The Agricultural Bank of China (ABC), also known as AgBank, is one of the “Big Four” banks in China. Founded on July 10, 1951, it is headquartered in Dongcheng District, Beijing. ABC operates branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore. With 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches, ABC is China’s third-largest lender by assets.
| Website | abchina.com |
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ABC went public in mid-2010, marking the world’s biggest ever initial public offering (IPO) at that time, since overtaken by Saudi Aramco. It has consistently ranked high in various global financial rankings, including eighth among the Top 1000 World Banks in 2011, third in Forbes’ Global 2000 list in 2015, fifth in 2017, and fourth in 2023. ABC is considered a systemically important bank by the Financial Stability Board.
Market Capitalization of Agricultural Bank of China (601288.SS)
- Market Cap as of May 2024: $207.64 billion
- This makes ABC the world’s 57th most valuable company by market cap.
- Market capitalization, or market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure a company’s worth.
Revenue for Agricultural Bank of China (601288.SS)
- Revenue in 2023 (TTM): $96.31 billion
- Revenue in 2022: $103.82 billion
- Revenue in 2021: $111.19 billion
Revenue represents the total income generated from the sale of goods or services without subtracting expenses.
Earnings for Agricultural Bank of China (601288.SS)
- Earnings in 2023 (TTM): $42.33 billion
- Earnings in 2022: $45.37 billion
- Earnings in 2021: $45.70 billion
The earnings displayed are the company’s pretax income.
Stock Price History for Agricultural Bank of China (601288.SS)
- Highest End of Day Price: 4.750000 CNY ($0.75 USD) on February 5, 2018
- Lowest End of Day Price: 2.290000 CNY ($0.37 USD) on March 10, 2014
P/E Ratio for Agricultural Bank of China (601288.SS)
- P/E Ratio as of May 2024 (TTM): 5.87
- At the end of 2022, the P/E ratio was 4.22.
- The price-to-earnings (P/E) ratio measures the company’s current share price relative to its per-share earnings.
P/S Ratio for Agricultural Bank of China (601288.SS)
- P/S Ratio as of May 2024 (TTM): 2.15
- At the end of 2023, the P/S ratio was 1.79.
- The price-to-sales (P/S) ratio compares the company’s stock price to its revenue.
P/B Ratio for Agricultural Bank of China (601288.SS)
- P/B Ratio as of May 2024: 0.4993
- The price-to-book (P/B) ratio measures the stock market’s valuation of a company compared to its book value.
Operating Margin for Agricultural Bank of China (601288.SS)
- Operating Margin as of May 2024 (TTM): 42.82%
- At the end of 2022, the operating margin was 42.24%.
- Operating margin is the percentage of revenue that remains after paying for variable costs of production.
Total Assets for AgriculturalBank of China (601288.SS)
- As of March 2024: $5.838 trillion
- Total assets include all current and non-current assets, such as inventories, cash and cash equivalents, properties, and equipment.
Number of Shares Outstanding for AgriculturalBank of China (601288.SS)
- As of May 2024: 370,452,631,579 shares
- The number of outstanding shares can be influenced by stock splits and share buybacks.
Cash on Hand for Agricultural Bank of China (601288.SS)
- As of September 2022: $545.90 billion
- Cash on hand includes cash and cash equivalents, as well as short-term investments.
This detailed overview of the AgriculturalBank of China provides comprehensive insights into the bank’s market position, financial performance, and historical background, useful for investors and financial analysts.
