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Hong Kong (HSI) Market Analysis & Valuation

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies2299
  • 7D1.6%
  • 3M1.6%
  • 1Y36.3%
  • YTD1.8%

The market is up 1.0% over the last week, with the Healthcare sector leading the way, up 7.5%. In the last year, the market has climbed 36%. 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
Thu, 15 Jan 2026HK$57.7tHK$43.4tHK$4.0t12.5x14.5x1.3x
Sat, 13 Dec 2025HK$56.0tHK$42.9tHK$3.9t12.1x14.2x1.3x
Mon, 10 Nov 2025HK$56.9tHK$42.4tHK$3.9t12.6x14.6x1.3x
Wed, 08 Oct 2025HK$57.9tHK$43.2tHK$3.9t12.8x14.7x1.3x
Fri, 05 Sep 2025HK$56.6tHK$43.4tHK$4.0t11.9x14.3x1.3x
Sun, 03 Aug 2025HK$54.2tHK$43.4tHK$3.9t11.9x14x1.2x
Tue, 01 Jul 2025HK$53.0tHK$43.6tHK$3.9t11.1x13.6x1.2x
Thu, 29 May 2025HK$50.3tHK$43.5tHK$3.9t11x13x1.2x
Sat, 26 Apr 2025HK$47.6tHK$42.6tHK$3.7t10.7x12.7x1.1x
Mon, 24 Mar 2025HK$48.8tHK$43.6tHK$3.6t10.8x13.6x1.1x
Wed, 19 Feb 2025HK$47.4tHK$43.1tHK$3.5t10.2x13.5x1.1x
Fri, 17 Jan 2025HK$43.4tHK$42.6tHK$3.6t9.9x11.9x1x
Sun, 15 Dec 2024HK$44.2tHK$42.7tHK$3.7t9.9x12.1x1x
Tue, 12 Nov 2024HK$44.6tHK$43.0tHK$3.7t9.9x12.2x1x
Thu, 10 Oct 2024HK$44.2tHK$43.6tHK$3.6t9.9x12.3x1x
Sat, 07 Sep 2024HK$39.2tHK$43.7tHK$3.6t9x10.9x0.9x
Mon, 05 Aug 2024HK$39.4tHK$43.1tHK$3.5t9.1x11.2x0.9x
Wed, 03 Jul 2024HK$41.3tHK$42.6tHK$3.5t9.5x11.9x1x
Fri, 31 May 2024HK$41.7tHK$43.3tHK$3.4t9.8x12.1x1x
Sun, 28 Apr 2024HK$40.6tHK$43.2tHK$3.4t9.1x11.9x0.9x
Tue, 26 Mar 2024HK$38.3tHK$43.7tHK$3.3t8.9x11.5x0.9x
Thu, 22 Feb 2024HK$37.9tHK$43.8tHK$3.4t8.8x11.1x0.9x
Sat, 20 Jan 2024HK$35.1tHK$44.4tHK$3.4t8.8x10.3x0.8x
Mon, 18 Dec 2023HK$37.7tHK$46.0tHK$3.5t9x10.8x0.8x
Wed, 15 Nov 2023HK$38.3tHK$45.1tHK$3.4t9x11.2x0.8x
Fri, 13 Oct 2023HK$39.8tHK$45.0tHK$3.4t9.2x11.7x0.9x
Sun, 10 Sep 2023HK$39.9tHK$44.9tHK$3.4t9.4x11.6x0.9x
Tue, 08 Aug 2023HK$42.1tHK$45.7tHK$3.6t9.7x11.6x0.9x
Thu, 06 Jul 2023HK$41.9tHK$45.6tHK$3.7t9.8x11.5x0.9x
Sat, 03 Jun 2023HK$42.2tHK$46.7tHK$3.7t9.4x11.3x0.9x
Mon, 01 May 2023HK$44.7tHK$47.5tHK$3.8t9.7x11.8x0.9x
Wed, 29 Mar 2023HK$43.3tHK$47.5tHK$4.1t9.1x10.6x0.9x
Fri, 24 Feb 2023HK$43.4tHK$47.5tHK$4.2t8.8x10.3x0.9x
Sun, 22 Jan 2023HK$45.3tHK$48.1tHK$4.3t9x10.6x0.9x
Price to Earnings Ratio

10.6x


Total Market Cap: HK$45.3tTotal Earnings: HK$4.3tTotal Revenue: HK$48.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.2x202420252026
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 12.2x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 2.4% per year over the last three years.
  • Revenues have also declined 3.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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

HK Market1.63%
Materials4.56%
Consumer Staples4.45%
Healthcare4.28%
Energy3.58%
Real Estate2.24%
Telecom1.22%
Industrials1.17%
Tech1.10%
Utilities1.02%
Financials0.72%
Consumer Discretionary0.41%
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 137x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.2%, which is higher than its past year's earnings growth of 1.4% 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 1.4% 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$633.001.4%
+HK$74.7b		66.6%PE23.4xTelecom
883 CNOOCHK$21.664.8%
+HK$47.5b		11.1%PE7.5xEnergy
2259 Zijin Gold InternationalHK$164.1011.5%
+HK$45.2b		n/aPE71.6xMaterials
857 PetroChinaHK$8.263.0%
+HK$43.9b		32.4%PE8.5xEnergy
939 China Construction BankHK$7.772.0%
+HK$39.2b		28.9%PB0.5xFinancials
See more

Market Insights

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