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Hong Kong (HSI) Electrical Industry Analysis
UpdatedApr 08, 2026
DataAggregated Company Financials
Companies37
- 7D2.5%
- 3M7.0%
- 1Y130.1%
- YTD8.7%
The Electrical is pretty flat in the last 7 days, but Dongfang Electric has stood out, gaining 3.9%. The past year has been better, since the industry has gained 136% in that time. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Apr 2026 | HK$469.9b | HK$447.5b | -HK$1,923,228,146.56 | 18.1x | -244.3x | 1.1x |
| Fri, 06 Mar 2026 | HK$546.0b | HK$433.5b | -HK$4,953,255,867.55 | 17.3x | -110.2x | 1.3x |
| Sun, 01 Feb 2026 | HK$441.7b | HK$429.6b | -HK$5,069,741,643.95 | 17.6x | -87.1x | 1x |
| Tue, 30 Dec 2025 | HK$424.5b | HK$425.3b | -HK$4,965,171,323.39 | 17.3x | -85.5x | 1x |
| Thu, 27 Nov 2025 | HK$378.6b | HK$418.7b | -HK$5,044,988,531.10 | 19.3x | -75x | 0.9x |
| Sat, 25 Oct 2025 | HK$368.9b | HK$411.1b | -HK$6,412,924,516.90 | 18x | -57.5x | 0.9x |
| Mon, 22 Sep 2025 | HK$344.7b | HK$411.7b | -HK$6,355,874,709.66 | 16.7x | -54.2x | 0.8x |
| Wed, 20 Aug 2025 | HK$331.8b | HK$386.4b | -HK$8,233,849,397.03 | 17.5x | -40.3x | 0.9x |
| Fri, 18 Jul 2025 | HK$292.0b | HK$379.8b | -HK$8,702,959,034.87 | 14.2x | -33.6x | 0.8x |
| Sun, 15 Jun 2025 | HK$278.0b | HK$379.6b | -HK$8,591,442,573.24 | 14.8x | -32.4x | 0.7x |
| Tue, 13 May 2025 | HK$266.0b | HK$375.5b | -HK$8,498,851,130.89 | 14.2x | -31.3x | 0.7x |
| Thu, 10 Apr 2025 | HK$212.1b | HK$358.2b | -HK$8,855,759,619.82 | 9.4x | -24x | 0.6x |
| Sat, 08 Mar 2025 | HK$240.1b | HK$343.0b | -HK$1,704,175,586.86 | 8.3x | -140.9x | 0.7x |
| Mon, 03 Feb 2025 | HK$221.6b | HK$343.4b | -HK$1,742,223,253.33 | 7.9x | -127.2x | 0.6x |
| Wed, 01 Jan 2025 | HK$235.8b | HK$340.0b | -HK$1,749,402,229.75 | 8.3x | -134.8x | 0.7x |
| Fri, 29 Nov 2024 | HK$252.3b | HK$343.1b | -HK$1,691,153,367.00 | 9.6x | -149.2x | 0.7x |
| Sun, 27 Oct 2024 | HK$223.7b | HK$345.4b | -HK$1,727,958,431.09 | 9.1x | -129.4x | 0.6x |
| Tue, 24 Sep 2024 | HK$175.2b | HK$349.6b | -HK$2,127,162,574.81 | 7x | -82.4x | 0.5x |
| Thu, 22 Aug 2024 | HK$190.1b | HK$339.9b | -HK$693,971,192.76 | 8.5x | -273.9x | 0.6x |
| Sat, 20 Jul 2024 | HK$196.5b | HK$334.3b | -HK$629,943,909.77 | 9.2x | -311.9x | 0.6x |
| Mon, 17 Jun 2024 | HK$195.1b | HK$335.0b | -HK$628,870,871.26 | 10.2x | -310.2x | 0.6x |
| Wed, 15 May 2024 | HK$200.6b | HK$335.9b | -HK$622,864,241.07 | 9.8x | -322.1x | 0.6x |
| Fri, 12 Apr 2024 | HK$191.5b | HK$338.2b | HK$2.0b | 8.3x | 94.9x | 0.6x |
| Sun, 10 Mar 2024 | HK$186.0b | HK$337.8b | HK$1.7b | 7.5x | 109.8x | 0.6x |
| Tue, 06 Feb 2024 | HK$175.6b | HK$340.5b | HK$1.7b | 5.9x | 100.7x | 0.5x |
| Thu, 04 Jan 2024 | HK$202.5b | HK$359.8b | HK$1.9b | 7.3x | 107.6x | 0.6x |
| Sat, 02 Dec 2023 | HK$150.1b | HK$340.6b | HK$2.7b | 7.4x | 56x | 0.4x |
| Mon, 30 Oct 2023 | HK$150.7b | HK$335.2b | HK$1.6b | 8.4x | 91.6x | 0.4x |
| Wed, 27 Sep 2023 | HK$153.0b | HK$335.6b | HK$1.7b | 9.7x | 90.7x | 0.5x |
| Fri, 25 Aug 2023 | HK$156.7b | HK$326.3b | HK$471.6m | 11.3x | 332.2x | 0.5x |
| Sun, 23 Jul 2023 | HK$168.1b | HK$329.3b | HK$402.6m | 10.2x | 417.6x | 0.5x |
| Tue, 20 Jun 2023 | HK$171.1b | HK$329.6b | HK$357.3m | 10.4x | 478.9x | 0.5x |
| Thu, 18 May 2023 | HK$178.4b | HK$337.0b | HK$369.4m | 10.4x | 482.8x | 0.5x |
| Sat, 15 Apr 2023 | HK$181.3b | HK$349.5b | HK$51.5m | 10.8x | 3522.7x | 0.5x |
Price to Earnings Ratio
3522.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Electrical industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 0.68x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Electrical industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 8.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 1.65% | |
| Industrials | 2.38% | |
| Electrical | 2.47% | |
| Heavy Electrical Equipment | 3.50% | |
| Electrical Components | -0.17% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 248x.
- Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings decline of 14.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 1072 Dongfang Electric | HK$39.08 | 6.5% +HK$8.3b | 318.0% | PE30.8x | |
| 1133 Harbin Electric | HK$23.42 | 7.5% +HK$3.7b | 509.9% | PE17.1x | |
| 1729 Time Interconnect Technology | HK$17.90 | 9.9% +HK$3.4b | 395.8% | PE47.8x | |
| 2655 Guoxia Technology | HK$52.95 | 10.7% +HK$2.7b | n/a | PE232.4x | |
| 2727 Shanghai Electric Group | HK$4.05 | 4.4% +HK$2.6b | 70.9% | PE45.5x |
