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Hong Kong (HSI) Application Software Industry Analysis
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies35
- 7D-6.2%
- 3M-5.2%
- 1Y-0.6%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 9.6%, driven by a pullback from Horizon Robotics of 9.7%. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 53% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | HK$399.0b | HK$66.3b | -HK$8,069,207,100.18 | 21.6x | -49.4x | 6x |
| Mon, 26 Jan 2026 | HK$464.6b | HK$65.7b | -HK$7,813,334,676.31 | 26.1x | -59.5x | 7.1x |
| Wed, 24 Dec 2025 | HK$392.3b | HK$64.6b | -HK$7,599,288,881.88 | 25.9x | -51.6x | 6.1x |
| Fri, 21 Nov 2025 | HK$387.6b | HK$65.2b | -HK$8,440,919,007.93 | 26.8x | -45.9x | 5.9x |
| Sun, 19 Oct 2025 | HK$417.4b | HK$65.0b | -HK$8,426,735,324.29 | 23.1x | -49.5x | 6.4x |
| Tue, 16 Sep 2025 | HK$463.7b | HK$65.1b | -HK$8,461,678,751.23 | 25.6x | -54.8x | 7.1x |
| Thu, 14 Aug 2025 | HK$363.0b | HK$60.9b | -HK$9,748,689,695.05 | 28.9x | -37.2x | 6x |
| Sat, 12 Jul 2025 | HK$322.4b | HK$61.9b | -HK$9,768,637,162.78 | 30x | -33x | 5.2x |
| Mon, 09 Jun 2025 | HK$294.7b | HK$59.3b | -HK$9,690,465,123.81 | 29.6x | -30.4x | 5x |
| Wed, 07 May 2025 | HK$308.4b | HK$58.8b | -HK$9,557,653,981.17 | 33.5x | -32.3x | 5.2x |
| Fri, 04 Apr 2025 | HK$290.5b | HK$58.5b | -HK$9,501,466,074.00 | 30.9x | -30.6x | 5x |
| Sun, 02 Mar 2025 | HK$220.5b | HK$55.9b | -HK$10,202,287,433.11 | 31.5x | -21.6x | 3.9x |
| Tue, 28 Jan 2025 | HK$205.2b | HK$56.2b | -HK$10,260,149,598.45 | 23.2x | -20x | 3.7x |
| Thu, 26 Dec 2024 | HK$214.4b | HK$60.0b | -HK$9,643,337,821.07 | 17.7x | -22.2x | 3.6x |
| Sat, 23 Nov 2024 | HK$188.3b | HK$60.5b | -HK$9,734,196,867.02 | 15.5x | -19.3x | 3.1x |
| Mon, 21 Oct 2024 | HK$176.9b | HK$59.6b | -HK$12,676,901,986.88 | 15.9x | -14x | 3x |
| Wed, 18 Sep 2024 | HK$131.0b | HK$59.8b | -HK$12,727,788,690.02 | 14.1x | -10.3x | 2.2x |
| Fri, 16 Aug 2024 | HK$114.1b | HK$55.9b | -HK$12,482,915,154.79 | 10.8x | -9.1x | 2x |
| Sun, 14 Jul 2024 | HK$138.4b | HK$55.3b | -HK$12,307,309,669.84 | 15.1x | -11.2x | 2.5x |
| Tue, 11 Jun 2024 | HK$143.0b | HK$55.4b | -HK$14,816,581,898.09 | 17.4x | -9.7x | 2.6x |
| Thu, 09 May 2024 | HK$145.2b | HK$55.8b | -HK$14,892,313,405.33 | 15.9x | -9.8x | 2.6x |
| Sat, 06 Apr 2024 | HK$121.1b | HK$55.8b | -HK$14,896,402,515.53 | 17x | -8.1x | 2.2x |
| Mon, 04 Mar 2024 | HK$104.3b | HK$52.6b | -HK$14,612,939,414.64 | 11.7x | -7.1x | 2x |
| Wed, 31 Jan 2024 | HK$133.5b | HK$61.6b | -HK$14,287,677,926.00 | 13.4x | -9.3x | 2.2x |
| Fri, 29 Dec 2023 | HK$149.6b | HK$61.0b | -HK$14,376,435,088.00 | 9.6x | -10.4x | 2.5x |
| Sun, 26 Nov 2023 | HK$152.1b | HK$59.5b | -HK$8,259,273,464.00 | 20.6x | -18.4x | 2.6x |
| Tue, 24 Oct 2023 | HK$121.8b | HK$50.6b | -HK$8,628,649,144.00 | 12.4x | -14.1x | 2.4x |
| Thu, 21 Sep 2023 | HK$131.2b | HK$50.7b | -HK$8,647,540,652.00 | 14.7x | -15.2x | 2.6x |
| Sat, 19 Aug 2023 | HK$150.5b | HK$47.9b | -HK$8,611,577,720.00 | 21.9x | -17.5x | 3.1x |
| Mon, 17 Jul 2023 | HK$165.3b | HK$47.9b | -HK$9,417,564,142.00 | 23x | -17.5x | 3.5x |
| Wed, 14 Jun 2023 | HK$182.5b | HK$48.0b | -HK$9,424,596,382.00 | 23.5x | -19.4x | 3.8x |
| Fri, 12 May 2023 | HK$183.5b | HK$49.4b | -HK$9,975,838,922.00 | 17.6x | -18.4x | 3.7x |
| Sun, 09 Apr 2023 | HK$235.9b | HK$50.0b | -HK$10,315,708,228.00 | 18.9x | -22.9x | 4.7x |
| Tue, 07 Mar 2023 | HK$221.6b | HK$46.7b | -HK$24,821,345,850.00 | 17.3x | -8.9x | 4.7x |
Price to Earnings Ratio
-8.9x
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 5.9x.
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 | 0.15% | |
| Tech | 1.27% | |
| Software | -10.51% | |
| Application Software | -6.21% | |
| Systems Software | -39.24% | |
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 | |
|---|---|---|---|---|---|
| 2718 Mininglamp Technology | HK$264.20 | 2.9% +HK$1.1b | n/a | PS22.9x | |
| 6687 JST Group | HK$20.76 | 2.3% +HK$200.7m | n/a | PE265.9x | |
| 9678 Unisound AI Technology | HK$326.80 | 0.8% +HK$112.9m | n/a | PS12.3x | |
| 2571 Beijing Saimo Technology | HK$13.84 | 2.9% +HK$52.0m | 4.4% | PE27.1x | |
| 1588 Chanjet Information Technology | HK$7.28 | 1.8% +HK$42.3m | 11.5% | PE27x |
