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Hong Kong (HSI) Market Analysis & Valuation
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies2297
- 7D-2.0%
- 3M-0.4%
- 1Y27.4%
- YTD1.5%
Over the last 7 days, the market has dropped 2.0%, driven by a decline of 7.1% in the Communication Services sector. In contrast to the last week, the market is actually up 27% over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Hong Kong Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | HK$56.6t | HK$43.7t | HK$4.0t | 12.2x | 14.2x | 1.3x |
| Tue, 06 Jan 2026 | HK$56.6t | HK$43.3t | HK$4.0t | 12x | 14.3x | 1.3x |
| Thu, 04 Dec 2025 | HK$56.3t | HK$42.8t | HK$3.9t | 12.3x | 14.3x | 1.3x |
| Sat, 01 Nov 2025 | HK$56.1t | HK$42.3t | HK$3.9t | 12.7x | 14.5x | 1.3x |
| Mon, 29 Sep 2025 | HK$56.6t | HK$43.3t | HK$3.9t | 12.3x | 14.4x | 1.3x |
| Wed, 27 Aug 2025 | HK$57.9t | HK$43.5t | HK$3.9t | 12.5x | 14.8x | 1.3x |
| Fri, 25 Jul 2025 | HK$56.0t | HK$43.7t | HK$3.9t | 11.9x | 14.3x | 1.3x |
| Sun, 22 Jun 2025 | HK$51.6t | HK$43.6t | HK$3.9t | 11.1x | 13.3x | 1.2x |
| Tue, 20 May 2025 | HK$49.9t | HK$43.1t | HK$3.8t | 10.9x | 13.1x | 1.2x |
| Thu, 17 Apr 2025 | HK$44.4t | HK$41.4t | HK$3.6t | 10.4x | 12.4x | 1.1x |
| Sat, 15 Mar 2025 | HK$49.1t | HK$43.5t | HK$3.5t | 10.6x | 13.9x | 1.1x |
| Mon, 10 Feb 2025 | HK$45.1t | HK$43.1t | HK$3.5t | 10x | 12.9x | 1x |
| Wed, 08 Jan 2025 | HK$43.4t | HK$42.5t | HK$3.6t | 9.9x | 11.9x | 1x |
| Fri, 06 Dec 2024 | HK$43.6t | HK$42.8t | HK$3.7t | 9.9x | 11.9x | 1x |
| Sun, 03 Nov 2024 | HK$44.4t | HK$43.4t | HK$3.7t | 9.7x | 12x | 1x |
| Tue, 01 Oct 2024 | HK$45.6t | HK$43.8t | HK$3.6t | 9.9x | 12.6x | 1x |
| Thu, 29 Aug 2024 | HK$40.6t | HK$43.4t | HK$3.6t | 8.8x | 11.4x | 0.9x |
| Sat, 27 Jul 2024 | HK$39.3t | HK$42.6t | HK$3.5t | 9.2x | 11.3x | 0.9x |
| Mon, 24 Jun 2024 | HK$41.2t | HK$43.1t | HK$3.4t | 9.5x | 12.1x | 1x |
| Wed, 22 May 2024 | HK$42.8t | HK$43.2t | HK$3.4t | 9.9x | 12.5x | 1x |
| Fri, 19 Apr 2024 | HK$39.2t | HK$43.2t | HK$3.4t | 9.1x | 11.5x | 0.9x |
| Sun, 17 Mar 2024 | HK$38.4t | HK$43.9t | HK$3.5t | 8.8x | 11.1x | 0.9x |
| Tue, 13 Feb 2024 | HK$36.4t | HK$43.5t | HK$3.3t | 8.7x | 10.9x | 0.8x |
| Thu, 11 Jan 2024 | HK$37.0t | HK$45.6t | HK$3.5t | 9.1x | 10.6x | 0.8x |
| Sat, 09 Dec 2023 | HK$37.2t | HK$45.8t | HK$3.5t | 8.9x | 10.7x | 0.8x |
| Mon, 06 Nov 2023 | HK$38.6t | HK$45.1t | HK$3.4t | 9x | 11.2x | 0.9x |
| Wed, 04 Oct 2023 | HK$39.4t | HK$45.0t | HK$3.4t | 9x | 11.5x | 0.9x |
| Fri, 01 Sep 2023 | HK$40.1t | HK$45.2t | HK$3.5t | 9.3x | 11.6x | 0.9x |
| Sun, 30 Jul 2023 | HK$43.0t | HK$46.0t | HK$3.7t | 9.7x | 11.6x | 0.9x |
| Tue, 27 Jun 2023 | HK$41.0t | HK$45.8t | HK$3.7t | 9.6x | 11.2x | 0.9x |
| Thu, 25 May 2023 | HK$42.4t | HK$46.7t | HK$3.7t | 9.5x | 11.4x | 0.9x |
| Sat, 22 Apr 2023 | HK$44.3t | HK$47.6t | HK$3.8t | 9.8x | 11.6x | 0.9x |
| Mon, 20 Mar 2023 | HK$43.1t | HK$47.4t | HK$4.1t | 8.8x | 10.5x | 0.9x |
| Wed, 15 Feb 2023 | HK$44.3t | HK$48.0t | HK$4.3t | 9x | 10.4x | 0.9x |
Price to Earnings Ratio
10.4x
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 12.3x.
Past Earnings Growth
- The earnings for companies in the Hong Kong industry have declined 2.2% per year over the last three years.
- Revenues have also declined 3.0% 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 Market | -1.98% | |
| Industrials | 1.00% | |
| Consumer Staples | 0.98% | |
| Real Estate | 0.88% | |
| Utilities | -0.24% | |
| Energy | -0.36% | |
| Consumer Discretionary | -0.72% | |
| Financials | -0.77% | |
| Healthcare | -1.52% | |
| Tech | -4.72% | |
| Materials | -5.36% | |
| Telecom | -7.08% | |
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 119x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.6%, 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 2.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 9992 Pop Mart International Group | HK$243.20 | 8.8% +HK$26.0b | 140.6% | PE42.3x | Consumer Discretionary | |
| 3328 Bank of Communications | HK$6.92 | 3.0% +HK$17.7b | 9.8% | PB0.4x | Financials | |
| 939 China Construction Bank | HK$7.97 | 0.8% +HK$15.7b | 26.5% | PB0.5x | Financials | |
| 1658 Postal Savings Bank of China | HK$5.23 | 2.5% +HK$15.6b | 14.4% | PB0.5x | Financials | |
| 66 MTR | HK$36.66 | 6.0% +HK$12.9b | 50.9% | PE13.1x | Industrials |
