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- 7D-7.5%
- 3M-22.2%
- 1Y-12.1%
- YTD-24.5%
Over the last 7 days, the Software industry has dropped 4.8%, driven by a pullback from MiniMax Group of 9.8%. Meanwhile, Knowledge Atlas Technology actually outperformed within the industry, gaining 5.9% in the last week. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 80% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | HK$386.3b | HK$80.6b | -HK$24,866,011,781.07 | 25.8x | -15.5x | 4.8x |
| Fri, 27 Feb 2026 | HK$436.0b | HK$69.1b | -HK$8,480,711,952.76 | 14.8x | -51.4x | 6.3x |
| Sun, 25 Jan 2026 | HK$466.7b | HK$67.7b | -HK$8,034,853,652.07 | 21.5x | -58.1x | 6.9x |
| Tue, 23 Dec 2025 | HK$389.2b | HK$66.6b | -HK$7,805,673,116.41 | 16x | -49.9x | 5.8x |
| Thu, 20 Nov 2025 | HK$389.8b | HK$67.3b | -HK$8,605,799,999.01 | 18x | -45.3x | 5.8x |
| Sat, 18 Oct 2025 | HK$413.4b | HK$67.0b | -HK$8,581,807,391.36 | 18.5x | -48.2x | 6.2x |
| Mon, 15 Sep 2025 | HK$470.2b | HK$67.1b | -HK$8,630,085,586.23 | 24.3x | -54.5x | 7x |
| Wed, 13 Aug 2025 | HK$363.3b | HK$62.3b | -HK$10,501,803,295.95 | 28.5x | -34.6x | 5.8x |
| Fri, 11 Jul 2025 | HK$324.3b | HK$63.5b | -HK$10,543,327,314.44 | 24.8x | -30.8x | 5.1x |
| Sun, 08 Jun 2025 | HK$301.6b | HK$62.5b | -HK$10,638,531,685.14 | 27.2x | -28.4x | 4.8x |
| Tue, 06 May 2025 | HK$313.3b | HK$61.6b | -HK$10,410,514,957.15 | 25.3x | -30.1x | 5.1x |
| Thu, 03 Apr 2025 | HK$303.4b | HK$61.8b | -HK$10,458,593,690.81 | 25.3x | -29x | 4.9x |
| Sat, 01 Mar 2025 | HK$228.7b | HK$59.0b | -HK$11,879,699,359.93 | 31.4x | -19.3x | 3.9x |
| Mon, 27 Jan 2025 | HK$205.7b | HK$59.3b | -HK$11,954,599,756.98 | 23x | -17.2x | 3.5x |
| Wed, 25 Dec 2024 | HK$219.8b | HK$63.0b | -HK$11,312,382,824.74 | 20.2x | -19.4x | 3.5x |
| Fri, 22 Nov 2024 | HK$202.0b | HK$63.6b | -HK$11,363,720,560.29 | 17.7x | -17.8x | 3.2x |
| Sun, 20 Oct 2024 | HK$185.2b | HK$62.8b | -HK$14,371,544,335.88 | 17.9x | -12.9x | 2.9x |
| Tue, 17 Sep 2024 | HK$135.1b | HK$63.0b | -HK$14,423,395,171.54 | 11x | -9.4x | 2.1x |
| Thu, 15 Aug 2024 | HK$118.3b | HK$59.2b | -HK$14,046,056,674.99 | 11.2x | -8.4x | 2x |
| Sat, 13 Jul 2024 | HK$146.7b | HK$58.5b | -HK$13,817,084,191.55 | 13.2x | -10.6x | 2.5x |
| Mon, 10 Jun 2024 | HK$152.0b | HK$58.7b | -HK$16,312,217,654.99 | 14.8x | -9.3x | 2.6x |
| Wed, 08 May 2024 | HK$162.9b | HK$58.6b | -HK$15,550,386,820.52 | 13.8x | -10.5x | 2.8x |
| Fri, 05 Apr 2024 | HK$127.6b | HK$58.5b | -HK$15,530,180,952.96 | 13.9x | -8.2x | 2.2x |
| Sun, 03 Mar 2024 | HK$109.1b | HK$55.4b | -HK$15,652,483,714.91 | 8.3x | -7x | 2x |
| Tue, 30 Jan 2024 | HK$141.9b | HK$63.7b | -HK$15,158,177,772.00 | 10.8x | -9.4x | 2.2x |
| Thu, 28 Dec 2023 | HK$146.5b | HK$63.3b | -HK$15,327,768,782.00 | 11.3x | -9.6x | 2.3x |
| Sat, 25 Nov 2023 | HK$159.0b | HK$62.2b | -HK$9,291,310,311.00 | 14.7x | -17.1x | 2.6x |
| Mon, 23 Oct 2023 | HK$128.3b | HK$53.2b | -HK$9,641,851,156.00 | 10.8x | -13.3x | 2.4x |
| Wed, 20 Sep 2023 | HK$142.0b | HK$53.3b | -HK$9,668,183,416.00 | 14.7x | -14.7x | 2.7x |
| Fri, 18 Aug 2023 | HK$162.7b | HK$50.3b | -HK$9,994,531,959.00 | 20.7x | -16.3x | 3.2x |
| Sun, 16 Jul 2023 | HK$172.6b | HK$50.7b | -HK$10,751,719,135.00 | 20.1x | -16.1x | 3.4x |
| Tue, 13 Jun 2023 | HK$181.1b | HK$50.8b | -HK$10,784,758,109.00 | 17.1x | -16.8x | 3.6x |
| Thu, 11 May 2023 | HK$192.9b | HK$52.3b | -HK$11,588,389,912.00 | 16.5x | -16.6x | 3.7x |
| Sat, 08 Apr 2023 | HK$245.3b | HK$52.8b | -HK$11,675,562,171.00 | 17.7x | -21x | 4.6x |
Price to Earnings Ratio
-21x
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 3.9x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the 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 Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -1.06% | |
| Tech | -3.96% | |
| Software | -7.49% | |
| Application Software | -5.83% | |
| Systems Software | -22.21% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 105% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Application Software industry is expected to see its earnings grow by 79% 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 | |
|---|---|---|---|---|---|
| 2513 Knowledge Atlas Technology | HK$915.00 | 20.4% +HK$69.1b | n/a | PS781.8x | |
| 6682 Phancy Group | HK$37.34 | 8.0% +HK$1.4b | -20.0% | PS2.4x | |
| 6687 JST Group | HK$20.70 | 5.6% +HK$475.5m | n/a | PS6.9x | |
| 20 SenseTime Group | HK$1.89 | 0.5% +HK$404.2m | 23.5% | PS13.4x | |
| 2121 AInnovation Technology Group | HK$5.25 | 8.2% +HK$218.9m | 36.7% | PS1.7x |