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Hong Kong (HSI) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies2269
  • 7D2.3%
  • 3M5.2%
  • 1Y34.1%
  • YTD35.9%

The market has climbed 1.9% in the last 7 days, lead by the Financials sector with a gain of 3.6%. The market is up 30% over the last 12 months. 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
Tue, 11 Nov 2025HK$57.7tHK$42.4tHK$3.9t12.7x14.8x1.4x
Thu, 09 Oct 2025HK$57.9tHK$43.2tHK$3.9t12.8x14.7x1.3x
Sat, 06 Sep 2025HK$57.2tHK$43.4tHK$4.0t12.1x14.4x1.3x
Mon, 04 Aug 2025HK$54.2tHK$43.4tHK$3.9t11.9x14x1.2x
Wed, 02 Jul 2025HK$53.0tHK$43.6tHK$3.9t11.1x13.6x1.2x
Fri, 30 May 2025HK$50.6tHK$43.5tHK$3.9t11x13.1x1.2x
Sun, 27 Apr 2025HK$47.6tHK$42.6tHK$3.7t10.7x12.7x1.1x
Tue, 25 Mar 2025HK$49.1tHK$43.6tHK$3.6t10.9x13.7x1.1x
Thu, 20 Feb 2025HK$47.4tHK$43.1tHK$3.5t10.2x13.5x1.1x
Sat, 18 Jan 2025HK$43.4tHK$42.6tHK$3.6t9.9x11.9x1x
Mon, 16 Dec 2024HK$44.2tHK$42.7tHK$3.7t9.9x12.1x1x
Wed, 13 Nov 2024HK$43.6tHK$42.8tHK$3.6t9.8x12x1x
Fri, 11 Oct 2024HK$45.3tHK$43.5tHK$3.6t10x12.7x1x
Sun, 08 Sep 2024HK$39.2tHK$43.7tHK$3.6t9x10.9x0.9x
Tue, 06 Aug 2024HK$38.8tHK$43.1tHK$3.5t8.8x11x0.9x
Thu, 04 Jul 2024HK$41.5tHK$42.6tHK$3.5t9.5x12x1x
Sat, 01 Jun 2024HK$41.5tHK$43.3tHK$3.4t9.7x12.1x1x
Mon, 29 Apr 2024HK$40.6tHK$43.2tHK$3.4t9.1x11.9x0.9x
Wed, 27 Mar 2024HK$38.6tHK$43.5tHK$3.3t8.8x11.6x0.9x
Fri, 23 Feb 2024HK$38.5tHK$43.8tHK$3.4t8.9x11.3x0.9x
Sun, 21 Jan 2024HK$35.1tHK$44.3tHK$3.4t8.8x10.3x0.8x
Tue, 19 Dec 2023HK$37.5tHK$45.9tHK$3.5t9x10.8x0.8x
Thu, 16 Nov 2023HK$39.2tHK$45.3tHK$3.4t9x11.4x0.9x
Sat, 14 Oct 2023HK$39.3tHK$45.0tHK$3.4t9.1x11.5x0.9x
Mon, 11 Sep 2023HK$39.9tHK$44.9tHK$3.4t9.4x11.6x0.9x
Wed, 09 Aug 2023HK$41.7tHK$45.6tHK$3.6t9.7x11.4x0.9x
Fri, 07 Jul 2023HK$41.0tHK$45.6tHK$3.6t9.7x11.2x0.9x
Sun, 04 Jun 2023HK$42.2tHK$46.6tHK$3.7t9.4x11.3x0.9x
Tue, 02 May 2023HK$44.7tHK$47.6tHK$3.8t9.7x11.8x0.9x
Thu, 30 Mar 2023HK$43.6tHK$48.0tHK$4.1t9.3x10.6x0.9x
Sat, 25 Feb 2023HK$42.9tHK$47.2tHK$4.2t8.8x10.2x0.9x
Mon, 23 Jan 2023HK$45.3tHK$48.1tHK$4.3t9x10.6x0.9x
Wed, 21 Dec 2022HK$40.7tHK$46.8tHK$4.2t8.7x9.8x0.9x
Fri, 18 Nov 2022HK$39.0tHK$46.2tHK$4.1t8.4x9.5x0.8x
Price to Earnings Ratio

9.5x


Total Market Cap: HK$39.0tTotal Earnings: HK$4.1tTotal Revenue: HK$46.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.9x202320242025
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 14.6x which is higher than its 3-year average PE of 11.9x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.8% 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 Market2.35%
Energy5.79%
Materials5.36%
Financials2.87%
Industrials2.74%
Telecom2.49%
Real Estate2.24%
Utilities2.19%
Consumer Staples1.74%
Consumer Discretionary1.65%
Healthcare-2.18%
Tech-2.50%
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 198x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.3%, which is higher than its past year's earnings growth of 2.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 2.9% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.5% 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
700 Tencent HoldingsHK$649.503.4%
+HK$194.5b		57.2%PE25.9xTelecom
1398 Industrial and Commercial Bank of ChinaHK$6.454.5%
+HK$99.8b		35.2%PB0.5xFinancials
883 CNOOCHK$22.449.7%
+HK$94.1b		29.7%PE7.9xEnergy
939 China Construction BankHK$8.294.4%
+HK$91.6b		37.0%PB0.6xFinancials
857 PetroChinaHK$8.765.7%
+HK$86.0b		54.8%PE9.3xEnergy
See more

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2718
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1288
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857
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5.7%
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9992
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