Hong Kong (HSI) Gold Industry Analysis

UpdatedMay 06, 2026

DataAggregated Company Financials

Companies9

7D-1.9%
3M-27.5%
1Y60.7%
YTDn/a

Over the last 7 days, the Gold industry has dropped 4.1%, driven by a pullback from Zijin Gold International of 1.4%. This takes the industry's 12 month performance to a gain of 70%. As for the next few years, earnings are expected to grow by 21% per annum.

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
Wed, 06 May 2026	HK$551.4b	HK$95.1b	HK$25.2b	19.3x	21.9x	5.8x
Fri, 03 Apr 2026	HK$649.4b	HK$83.8b	HK$19.8b	20.4x	32.8x	7.8x
Sun, 01 Mar 2026	HK$815.6b	HK$68.9b	HK$11.1b	34.7x	73.3x	11.8x
Tue, 27 Jan 2026	HK$763.8b	HK$68.2b	HK$11.0b	33.3x	69.3x	11.2x
Thu, 25 Dec 2025	HK$578.5b	HK$67.7b	HK$11.0b	27.3x	52.8x	8.5x
Sat, 22 Nov 2025	HK$499.0b	HK$67.0b	HK$10.9b	28.1x	45.8x	7.4x
Mon, 20 Oct 2025	HK$556.7b	HK$66.3b	HK$10.8b	28.5x	51.4x	8.4x
Wed, 17 Sep 2025	HK$885.3b	HK$387.4b	HK$48.4b	19.2x	18.3x	2.3x
Fri, 15 Aug 2025	HK$726.9b	HK$367.4b	HK$42.3b	21.6x	17.2x	2x
Sun, 13 Jul 2025	HK$642.8b	HK$367.9b	HK$42.4b	22.6x	15.2x	1.7x
Tue, 10 Jun 2025	HK$616.2b	HK$367.3b	HK$42.3b	36.7x	14.6x	1.7x
Thu, 08 May 2025	HK$594.8b	HK$360.9b	HK$41.5b	21.6x	14.3x	1.6x
Sat, 05 Apr 2025	HK$545.5b	HK$353.2b	HK$36.9b	15.6x	14.8x	1.5x
Mon, 03 Mar 2025	HK$480.2b	HK$343.4b	HK$33.2b	15.8x	14.4x	1.4x
Wed, 29 Jan 2025	HK$498.0b	HK$345.7b	HK$33.5b	14.8x	14.9x	1.4x
Fri, 27 Dec 2024	HK$470.8b	HK$342.3b	HK$33.1b	15.7x	14.2x	1.4x
Sun, 24 Nov 2024	HK$487.4b	HK$345.5b	HK$33.4b	14.3x	14.6x	1.4x
Tue, 22 Oct 2024	HK$571.1b	HK$350.5b	HK$34.0b	15.1x	16.8x	1.6x
Thu, 19 Sep 2024	HK$475.8b	HK$346.0b	HK$30.2b	15.6x	15.8x	1.4x
Sat, 17 Aug 2024	HK$502.4b	HK$342.9b	HK$25.3b	17.5x	19.9x	1.5x
Mon, 15 Jul 2024	HK$574.4b	HK$339.4b	HK$25.0b	19.7x	22.9x	1.7x
Wed, 12 Jun 2024	HK$554.2b	HK$338.8b	HK$25.0b	18.5x	22.2x	1.6x
Fri, 10 May 2024	HK$548.2b	HK$340.3b	HK$25.1b	22.7x	21.8x	1.6x
Sun, 07 Apr 2024	HK$534.3b	HK$340.5b	HK$24.1b	25.9x	22.2x	1.6x
Tue, 05 Mar 2024	HK$411.8b	HK$341.4b	HK$22.1b	30.9x	18.6x	1.2x
Thu, 01 Feb 2024	HK$366.3b	HK$347.3b	HK$19.4b	25.5x	18.9x	1.1x
Sat, 30 Dec 2023	HK$393.1b	HK$347.2b	HK$19.4b	30.2x	20.3x	1.1x
Mon, 27 Nov 2023	HK$369.8b	HK$343.3b	HK$19.1b	40.6x	19.4x	1.1x
Wed, 25 Oct 2023	HK$366.2b	HK$333.1b	HK$16.6b	25x	22x	1.1x
Fri, 22 Sep 2023	HK$405.5b	HK$333.4b	HK$16.7b	21.4x	24.3x	1.2x
Sun, 20 Aug 2023	HK$374.0b	HK$324.1b	HK$18.6b	22.3x	20.1x	1.2x
Tue, 18 Jul 2023	HK$392.0b	HK$328.4b	HK$18.9b	16x	20.7x	1.2x
Thu, 15 Jun 2023	HK$376.1b	HK$329.7b	HK$19.0b	14.7x	19.8x	1.1x
Sat, 13 May 2023	HK$361.9b	HK$339.9b	HK$19.7b	19.6x	18.4x	1.1x

Price to Earnings Ratio

18.4x

Sat, 13 May 2023

Current Industry PE

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 22.1x which is lower than its 3-year average PE of 24.6x.

The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 5.9x.

Past Earnings Growth

The earnings for companies in the Gold industry have grown 8.6% per year over the last three years.
Meanwhile revenues for these companies have declined 35% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.