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Hong Kong (HSI) Software Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies42
  • 7D8.3%
  • 3M-1.9%
  • 1Y66.6%
  • YTD11.8%

Over the last 7 days, the Software industry has risen 7.5%, driven by gains in Kingdee International Software Group and Mininglamp Technology of 19% and 28%, respectively. In the same time, Unisound AI Technology was down 21%. This takes the industry's 12 month performance to a gain of 65%. Earnings are forecast to grow by 53% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026HK$482.6bHK$67.6b-HK$8,004,664,198.9722.7x-60.3x7.1x
Sat, 13 Dec 2025HK$396.0bHK$66.0b-HK$7,909,514,457.8016.3x-50.1x6x
Mon, 10 Nov 2025HK$409.7bHK$67.1b-HK$8,587,379,389.8120.9x-47.7x6.1x
Wed, 08 Oct 2025HK$494.5bHK$67.2b-HK$8,608,287,304.1521.7x-57.4x7.4x
Fri, 05 Sep 2025HK$431.2bHK$67.1b-HK$8,627,018,925.3821.5x-50x6.4x
Sun, 03 Aug 2025HK$350.2bHK$62.2b-HK$10,546,366,940.4929.4x-33.2x5.6x
Tue, 01 Jul 2025HK$319.7bHK$62.6b-HK$10,617,984,267.4928.3x-30.1x5.1x
Thu, 29 May 2025HK$301.2bHK$62.8b-HK$10,651,502,199.0127.6x-28.3x4.8x
Sat, 26 Apr 2025HK$275.9bHK$61.5b-HK$10,395,573,004.1225.4x-26.5x4.5x
Mon, 24 Mar 2025HK$339.4bHK$62.0b-HK$13,189,217,209.1325.5x-25.7x5.5x
Wed, 19 Feb 2025HK$259.0bHK$59.0b-HK$11,880,732,541.4932.2x-21.8x4.4x
Fri, 17 Jan 2025HK$186.0bHK$58.7b-HK$11,812,552,634.5122.9x-15.7x3.2x
Sun, 15 Dec 2024HK$230.3bHK$63.3b-HK$11,360,180,641.0419.9x-20.3x3.6x
Tue, 12 Nov 2024HK$212.7bHK$63.6b-HK$14,581,101,762.0018.3x-14.6x3.3x
Thu, 10 Oct 2024HK$185.8bHK$63.1b-HK$14,450,782,434.4317.8x-12.9x2.9x
Sat, 07 Sep 2024HK$141.8bHK$62.4b-HK$14,501,980,569.2911x-9.8x2.3x
Mon, 05 Aug 2024HK$122.3bHK$59.2b-HK$13,998,774,283.1412.8x-8.7x2.1x
Wed, 03 Jul 2024HK$147.2bHK$58.4b-HK$13,792,771,421.8913.2x-10.7x2.5x
Fri, 31 May 2024HK$152.0bHK$58.8b-HK$16,355,120,690.8214.4x-9.3x2.6x
Sun, 28 Apr 2024HK$137.6bHK$58.4b-HK$15,501,231,077.1213.6x-8.9x2.4x
Tue, 26 Mar 2024HK$136.4bHK$59.2b-HK$15,935,934,315.9610.9x-8.6x2.3x
Thu, 22 Feb 2024HK$107.2bHK$55.4b-HK$15,648,460,848.649.9x-6.9x1.9x
Sat, 20 Jan 2024HK$140.7bHK$64.3b-HK$15,317,171,602.0010.9x-9.2x2.2x
Mon, 18 Dec 2023HK$153.3bHK$63.5b-HK$15,381,747,692.0012.2x-10x2.4x
Wed, 15 Nov 2023HK$154.5bHK$61.5b-HK$9,184,826,191.0012.2x-16.8x2.5x
Fri, 13 Oct 2023HK$140.3bHK$53.3b-HK$9,660,787,261.0013.2x-14.5x2.6x
Sun, 10 Sep 2023HK$151.1bHK$53.1b-HK$9,626,629,894.0015.5x-15.7x2.8x
Tue, 08 Aug 2023HK$174.1bHK$50.5b-HK$10,654,949,303.0022.8x-16.3x3.4x
Thu, 06 Jul 2023HK$168.4bHK$50.1b-HK$10,604,217,928.0018.3x-15.9x3.4x
Sat, 03 Jun 2023HK$187.6bHK$51.3b-HK$10,915,245,090.0016.6x-17.2x3.7x
Mon, 01 May 2023HK$206.1bHK$52.5b-HK$11,638,998,871.0016.5x-17.7x3.9x
Wed, 29 Mar 2023HK$216.3bHK$51.1b-HK$22,550,914,237.0013.9x-9.6x4.2x
Fri, 24 Feb 2023HK$221.3bHK$50.0b-HK$26,267,658,740.0016.2x-8.4x4.4x
Sun, 22 Jan 2023HK$236.6bHK$50.7b-HK$26,629,476,281.0018.1x-8.9x4.7x
Price to Earnings Ratio

-8.9x


Total Market Cap: HK$236.6bTotal Earnings: -HK$26,629,476,281.00Total Revenue: HK$50.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Software Industry Price to Earnings3Y Average -20.5x202420252026
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 3.8x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 10% 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 Market1.63%
Tech1.10%
Software8.29%
Application Software8.31%
Systems Software4.98%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 53% 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 53% 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$241.0083.3%
    +HK$48.2b
    n/aPS206.9x
    2718 Mininglamp TechnologyHK$248.2028.1%
    +HK$7.9b
    n/aPS21.9x
    6651 Beijing 51World Digital Twin TechnologyHK$65.0040.7%
    +HK$7.6b
    n/aPS76.7x
    6682 Beijing Fourth Paradigm TechnologyHK$56.5022.2%
    +HK$5.3b
    37.8%PS4.4x
    268 Kingdee International Software GroupHK$15.339.1%
    +HK$4.5b
    79.3%PS7.4x

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