Bank of China Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
0.730.69
Price/Sales ratio
N/AN/A
Earnings per Share (EPS)
$19.08$19.96

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
5.744.945.475.574.804.643.363.083.2391.24119.294.80
Price/Sales ratio
2.141.791.861.991.721.581.141.101.1840.8238.541.72
Price/Book Value ratio
0.850.640.630.640.530.470.310.300.309.0010.120.53
Price/Cash Flow ratio
7.671.254.942.361.30-1.798.890.79-64.5425.9156.081.30
Price/Free Cash Flow ratio
10.611.336.092.661.39-1.6619.430.82-18.7226.8777.471.39
Price/Earnings Growth ratio
0.76-0.57-0.531.760.70-21.5413.340.14-3.68-1.253.260.70
Dividend Yield
5.61%7.20%6.46%5.85%8.42%6.99%10.15%10.51%10.72%0.39%0.88%6.99%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%231.44%116.96%100%
Operating Profit Margin
50.75%48.80%45.57%102.57%108.66%43.08%41.41%44.00%112.75%65.75%14.49%43.08%
Pretax Profit Margin
50.87%49.06%46.07%46.23%45.74%45.72%43.57%45.79%46.09%57.03%31.07%45.72%
Net Profit Margin
37.27%36.19%34.09%35.76%35.87%34.19%34.11%35.84%36.69%44.74%24.70%34.19%
Effective Tax Rate
23.44%22.52%17.24%17.01%16.20%19.45%16.75%17.81%16.54%16.65%15.69%19.45%
Return on Assets
1.11%1.01%0.90%0.88%0.84%0.82%0.79%0.81%0.78%0.71%0.68%0.82%
Return On Equity
14.86%13.09%11.65%11.52%11.16%10.12%9.46%9.73%9.33%9.87%9.17%10.12%
Return on Capital Employed
1.53%1.38%1.22%2.56%5.36%2.16%2.01%2.12%4.77%1.05%0.40%2.16%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A22.81N/A
Quick Ratio
10.5931.8130.2740.440.330.300.290.270.28N/A22.810.33
Cash ratio
7.486.356.6918.120.330.300.290.270.28N/A22.810.33
Days of Sales Outstanding
407.11529.00359.72313.44N/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.03N/A0.050.060.05N/AN/A0.020.02N/A0.00N/A
Debt Equity Ratio
0.40N/A0.730.860.75N/AN/A0.270.29N/A0.01N/A
Long-term Debt to Capitalization
0.29N/A0.420.460.42N/AN/A0.210.22N/AN/AN/A
Total Debt to Capitalization
0.29N/A0.420.460.42N/AN/A0.210.22N/A0.01N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.21N/A
Cash Flow to Debt Ratio
0.27N/A0.170.310.54N/AN/A1.36-0.01N/A12.400.54
Company Equity Multiplier
13.3612.8812.8513.0113.1812.2911.9712.0011.9113.8012.4212.42
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.271.420.370.841.31-0.880.121.39-0.011.570.52-0.88
Free Cash Flow / Operating Cash Flow Ratio
0.720.940.810.880.931.080.450.963.440.960.940.93
Cash Flow Coverage Ratio
0.27N/A0.170.310.54N/AN/A1.36-0.01N/A12.400.54
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A12.40N/A
Dividend Payout Ratio
32.28%35.67%35.38%32.60%40.50%32.54%34.19%32.42%34.64%36.04%45.58%40.50%