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Hong Kong (HSI) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies2310
  • 7D1.0%
  • 3M-0.9%
  • 1Y16.0%
  • YTD-0.9%

In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 6.8%. As for the longer term, the market has risen 16% in the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026HK$55.9tHK$44.2tHK$4.1t12.4x13.5x1.3x
Tue, 03 Mar 2026HK$57.2tHK$44.2tHK$4.0t12.6x14.1x1.3x
Thu, 29 Jan 2026HK$58.4tHK$43.6tHK$4.0t12.6x14.6x1.3x
Sat, 27 Dec 2025HK$55.8tHK$43.1tHK$4.0t12.1x14.1x1.3x
Mon, 24 Nov 2025HK$55.8tHK$42.6tHK$3.9t12.1x14.2x1.3x
Wed, 22 Oct 2025HK$56.3tHK$42.3tHK$3.8t12.7x14.8x1.3x
Fri, 19 Sep 2025HK$57.5tHK$43.4tHK$4.0t12.4x14.5x1.3x
Sun, 17 Aug 2025HK$56.6tHK$43.5tHK$3.9t12.6x14.5x1.3x
Tue, 15 Jul 2025HK$54.1tHK$43.6tHK$3.9t11.6x13.8x1.2x
Thu, 12 Jun 2025HK$52.1tHK$43.6tHK$3.9t11.2x13.4x1.2x
Sat, 10 May 2025HK$48.8tHK$42.8tHK$3.8t11x12.9x1.1x
Mon, 07 Apr 2025HK$48.3tHK$42.7tHK$3.8t11x12.9x1.1x
Wed, 05 Mar 2025HK$47.0tHK$43.2tHK$3.5t10.4x13.4x1.1x
Fri, 31 Jan 2025HK$44.3tHK$43.3tHK$3.5t10x12.6x1x
Sun, 29 Dec 2024HK$45.0tHK$42.6tHK$3.6t10x12.3x1.1x
Tue, 26 Nov 2024HK$42.6tHK$42.9tHK$3.7t9.7x11.6x1x
Thu, 24 Oct 2024HK$45.1tHK$43.4tHK$3.6t10x12.6x1x
Sat, 21 Sep 2024HK$39.8tHK$43.8tHK$3.6t9x11x0.9x
Mon, 19 Aug 2024HK$39.9tHK$43.1tHK$3.5t9x11.3x0.9x
Wed, 17 Jul 2024HK$41.0tHK$42.6tHK$3.5t9.5x11.8x1x
Fri, 14 Jun 2024HK$41.3tHK$43.2tHK$3.4t9.6x12.1x1x
Sun, 12 May 2024HK$42.4tHK$43.3tHK$3.4t9.7x12.4x1x
Tue, 09 Apr 2024HK$39.1tHK$43.3tHK$3.4t9.1x11.4x0.9x
Thu, 07 Mar 2024HK$38.0tHK$43.2tHK$3.4t8.8x11.2x0.9x
Sat, 03 Feb 2024HK$35.8tHK$44.3tHK$3.3t8.6x10.7x0.8x
Mon, 01 Jan 2024HK$38.3tHK$46.2tHK$3.5t9.4x11x0.8x
Wed, 29 Nov 2023HK$38.7tHK$45.7tHK$3.5t9.1x11.1x0.8x
Fri, 27 Oct 2023HK$37.9tHK$44.9tHK$3.4t8.9x11.1x0.8x
Sun, 24 Sep 2023HK$40.0tHK$45.0tHK$3.4t9.2x11.6x0.9x
Tue, 22 Aug 2023HK$39.7tHK$45.2tHK$3.6t9.3x11.1x0.9x
Thu, 20 Jul 2023HK$41.3tHK$45.7tHK$3.7t9.5x11.3x0.9x
Sat, 17 Jun 2023HK$41.5tHK$45.5tHK$3.3t9.7x12.5x0.9x
Mon, 15 May 2023HK$43.9tHK$47.3tHK$3.8t9.8x11.7x0.9x
Wed, 12 Apr 2023HK$44.4tHK$47.8tHK$3.9t9.8x11.4x0.9x
Price to Earnings Ratio

11.4x


Total Market Cap: HK$44.4tTotal Earnings: HK$3.9tTotal Revenue: HK$47.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Hong Kong market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 12.5x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have grown 2.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

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

HK Market0.95%
Healthcare6.79%
Financials3.05%
Materials2.95%
Consumer Staples2.63%
Consumer Discretionary0.92%
Industrials0.43%
Real Estate0.28%
Telecom0.07%
Utilities-1.04%
Tech-2.81%
Energy-3.20%
Sector PE
  • Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.2% which is higher than its past year's earnings decline of 7.7% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 6.5% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 4.9% 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
1398 Industrial and Commercial Bank of ChinaHK$6.965.1%
+HK$121.2b		27.5%PB0.5xFinancials
1288 Agricultural Bank of ChinaHK$5.685.6%
+HK$105.0b		23.2%PB0.6xFinancials
939 China Construction BankHK$8.454.4%
+HK$94.2b		22.3%PB0.5xFinancials
3988 Bank of ChinaHK$5.064.1%
+HK$64.4b		9.5%PB0.5xFinancials
2513 Knowledge Atlas TechnologyHK$779.0016.6%
+HK$49.5b		n/aPS421.1xTech
See more

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