Are Investors Undervaluing Zhaojin Mining Industry Company Limited (HKG:1818) By 48%?
Jan 02
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Hong Kong (HSI) Gold Industry Analysis
UpdatedJan 13, 2026
DataAggregated Company Financials
Companies9
- 7D8.0%
- 3M11.3%
- 1Y231.6%
- YTDn/a
The Gold industry is up 4.3% in the last week, with Zhaojin Mining Industry up 12%. During this same period, the Taung Gold International underperformed, falling 5.9%. In the last 12 months, the industry was up 228%. Earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Hong Kong Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 13 Jan 2026 | HK$592.5b | HK$68.1b | HK$11.0b | 29.2x | 53.8x | 8.7x |
| Thu, 11 Dec 2025 | HK$531.4b | HK$67.5b | HK$10.9b | 28.8x | 48.6x | 7.9x |
| Sat, 08 Nov 2025 | HK$520.0b | HK$66.4b | HK$10.8b | 26.5x | 48x | 7.8x |
| Mon, 06 Oct 2025 | HK$1.4t | HK$415.0b | HK$54.5b | 28.5x | 25.3x | 3.3x |
| Wed, 03 Sep 2025 | HK$841.0b | HK$386.9b | HK$48.3b | 19.7x | 17.4x | 2.2x |
| Fri, 01 Aug 2025 | HK$650.3b | HK$366.5b | HK$42.2b | 20.6x | 15.4x | 1.8x |
| Sun, 29 Jun 2025 | HK$667.9b | HK$367.5b | HK$42.3b | 27.5x | 15.8x | 1.8x |
| Tue, 27 May 2025 | HK$628.3b | HK$366.3b | HK$42.2b | 30.6x | 14.9x | 1.7x |
| Thu, 24 Apr 2025 | HK$576.3b | HK$357.7b | HK$41.2b | 19.9x | 14x | 1.6x |
| Sat, 22 Mar 2025 | HK$556.8b | HK$344.4b | HK$33.2b | 18.3x | 16.8x | 1.6x |
| Mon, 17 Feb 2025 | HK$544.1b | HK$345.0b | HK$33.4b | 15.4x | 16.3x | 1.6x |
| Wed, 15 Jan 2025 | HK$501.3b | HK$341.6b | HK$33.1b | 14.7x | 15.2x | 1.5x |
| Fri, 13 Dec 2024 | HK$499.9b | HK$344.2b | HK$33.3b | 16.2x | 15x | 1.5x |
| Sun, 10 Nov 2024 | HK$530.7b | HK$347.9b | HK$33.7b | 14.4x | 15.7x | 1.5x |
| Tue, 08 Oct 2024 | HK$576.6b | HK$348.5b | HK$30.4b | 16.4x | 19x | 1.7x |
| Thu, 05 Sep 2024 | HK$465.2b | HK$345.1b | HK$30.1b | 15.5x | 15.4x | 1.3x |
| Sat, 03 Aug 2024 | HK$504.1b | HK$341.7b | HK$25.2b | 18x | 20x | 1.5x |
| Mon, 01 Jul 2024 | HK$539.9b | HK$338.7b | HK$25.0b | 18.6x | 21.6x | 1.6x |
| Wed, 29 May 2024 | HK$560.8b | HK$339.2b | HK$25.0b | 20.8x | 22.4x | 1.7x |
| Fri, 26 Apr 2024 | HK$535.7b | HK$340.0b | HK$25.1b | 23.1x | 21.3x | 1.6x |
| Sun, 24 Mar 2024 | HK$467.0b | HK$342.3b | HK$24.0b | 17.5x | 19.5x | 1.4x |
| Tue, 20 Feb 2024 | HK$391.2b | HK$341.4b | HK$22.1b | 27.7x | 17.7x | 1.1x |
| Thu, 18 Jan 2024 | HK$359.3b | HK$343.0b | HK$19.1b | 26.3x | 18.8x | 1x |
| Sat, 16 Dec 2023 | HK$367.9b | HK$346.0b | HK$19.2b | 38.8x | 19.1x | 1.1x |
| Mon, 13 Nov 2023 | HK$360.7b | HK$337.5b | HK$18.7b | 47.8x | 19.3x | 1.1x |
| Wed, 11 Oct 2023 | HK$378.4b | HK$333.6b | HK$16.7b | 22.2x | 22.7x | 1.1x |
| Fri, 08 Sep 2023 | HK$400.9b | HK$333.1b | HK$16.6b | 26.4x | 24.1x | 1.2x |
| Sun, 06 Aug 2023 | HK$401.2b | HK$328.2b | HK$18.8b | 21.7x | 21.3x | 1.2x |
| Tue, 04 Jul 2023 | HK$372.5b | HK$325.7b | HK$18.8b | 15.1x | 19.9x | 1.1x |
| Thu, 01 Jun 2023 | HK$346.1b | HK$332.3b | HK$19.2b | 18.7x | 18x | 1x |
| Sat, 29 Apr 2023 | HK$420.4b | HK$330.3b | HK$20.6b | 18.4x | 20.4x | 1.3x |
| Mon, 27 Mar 2023 | HK$399.9b | HK$331.7b | HK$20.8b | 14.4x | 19.2x | 1.2x |
| Wed, 22 Feb 2023 | HK$391.2b | HK$315.5b | HK$21.5b | 14.2x | 18.2x | 1.2x |
| Fri, 20 Jan 2023 | HK$382.1b | HK$319.2b | HK$21.8b | 12.8x | 17.5x | 1.2x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Gold industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.9x which is higher than its 3-year average PE of 21.1x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 8.5x.
Past Earnings Growth
- The earnings for companies in the Gold industry have declined 20% per year over the last three years,
- Revenues have also declined 40% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | 1.52% | |
| Materials | 6.29% | |
| Metals and Mining | 6.57% | |
| Gold | 8.02% | |
| Diversified Metals and Mining | 7.58% | |
| Aluminum | 6.59% | |
| Copper | 4.60% | |
| Steel | 2.50% | |
| Silver | 1.35% | |
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 | |
|---|---|---|---|---|---|
| 2259 Zijin Gold International | HK$153.00 | 6.5% +HK$24.9b | n/a | PE66.7x | |
| 1818 Zhaojin Mining Industry | HK$36.54 | 13.8% +HK$15.7b | 200.5% | PE47.9x | |
| 3330 Lingbao Gold Group | HK$20.46 | 7.1% +HK$1.8b | 399.0% | PE20.5x | |
| 340 Tongguan Gold Group | HK$3.16 | 9.3% +HK$1.4b | 565.3% | PE35.6x | |
| 2489 Persistence Resources Group | HK$1.14 | 3.6% +HK$96.0m | 35.7% | PE22.8x |
