Narrative Update • Jul 01
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Banks Industry Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies31
- 7D-0.7%
- 3M-5.9%
- 1Y-2.3%
- YTD-0.7%
In the last week, Banks has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 5.7% annually.
Industry Valuation and Performance
Has the Hong Kong Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | HK$11.6t | HK$3.8t | HK$1.7t | 5.3x | 6.7x | 3.1x |
| Fri, 05 Jun 2026 | HK$12.1t | HK$3.8t | HK$1.7t | 5.7x | 7x | 3.2x |
| Sun, 03 May 2026 | HK$12.4t | HK$3.8t | HK$1.7t | 6.1x | 7.2x | 3.3x |
| Tue, 31 Mar 2026 | HK$11.9t | HK$3.7t | HK$1.7t | 5.9x | 7.1x | 3.2x |
| Thu, 26 Feb 2026 | HK$11.6t | HK$3.7t | HK$1.7t | 5.7x | 6.9x | 3.1x |
| Sat, 24 Jan 2026 | HK$11.6t | HK$3.7t | HK$1.7t | 5.8x | 7x | 3.2x |
| Mon, 22 Dec 2025 | HK$12.2t | HK$3.6t | HK$1.6t | 5.8x | 7.5x | 3.4x |
| Wed, 19 Nov 2025 | HK$12.7t | HK$3.6t | HK$1.6t | 6x | 7.9x | 3.5x |
| Fri, 17 Oct 2025 | HK$11.9t | HK$3.6t | HK$1.6t | 6x | 7.5x | 3.4x |
| Sun, 14 Sep 2025 | HK$12.4t | HK$3.7t | HK$1.7t | 6.3x | 7.4x | 3.3x |
| Tue, 12 Aug 2025 | HK$12.4t | HK$3.7t | HK$1.7t | 5.8x | 7.4x | 3.3x |
| Thu, 10 Jul 2025 | HK$12.5t | HK$3.7t | HK$1.7t | 6.2x | 7.5x | 3.4x |
| Sat, 07 Jun 2025 | HK$10.9t | HK$3.7t | HK$1.7t | 5.6x | 6.6x | 3x |
| Mon, 05 May 2025 | HK$10.2t | HK$3.6t | HK$1.6t | 5.5x | 6.3x | 2.8x |
| Wed, 02 Apr 2025 | HK$10.3t | HK$3.7t | HK$1.7t | 5.5x | 6.2x | 2.8x |
| Fri, 28 Feb 2025 | HK$10.1t | HK$3.7t | HK$1.6t | 5.4x | 6.2x | 2.8x |
| Sun, 26 Jan 2025 | HK$9.7t | HK$3.7t | HK$1.6t | 5x | 6x | 2.6x |
| Tue, 24 Dec 2024 | HK$9.8t | HK$3.6t | HK$1.6t | 4.9x | 6.1x | 2.7x |
| Thu, 21 Nov 2024 | HK$9.2t | HK$3.6t | HK$1.6t | 4.8x | 5.7x | 2.6x |
| Sat, 19 Oct 2024 | HK$9.6t | HK$3.7t | HK$1.6t | 5x | 5.9x | 2.6x |
| Mon, 16 Sep 2024 | HK$8.5t | HK$3.7t | HK$1.6t | 4.4x | 5.2x | 2.3x |
| Wed, 14 Aug 2024 | HK$8.8t | HK$3.6t | HK$1.6t | 4.7x | 5.4x | 2.4x |
| Fri, 12 Jul 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Sun, 09 Jun 2024 | HK$8.7t | HK$3.6t | HK$1.6t | 4.8x | 5.4x | 2.4x |
| Tue, 07 May 2024 | HK$8.5t | HK$3.6t | HK$1.6t | 4.6x | 5.2x | 2.3x |
| Thu, 04 Apr 2024 | HK$8.2t | HK$3.7t | HK$1.6t | 4.4x | 5x | 2.2x |
| Sat, 02 Mar 2024 | HK$8.1t | HK$3.8t | HK$1.6t | 4.3x | 5x | 2.1x |
| Mon, 29 Jan 2024 | HK$7.7t | HK$3.7t | HK$1.6t | 4.2x | 4.9x | 2.1x |
| Wed, 27 Dec 2023 | HK$7.4t | HK$3.9t | HK$1.6t | 4.1x | 4.5x | 1.9x |
| Fri, 24 Nov 2023 | HK$7.5t | HK$3.9t | HK$1.6t | 4.5x | 4.6x | 1.9x |
| Sun, 22 Oct 2023 | HK$7.4t | HK$3.8t | HK$1.6t | 4.4x | 4.6x | 1.9x |
| Tue, 19 Sep 2023 | HK$7.3t | HK$3.8t | HK$1.6t | 4.5x | 4.5x | 1.9x |
| Thu, 17 Aug 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 4.7x | 4.5x | 1.9x |
| Sat, 15 Jul 2023 | HK$7.6t | HK$3.9t | HK$1.6t | 5.2x | 4.7x | 2x |
Price to Earnings Ratio
4.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.7x which is higher than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 2.5% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | 1.04% | |
| Financials | 0.40% | |
| Banks | -0.67% | |
| Regional Banks | 2.55% | |
| Diversified Banks | -0.77% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 6.1x.
- Analysts are expecting annual earnings growth of 5.6%, which is higher than its past year's earnings growth of 4.3% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 5.4x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
- This is better than its past earnings growth rate of 5.9% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.6% 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 | |
|---|---|---|---|---|---|
| 1398 Industrial and Commercial Bank of China | HK$6.82 | 6.1% +HK$139.0b | 11.8% | PB0.5x | |
| 1288 Agricultural Bank of China | HK$5.65 | 5.8% +HK$108.5b | 3.7% | PB0.5x | |
| 939 China Construction Bank | HK$8.28 | 2.6% +HK$54.9b | 0.7% | PB0.5x | |
| 3988 Bank of China | HK$5.09 | 2.0% +HK$32.2b | 9.5% | PB0.5x | |
| 2388 BOC Hong Kong (Holdings) | HK$45.42 | 7.2% +HK$32.1b | 27.0% | PB1.3x |
