25 years of historical data (2001–2025) · Communication Services · Telecommunications Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Chunghwa Telecom Co., Ltd. trades at 27.2x earnings, 3187% 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 80%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $33.5B | $32.3B | $29.3B | $30.3B | $28.4B | $32.8B | $30.0B | $28.7B | $27.8B | $27.5B | $24.5B |
| Enterprise Value | $33.5B | $32.3B | $36.2B | $40.2B | $21.7B | $31.9B | $30.3B | $6.1B | $1.9B | $375M | $-4849982805 |
| P/E Ratio → | 27.21 | 0.84 | 0.79 | 0.82 | 0.78 | 0.92 | 0.90 | 0.87 | 0.78 | 0.71 | 0.61 |
| P/S Ratio | 4.46 | 0.14 | 0.13 | 0.14 | 0.13 | 0.16 | 0.14 | 0.16 | 0.13 | 0.12 | 0.11 |
| P/B Ratio | 2.70 | 0.08 | 0.07 | 0.08 | 0.07 | 0.08 | 2.16 | 0.07 | 0.07 | 0.07 | 0.07 |
| P/FCF | — | — | 0.58 | 1.24 | 0.67 | 0.83 | 8.98 | 0.60 | 0.74 | 0.84 | 0.60 |
| P/OCF | — | — | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Chunghwa Telecom Co., Ltd.'s enterprise value stands at 12.5x EBITDA, 3189% above its 5-year average of 0.4x. The Communication Services sector median is 7.5x, placing the stock at a 67% 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 | 12.53 | 0.38 | 0.42 | 0.47 | 0.25 | 0.38 | 0.38 | 0.08 | 0.02 | 0.00 | -0.06 |
| EV / EBIT | 21.70 | 0.67 | 0.75 | 0.85 | 0.46 | 0.69 | 0.70 | 0.15 | 0.04 | 0.01 | -0.10 |
| EV / FCF | — | — | 0.72 | 1.65 | 0.51 | 0.81 | 9.06 | 0.13 | 0.05 | 0.01 | -0.12 |
Margins and return-on-capital ratios measuring operating efficiency
Chunghwa Telecom Co., Ltd. earns an operating margin of 20.6%. ROE of 9.9% is modest. ROIC of 9.2% represents adequate returns on invested capital.
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 | 20.6% | 20.6% | 35.9% | 36.0% | 36.6% | 35.5% | 34.0% | 35.3% | 35.2% | 35.5% | 35.8% |
| Operating Margin | 20.6% | 20.6% | 20.5% | 20.9% | 21.7% | 21.5% | 20.4% | 21.4% | 20.3% | 20.5% | 20.9% |
| Net Profit Margin | 16.6% | 16.6% | 16.3% | 16.7% | 16.9% | 17.0% | 16.1% | 18.4% | 16.5% | 17.1% | 17.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 9.4% | 9.4% | 9.3% | 17.7% | 16.8% | 8.5% | 9.3% | 10.4% | 10.8% |
| ROA | — | — | 7.0% | 7.1% | 7.0% | 13.4% | 13.5% | 7.0% | 7.7% | 8.7% | 8.9% |
| ROIC | 9.2% | 9.2% | 8.7% | 8.8% | 9.1% | 16.7% | 16.9% | 8.0% | 9.3% | 10.2% | 10.5% |
| ROCE | — | — | 10.3% | 10.2% | 10.4% | 19.4% | 19.9% | 9.4% | 11.0% | 12.0% | 12.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.03 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | — | — | 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 | — | 0.00 | 0.08 | 0.11 | -0.08 | -0.01 | 0.00 | -0.30 | -0.33 | -0.35 | -0.36 |
| Debt / FCF | — | — | 0.14 | 0.40 | -0.16 | -0.02 | 0.08 | -0.47 | -0.70 | -0.83 | -0.71 |
| Interest Coverage | — | — | 138.27 | 145.31 | 178.04 | 206.10 | 205.64 | 11382.29 | 2480.32 | 2131.29 | 2428.58 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 1.52x to 1.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 1.38 | 1.52 | 1.50 | 1.37 | 1.14 | 1.42 | 1.49 | 1.32 | 1.36 |
| Quick Ratio | — | — | 1.21 | 1.32 | 1.29 | 1.16 | 0.96 | 1.12 | 1.21 | 1.14 | 1.20 |
| Cash Ratio | 0.71 | — | 0.71 | 0.77 | 0.78 | 0.65 | 0.49 | 0.63 | 0.61 | 0.57 | 0.63 |
| Asset Turnover | — | — | 0.43 | 0.42 | 0.41 | 0.41 | 11.51 | 0.38 | 0.46 | 0.50 | 0.51 |
| Inventory Turnover | 10.40 | — | 10.40 | 10.31 | 9.30 | 9.54 | 310.28 | 5.90 | 7.95 | 13.47 | 16.04 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Chunghwa Telecom Co., Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 3.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | — | — | 99.2% | 98.7% | 98.3% | 93.8% | 98.1% | 105.5% | 104.8% | 98.6% | 106.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 119.6% | 127.2% | 121.8% | 128.5% | 109.0% | 111.3% | 114.4% | 127.7% | 141.1% | 163.5% |
| FCF Yield | — | — | 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 | 0.0% | 0.0% | 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 |
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 | $34B | 27.2 | 12.5 | — | 20.6% | 20.6% | 9.9% | 9.2% | — |
| VZ | $211B | 12.3 | 8.3 | 10.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
| T | $196B | 9.2 | 7.4 | 10.1 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| TBB | $139B | 7.5 | 6.1 | 7.2 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| AMX | $78B | 17.4 | 6.3 | 11.2 | 42.9% | 21.0% | 18.1% | 11.2% | 2.6 |
| VOD | $36B | -8.1 | 7.3 | 3.5 | 33.4% | -1.1% | -7.0% | -0.3% | 5.5 |
| VIV | $27B | 25.8 | 6.7 | 13.2 | 43.9% | 15.5% | 8.0% | 7.8% | 0.9 |
| BCE | $25B | 200.0 | 6.6 | 13.1 | 68.4% | 22.7% | 1.8% | 7.6% | 3.6 |
| TEF | $24B | -65.1 | 5.2 | 4.0 | 69.6% | 5.8% | -0.2% | 2.9% | 4.0 |
| TU | $21B | 26.1 | 9.1 | 12.5 | 33.8% | 11.5% | 6.7% | 3.9% | 4.9 |
| TLK | $21B | 15.0 | 5.3 | 11.1 | 67.9% | 28.7% | 14.8% | 16.1% | 1.0 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 25 years · Updated daily
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Start ComparisonChunghwa Telecom Co., Ltd.'s current P/E ratio is 27.2x. The historical average is 0.6x. This places it at the 100th percentile of its historical range.
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.
Chunghwa Telecom Co., Ltd.'s return on equity (ROE) is 9.9%. The historical average is 12.1%.
Based on historical data, Chunghwa Telecom Co., Ltd. is trading at a P/E of 27.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Chunghwa Telecom Co., Ltd. has 20.6% gross margin and 20.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.