Has the Hong Kong Gold Industry valuation changed over the past few years?

Investors are pessimistic on the Hong Kong Gold 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 18.4x which is lower than its 3-year average PE of 24.3x. The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.9x.

How does Hong Kong Gold compare with similar industries?

There are no additional sub-industries under this industry.

Hong Kong (HSI) Gold Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 18 Aug 2026	HK$497.3b	HK$102.5b	HK$28.0b	16.9x	17.8x	4.9x
Thu, 16 Jul 2026	HK$366.6b	HK$95.9b	HK$25.7b	11.8x	14.3x	3.8x
Sat, 13 Jun 2026	HK$391.6b	HK$95.5b	HK$25.3b	12.5x	15.5x	4.1x
Mon, 11 May 2026	HK$629.0b	HK$95.2b	HK$25.2b	21x	24.9x	6.6x
Wed, 08 Apr 2026	HK$649.4b	HK$83.9b	HK$19.8b	20.4x	32.8x	7.7x
Fri, 06 Mar 2026	HK$742.0b	HK$68.7b	HK$11.1b	32x	66.9x	10.8x
Sun, 01 Feb 2026	HK$774.5b	HK$68.4b	HK$11.0b	32.1x	70.1x	11.3x
Tue, 30 Dec 2025	HK$546.4b	HK$67.7b	HK$11.0b	26.5x	49.9x	8.1x
Thu, 27 Nov 2025	HK$514.1b	HK$67.1b	HK$10.9b	28.3x	47.2x	7.7x
Sat, 25 Oct 2025	HK$493.9b	HK$66.3b	HK$10.8b	28.7x	45.6x	7.5x
Mon, 22 Sep 2025	HK$871.6b	HK$387.0b	HK$48.3b	19.2x	18x	2.3x
Wed, 20 Aug 2025	HK$696.2b	HK$365.1b	HK$42.0b	22.5x	16.6x	1.9x
Fri, 18 Jul 2025	HK$648.8b	HK$367.2b	HK$42.3b	22.7x	15.3x	1.8x
Sun, 15 Jun 2025	HK$662.7b	HK$367.3b	HK$42.3b	37.6x	15.7x	1.8x
Tue, 13 May 2025	HK$577.8b	HK$363.1b	HK$41.8b	21.2x	13.8x	1.6x
Thu, 10 Apr 2025	HK$504.2b	HK$349.3b	HK$36.5b	15.7x	13.8x	1.4x
Sat, 08 Mar 2025	HK$519.1b	HK$345.5b	HK$33.4b	17.3x	15.5x	1.5x
Mon, 03 Feb 2025	HK$498.2b	HK$345.6b	HK$33.5b	14.8x	14.9x	1.4x
Wed, 01 Jan 2025	HK$470.4b	HK$342.1b	HK$33.1b	16x	14.2x	1.4x
Fri, 29 Nov 2024	HK$478.6b	HK$345.3b	HK$33.4b	14.7x	14.3x	1.4x
Sun, 27 Oct 2024	HK$543.6b	HK$350.1b	HK$34.0b	14.8x	16x	1.6x
Tue, 24 Sep 2024	HK$510.3b	HK$348.0b	HK$30.4b	15.3x	16.8x	1.5x
Thu, 22 Aug 2024	HK$516.3b	HK$344.3b	HK$25.4b	17.7x	20.3x	1.5x
Sat, 20 Jul 2024	HK$552.2b	HK$338.6b	HK$25.0b	18.6x	22.1x	1.6x
Mon, 17 Jun 2024	HK$525.8b	HK$338.8b	HK$25.0b	18.6x	21x	1.6x
Wed, 15 May 2024	HK$572.0b	HK$339.7b	HK$25.1b	23.1x	22.8x	1.7x
Fri, 12 Apr 2024	HK$556.6b	HK$340.5b	HK$24.1b	25.3x	23.1x	1.6x
Sun, 10 Mar 2024	HK$455.9b	HK$341.9b	HK$22.1b	30.9x	20.6x	1.3x
Tue, 06 Feb 2024	HK$367.8b	HK$345.2b	HK$22.4b	25x	16.5x	1.1x
Thu, 04 Jan 2024	HK$391.9b	HK$344.5b	HK$19.2b	30.5x	20.4x	1.1x
Sat, 02 Dec 2023	HK$378.3b	HK$344.6b	HK$19.2b	38x	19.7x	1.1x
Mon, 30 Oct 2023	HK$372.1b	HK$336.0b	HK$18.6b	27.3x	20x	1.1x
Wed, 27 Sep 2023	HK$391.8b	HK$333.2b	HK$16.6b	21.4x	23.5x	1.2x
Fri, 25 Aug 2023	HK$390.4b	HK$324.7b	HK$18.6b	22.4x	21x	1.2x


HK Market	-0.86%
Materials	-3.57%
Metals and Mining	-3.87%
Gold	-6.18%
Steel	-1.22%
Diversified Metals and Mining	-1.65%
Aluminum	-3.22%
Copper	-3.70%
Silver	-13.85%

	Company	Last Price	7D	1Y	Valuation
	2489 Persistence Resources Group	HK$0.87	1.8% +HK$36.0m	-39.6%	PE14.9x

Announcement • Jul 27

Persistence Gold Group Ltd Announces Board and Committee Changes, Effective July 27, 2026

Persistence Gold Group Ltd. announced that Dr. Shao Xuxin tendered his resignation from the position of Chairman of the Board for personal health reasons and stepped down from his role as the Chairman with effect from July 27, 2026, but continued to serve as an executive Director and a member of the Nomination Committee and the Remuneration Committee of the Company. Dr. Malaihollo Jeffrey Francis A, an executive Director, was appointed as the Chairman with effect from July 27, 2026. Dr. Malaihollo was also appointed as the chairman of the Nomination Committee with effect from July 27, 2026. Dr. Shao Xuxin, aged 63, born in July 1963, obtained a bachelor’s degree in mineral processing from Wuhan Institute of Technology (formerly known as Wuhan Institute of Chemical Technology), and a doctor of philosophy degree in mineral processing from China University of Mining & Technology Beijing. He was appointed as a Director of the Company in May 2019 and was subsequently re-designated as an executive Director of the Company and appointed as the Chairman of the Board and the chief executive officer in March 2022. He has also been serving as an adviser of Majestic Gold Corp. since 2004. From July 1990 to September 1996, he served as a lecturer, associate professor and deputy department head of the Department of Mineral Processing at China University of Mining & Technology-Beijing, a research scientist for the Centre for Applied Energy Research at the University of Kentucky, the United States from October 1996 to December 1997, a process metallurgist at Process Research Associates Ltd. from February 1998 to April 1998, the project manager at Atlantic Gold Corporation (formerly known as Spur Ventures Inc.) from July 1998 to March 2003, the director, president and chief financial officer at Sterling Group Ventures Inc. from January 2004 to April 2016, the adviser at Bullabulling Gold (UK) Limited from March 2004 to August 2008, the director at Delta 9 Cannabis Inc. from September 2006 to April 2008, and the director of a subsidiary of Goldrea Resources Corp. from April 2010 to March 2014. From July 2004 to June 2026, he served as a director of Majestic Yantai Gold Ltd. Dr. Shao is a director of certain subsidiaries of the Group. Dr. Malaihollo Jeffrey Francis A, aged 60, born in June 1966, obtained a bachelor’s degree in arts with a major in geological sciences from University of California, Santa Barbara and a doctor of philosophy degree from the University of London. He is currently a fellow of each of the Australasian Institute of Mining and Metallurgy (FAusIMM) and Geological Society of London and a member of the Geological Society of America. He was appointed as an independent non-executive Director of the Company in November 2023 and was re-designated as an executive Director of the Company in April 2026. From June 2000 to August 2010, he served as a director and the head of research of Loeb Aron & Company Ltd. He was the managing director and director of Bullabulling Gold (UK) Limited from November 2004 to June 2012, a director of Bullabulling Gold Limited from September 2011 to July 2012, managing director and chief executive director of Cyprium Metals Limited from October 2013 to October 2016, and non-executive chairman of Shuka Minerals PLC from September 2016 to July 2022 and he served as a non-executive director of Copper Lake Resources Ltd. from July 2016 to June 2025. Dr. Malaihollo shall continue to hold his existing responsibilities as Executive Director, primarily responsible for business development in particular in sourcing overseas gold mining investment opportunities and overseeing their post-investment operations. Dr. Malaihollo will leverage his extensive experience and professional expertise in geology and mining to actively participate in the evaluation and advancement of the Group’s ongoing due diligence in respect of overseas projects, and supervise the Company’s overseas business. He is further appointed to concurrently hold the role of Chairman.

Hong Kong (HSI) Gold Industry Analysis

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Latest News

Second quarter 2026 earnings released: EPS: US$0.24 (vs US$0.16 in 2Q 2025)

Lingbao Gold Group Company Ltd. to Report First Half, 2026 Results on Aug 26, 2026

Tongguan Gold Group Limited to Report First Half, 2026 Results on Aug 25, 2026

Zhaojin Mining Industry Company Limited to Report First Half, 2026 Results on Aug 21, 2026

Dragon Mining Limited to Report First Half, 2026 Results on Aug 19, 2026

Success Dragon International Holdings' (HKG:1182) Earnings Are Of Questionable Quality

Persistence Gold Group Ltd Announces Board and Committee Changes, Effective July 27, 2026

Taung Gold International Limited, Annual General Meeting, Aug 28, 2026

GT Gold Holdings Limited, Annual General Meeting, Sep 16, 2026