Industrial & Commercial Bank of China stock
601398.SSSHHIndustrial & Commercial Bank of China Ltd., Financial ServicesISIN CNE000001P37
65Score 65 out of 100, Neutral
Price and trend
79 / 100
Price history
+6.1% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 14% above it.
Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 62).
The price is 1.0% below its 52-week high. Largest decline in 20 years: 63% (November 2007 to March 2014).
Chart figures for advanced users
- SMA 50$1.25
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$1.14
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)62
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$1.04
- The lowest closing price of the last twelve months.
- Resistance$1.32
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Industrial & Commercial Bank of China Ltd. belongs to the Banks (Diversified) industry (China) and, with a market value of $464.46B, is number 2 of 33 companies in its industry on MEQIRI.
- In fiscal 2025 it earned $55.27B (up 0.7% year on year).
- For fiscal 2026, analysts expect on average adjusted earnings per share of $0.16 (up 3.6%).
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- MEQIRI Score 65 out of 100 (Neutral): rank 578 of 975 in Financial Services, median 68.
- The P/E is 8.7 (Banks (Diversified) median 8.6, own median of recent years 6.1).
- Our model puts fair value at $1.87, with the price 30% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Below fair valuePrice 30% below the fair value of $1.87.Valuation 97
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 77
- Reliable dividendNo dividend cut for 10 years.Capital allocation 55
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are valuation and technical analysis, while profitability and growth hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 64 to 65.
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $1.56 and expensive above $2.34 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $2.46 (excess return model) and $1.28 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.3%. At 8.3% the fair value would be $1.66, at 6.3% it would be $2.18.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (8.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 18% on the twelve months before. Revenue has grown solidly since 2006, at about 9% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 50%, net 43%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
Fiscal 2025For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 31 Mar 2027in 138 days
- Last reported
- 30 Oct 2026EPS reported $0.04 (expected $0.04)above expectations
Analyst estimates
Earnings estimates have barely changed since 25 Oct 2026.
- Earnings per share
- $0.16+0.4%
- Revenue
- $132.45B−0.1%
- Earnings per share
- $0.16+0.2%
- Revenue
- $140.3B+0.1%
MEQIRI has stored the estimates since 25 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Industrial & Commercial Bank of China
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 65
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Diversified)
The next larger and next smaller companies by market value
- JPMorgan ChaseJPM $910.4B79
- Agricultural Bank of China601288.SS $381.04B64
- Bank of AmericaBAC $348.53B67
- China Construction Bank0939.HK $346.67B67
- Bank of China601988.SS $340.17B65
- HSBC HoldingsHSBC $307.94B69
- Royal Bank of CanadaRY $280.98B74
- Wells FargoWFC $257.44B74
ETFs that hold Industrial & Commercial Bank of China
Held by 108 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares China Large Cap UCITS ETFIQQC | 6.58% | 0.74% | €697.51M |
| iShares Dow Jones China Offshore 50 UCITS ETF (DE)EXXU | 5.59% | 0.62% | €40.6M |
| Amundi MSCI China ESG Selection Extra UCITS ETF AccLCHI | 5.17% | 0.65% | €564.13M |
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| UBS MSCI China Universal UCITS ETF USD disUETC | 4.52% | 0.30% | €132.6M |
| iShares BIC 50 UCITS ETFIQQ9 | 4.32% | 0.74% | €98.42M |
| State Street SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)ZPRA | 4.07% | 0.55% | €225.69M |
| Market Access Stoxx China A Minimum Variance Index UCITS ETFM9SV | 3.53% | 0.45% | €284.44M |
| Deka MSCI China ex A Shares UCITS ETFEL46 | 3.19% | 0.65% | €73.86M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.