Chunghwa Telecom (CHT) Stock Analysis

July 23, 2026

This is a peer-relative look at Chunghwa Telecom (CHT): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Telecommunication Services peers, so every number reads in context rather than in isolation.

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	33.37 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 18, 2003
Security Type	ADR

Price 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Chunghwa Telecom (CHT) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Total Return (1Y)	2.12%	11.77%
Total Return (3Y, Annualized)	9.40%	13.32%
Total Return (5Y, Annualized)	5.78%	1.74%

Risk Profile

Drawdown History

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.

Return Distribution

Loading price history…

Distribution of monthly total returns for Chunghwa Telecom (CHT) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Volatility (1Y, Annualized)	13.21%	39.61%
Beta (5Y)	0.28	0.67
Max Drawdown (5Y)	-23.70%	-59.43%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CHT is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Sharpe Ratio (1Y)	-0.14	0.25
Sortino Ratio (1Y)	-0.21	0.40

Profitability

ROE (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: 18.03%
CHT: 9.99%
Median: 7.35%
Q1: -7.60%
Min: -37.75%

Largest peers

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

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 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: -45.00%

Largest peers

T: 16.94%
CHT: 16.24%
VZ: 12.46%
TMUS: 11.65%
AMX: 9.23%
VOD: -0.98%
SPCX: -45.00%

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 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%
VOD: 7.78%
SPCX: -41.63%

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 Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
ROE (TTM)	9.99%	7.35%
ROA (TTM)	5.67%	2.94%
Net Margin (TTM)	16.24%	5.02%
Operating Margin (TTM)	21.84%	12.69%
Gross Margin (TTM)	36.67%	56.37%

Growth

Revenue Growth

Chunghwa Telecom (CHT) grew revenue 2.70%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Chunghwa Telecom (CHT): Revenue Growth across different time periods, set against Telecommunication Services industry-group medians.

EPS Growth

Chunghwa Telecom (CHT) grew earnings per share 3.97%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Chunghwa Telecom (CHT): EPS Growth across different time periods, set against Telecommunication Services industry-group medians.

Growth Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Revenue Growth (YoY)	2.70%	4.62%
Revenue Growth (3Y CAGR)	2.86%	3.53%
EPS Growth (YoY)	3.97%	-0.66%
EPS Growth (3Y CAGR)	1.95%	16.88%

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
SPCX: 1.22
VOD: 1.14
TMUS: 1.09
T: 0.92
AMX: 0.72
VZ: 0.64

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 / Equity (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: 2.05
Median: 1.00
Q1: 0.66
CHT: 0.10
Min: 0.00

Largest peers

TMUS: 2.19
VZ: 1.92
AMX: 1.71
T: 1.27
VOD: 1.00
SPCX: 0.74
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 Metrics

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 / Equity (MRQ)	0.10	1.00
Net Debt / EBITDA	-0.30	3.80

Dividends

Dividend Yield (TTM)

Chunghwa Telecom (CHT) has dividend yield of 12.21%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

CHT

Telecommunication Services industry group

12.21%

Group distribution

CHT: 12.21%
Max: 12.21%
Q3: 5.29%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CHT: 12.21%
VZ: 6.36%
T: 5.06%
AMX: 2.07%
TMUS: 2.01%
VOD: 0.30%
SPCX: 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: 128.57%
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: 37.37%
AMX: 36.06%
SPCX: 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.

Dividend Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
Dividend Yield (TTM)	12.21%	0.00%
Dividend Payout Ratio (TTM)	96.91%	7.71%

Valuation

P/E Ratio (TTM)

Chunghwa Telecom (CHT) trades at P/E ratio of 27.23, 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

27.23

Group distribution

Max: 36.00
CHT: 27.23
Q3: 20.99
Median: 15.81
Q1: 8.69
Min: 2.46

Largest peers

CHT: 27.23
TMUS: 20.78
AMX: 15.81
VZ: 10.60
T: 7.40
SPCX: --
VOD: --

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.

P/S Ratio (TTM)

Chunghwa Telecom (CHT) trades at 0.14 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

0.14

Group distribution

Max: 5.15
Q3: 2.35
Median: 0.84
Q1: 0.39
CHT: 0.14
Min: 0.00

Largest peers

SPCX: 84.32
TMUS: 2.28
VZ: 1.31
T: 1.22
VOD: 0.87
CHT: 0.14
AMX: 0.08

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.

P/B Ratio (MRQ)

Chunghwa Telecom (CHT) trades at 10.89 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

10.89

Group distribution

CHT: 10.89
Max: 8.41
Q3: 4.02
Median: 1.60
Q1: 0.71
Min: 0.01

Largest peers

SPCX: 20.74
CHT: 10.89
AMX: 3.72
TMUS: 3.71
VZ: 1.77
T: 1.41
VOD: 1.21

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 Metrics

Chunghwa Telecom (CHT) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: CHT	Industry group median
P/E Ratio (TTM)	27.23	15.81
P/S Ratio (TTM)	0.14	0.84
P/B Ratio (MRQ)	10.89	1.60
Free Cash Flow Yield (TTM)	127.99%	10.73%