Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedMay 28, 2026
DataAggregated Company Financials
Companies8
- 7D-3.1%
- 3M-27.6%
- 1Y-15.4%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has dropped 4.3%, driven by Man Wah Holdings declining 2.7%. On the other hand Royale Home Holdings is actually up 8.2%. The industry has fallen 14% in the last year. Earnings are forecast to grow by 6.1% annually.
Industry Valuation and Performance
Has the Hong Kong Home Furnishings Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | HK$16.1b | HK$24.8b | HK$1.3b | 10x | 12.5x | 0.6x |
| Sat, 25 Apr 2026 | HK$19.0b | HK$25.0b | HK$1.5b | 10.5x | 12.2x | 0.8x |
| Mon, 23 Mar 2026 | HK$19.8b | HK$24.5b | HK$1.9b | 8.5x | 10.7x | 0.8x |
| Wed, 18 Feb 2026 | HK$22.2b | HK$24.5b | HK$1.9b | 9.7x | 11.9x | 0.9x |
| Fri, 16 Jan 2026 | HK$20.7b | HK$24.5b | HK$1.9b | 7.3x | 11x | 0.8x |
| Sun, 14 Dec 2025 | HK$20.1b | HK$24.5b | HK$1.9b | 6.9x | 10.7x | 0.8x |
| Tue, 11 Nov 2025 | HK$22.2b | HK$24.7b | HK$1.9b | 7.2x | 11.8x | 0.9x |
| Thu, 09 Oct 2025 | HK$19.1b | HK$24.7b | HK$1.9b | 6.9x | 10.2x | 0.8x |
| Sat, 06 Sep 2025 | HK$21.3b | HK$24.7b | HK$1.9b | 6.7x | 11.4x | 0.9x |
| Mon, 04 Aug 2025 | HK$20.0b | HK$25.9b | HK$224.2m | 6.1x | 89.4x | 0.8x |
| Wed, 02 Jul 2025 | HK$19.7b | HK$25.9b | HK$210.7m | 6.2x | 93.4x | 0.8x |
| Fri, 30 May 2025 | HK$19.1b | HK$25.9b | HK$220.1m | 6x | 86.7x | 0.7x |
| Sun, 27 Apr 2025 | HK$17.8b | HK$26.7b | HK$511.6m | 5.1x | 34.8x | 0.7x |
| Tue, 25 Mar 2025 | HK$20.8b | HK$26.6b | HK$308.0m | 6.3x | 67.6x | 0.8x |
| Thu, 20 Feb 2025 | HK$20.6b | HK$28.6b | HK$1.7b | 6.8x | 12x | 0.7x |
| Sat, 18 Jan 2025 | HK$20.7b | HK$28.6b | HK$1.7b | 6.3x | 12x | 0.7x |
| Mon, 16 Dec 2024 | HK$22.0b | HK$28.6b | HK$1.7b | 6.2x | 12.8x | 0.8x |
| Wed, 13 Nov 2024 | HK$23.0b | HK$29.3b | HK$1.7b | 5.9x | 13.4x | 0.8x |
| Fri, 11 Oct 2024 | HK$26.0b | HK$32.5b | HK$1.7b | 6.1x | 15.1x | 0.8x |
| Sun, 08 Sep 2024 | HK$22.1b | HK$32.5b | HK$1.7b | 6.4x | 12.8x | 0.7x |
| Tue, 06 Aug 2024 | HK$22.2b | HK$33.1b | HK$2.4b | 4.7x | 9.3x | 0.7x |
| Thu, 04 Jul 2024 | HK$24.4b | HK$33.0b | HK$2.4b | 4.6x | 10.2x | 0.7x |
| Sat, 01 Jun 2024 | HK$29.2b | HK$33.0b | HK$2.4b | 5.3x | 12.2x | 0.9x |
| Mon, 29 Apr 2024 | HK$26.3b | HK$31.6b | HK$2.0b | 5.4x | 12.9x | 0.8x |
| Wed, 27 Mar 2024 | HK$26.1b | HK$30.7b | HK$2.4b | 5.9x | 10.7x | 0.8x |
| Fri, 23 Feb 2024 | HK$24.5b | HK$31.1b | HK$2.4b | 7.4x | 10.2x | 0.8x |
| Sun, 21 Jan 2024 | HK$23.7b | HK$31.1b | HK$2.4b | 5.9x | 9.9x | 0.8x |
| Tue, 19 Dec 2023 | HK$25.9b | HK$31.1b | HK$2.4b | 5.2x | 10.8x | 0.8x |
| Thu, 16 Nov 2023 | HK$27.9b | HK$31.4b | HK$2.4b | 6x | 11.9x | 0.9x |
| Sat, 14 Oct 2023 | HK$26.4b | HK$31.4b | HK$2.3b | 6.1x | 11.3x | 0.8x |
| Mon, 11 Sep 2023 | HK$29.5b | HK$31.4b | HK$2.3b | 6x | 12.6x | 0.9x |
| Wed, 09 Aug 2023 | HK$31.1b | HK$32.9b | HK$2.5b | 8.8x | 12.4x | 0.9x |
| Fri, 07 Jul 2023 | HK$27.1b | HK$32.9b | HK$2.5b | 8.5x | 10.8x | 0.8x |
| Sun, 04 Jun 2023 | HK$28.0b | HK$33.0b | HK$2.5b | 8.2x | 11.1x | 0.8x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Home Furnishings industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 28.6x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Home Furnishings industry have declined 20% per year over the last three years,
- Revenues have also declined 9.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Home Furnishings compare with similar industries?
| HK Market | -1.59% | |
| Consumer Discretionary | -1.31% | |
| Consumer Durables | -3.58% | |
| Home Furnishings | -3.15% | |
| Housewares and Specialties | 4.77% | |
| Household Appliances | -2.14% | |
| Homebuilding | -3.68% | |
| Consumer Electronics | -5.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1198 Royale Home Holdings | HK$0.10 | 8.2% +HK$20.8m | -59.6% | PS0.6x | |
| 1418 Sinomax Group | HK$0.16 | 4.5% +HK$12.3m | -42.8% | PE4.7x |