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Hong Kong (HSI) Software Industry Analysis
UpdatedDec 21, 2025
DataAggregated Company Financials
Companies41
- 7D-3.4%
- 3M-23.2%
- 1Y26.5%
- YTD33.0%
Over the last 7 days, the Software industry has dropped 3.4%, driven by SenseTime Group declining 15%. In the past year, the industry has gained 27%. Looking forward, earnings are forecast to grow by 49% annually.
Industry Valuation and Performance
Has the Hong Kong Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Dec 2025 | HK$392.0b | HK$66.1b | -HK$7,915,720,851.98 | 16.8x | -49.5x | 5.9x |
| Tue, 18 Nov 2025 | HK$407.0b | HK$67.2b | -HK$8,598,248,832.22 | 18.9x | -47.3x | 6.1x |
| Thu, 16 Oct 2025 | HK$445.4b | HK$67.0b | -HK$8,584,933,217.41 | 19.6x | -51.9x | 6.6x |
| Sat, 13 Sep 2025 | HK$470.2b | HK$67.2b | -HK$8,634,707,091.37 | 24.3x | -54.5x | 7x |
| Mon, 11 Aug 2025 | HK$369.3b | HK$62.0b | -HK$10,738,240,613.24 | 29.5x | -34.4x | 6x |
| Wed, 09 Jul 2025 | HK$325.1b | HK$63.5b | -HK$10,544,215,539.21 | 27.3x | -30.8x | 5.1x |
| Fri, 06 Jun 2025 | HK$308.1b | HK$62.6b | -HK$10,654,580,615.58 | 26.9x | -28.9x | 4.9x |
| Sun, 04 May 2025 | HK$313.3b | HK$61.5b | -HK$10,410,226,651.70 | 25.3x | -30.1x | 5.1x |
| Tue, 01 Apr 2025 | HK$317.4b | HK$62.2b | -HK$11,041,666,341.72 | 28.4x | -28.7x | 5.1x |
| Thu, 27 Feb 2025 | HK$251.3b | HK$59.1b | -HK$11,910,888,532.94 | 33.8x | -21.1x | 4.3x |
| Sat, 25 Jan 2025 | HK$205.7b | HK$59.3b | -HK$11,956,737,710.09 | 23x | -17.2x | 3.5x |
| Mon, 23 Dec 2024 | HK$223.3b | HK$63.1b | -HK$11,326,513,744.95 | 20x | -19.7x | 3.5x |
| Wed, 20 Nov 2024 | HK$193.9b | HK$63.6b | -HK$11,367,785,471.79 | 17.2x | -17.1x | 3x |
| Fri, 18 Oct 2024 | HK$172.6b | HK$62.7b | -HK$14,337,475,504.98 | 17.3x | -12x | 2.8x |
| Sun, 15 Sep 2024 | HK$136.0b | HK$63.1b | -HK$14,438,258,733.21 | 11.1x | -9.4x | 2.2x |
| Tue, 13 Aug 2024 | HK$118.9b | HK$59.0b | -HK$13,936,756,052.54 | 11.4x | -8.5x | 2x |
| Thu, 11 Jul 2024 | HK$144.0b | HK$58.4b | -HK$13,777,663,132.66 | 13.3x | -10.5x | 2.5x |
| Sat, 08 Jun 2024 | HK$152.0b | HK$58.7b | -HK$16,316,071,015.72 | 14.8x | -9.3x | 2.6x |
| Mon, 06 May 2024 | HK$162.2b | HK$58.4b | -HK$15,487,754,452.70 | 13.9x | -10.5x | 2.8x |
| Wed, 03 Apr 2024 | HK$132.5b | HK$58.5b | -HK$15,577,258,137.08 | 11x | -8.5x | 2.3x |
| Fri, 01 Mar 2024 | HK$109.9b | HK$55.4b | -HK$15,649,193,433.73 | 8.7x | -7x | 2x |
| Sun, 28 Jan 2024 | HK$142.3b | HK$64.0b | -HK$15,234,588,922.00 | 10.1x | -9.3x | 2.2x |
| Tue, 26 Dec 2023 | HK$143.2b | HK$63.4b | -HK$15,361,340,341.00 | 11.8x | -9.3x | 2.3x |
| Thu, 23 Nov 2023 | HK$158.5b | HK$62.2b | -HK$9,296,104,014.00 | 14.9x | -17.1x | 2.5x |
| Sat, 21 Oct 2023 | HK$128.3b | HK$53.2b | -HK$9,638,488,926.00 | 10.8x | -13.3x | 2.4x |
| Mon, 18 Sep 2023 | HK$145.7b | HK$53.5b | -HK$9,699,433,575.00 | 15.5x | -15x | 2.7x |
| Wed, 16 Aug 2023 | HK$163.9b | HK$50.0b | -HK$10,430,170,125.00 | 21.4x | -15.7x | 3.3x |
| Fri, 14 Jul 2023 | HK$172.7b | HK$50.6b | -HK$10,731,473,231.00 | 20.3x | -16.1x | 3.4x |
| Sun, 11 Jun 2023 | HK$182.0b | HK$50.9b | -HK$10,812,459,804.00 | 17.5x | -16.8x | 3.6x |
| Tue, 09 May 2023 | HK$197.8b | HK$52.5b | -HK$11,627,022,637.00 | 16.5x | -17x | 3.8x |
| Thu, 06 Apr 2023 | HK$242.4b | HK$49.2b | -HK$11,737,647,912.00 | 15.6x | -20.7x | 4.9x |
| Sat, 04 Mar 2023 | HK$237.4b | HK$50.0b | -HK$26,249,641,651.00 | 15.3x | -9x | 4.7x |
| Mon, 30 Jan 2023 | HK$261.6b | HK$50.7b | -HK$26,633,784,502.00 | 19x | -9.8x | 5.2x |
| Wed, 28 Dec 2022 | HK$217.4b | HK$49.5b | -HK$25,859,382,358.00 | 15.7x | -8.4x | 4.4x |
Price to Earnings Ratio
-8.4x
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 3.7x is lower than the industry's current PS ratio of 5.9x.
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 Market | -1.02% | |
| Tech | -3.94% | |
| Software | -3.43% | |
| Systems Software | -0.18% | |
| Application Software | -3.45% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings growth rate of 2.2% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 49% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 268 Kingdee International Software Group | HK$13.73 | 3.9% +HK$1.8b | 52.0% | PS6.7x | |
| 9660 Horizon Robotics | HK$9.12 | 1.2% +HK$1.6b | 173.9% | PE54.7x | |
| 6687 JST Group | HK$30.00 | 3.4% +HK$427.5m | n/a | PE396.7x | |
| 8148 Wuxi Life International Holdings Group | HK$3.08 | 29.4% +HK$320.7m | 285.0% | PS24.9x | |
| 2586 Dmall | HK$7.10 | 3.6% +HK$232.0m | 23.9% | PS3x |
