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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies2297
  • 7D2.2%
  • 3M3.2%
  • 1Y16.7%
  • YTD1.3%

The market has climbed 2.2% in the last 7 days, lead by the Communication Services sector with a gain of 5.6%. The market is up 17% over the last 12 months. 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
Fri, 13 Mar 2026HK$57.3tHK$44.2tHK$4.0t12.3x14.2x1.3x
Sun, 08 Feb 2026HK$56.6tHK$43.7tHK$4.0t12.2x14.2x1.3x
Tue, 06 Jan 2026HK$56.6tHK$43.3tHK$4.0t12x14.3x1.3x
Thu, 04 Dec 2025HK$56.3tHK$42.8tHK$3.9t12.3x14.3x1.3x
Sat, 01 Nov 2025HK$56.1tHK$42.3tHK$3.9t12.7x14.5x1.3x
Mon, 29 Sep 2025HK$56.6tHK$43.3tHK$3.9t12.3x14.4x1.3x
Wed, 27 Aug 2025HK$57.9tHK$43.5tHK$3.9t12.5x14.8x1.3x
Fri, 25 Jul 2025HK$56.0tHK$43.7tHK$3.9t11.9x14.3x1.3x
Sun, 22 Jun 2025HK$51.6tHK$43.6tHK$3.9t11.1x13.3x1.2x
Tue, 20 May 2025HK$49.9tHK$43.1tHK$3.8t10.9x13.1x1.2x
Thu, 17 Apr 2025HK$44.4tHK$41.4tHK$3.6t10.4x12.4x1.1x
Sat, 15 Mar 2025HK$49.1tHK$43.5tHK$3.5t10.6x13.9x1.1x
Mon, 10 Feb 2025HK$45.1tHK$43.1tHK$3.5t10x12.9x1x
Wed, 08 Jan 2025HK$43.4tHK$42.5tHK$3.6t9.9x11.9x1x
Fri, 06 Dec 2024HK$43.6tHK$42.8tHK$3.7t9.9x11.9x1x
Sun, 03 Nov 2024HK$44.4tHK$43.4tHK$3.7t9.7x12x1x
Tue, 01 Oct 2024HK$45.6tHK$43.8tHK$3.6t9.9x12.6x1x
Thu, 29 Aug 2024HK$40.6tHK$43.4tHK$3.6t8.8x11.4x0.9x
Sat, 27 Jul 2024HK$39.3tHK$42.6tHK$3.5t9.2x11.3x0.9x
Mon, 24 Jun 2024HK$41.2tHK$43.1tHK$3.4t9.5x12.1x1x
Wed, 22 May 2024HK$42.8tHK$43.2tHK$3.4t9.9x12.5x1x
Fri, 19 Apr 2024HK$39.2tHK$43.2tHK$3.4t9.1x11.5x0.9x
Sun, 17 Mar 2024HK$38.4tHK$43.9tHK$3.5t8.8x11.1x0.9x
Tue, 13 Feb 2024HK$36.4tHK$43.5tHK$3.3t8.7x10.9x0.8x
Thu, 11 Jan 2024HK$37.0tHK$45.6tHK$3.5t9.1x10.6x0.8x
Sat, 09 Dec 2023HK$37.2tHK$45.8tHK$3.5t8.9x10.7x0.8x
Mon, 06 Nov 2023HK$38.6tHK$45.1tHK$3.4t9x11.2x0.9x
Wed, 04 Oct 2023HK$39.4tHK$45.0tHK$3.4t9x11.5x0.9x
Fri, 01 Sep 2023HK$40.1tHK$45.2tHK$3.5t9.3x11.6x0.9x
Sun, 30 Jul 2023HK$43.0tHK$46.0tHK$3.7t9.7x11.6x0.9x
Tue, 27 Jun 2023HK$41.0tHK$45.8tHK$3.7t9.6x11.2x0.9x
Thu, 25 May 2023HK$42.4tHK$46.7tHK$3.7t9.5x11.4x0.9x
Sat, 22 Apr 2023HK$44.3tHK$47.6tHK$3.8t9.8x11.6x0.9x
Mon, 20 Mar 2023HK$43.1tHK$47.4tHK$4.1t8.8x10.5x0.9x
Price to Earnings Ratio

10.5x


Total Market Cap: HK$43.1tTotal Earnings: HK$4.1tTotal Revenue: HK$47.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.4x202420252026
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 14.2x which is higher than its 3-year average PE of 12.4x.
Past Earnings Growth
  • Both revenue and earnings for Hong Kong listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

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

HK Market2.23%
Healthcare6.54%
Telecom5.61%
Tech5.35%
Utilities2.83%
Energy2.55%
Consumer Staples2.43%
Industrials2.01%
Consumer Discretionary1.06%
Financials0.49%
Real Estate-0.63%
Materials-2.16%
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 162x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings growth of 2.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 22% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.4% 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$546.508.9%
+HK$405.2b		7.7%PE20xTelecom
883 CNOOCHK$29.108.3%
+HK$106.5b		61.1%PE9.9xEnergy
100 MiniMax GroupHK$1.08k35.5%
+HK$87.8b		n/aPS541.9xTech
857 PetroChinaHK$10.623.5%
+HK$65.9b		79.7%PE10.8xEnergy
1088 China Shenhua EnergyHK$48.467.2%
+HK$64.8b		52.6%PE15.1xEnergy
See more

Market Insights

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