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Hong Kong (HSI) Market Analysis & Valuation

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies2296
  • 7D2.0%
  • 3M-1.5%
  • 1Y29.7%
  • YTD3.5%

The market is up 1.9% over the last week, with the Financials sector leading the way, up 2.2%. Meanwhile, the Communication Services sector has underperformed, shrinking 4.4% in that time. In the last year, the market has climbed 28%. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Hong Kong Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026HK$57.7tHK$43.9tHK$4.0t12.4x14.4x1.3x
Fri, 09 Jan 2026HK$56.7tHK$43.3tHK$4.0t12.2x14.3x1.3x
Sun, 07 Dec 2025HK$56.7tHK$42.8tHK$3.9t12.3x14.4x1.3x
Tue, 04 Nov 2025HK$56.7tHK$42.4tHK$3.9t12.7x14.6x1.3x
Thu, 02 Oct 2025HK$57.7tHK$43.2tHK$3.9t12.7x14.6x1.3x
Sat, 30 Aug 2025HK$57.0tHK$43.6tHK$3.9t12.4x14.6x1.3x
Mon, 28 Jul 2025HK$55.6tHK$43.6tHK$3.9t12x14.2x1.3x
Wed, 25 Jun 2025HK$52.9tHK$43.6tHK$3.9t11.1x13.6x1.2x
Fri, 23 May 2025HK$50.7tHK$43.2tHK$3.8t11.1x13.2x1.2x
Sun, 20 Apr 2025HK$46.7tHK$42.5tHK$3.7t10.4x12.5x1.1x
Tue, 18 Mar 2025HK$49.4tHK$43.5tHK$3.6t10.6x13.9x1.1x
Thu, 13 Feb 2025HK$45.9tHK$43.0tHK$3.5t10.2x13.1x1.1x
Sat, 11 Jan 2025HK$42.5tHK$42.5tHK$3.6t9.7x11.7x1x
Mon, 09 Dec 2024HK$44.1tHK$42.8tHK$3.7t10x12.1x1x
Wed, 06 Nov 2024HK$45.4tHK$43.5tHK$3.7t9.9x12.3x1x
Fri, 04 Oct 2024HK$46.7tHK$43.7tHK$3.6t10.2x13x1.1x
Sun, 01 Sep 2024HK$40.4tHK$43.6tHK$3.6t8.9x11.2x0.9x
Tue, 30 Jul 2024HK$39.6tHK$42.6tHK$3.5t9.1x11.4x0.9x
Thu, 27 Jun 2024HK$41.1tHK$42.5tHK$3.5t9.5x11.8x1x
Sat, 25 May 2024HK$42.0tHK$43.2tHK$3.4t9.8x12.2x1x
Mon, 22 Apr 2024HK$39.1tHK$43.2tHK$3.4t9.1x11.5x0.9x
Wed, 20 Mar 2024HK$38.2tHK$43.9tHK$3.5t8.9x11x0.9x
Fri, 16 Feb 2024HK$36.4tHK$43.9tHK$3.4t8.6x10.8x0.8x
Sun, 14 Jan 2024HK$37.2tHK$45.6tHK$3.5t9.2x10.7x0.8x
Tue, 12 Dec 2023HK$37.0tHK$45.7tHK$3.5t8.8x10.7x0.8x
Thu, 09 Nov 2023HK$38.4tHK$45.2tHK$3.4t9x11.2x0.9x
Sat, 07 Oct 2023HK$39.0tHK$45.0tHK$3.4t9.1x11.4x0.9x
Mon, 04 Sep 2023HK$40.2tHK$45.4tHK$3.5t9.2x11.6x0.9x
Wed, 02 Aug 2023HK$43.0tHK$45.8tHK$3.7t9.8x11.8x0.9x
Fri, 30 Jun 2023HK$40.9tHK$45.5tHK$3.6t9.7x11.5x0.9x
Sun, 28 May 2023HK$41.9tHK$46.6tHK$3.7t9.5x11.2x0.9x
Tue, 25 Apr 2023HK$44.3tHK$47.5tHK$3.8t9.7x11.6x0.9x
Thu, 23 Mar 2023HK$43.0tHK$47.5tHK$4.1t8.9x10.5x0.9x
Sat, 18 Feb 2023HK$43.5tHK$47.6tHK$4.2t9x10.3x0.9x
Price to Earnings Ratio

10.3x


Total Market Cap: HK$43.5tTotal Earnings: HK$4.2tTotal Revenue: HK$47.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.3x202420252026
Current Market PE
  • Investors are optimistic on the Hong Kong market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 14.3x which is higher than its 3-year average PE of 12.3x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.7% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Hong Kong Market?

HK Market2.02%
Healthcare5.44%
Energy5.23%
Consumer Discretionary3.71%
Real Estate3.51%
Industrials3.21%
Consumer Staples2.75%
Financials2.67%
Tech2.39%
Utilities0.63%
Materials-0.20%
Telecom-3.24%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 116x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings growth of 1.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
939 China Construction BankHK$8.124.0%
+HK$81.1b		26.9%PB0.5xFinancials
1088 China Shenhua EnergyHK$44.168.8%
+HK$70.7b		43.4%PE13.9xEnergy
1398 Industrial and Commercial Bank of ChinaHK$6.573.0%
+HK$67.7b		20.3%PB0.5xFinancials
857 PetroChinaHK$9.313.8%
+HK$62.2b		52.1%PE9.5xEnergy
883 CNOOCHK$24.645.5%
+HK$60.8b		31.5%PE8.4xEnergy
See more

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