China Merchants Bank Co. Ltd Net Assets

Latest as of March 2026: €1.29 Trillion EUR ≈ $1.51 Trillion USD

China Merchants Bank Co. Ltd net assets. Based on the latest financial reports, China Merchants Bank Co. Ltd (M4B) has net assets worth €1.29 Trillion EUR (≈ $1.51 Trillion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.48 Trillion ≈ $15.77 Trillion USD) and total liabilities (€12.19 Trillion ≈ $14.26 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore M4B net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.29 Trillion
% of Total Assets	9.57%
Annual Growth Rate	14.0%
5-Year Change	47.96%
10-Year Change	217.56%
Growth Volatility	4.28

Net Assets of China Merchants Bank Co. Ltd (2013–2025)

Net assets of China Merchants Bank Co. Ltd from 2013 to 2025. This chart illustrates how China Merchants Bank Co. Ltd's net assets have evolved over time, based on quarterly financial data. See China Merchants Bank Co. Ltd (M4B) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for China Merchants Bank Co. Ltd (2013–2025)

The table below shows the annual net assets of China Merchants Bank Co. Ltd from 2013 to 2025. For live market cap and overall valuation, see China Merchants Bank Co. Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	€1.28 Trillion ≈ $1.50 Trillion	+3.84%
2024-12-31	€1.23 Trillion ≈ $1.44 Trillion	+13.61%
2023-12-31	€1.09 Trillion ≈ $1.27 Trillion	+13.78%
2022-12-31	€954.24 Billion ≈ $1.12 Trillion	+10.23%
2021-12-31	€865.68 Billion ≈ $1.01 Trillion	+18.53%
2020-12-31	€730.35 Billion ≈ $853.86 Billion	+18.24%
2019-12-31	€617.71 Billion ≈ $722.16 Billion	+13.63%
2018-12-31	€543.61 Billion ≈ $635.53 Billion	+12.46%
2017-12-31	€483.39 Billion ≈ $565.14 Billion	+19.84%
2016-12-31	€403.36 Billion ≈ $471.57 Billion	+11.50%
2015-12-31	€361.76 Billion ≈ $422.93 Billion	+14.82%
2014-12-31	€315.06 Billion ≈ $368.34 Billion	+18.46%
2013-12-31	€265.96 Billion ≈ $310.93 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Merchants Bank Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 275.7% over the analyzed period, indicating profitable operations and earnings retention.

China Merchants Bank Co. Ltd Net Assets Breakdown (December 2025)

China Merchants Bank Co. Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	€679.81 Billion	53.41%
Other Components	€593.07 Billion	46.59%
Total Equity	€1.27 Trillion	100.00%

China Merchants Bank Co. Ltd Competitors by Market Cap

The table below lists competitors of China Merchants Bank Co. Ltd ranked by their market capitalization.

Company	Market Cap
NTPC Limited NSE:NTPC	$33.16 Billion
Sunbelt Rentals Holdings, Inc. NYSE:SUNB	$33.24 Billion
Intact Financial Corporation TO:IFC	$33.25 Billion
Flex Ltd F:FXI	$33.37 Billion
Ping An Bank Co Ltd SHE:000001	$33.05 Billion
Crown Castle NYSE:CCI	$33.03 Billion
LEONARDO ADR 1/2/EO 440 F:FMN	$33.03 Billion
Kongsberg Gruppen ASA OL:KOG	$32.93 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Merchants Bank Co. Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,226,014,000,000 to 1,272,875,000,000, a change of 46,861,000,000 (3.8%).
Net income of 150,181,000,000 contributed positively to equity growth.
Dividend payments of 61,752,000,000 reduced retained earnings.
Other factors decreased equity by 41,568,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€150.18 Billion	+11.8%
Dividends Paid	€61.75 Billion	-4.85%
Other Changes	€-41.57 Billion	-3.27%
Total Change	€-	3.82%

Book Value vs Market Value Analysis

This analysis compares China Merchants Bank Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.12x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.32x to 0.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	€19.04	€6.16	x
2018-12-31	€21.42	€6.16	x
2019-12-31	€24.24	€6.16	x
2020-12-31	€28.70	€6.16	x
2021-12-31	€34.05	€6.16	x
2022-12-31	€37.49	€6.16	x
2023-12-31	€42.68	€6.16	x
2024-12-31	€48.61	€6.16	x
2025-12-31	€50.47	€6.16	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Merchants Bank Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.80%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 45.23%
• Asset Turnover: 0.03x
• Equity Multiplier: 10.27x
Recent ROE (11.80%) is below the historical average (14.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	19.49%	42.28%	0.03x	15.13x	€25.20 Billion
2014	17.78%	41.67%	0.03x	15.05x	€24.47 Billion
2015	15.99%	40.57%	0.03x	15.17x	€21.62 Billion
2016	15.43%	29.75%	0.04x	14.77x	€21.85 Billion
2017	14.61%	31.90%	0.03x	13.11x	€22.13 Billion
2018	14.92%	32.58%	0.04x	12.49x	€26.55 Billion
2019	15.19%	34.65%	0.04x	12.13x	€31.74 Billion
2020	13.45%	33.85%	0.03x	11.55x	€24.97 Billion
2021	13.96%	36.65%	0.04x	10.77x	€34.05 Billion
2022	14.60%	40.32%	0.03x	10.72x	€43.46 Billion
2023	13.62%	43.55%	0.03x	10.25x	€38.97 Billion
2024	12.10%	44.31%	0.03x	9.91x	€25.79 Billion
2025	11.80%	45.23%	0.03x	10.27x	€22.89 Billion

Industry Comparison

This section compares China Merchants Bank Co. Ltd's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $4,820,365,636,700
Average return on equity (ROE) among peers: 8.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Merchants Bank Co. Ltd (M4B)	€1.29 Trillion	19.49%	9.45x	$33.07 Billion
Grupo Supervielle S.A (189A)	$23.44 Billion	-9.18%	5.34x	$487.93 Million
WOORI FIN. GRP SP.ADR/3 (2WGA)	$35.90 Trillion	8.60%	13.65x	$11.06 Billion
Bank of Zhengzhou Co. Ltd (3BZ)	$37.86 Billion	8.08%	11.31x	$219.68 Million
Manx Financial Group PLC (3IM)	$35.98 Million	14.70%	12.36x	$31.80 Million
Postal Savings Bank of China Co Ltd (3YB)	$795.55 Billion	9.57%	14.82x	$14.54 Billion
PO.S.B.O. UNSP.ADRS/20YC1 (3YB0)	$1.03 Trillion	8.38%	15.56x	$13.93 Billion
TISCO Financial Group Public Company Limited (47TA)	$39.20 Billion	18.55%	6.61x	$2.59 Billion
Bank of Qingdao Co. Ltd (4BQ)	$30.91 Billion	7.75%	13.88x	$1.47 Billion
Harbin Bank Co. Ltd (5H6)	$47.49 Billion	11.68%	11.96x	$109.58 Million
JAPAN POST BK UNSP.ADR/1 (5JP0)	$10.30 Trillion	3.45%	21.61x	$53.42 Billion

About China Merchants Bank Co. Ltd

F:M4B Germany Banks - Regional

Market Cap

$33.07 Billion

€28.29 Billion EUR

Market Cap Rank

#807 Global

#177 in Germany

Share Price

€6.16

Change (1 day)

+2.84%

52-Week Range

€4.83 - €6.16

All Time High

€6.16