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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies2307
  • 7D-1.4%
  • 3M-0.3%
  • 1Y13.7%
  • YTD-1.9%

Over the last 7 days, the market has dropped 1.4%, driven by a loss of 3.0% in the Communication Services sector. In contrast, the Healthcare sector has actually gained 3.3%. In contrast to the last week, the market is actually up 14% over the past year. Earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026HK$55.2tHK$44.1tHK$4.0t11.9x13.8x1.3x
Mon, 23 Feb 2026HK$56.9tHK$43.9tHK$4.0t12.6x14.2x1.3x
Wed, 21 Jan 2026HK$57.0tHK$43.5tHK$4.0t12.4x14.3x1.3x
Fri, 19 Dec 2025HK$55.3tHK$43.0tHK$3.9t12x14.1x1.3x
Sun, 16 Nov 2025HK$57.9tHK$42.5tHK$3.9t12.6x14.8x1.4x
Tue, 14 Oct 2025HK$56.3tHK$42.8tHK$3.9t12.6x14.5x1.3x
Thu, 11 Sep 2025HK$58.0tHK$43.4tHK$4.0t12.3x14.6x1.3x
Sat, 09 Aug 2025HK$55.8tHK$43.5tHK$3.9t12.2x14.3x1.3x
Mon, 07 Jul 2025HK$53.2tHK$43.6tHK$3.9t11.2x13.7x1.2x
Wed, 04 Jun 2025HK$50.7tHK$43.5tHK$3.9t11x13.1x1.2x
Fri, 02 May 2025HK$47.6tHK$42.5tHK$3.8t10.7x12.7x1.1x
Sun, 30 Mar 2025HK$48.6tHK$43.2tHK$3.7t11.1x13.2x1.1x
Tue, 25 Feb 2025HK$47.8tHK$43.3tHK$3.5t10.4x13.5x1.1x
Thu, 23 Jan 2025HK$43.3tHK$43.2tHK$3.5t9.9x12.3x1x
Sat, 21 Dec 2024HK$44.0tHK$42.6tHK$3.6t9.9x12.1x1x
Mon, 18 Nov 2024HK$43.2tHK$43.0tHK$3.7t9.8x11.8x1x
Wed, 16 Oct 2024HK$43.8tHK$43.3tHK$3.6t9.8x12.3x1x
Fri, 13 Sep 2024HK$38.2tHK$43.5tHK$3.6t8.7x10.7x0.9x
Sun, 11 Aug 2024HK$39.2tHK$43.0tHK$3.5t9x11.2x0.9x
Tue, 09 Jul 2024HK$40.7tHK$42.6tHK$3.5t9.4x11.8x1x
Thu, 06 Jun 2024HK$41.8tHK$43.2tHK$3.4t9.7x12.2x1x
Sat, 04 May 2024HK$41.4tHK$43.3tHK$3.4t9.4x12.2x1x
Mon, 01 Apr 2024HK$38.6tHK$43.4tHK$3.4t9.2x11.3x0.9x
Wed, 28 Feb 2024HK$38.2tHK$43.8tHK$3.4t8.9x11.2x0.9x
Fri, 26 Jan 2024HK$36.9tHK$44.0tHK$3.3t8.9x11.1x0.8x
Sun, 24 Dec 2023HK$37.0tHK$46.0tHK$3.5t9.1x10.6x0.8x
Tue, 21 Nov 2023HK$39.1tHK$45.6tHK$3.5t9x11.3x0.9x
Thu, 19 Oct 2023HK$39.2tHK$44.9tHK$3.4t9x11.5x0.9x
Sat, 16 Sep 2023HK$40.1tHK$45.2tHK$3.5t9.2x11.6x0.9x
Mon, 14 Aug 2023HK$41.2tHK$45.5tHK$3.6t9.7x11.3x0.9x
Wed, 12 Jul 2023HK$41.1tHK$45.9tHK$3.7t9.6x11.2x0.9x
Fri, 09 Jun 2023HK$42.7tHK$46.3tHK$3.7t9.6x11.5x0.9x
Sun, 07 May 2023HK$45.2tHK$47.6tHK$3.8t9.8x11.9x1x
Tue, 04 Apr 2023HK$43.7tHK$47.7tHK$4.0t9.7x11x0.9x
Price to Earnings Ratio

11x


Total Market Cap: HK$43.7tTotal Earnings: HK$4.0tTotal Revenue: HK$47.7tTotal 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 13.8x which is higher than its 3-year average PE of 12.4x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.6% 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-1.36%
Healthcare3.33%
Consumer Staples0.53%
Financials-0.91%
Materials-0.92%
Utilities-1.07%
Consumer Discretionary-1.21%
Industrials-1.49%
Energy-1.61%
Tech-2.65%
Telecom-2.99%
Real Estate-3.01%
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 121x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.1%, which is higher than its past year's earnings growth of 2.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.3% 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
3988 Bank of ChinaHK$4.863.4%
+HK$51.6b
5.9%PB0.5xFinancials
3690 MeituanHK$85.908.5%
+HK$41.7b
-46.3%PS1.3xConsumer Discretionary
1211 BYDHK$106.502.6%
+HK$24.6b
-21.5%PE22.3xConsumer Discretionary
9633 Nongfu SpringHK$44.704.8%
+HK$22.9b
29.0%PE28xConsumer Staples
2513 Knowledge Atlas TechnologyHK$668.005.9%
+HK$16.7b
n/aPS573.3xTech
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