $13B | 50.3 | 6.3 | 11.5 | 19.0% | 6.3% | 3.4% | 3.8% | 2.3 |
 KT | $9B | 7.7 | 3.4 | 9.7 | 64.0% | 9.2% | 9.2% | 7.2% | 1.9 |
 PHI | $4B | 7.7 | 5.0 | 9.9 | 59.6% | 24.9% | 25.1% | 9.1% | 3.1 |
 VIV | $21B | 18.0 | 5.6 | 9.9 | 40.4% | 15.2% | 8.7% | 7.6% | 1.3 |
 TLK | $14B | 14.2 | 4.1 | 6.7 | 67.1% | 23.3% | 11.2% | 12.9% | 1.0 |
 T | $159B | 7.5 | 7.0 | 8.2 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $195B | 11.5 | 7.9 | 9.7 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $200B | 19.0 | 9.8 | 19.3 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 LUMN | $8B | -4.5 | 9.7 | 21.8 | 46.5% | -1.5% | — | -0.8% | 6.9 |
 CSCO | $478B | 47.5 | 34.0 | 35.9 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
| Communication Services Median | — | 15.1 | 9.7 | 11.0 | 48.8% | 1.5% | 1.5% | 2.6% | 3.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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CHT — Frequently Asked Questions
Quick answers to the most common questions about buying CHT stock.
What is Chunghwa Telecom Co., Ltd.'s P/E ratio?
Chunghwa Telecom Co., Ltd.'s current P/E ratio is 28.6x. The historical average is 0.6x. This places it at the 100th percentile of its historical range.
What is Chunghwa Telecom Co., Ltd.'s EV/EBITDA?
Chunghwa Telecom Co., Ltd.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.2x.
What is Chunghwa Telecom Co., Ltd.'s ROE?
Chunghwa Telecom Co., Ltd.'s return on equity (ROE) is 9.7%. The historical average is 12.1%.
Is CHT stock overvalued?
Based on historical data, Chunghwa Telecom Co., Ltd. is trading at a P/E of 28.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Chunghwa Telecom Co., Ltd.'s dividend yield?
Chunghwa Telecom Co., Ltd.'s current dividend yield is 3.52% with a payout ratio of 100.8%.
What are Chunghwa Telecom Co., Ltd.'s profit margins?
Chunghwa Telecom Co., Ltd. has 36.5% gross margin and 20.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Chunghwa Telecom Co., Ltd. have?
Chunghwa Telecom Co., Ltd.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.