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Hong Kong (HSI) Application Software Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies39
  • 7D7.3%
  • 3M-19.8%
  • 1Y12.1%
  • YTDn/a

The Application Software industry is up 7.3% in the last week, with Horizon Robotics up 8.9%. During this same period, the AInnovation Technology Group underperformed, falling 17%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 79% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026HK$432.1bHK$75.7b-HK$24,349,846,283.4736.2x-17.7x5.7x
Thu, 19 Mar 2026HK$364.4bHK$67.2b-HK$6,504,784,178.4022.3x-56x5.4x
Sat, 14 Feb 2026HK$447.3bHK$66.3b-HK$7,897,898,958.1425x-56.6x6.7x
Mon, 12 Jan 2026HK$453.0bHK$65.5b-HK$7,777,693,547.9625.5x-58.2x6.9x
Wed, 10 Dec 2025HK$389.7bHK$63.9b-HK$7,670,486,618.5726.3x-50.8x6.1x
Fri, 07 Nov 2025HK$421.5bHK$65.0b-HK$8,425,758,628.9124.6x-50x6.5x
Sun, 05 Oct 2025HK$492.6bHK$65.1b-HK$8,455,701,827.5324x-58.3x7.6x
Tue, 02 Sep 2025HK$464.0bHK$64.9b-HK$8,551,856,980.5227.1x-54.3x7.2x
Thu, 31 Jul 2025HK$344.3bHK$60.9b-HK$9,819,447,629.9928.9x-35.1x5.7x
Sat, 28 Jun 2025HK$312.4bHK$59.3b-HK$9,617,588,987.1128.6x-32.5x5.3x
Mon, 26 May 2025HK$299.4bHK$59.7b-HK$9,711,693,316.0130.3x-30.8x5x
Wed, 23 Apr 2025HK$258.9bHK$58.2b-HK$9,437,678,747.5428.1x-27.4x4.5x
Fri, 21 Mar 2025HK$240.2bHK$56.7b-HK$12,931,460,686.4025.4x-18.6x4.2x
Sun, 16 Feb 2025HK$247.5bHK$56.1b-HK$10,251,521,644.6830.6x-24.1x4.4x
Tue, 14 Jan 2025HK$179.1bHK$56.0b-HK$10,399,970,926.9918.6x-17.2x3.2x
Thu, 12 Dec 2024HK$228.2bHK$60.2b-HK$9,692,636,793.4017.7x-23.5x3.8x
Sat, 09 Nov 2024HK$198.1bHK$60.7b-HK$12,970,492,537.1516.1x-15.3x3.3x
Mon, 07 Oct 2024HK$205.1bHK$59.9b-HK$12,757,629,618.7617.3x-16.1x3.4x
Wed, 04 Sep 2024HK$136.4bHK$59.0b-HK$12,746,119,915.4711.8x-10.7x2.3x
Fri, 02 Aug 2024HK$117.7bHK$55.4b-HK$12,329,420,039.1414.4x-9.5x2.1x
Sun, 30 Jun 2024HK$137.6bHK$55.2b-HK$12,281,298,452.8015.1x-11.2x2.5x
Tue, 28 May 2024HK$140.3bHK$55.4b-HK$14,817,159,772.6116.6x-9.5x2.5x
Thu, 25 Apr 2024HK$116.6bHK$55.7b-HK$14,878,741,862.4915.9x-7.8x2.1x
Sat, 23 Mar 2024HK$132.8bHK$55.8b-HK$15,472,320,547.5812.2x-8.6x2.4x
Mon, 19 Feb 2024HK$98.5bHK$52.6b-HK$14,603,832,452.2910.6x-6.7x1.9x
Wed, 17 Jan 2024HK$147.3bHK$61.0b-HK$14,118,231,676.0011.9x-10.4x2.4x
Fri, 15 Dec 2023HK$140.7bHK$60.6b-HK$14,305,895,477.0016x-9.8x2.3x
Sun, 12 Nov 2023HK$138.6bHK$58.8b-HK$8,162,448,739.0013x-17x2.4x
Tue, 10 Oct 2023HK$123.8bHK$50.8b-HK$8,662,365,877.0013.7x-14.3x2.4x
Thu, 07 Sep 2023HK$147.9bHK$50.7b-HK$8,667,061,590.0015.6x-17.1x2.9x
Sat, 05 Aug 2023HK$166.9bHK$47.8b-HK$9,327,932,697.0023.4x-17.9x3.5x
Mon, 03 Jul 2023HK$166.1bHK$47.3b-HK$9,285,767,174.0021.4x-17.9x3.5x
Wed, 31 May 2023HK$172.6bHK$48.4b-HK$9,523,389,557.0021.4x-18.1x3.6x
Fri, 28 Apr 2023HK$192.7bHK$49.6b-HK$10,230,805,928.0022.1x-18.8x3.9x
Price to Earnings Ratio

-18.8x


Total Market Cap: HK$192.7bTotal Earnings: -HK$10,230,805,928.00Total Revenue: HK$49.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Application Software Industry Price to Earnings3Y Average -24.3x202420252026
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 4.0x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 Comparison

How does Hong Kong Application Software compare with similar industries?

HK Market0.60%
Tech4.44%
Software9.65%
Application Software7.29%
Systems Software28.28%
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?

CompanyLast Price7D1YValuation
9660 Horizon RoboticsHK$7.688.9%
+HK$9.2b
40.4%PS26x
6651 Beijing 51World Digital Twin TechnologyHK$65.2034.1%
+HK$6.7b
n/aPS66.3x
6682 Phancy GroupHK$46.8225.5%
+HK$4.9b
27.4%PS3x
268 Kingdee International Software GroupHK$9.3116.4%
+HK$4.6b
-21.1%PE308.2x
9678 Unisound AI TechnologyHK$387.8037.7%
+HK$4.6b
n/aPS12.1x

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