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Hong Kong (HSI) Market Analysis & Valuation

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies2268
  • 7D0.5%
  • 3M13.1%
  • 1Y43.4%
  • YTD32.4%

In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 3.4%. As for the longer term, the market has risen 43% in the past 12 months. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025HK$57.4tHK$43.5tHK$3.9t12.6x14.7x1.3x
Mon, 21 Jul 2025HK$54.7tHK$43.6tHK$3.9t11.8x14x1.3x
Wed, 18 Jun 2025HK$51.9tHK$43.6tHK$3.9t11.2x13.4x1.2x
Fri, 16 May 2025HK$50.0tHK$43.1tHK$3.8t11x13.1x1.2x
Sun, 13 Apr 2025HK$45.6tHK$42.6tHK$3.7t10.1x12.2x1.1x
Tue, 11 Mar 2025HK$48.4tHK$43.3tHK$3.5t10.5x13.7x1.1x
Thu, 06 Feb 2025HK$44.4tHK$43.2tHK$3.5t9.9x12.6x1x
Sat, 04 Jan 2025HK$43.9tHK$42.6tHK$3.6t9.9x12.1x1x
Mon, 02 Dec 2024HK$43.0tHK$42.9tHK$3.7t9.9x11.7x1x
Wed, 30 Oct 2024HK$44.5tHK$43.3tHK$3.6t9.8x12.4x1x
Fri, 27 Sep 2024HK$43.1tHK$44.0tHK$3.6t9.3x11.9x1x
Sun, 25 Aug 2024HK$40.3tHK$43.4tHK$3.6t8.7x11.3x0.9x
Tue, 23 Jul 2024HK$40.4tHK$42.5tHK$3.5t9.4x11.7x1x
Thu, 20 Jun 2024HK$41.7tHK$43.2tHK$3.4t9.6x12.2x1x
Sat, 18 May 2024HK$43.1tHK$43.2tHK$3.4t10x12.6x1x
Mon, 15 Apr 2024HK$39.0tHK$43.3tHK$3.4t9.2x11.4x0.9x
Wed, 13 Mar 2024HK$38.7tHK$43.9tHK$3.4t8.9x11.2x0.9x
Fri, 09 Feb 2024HK$36.5tHK$44.0tHK$3.4t8.6x10.9x0.8x
Sun, 07 Jan 2024HK$37.8tHK$46.0tHK$3.5t9.2x10.9x0.8x
Tue, 05 Dec 2023HK$37.9tHK$45.9tHK$3.5t9x10.9x0.8x
Thu, 02 Nov 2023HK$37.9tHK$45.0tHK$3.4t8.9x11x0.8x
Sat, 30 Sep 2023HK$39.4tHK$45.0tHK$3.4t9.2x11.5x0.9x
Mon, 28 Aug 2023HK$39.6tHK$45.6tHK$3.6t9.4x11x0.9x
Wed, 26 Jul 2023HK$42.0tHK$46.1tHK$3.7t9.4x11.4x0.9x
Fri, 23 Jun 2023HK$39.2tHK$44.7tHK$3.1t9.7x12.8x0.9x
Sun, 21 May 2023HK$43.5tHK$46.9tHK$3.7t9.7x11.7x0.9x
Tue, 18 Apr 2023HK$45.5tHK$47.6tHK$3.8t9.9x11.9x1x
Thu, 16 Mar 2023HK$43.1tHK$47.7tHK$4.1t8.7x10.4x0.9x
Sat, 11 Feb 2023HK$44.3tHK$48.0tHK$4.3t9x10.4x0.9x
Mon, 09 Jan 2023HK$43.6tHK$47.6tHK$4.2t8.9x10.3x0.9x
Wed, 07 Dec 2022HK$41.6tHK$46.6tHK$4.2t8.7x10x0.9x
Fri, 04 Nov 2022HK$35.2tHK$45.3tHK$4.0t8x8.8x0.8x
Sun, 02 Oct 2022HK$37.3tHK$45.6tHK$4.0t8.3x9.3x0.8x
Tue, 30 Aug 2022HK$41.9tHK$47.0tHK$4.3t8.9x9.8x0.9x
Price to Earnings Ratio

9.8x


Total Market Cap: HK$41.9tTotal Earnings: HK$4.3tTotal Revenue: HK$47.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.6x202320242025
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 14.7x which is higher than its 3-year average PE of 11.6x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 2.9% per year over the last three years.
  • Revenues have also declined 2.5% 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 Market0.48%
Consumer Discretionary3.43%
Tech1.42%
Telecom1.18%
Consumer Staples1.08%
Healthcare0.91%
Financials0.40%
Industrials-0.37%
Real Estate-0.55%
Utilities-1.38%
Energy-1.77%
Materials-2.45%
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 238x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.0% which is higher than its past year's earnings decline of 0.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 0.7% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat 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$600.001.4%
+HK$70.7b
59.7%PE24xTelecom
9992 Pop Mart International GroupHK$320.4018.1%
+HK$65.1b
571.0%PE57.6xConsumer Discretionary
941 China MobileHK$89.801.8%
+HK$33.5b
19.7%PE12.5xTelecom
981 Semiconductor Manufacturing InternationalHK$56.907.9%
+HK$33.1b
248.2%PE100.7xTech
1288 Agricultural Bank of ChinaHK$5.501.7%
+HK$31.5b
52.4%PB0.6xFinancials
See more

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