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Hong Kong (HSI) Software Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies43
  • 7D3.7%
  • 3M5.7%
  • 1Y-3.6%
  • YTD7.4%

In the last week, the Software industry is up 3.7%, with Knowledge Atlas Technology leading the way, up 49%. During this same period, the Beijing 51World Digital Twin Technology underperformed, falling 7.9%. In contrast, the industry has lost 3.6% in the last 12 months. As for the next few years, earnings are expected to grow by 52% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026HK$504.8bHK$69.0b-HK$8,280,429,838.3519.5x-61x7.3x
Tue, 20 Jan 2026HK$467.2bHK$67.7b-HK$8,017,678,271.7920.6x-58.3x6.9x
Thu, 18 Dec 2025HK$376.8bHK$66.0b-HK$7,911,999,121.4216.4x-47.6x5.7x
Sat, 15 Nov 2025HK$410.5bHK$67.3b-HK$8,605,104,877.9017.8x-47.7x6.1x
Mon, 13 Oct 2025HK$460.9bHK$67.0b-HK$8,586,041,176.7820.4x-53.7x6.9x
Wed, 10 Sep 2025HK$445.4bHK$67.2b-HK$8,642,777,431.4722.1x-51.5x6.6x
Fri, 08 Aug 2025HK$370.0bHK$62.1b-HK$10,748,191,378.7829.3x-34.4x6x
Sun, 06 Jul 2025HK$323.3bHK$62.6b-HK$10,617,416,864.9728.1x-30.5x5.2x
Tue, 03 Jun 2025HK$295.9bHK$62.4b-HK$10,631,223,651.3626.7x-27.8x4.7x
Thu, 01 May 2025HK$295.9bHK$61.7b-HK$10,430,224,757.8225.7x-28.4x4.8x
Sat, 29 Mar 2025HK$327.1bHK$61.9b-HK$11,597,336,175.2131.9x-28.2x5.3x
Mon, 24 Feb 2025HK$265.4bHK$59.1b-HK$11,916,798,640.7834.8x-22.3x4.5x
Wed, 22 Jan 2025HK$194.5bHK$59.0b-HK$11,883,947,201.1822.8x-16.4x3.3x
Fri, 20 Dec 2024HK$221.0bHK$63.0b-HK$11,317,628,596.8619.7x-19.5x3.5x
Sun, 17 Nov 2024HK$198.5bHK$62.9b-HK$14,472,204,666.1917.2x-13.7x3.2x
Tue, 15 Oct 2024HK$185.6bHK$63.1b-HK$14,447,405,299.4516.9x-12.8x2.9x
Thu, 12 Sep 2024HK$137.6bHK$62.9b-HK$14,398,599,220.9510.9x-9.6x2.2x
Sat, 10 Aug 2024HK$118.6bHK$59.1b-HK$13,962,361,067.7812.9x-8.5x2x
Mon, 08 Jul 2024HK$143.2bHK$58.4b-HK$13,796,338,047.1913.9x-10.4x2.5x
Wed, 05 Jun 2024HK$151.2bHK$58.7b-HK$16,335,389,599.4614.4x-9.3x2.6x
Fri, 03 May 2024HK$165.0bHK$58.4b-HK$15,488,354,571.5814x-10.7x2.8x
Sun, 31 Mar 2024HK$131.5bHK$58.6b-HK$15,604,103,478.6911x-8.4x2.2x
Tue, 27 Feb 2024HK$109.9bHK$55.3b-HK$15,636,991,503.899.9x-7x2x
Thu, 25 Jan 2024HK$145.0bHK$64.6b-HK$15,390,316,916.0011.1x-9.4x2.2x
Sat, 23 Dec 2023HK$144.1bHK$63.5b-HK$15,384,836,569.0011.8x-9.4x2.3x
Mon, 20 Nov 2023HK$152.1bHK$61.8b-HK$9,220,293,692.0013.2x-16.5x2.5x
Wed, 18 Oct 2023HK$136.6bHK$53.3b-HK$9,655,427,048.0012.5x-14.1x2.6x
Fri, 15 Sep 2023HK$145.9bHK$53.5b-HK$9,698,191,226.0014.8x-15x2.7x
Sun, 13 Aug 2023HK$164.1bHK$50.3b-HK$10,489,108,512.0021.8x-15.6x3.3x
Tue, 11 Jul 2023HK$164.6bHK$50.2b-HK$10,619,065,442.0017.5x-15.5x3.3x
Thu, 08 Jun 2023HK$184.5bHK$51.0b-HK$10,836,937,837.0016.8x-17x3.6x
Sat, 06 May 2023HK$204.3bHK$52.5b-HK$11,640,019,846.0016.3x-17.6x3.9x
Mon, 03 Apr 2023HK$215.1bHK$49.3b-HK$11,761,903,530.0015.7x-18.3x4.4x
Wed, 01 Mar 2023HK$220.2bHK$49.8b-HK$26,128,809,293.0016.4x-8.4x4.4x
Price to Earnings Ratio

-8.4x


Total Market Cap: HK$220.2bTotal Earnings: -HK$26,128,809,293.00Total Revenue: HK$49.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Software Industry Price to Earnings3Y Average -22.2x202420252026
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 7.3x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

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

HK Market0.35%
Tech-1.62%
Software3.74%
Systems Software63.17%
Application Software-1.45%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 52% over the next 5 years.
    • This is better than its past earnings growth rate of 2.5% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 52% 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
    2513 Knowledge Atlas TechnologyHK$725.0049.5%
    +HK$107.0b
    n/aPS623.4x
    100 MiniMax GroupHK$970.0042.6%
    +HK$89.7b
    n/aPS595.1x
    2706 Beijing Haizhi Technology GroupHK$154.1066.4%
    +HK$24.6b
    n/aPS100.9x
    2718 Mininglamp TechnologyHK$256.807.4%
    +HK$2.6b
    n/aPS22.4x
    1384 Deepexi TechnologyHK$102.608.2%
    +HK$2.5b
    n/aPS94.2x

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