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Hong Kong (HSI) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies2268
  • 7D-3.7%
  • 3M1.1%
  • 1Y33.6%
  • YTD32.7%

Over the last 7 days, the market has dropped 3.7%, driven by pullbacks in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 34% over the past year. 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, 21 Nov 2025HK$56.8tHK$42.5tHK$3.9t12.1x14.5x1.3x
Sun, 19 Oct 2025HK$55.2tHK$42.2tHK$3.8t12.5x14.5x1.3x
Tue, 16 Sep 2025HK$58.2tHK$43.3tHK$4.0t12.4x14.7x1.3x
Thu, 14 Aug 2025HK$56.7tHK$43.6tHK$3.9t12.4x14.5x1.3x
Sat, 12 Jul 2025HK$53.8tHK$43.6tHK$3.9t11.4x13.8x1.2x
Mon, 09 Jun 2025HK$51.2tHK$43.5tHK$3.9t11.2x13.2x1.2x
Wed, 07 May 2025HK$48.3tHK$42.7tHK$3.8t10.8x12.8x1.1x
Fri, 04 Apr 2025HK$48.3tHK$42.6tHK$3.8t11x12.8x1.1x
Sun, 02 Mar 2025HK$47.0tHK$43.2tHK$3.5t10.4x13.3x1.1x
Tue, 28 Jan 2025HK$44.3tHK$43.3tHK$3.5t10x12.6x1x
Thu, 26 Dec 2024HK$44.8tHK$42.6tHK$3.6t9.9x12.3x1.1x
Sat, 23 Nov 2024HK$42.7tHK$42.9tHK$3.7t9.7x11.6x1x
Mon, 21 Oct 2024HK$44.7tHK$43.4tHK$3.6t9.9x12.5x1x
Wed, 18 Sep 2024HK$38.8tHK$43.5tHK$3.6t8.8x10.8x0.9x
Fri, 16 Aug 2024HK$39.5tHK$43.1tHK$3.5t9x11.2x0.9x
Sun, 14 Jul 2024HK$41.6tHK$42.7tHK$3.5t9.5x12x1x
Tue, 11 Jun 2024HK$41.8tHK$43.2tHK$3.4t9.7x12.2x1x
Thu, 09 May 2024HK$41.3tHK$43.3tHK$3.4t9.4x12.1x1x
Sat, 06 Apr 2024HK$39.0tHK$43.3tHK$3.4t9.1x11.4x0.9x
Mon, 04 Mar 2024HK$37.9tHK$43.8tHK$3.4t8.9x11.1x0.9x
Wed, 31 Jan 2024HK$36.1tHK$44.3tHK$3.3t8.7x10.8x0.8x
Fri, 29 Dec 2023HK$38.1tHK$46.2tHK$3.5t9.2x10.9x0.8x
Sun, 26 Nov 2023HK$39.0tHK$45.7tHK$3.5t9.2x11.2x0.9x
Tue, 24 Oct 2023HK$38.0tHK$44.9tHK$3.4t8.9x11.1x0.8x
Thu, 21 Sep 2023HK$39.8tHK$45.0tHK$3.4t9.2x11.6x0.9x
Sat, 19 Aug 2023HK$39.7tHK$45.3tHK$3.6t9.5x11x0.9x
Mon, 17 Jul 2023HK$42.3tHK$46.1tHK$3.7t9.5x11.5x0.9x
Wed, 14 Jun 2023HK$41.4tHK$45.5tHK$3.4t9.7x12.1x0.9x
Fri, 12 May 2023HK$44.5tHK$47.4tHK$3.8t9.8x11.8x0.9x
Sun, 09 Apr 2023HK$44.1tHK$47.8tHK$3.9t9.7x11.3x0.9x
Tue, 07 Mar 2023HK$44.4tHK$47.3tHK$4.2t9x10.6x0.9x
Thu, 02 Feb 2023HK$45.6tHK$48.4tHK$4.3t9.1x10.6x0.9x
Sat, 31 Dec 2022HK$42.1tHK$47.2tHK$4.2t8.8x10x0.9x
Mon, 28 Nov 2022HK$38.5tHK$45.7tHK$4.1t8.4x9.5x0.8x
Price to Earnings Ratio

9.5x


Total Market Cap: HK$38.5tTotal Earnings: HK$4.1tTotal Revenue: HK$45.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12x202320242025
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 14.5x which is higher than its 3-year average PE of 12.0x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.4% 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 Market-3.65%
Healthcare-1.29%
Energy-2.13%
Utilities-3.03%
Real Estate-3.19%
Industrials-3.30%
Financials-3.63%
Consumer Staples-3.63%
Materials-4.02%
Consumer Discretionary-4.04%
Telecom-4.44%
Tech-5.77%
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 187x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.3%, 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 30% 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 2.4% 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
386 China Petroleum & ChemicalHK$4.562.7%
+HK$14.5b		9.4%PE14xEnergy
6618 JD Health InternationalHK$68.005.4%
+HK$11.2b		137.8%PE42.1xConsumer Staples
857 PetroChinaHK$9.000.4%
+HK$7.3b		60.4%PE9.5xEnergy
2570 Shanghai REFIRE GroupHK$147.0040.9%
+HK$3.7b		n/aPS18.3xIndustrials
2617 TransThera Sciences (Nanjing)HK$215.003.9%
+HK$3.2b		n/aPB133.9xHealthcare
See more

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