What Vtech Holdings Limited's (HKG:303) P/E Is Not Telling You
Jan 16
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Hong Kong (HSI) Communications Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies21
- 7D2.8%
- 3M8.6%
- 1Y43.4%
- YTD-0.8%
Over the last 7 days, the Communications industry has dropped 1.4%, driven by a pullback from Transtech Optelecom Science Holdings of 38%. Over the past 12 months, the industry was up 43%. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Hong Kong Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | HK$187.5b | HK$247.9b | HK$6.4b | 14.1x | 29.4x | 0.8x |
| Mon, 15 Dec 2025 | HK$175.1b | HK$244.6b | HK$6.3b | 14.2x | 27.8x | 0.7x |
| Wed, 12 Nov 2025 | HK$162.1b | HK$243.1b | HK$6.3b | 13.7x | 25.6x | 0.7x |
| Fri, 10 Oct 2025 | HK$195.7b | HK$242.6b | HK$6.4b | 13.2x | 30.7x | 0.8x |
| Sun, 07 Sep 2025 | HK$186.7b | HK$242.8b | HK$6.4b | 12.7x | 29.3x | 0.8x |
| Tue, 05 Aug 2025 | HK$138.0b | HK$240.6b | HK$6.1b | 14.1x | 22.8x | 0.6x |
| Thu, 03 Jul 2025 | HK$125.8b | HK$240.8b | HK$6.0b | 13.8x | 20.8x | 0.5x |
| Sat, 31 May 2025 | HK$117.3b | HK$239.8b | HK$6.0b | 12.8x | 19.5x | 0.5x |
| Mon, 28 Apr 2025 | HK$123.5b | HK$233.4b | HK$5.8b | 13.7x | 21.3x | 0.5x |
| Wed, 26 Mar 2025 | HK$146.7b | HK$234.8b | HK$6.5b | 14.5x | 22.5x | 0.6x |
| Fri, 21 Feb 2025 | HK$175.0b | HK$208.1b | HK$6.7b | 12.7x | 26.3x | 0.8x |
| Sun, 19 Jan 2025 | HK$128.0b | HK$206.6b | HK$6.6b | 10.5x | 19.3x | 0.6x |
| Tue, 17 Dec 2024 | HK$131.4b | HK$207.4b | HK$6.6b | 10.3x | 19.8x | 0.6x |
| Thu, 14 Nov 2024 | HK$109.2b | HK$209.3b | HK$6.7b | 10.1x | 16.3x | 0.5x |
| Sat, 12 Oct 2024 | HK$116.3b | HK$212.9b | HK$6.9b | 10.9x | 16.8x | 0.5x |
| Mon, 09 Sep 2024 | HK$97.6b | HK$213.1b | HK$6.9b | 9.5x | 14x | 0.5x |
| Wed, 07 Aug 2024 | HK$97.6b | HK$189.3b | HK$7.4b | 12.5x | 13.3x | 0.5x |
| Fri, 05 Jul 2024 | HK$121.4b | HK$186.6b | HK$7.2b | 16.2x | 16.8x | 0.7x |
| Sun, 02 Jun 2024 | HK$113.0b | HK$187.4b | HK$7.2b | 13.8x | 15.6x | 0.6x |
| Tue, 30 Apr 2024 | HK$96.0b | HK$189.0b | HK$7.4b | 12.8x | 13x | 0.5x |
| Thu, 28 Mar 2024 | HK$99.0b | HK$189.8b | HK$7.1b | 11.9x | 13.9x | 0.5x |
| Sat, 24 Feb 2024 | HK$99.6b | HK$179.9b | HK$5.1b | 9.3x | 19.4x | 0.6x |
| Mon, 22 Jan 2024 | HK$101.5b | HK$181.3b | HK$5.1b | 9.1x | 19.9x | 0.6x |
| Wed, 20 Dec 2023 | HK$107.8b | HK$181.3b | HK$5.1b | 10.2x | 21.1x | 0.6x |
| Fri, 17 Nov 2023 | HK$122.4b | HK$179.0b | HK$5.0b | 10.1x | 24.7x | 0.7x |
| Sun, 15 Oct 2023 | HK$130.1b | HK$179.3b | HK$5.0b | 10.9x | 25.9x | 0.7x |
| Tue, 12 Sep 2023 | HK$122.5b | HK$179.6b | HK$5.0b | 11.3x | 24.4x | 0.7x |
| Thu, 10 Aug 2023 | HK$109.4b | HK$166.9b | HK$3.6b | 14.9x | 30.1x | 0.7x |
| Sat, 08 Jul 2023 | HK$99.7b | HK$166.8b | HK$3.6b | 17.1x | 27.5x | 0.6x |
| Mon, 05 Jun 2023 | HK$98.0b | HK$169.8b | HK$3.6b | 12.9x | 27.1x | 0.6x |
| Wed, 03 May 2023 | HK$99.5b | HK$174.9b | HK$3.9b | 14x | 25.4x | 0.6x |
| Fri, 31 Mar 2023 | HK$99.1b | HK$176.3b | HK$3.9b | 13.4x | 25.4x | 0.6x |
| Sun, 26 Feb 2023 | HK$102.2b | HK$152.8b | HK$2.6b | 11.7x | 38.6x | 0.7x |
| Tue, 24 Jan 2023 | HK$108.4b | HK$155.5b | HK$2.7b | 11.4x | 40.1x | 0.7x |
Price to Earnings Ratio
40.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Communications industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.9x which is higher than its 3-year average PE of 23.0x.
- The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
- The earnings for companies in the Communications industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 1.58% | |
| Tech | 3.25% | |
| Communications | 2.84% | |
| Communications Equipment | 2.84% | |
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 | |
|---|---|---|---|---|---|
| 285 BYD Electronic (International) | HK$35.06 | 2.2% +HK$1.7b | -8.0% | PE15.8x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$50.50 | 2.6% +HK$1.0b | 259.2% | PE64.8x | |
| 2342 Comba Telecom Systems Holdings | HK$2.47 | 8.8% +HK$624.3m | 142.2% | PS1.8x | |
| 1523 Plover Bay Technologies | HK$6.85 | 6.7% +HK$475.1m | 51.2% | PE23.9x | |
| 303 Vtech Holdings | HK$62.70 | 2.8% +HK$430.8m | 21.4% | PE14.1x |
