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Hong Kong (HSI) Software Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies47
  • 7D5.1%
  • 3M-23.6%
  • 1Y8.7%
  • YTD-16.3%

In the last week, the Software industry is up 13%, with Deepexi Technology up 100%. During this same period, the MiniMax Group underperformed, falling 15%. In the last 12 months, the industry was up 4.5%. Looking forward, earnings are forecast to grow by 81% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026HK$444.5bHK$81.7b-HK$25,174,375,573.1927.7x-17.7x5.4x
Sat, 14 Mar 2026HK$383.6bHK$68.7b-HK$8,124,525,945.8413.1x-47.2x5.6x
Mon, 09 Feb 2026HK$420.6bHK$68.1b-HK$8,078,363,830.4519.8x-52.1x6.2x
Wed, 07 Jan 2026HK$446.1bHK$67.5b-HK$7,996,115,302.5120.6x-55.8x6.6x
Fri, 05 Dec 2025HK$389.4bHK$65.8b-HK$7,887,624,776.0416.8x-49.4x5.9x
Sun, 02 Nov 2025HK$434.4bHK$67.1b-HK$8,584,212,808.2020.6x-50.6x6.5x
Tue, 30 Sep 2025HK$476.3bHK$67.2b-HK$8,610,067,206.6420.9x-55.3x7.1x
Thu, 28 Aug 2025HK$404.0bHK$63.0b-HK$7,325,644,757.7526.3x-55.1x6.4x
Sat, 26 Jul 2025HK$366.8bHK$63.6b-HK$10,553,219,857.5625.1x-34.8x5.8x
Mon, 23 Jun 2025HK$299.6bHK$62.5b-HK$10,565,058,553.0128.1x-28.4x4.8x
Wed, 21 May 2025HK$309.0bHK$62.5b-HK$10,593,877,611.8526.4x-29.2x4.9x
Fri, 18 Apr 2025HK$264.1bHK$61.4b-HK$10,386,554,393.4326.3x-25.4x4.3x
Sun, 16 Mar 2025HK$246.7bHK$58.2b-HK$11,615,948,531.7125.5x-21.2x4.2x
Tue, 11 Feb 2025HK$240.6bHK$58.9b-HK$11,857,835,453.7728.5x-20.3x4.1x
Thu, 09 Jan 2025HK$198.3bHK$58.4b-HK$11,861,393,411.2618.6x-16.7x3.4x
Sat, 07 Dec 2024HK$225.0bHK$63.4b-HK$11,385,111,350.8619x-19.8x3.5x
Mon, 04 Nov 2024HK$193.8bHK$64.2b-HK$14,746,355,004.0316.8x-13.1x3x
Wed, 02 Oct 2024HK$185.4bHK$63.5b-HK$14,553,722,204.2318.8x-12.7x2.9x
Fri, 30 Aug 2024HK$144.5bHK$61.2b-HK$14,484,364,850.899.5x-10x2.4x
Sun, 28 Jul 2024HK$123.5bHK$58.5b-HK$13,823,122,527.6813x-8.9x2.1x
Tue, 25 Jun 2024HK$145.4bHK$58.5b-HK$16,286,400,494.7613.5x-8.9x2.5x
Thu, 23 May 2024HK$155.6bHK$58.1b-HK$15,451,580,993.9814.3x-10.1x2.7x
Sat, 20 Apr 2024HK$111.3bHK$58.5b-HK$15,526,108,518.6313.5x-7.2x1.9x
Mon, 18 Mar 2024HK$113.0bHK$54.8b-HK$15,408,848,090.0611.1x-7.3x2.1x
Wed, 14 Feb 2024HK$98.3bHK$55.3b-HK$15,639,717,835.649.9x-6.3x1.8x
Fri, 12 Jan 2024HK$148.7bHK$63.9b-HK$15,217,394,932.0011.2x-9.8x2.3x
Sun, 10 Dec 2023HK$150.2bHK$63.2b-HK$15,289,541,969.0012.9x-9.8x2.4x
Tue, 07 Nov 2023HK$152.7bHK$61.8b-HK$9,221,360,084.0011.7x-16.6x2.5x
Thu, 05 Oct 2023HK$135.0bHK$53.3b-HK$9,664,308,513.0012x-14x2.5x
Sat, 02 Sep 2023HK$158.7bHK$53.7b-HK$9,749,545,803.0015x-16.3x3x
Mon, 31 Jul 2023HK$176.4bHK$50.6b-HK$10,711,489,482.0020.5x-16.5x3.5x
Wed, 28 Jun 2023HK$175.8bHK$50.4b-HK$10,652,446,910.0017.3x-16.5x3.5x
Fri, 26 May 2023HK$181.2bHK$51.4b-HK$10,921,208,945.0014.9x-16.6x3.5x
Sun, 23 Apr 2023HK$200.7bHK$52.6b-HK$11,671,879,469.0016.4x-17.2x3.8x
Price to Earnings Ratio

-17.2x


Total Market Cap: HK$200.7bTotal Earnings: -HK$11,671,879,469.00Total Revenue: HK$52.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Software Industry Price to Earnings3Y Average -23.3x202420252026
Current Industry PE
  • Investors are optimistic on the Hong Kong Software industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Software industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 16% 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 caused losses to expand.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech industry?

HK Market0.33%
Tech1.39%
Software5.09%
Systems Software31.18%
Application Software2.07%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 105% over the next 5 years.
    • This is roughly in line with its past earnings growth rate.
    • In contrast, the Application Software industry is expected to see its earnings grow by 80% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    1384 Deepexi TechnologyHK$63.3099.7%
    +HK$10.3b
    n/aPS43.4x
    6651 Beijing 51World Digital Twin TechnologyHK$56.5051.9%
    +HK$7.8b
    n/aPS57.5x
    2706 Beijing Haizhi Technology GroupHK$61.7020.3%
    +HK$4.2b
    n/aPS34.6x
    9678 Unisound AI TechnologyHK$332.2013.0%
    +HK$1.7b
    n/aPS10.4x
    8083 Youzan TechnologyHK$0.1626.8%
    +HK$1.1b
    83.0%PE28x

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