Chunghwa Telecom (CHT) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Chunghwa Telecom (CHT), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

CHT

GSPC

Chunghwa Telecom (CHT) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Chunghwa Telecom (CHT) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
1-Year Return	5.56%	34.69%

Risk

Drawdown

CHT

GSPC

Chunghwa Telecom (CHT) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
1-Year Volatility	13.17%	37.68%
Beta	0.27	0.70

Company Profile

Chunghwa Telecom (CHT) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Chunghwa Telecom (CHT)
Profile Item	CHT
Name	Chunghwa Telecom Co., Ltd. Sponsored ADR
Country/Region	Taiwan
GICS Sector	Communication Services
GICS Industry Group	Telecommunication Services
GICS Industry	Diversified Telecommunication Services
GICS Sub-Industry	Integrated Telecommunication Services
Market Capitalization	35.75 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 18, 2003
Security Type	ADR

Valuation

Price-to-Earnings Ratio (TTM)

Chunghwa Telecom (CHT) trades at P/E ratio of 28.99, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

CHT

Telecommunication Services industry group

28.99

Group distribution

Max: 36.60
CHT: 28.99
Q3: 21.85
Median: 16.62
Q1: 8.57
Min: 2.87

Largest peers

CHT: 28.99
TMUS: 20.07
AMX: 16.62
VZ: 11.73
T: 7.76
VOD: --
SATS: --

Where Chunghwa Telecom (CHT) stands on P/E ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Chunghwa Telecom (CHT) trades at 0.15 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

CHT

Telecommunication Services industry group

0.15

Group distribution

Max: 3.67
Q3: 2.31
Median: 0.90
Q1: 0.39
CHT: 0.15
Min: 0.00

Largest peers

TMUS: 2.26
SATS: 2.23
VZ: 1.44
T: 1.29
VOD: 0.88
CHT: 0.15
AMX: 0.09

Where Chunghwa Telecom (CHT) stands on P/S ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Chunghwa Telecom (CHT) trades at 11.41 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

CHT

Telecommunication Services industry group

11.41

Group distribution

CHT: 11.41
Max: 8.01
Q3: 4.28
Median: 1.88
Q1: 0.80
Min: 0.01

Largest peers

CHT: 11.41
SATS: 5.86
AMX: 3.89
TMUS: 3.67
VZ: 1.94
T: 1.50
VOD: 1.23

Where Chunghwa Telecom (CHT) stands on P/B ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Price-to-Earnings Ratio (TTM)	28.99	16.62
Price-to-Sales Ratio (TTM)	0.15	0.90
Price-to-Book Ratio (MRQ)	11.41	1.88
Free Cash Flow Yield	119.47%	10.77%

Profitability

Return on Equity (TTM)

Chunghwa Telecom (CHT) posts ROE of 9.99%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

CHT

Telecommunication Services industry group

9.99%

Group distribution

Max: 43.27%
Q3: 17.95%
CHT: 9.99%
Median: 6.68%
Q1: -17.20%
Min: -47.97%

Largest peers

AMX: 21.13%
T: 18.37%
TMUS: 18.03%
VZ: 17.20%
CHT: 9.99%
VOD: 0.11%
SATS: -112.28%

Where Chunghwa Telecom (CHT) stands on ROE within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Chunghwa Telecom (CHT) keeps 16.24% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

CHT

Telecommunication Services industry group

16.24%

Group distribution

Max: 41.74%
CHT: 16.24%
Q3: 12.36%
Median: 5.02%
Q1: -11.20%
Min: -31.47%

Largest peers

T: 16.94%
CHT: 16.24%
VZ: 12.46%
TMUS: 11.65%
AMX: 9.23%
VOD: -0.98%
SATS: -97.56%

Where Chunghwa Telecom (CHT) stands on net margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Chunghwa Telecom (CHT) turns 21.84% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

CHT

Telecommunication Services industry group

21.84%

Group distribution

Max: 35.60%
CHT: 21.84%
Q3: 21.32%
Median: 12.69%
Q1: 4.41%
Min: -8.71%

Largest peers

VZ: 25.19%
TMUS: 24.01%
T: 22.72%
CHT: 21.84%
AMX: 21.33%
SATS: 8.91%
VOD: 7.78%

Where Chunghwa Telecom (CHT) stands on operating margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Return on Equity (TTM)	9.99%	6.68%
Return on Assets (TTM)	5.67%	2.86%
Net Profit Margin (TTM)	16.24%	5.02%
Operating Profit Margin (TTM)	21.84%	12.69%
Gross Profit Margin (TTM)	36.67%	56.37%

Financial Strength

Current Ratio (MRQ)

Chunghwa Telecom (CHT) has current ratio of 1.64, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

CHT

Telecommunication Services industry group

1.64

Group distribution

Max: 2.39
Q3: 1.66
CHT: 1.64
Median: 1.11
Q1: 0.92
Min: 0.25

Largest peers

CHT: 1.64
VOD: 1.14
TMUS: 1.09
T: 0.92
AMX: 0.72
VZ: 0.64
SATS: 0.30

Where Chunghwa Telecom (CHT) stands on current ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Chunghwa Telecom (CHT) has debt-to-equity ratio of 0.10, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

CHT

Telecommunication Services industry group

0.10

Group distribution

Max: 3.82
Q3: 2.12
Median: 1.02
Q1: 0.65
CHT: 0.10
Min: 0.00

Largest peers

SATS: 5.15
TMUS: 2.19
VZ: 1.92
AMX: 1.71
T: 1.25
VOD: 1.00
CHT: 0.10

Where Chunghwa Telecom (CHT) stands on debt-to-equity ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Current Ratio (MRQ)	1.64	1.11
Debt-to-Equity Ratio (MRQ)	0.10	1.02
Net Debt / EBITDA	-0.30	3.82

Dividends

Dividend Yield (TTM)

Chunghwa Telecom (CHT) has dividend yield of 3.59%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

CHT

Telecommunication Services industry group

3.59%

Group distribution

Max: 8.73%
Q3: 3.71%
CHT: 3.59%
Median: 0.44%
Q1: 0.00%
Min: 0.00%

Largest peers

VZ: 5.88%
T: 4.71%
CHT: 3.59%
VOD: 3.56%
TMUS: 2.16%
AMX: 2.04%
SATS: 0.00%

Where Chunghwa Telecom (CHT) stands on dividend yield within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Chunghwa Telecom (CHT) has payout ratio of 96.91%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

CHT

Telecommunication Services industry group

96.91%

Group distribution

Max: 149.01%
CHT: 96.91%
Q3: 60.13%
Median: 7.71%
Q1: 0.00%
Min: 0.00%

Largest peers

VOD: 101.44%
CHT: 96.91%
VZ: 67.44%
TMUS: 40.38%
T: 36.51%
AMX: 36.06%
SATS: 0.00%

Where Chunghwa Telecom (CHT) stands on payout ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Dividend Yield (TTM)	3.59%	0.44%
Dividend Payout Ratio (TTM)	96.91%	7.71%