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Hong Kong (HSI) Application Software Industry Analysis
UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies36
- 7D-8.8%
- 3M-7.8%
- 1Y13.1%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 9.9%, driven by declines in Kingdee International Software Group and Beijing 51World Digital Twin Technology of 19% and 22%, respectively. Meanwhile, Nuobikan Artificial Intelligence Technology (Chengdu) actually outperformed within the industry, gaining 6.2% in the last week. In the past year, the industry has gained 17%. Looking forward, earnings are forecast to grow by 53% annually.
Industry Valuation and Performance
Has the Hong Kong Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Feb 2026 | HK$426.3b | HK$66.0b | -HK$7,848,964,140.29 | 25.2x | -54.3x | 6.5x |
| Sun, 04 Jan 2026 | HK$429.5b | HK$65.4b | -HK$7,760,578,838.67 | 26x | -55.3x | 6.6x |
| Tue, 02 Dec 2025 | HK$393.4b | HK$63.9b | -HK$7,673,376,208.83 | 26.4x | -51.3x | 6.2x |
| Thu, 30 Oct 2025 | HK$439.4b | HK$65.2b | -HK$8,460,016,526.77 | 24.3x | -51.9x | 6.7x |
| Sat, 27 Sep 2025 | HK$464.0b | HK$65.0b | -HK$8,431,216,739.87 | 22.8x | -55x | 7.1x |
| Mon, 25 Aug 2025 | HK$377.4b | HK$61.7b | -HK$7,411,638,857.52 | 28x | -50.9x | 6.1x |
| Wed, 23 Jul 2025 | HK$340.6b | HK$61.9b | -HK$9,768,177,519.22 | 28.1x | -34.9x | 5.5x |
| Fri, 20 Jun 2025 | HK$294.4b | HK$59.2b | -HK$9,706,239,894.59 | 28.5x | -30.3x | 5x |
| Sun, 18 May 2025 | HK$302.6b | HK$59.3b | -HK$9,650,545,656.06 | 30.7x | -31.4x | 5.1x |
| Tue, 15 Apr 2025 | HK$272.5b | HK$58.2b | -HK$9,436,435,744.44 | 29.7x | -28.9x | 4.7x |
| Thu, 13 Mar 2025 | HK$240.5b | HK$55.1b | -HK$9,927,915,750.20 | 25.5x | -24.2x | 4.4x |
| Sat, 08 Feb 2025 | HK$226.5b | HK$55.9b | -HK$10,211,723,315.00 | 26.2x | -22.2x | 4x |
| Mon, 06 Jan 2025 | HK$195.4b | HK$55.4b | -HK$10,214,663,858.69 | 19.5x | -19.1x | 3.5x |
| Wed, 04 Dec 2024 | HK$199.9b | HK$60.2b | -HK$9,681,019,644.51 | 16.6x | -20.6x | 3.3x |
| Fri, 01 Nov 2024 | HK$175.1b | HK$61.0b | -HK$13,056,325,503.07 | 15.2x | -13.4x | 2.9x |
| Sun, 29 Sep 2024 | HK$165.2b | HK$60.3b | -HK$12,847,880,736.85 | 16.1x | -12.9x | 2.7x |
| Tue, 27 Aug 2024 | HK$140.1b | HK$57.6b | -HK$13,575,758,707.45 | 13.9x | -10.3x | 2.4x |
| Thu, 25 Jul 2024 | HK$117.7b | HK$55.2b | -HK$12,265,388,320.20 | 15.1x | -9.6x | 2.1x |
| Sat, 22 Jun 2024 | HK$136.5b | HK$55.2b | -HK$14,779,977,266.89 | 16.6x | -9.2x | 2.5x |
| Mon, 20 May 2024 | HK$148.2b | HK$55.7b | -HK$14,867,707,477.84 | 15.9x | -10x | 2.7x |
| Wed, 17 Apr 2024 | HK$109.8b | HK$55.8b | -HK$14,896,180,065.07 | 16.6x | -7.4x | 2x |
| Fri, 15 Mar 2024 | HK$107.4b | HK$52.1b | -HK$14,381,720,374.39 | 11.5x | -7.5x | 2.1x |
| Sun, 11 Feb 2024 | HK$94.0b | HK$52.8b | -HK$14,674,753,067.21 | 10.6x | -6.4x | 1.8x |
| Tue, 09 Jan 2024 | HK$142.3b | HK$61.1b | -HK$14,155,339,449.00 | 9.5x | -10x | 2.3x |
| Thu, 07 Dec 2023 | HK$141.2b | HK$60.5b | -HK$14,263,052,461.00 | 16.6x | -9.9x | 2.3x |
| Sat, 04 Nov 2023 | HK$135.0b | HK$58.8b | -HK$8,155,680,839.00 | 12.5x | -16.6x | 2.3x |
| Mon, 02 Oct 2023 | HK$128.0b | HK$50.7b | -HK$8,650,499,602.00 | 14.5x | -14.8x | 2.5x |
| Wed, 30 Aug 2023 | HK$152.2b | HK$48.4b | -HK$8,516,066,744.00 | 20x | -17.9x | 3.1x |
| Fri, 28 Jul 2023 | HK$161.6b | HK$47.8b | -HK$9,396,201,291.00 | 22.8x | -17.2x | 3.4x |
| Sun, 25 Jun 2023 | HK$166.1b | HK$47.8b | -HK$9,376,540,417.00 | 22.8x | -17.7x | 3.5x |
| Tue, 23 May 2023 | HK$177.8b | HK$48.8b | -HK$9,812,870,138.00 | 18x | -18.1x | 3.6x |
| Thu, 20 Apr 2023 | HK$207.6b | HK$49.8b | -HK$10,275,331,293.00 | 21.9x | -20.2x | 4.2x |
| Sat, 18 Mar 2023 | HK$224.6b | HK$47.8b | -HK$24,597,417,345.00 | 17.8x | -9.1x | 4.7x |
| Mon, 13 Feb 2023 | HK$232.7b | HK$47.4b | -HK$25,271,862,090.00 | 17.8x | -9.2x | 4.9x |
Price to Earnings Ratio
-9.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Application 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 6.4x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have improved over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Hong Kong Application Software compare with similar industries?
| HK Market | -3.69% | |
| Tech | -6.54% | |
| Software | -8.73% | |
| Application Software | -8.76% | |
| Systems Software | -1.26% | |
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 | |
|---|---|---|---|---|---|
| 2635 Nuobikan Artificial Intelligence Technology (Chengdu) | HK$513.00 | 19.5% +HK$3.2b | n/a | PE164.8x | |
| 2531 GL-Carlink Technology Holding | HK$6.05 | 2.2% +HK$47.7m | -75.1% | PE44.1x | |
| 8290 Ahsay Backup Software Development | HK$0.031 | 34.8% +HK$16.0m | 55.0% | PS1.6x | |
| 8131 abc Multiactive | HK$0.081 | 14.1% +HK$6.0m | -30.8% | PS1.1x | |
| 8071 China Netcom Technology Holdings | HK$0.025 | 4.2% +HK$4.7m | -21.9% | PS5.3x |
