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Hong Kong (HSI) Gas Utilities Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies18
  • 7D1.4%
  • 3M-4.7%
  • 1Y0.2%
  • YTD-2.9%

In the last week, the Gas Utilities industry is up 1.4%, with ENN Energy Holdings leading the way, up 2.5%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

Has the Hong Kong Gas Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026HK$423.9bHK$756.7bHK$33.4b10.4x12.7x0.6x
Tue, 24 Mar 2026HK$431.4bHK$751.4bHK$33.7b8.4x12.8x0.6x
Thu, 19 Feb 2026HK$461.5bHK$750.8bHK$33.6b8.5x13.7x0.6x
Sat, 17 Jan 2026HK$436.6bHK$745.9bHK$33.4b8.7x13.1x0.6x
Mon, 15 Dec 2025HK$450.8bHK$739.4bHK$33.1b9x13.6x0.6x
Wed, 12 Nov 2025HK$458.7bHK$735.3bHK$33.3b9.3x13.8x0.6x
Fri, 10 Oct 2025HK$423.7bHK$735.6bHK$33.3b9.5x12.7x0.6x
Sun, 07 Sep 2025HK$430.4bHK$735.7bHK$33.3b9.9x12.9x0.6x
Tue, 05 Aug 2025HK$431.6bHK$732.0bHK$34.6b10x12.5x0.6x
Thu, 03 Jul 2025HK$425.5bHK$732.4bHK$34.6b9.7x12.3x0.6x
Sat, 31 May 2025HK$427.5bHK$731.6bHK$34.3b8.4x12.4x0.6x
Mon, 28 Apr 2025HK$422.8bHK$721.4bHK$33.9b8.3x12.5x0.6x
Wed, 26 Mar 2025HK$434.1bHK$725.3bHK$34.4b7.7x12.6x0.6x
Fri, 21 Feb 2025HK$404.7bHK$725.6bHK$33.4b9x12.1x0.6x
Sun, 19 Jan 2025HK$404.4bHK$722.3bHK$33.3b8.8x12.2x0.6x
Tue, 17 Dec 2024HK$413.9bHK$724.1bHK$33.3b8.7x12.4x0.6x
Thu, 14 Nov 2024HK$407.4bHK$729.6bHK$33.6b8.9x12.1x0.6x
Sat, 12 Oct 2024HK$425.2bHK$737.5bHK$33.9b9.4x12.5x0.6x
Mon, 09 Sep 2024HK$401.2bHK$737.8bHK$34.0b8.7x11.8x0.5x
Wed, 07 Aug 2024HK$404.0bHK$725.0bHK$36.8b8.3x11x0.6x
Fri, 05 Jul 2024HK$433.6bHK$718.2bHK$36.5b9.2x11.9x0.6x
Sun, 02 Jun 2024HK$436.2bHK$724.1bHK$36.3b9.7x12x0.6x
Tue, 30 Apr 2024HK$417.9bHK$717.7bHK$35.8b9.8x11.7x0.6x
Thu, 28 Mar 2024HK$406.5bHK$723.4bHK$38.5b9.4x10.6x0.6x
Sat, 24 Feb 2024HK$416.2bHK$717.3bHK$36.3b10.1x11.5x0.6x
Mon, 22 Jan 2024HK$384.0bHK$719.0bHK$36.4b10x10.5x0.5x
Wed, 20 Dec 2023HK$386.8bHK$718.9bHK$36.4b9.9x10.6x0.5x
Fri, 17 Nov 2023HK$405.2bHK$720.7bHK$37.6b10.1x10.8x0.6x
Sun, 15 Oct 2023HK$397.8bHK$719.5bHK$37.6b9.7x10.6x0.6x
Tue, 12 Sep 2023HK$382.3bHK$720.2bHK$37.6b9.2x10.2x0.5x
Thu, 10 Aug 2023HK$460.1bHK$721.1bHK$36.9b11.2x12.5x0.6x
Sat, 08 Jul 2023HK$445.9bHK$720.8bHK$36.9b10.6x12.1x0.6x
Mon, 05 Jun 2023HK$498.1bHK$727.8bHK$39.7b11.8x12.5x0.7x
Wed, 03 May 2023HK$510.1bHK$736.5bHK$40.0b10.9x12.7x0.7x
Price to Earnings Ratio

12.7x


Total Market Cap: HK$510.1bTotal Earnings: HK$40.0bTotal Revenue: HK$736.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Gas Utilities Industry Price to Earnings3Y Average 12.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Gas Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 12.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have declined 6.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities industry?

HK Market0.18%
Utilities2.54%
Gas Utilities1.38%
Gas Utilities1.38%
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
2688 ENN Energy HoldingsHK$63.052.5%
+HK$1.7b		2.9%PE10.4x
3 Hong Kong and China GasHK$7.261.3%
+HK$1.7b		3.6%PE23.8x
135 Kunlun EnergyHK$7.601.6%
+HK$1.0b		0.8%PE10.7x
384 China Gas HoldingsHK$7.292.0%
+HK$762.7m		5.5%PE14.1x
392 Beijing Enterprises HoldingsHK$31.781.3%
+HK$528.4m		3.2%PE6.7x

Latest News

392
HK$31.78
Beijing Enterprises Holdings
7D
1.3%
1Y
3.2%
1083
HK$3.58
Towngas Smart Energy
7D
0.8%
1Y
3.5%
603
HK$0.17
China Oil And Gas Group
7D
-2.3%
1Y
14.4%

China Oil And Gas Group's (HKG:603) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Apr 22
China Oil And Gas Group's (HKG:603) Sluggish Earnings Might Be Just The Beginning Of Its Problems
2688
HK$63.05
ENN Energy Holdings
7D
2.5%
1Y
2.9%

2688: Fair Value Should Stay Supported As Dividend Decision Nears

Analysts have slightly raised their HK$ price target for ENN Energy Holdings, citing updated assumptions that reflect a fair value estimate of HK$73.89, with a modest shift in expected revenue growth, profit margin, and future P/E compared with prior views. What's in the News A board meeting is scheduled for March 27, 2026, to review the annual results of ENN Energy Holdings and its subsidiaries for the year ended December 31, 2025 (company filing).
2886
HK$1.18
Binhai Investment
7D
-3.3%
1Y
8.3%

Solid Earnings May Not Tell The Whole Story For Binhai Investment (HKG:2886)

Apr 16
Solid Earnings May Not Tell The Whole Story For Binhai Investment (HKG:2886)
8117
HK$0.06
China Primary Energy Holdings
7D
-7.7%
1Y
20.0%
1265
HK$0.18
Tianjin Jinran Public Utilities
7D
-6.6%
1Y
2.8%
6828
HK$0.039
Beijing Gas Blue Sky Holdings
7D
5.4%
1Y
18.2%
3633
HK$2.74
Zhongyu Energy Holdings
7D
0%
1Y
-37.4%
9908
HK$8.17
JiaXing Gas Group
7D
-1.3%
1Y
15.9%
1193
HK$18.79
China Resources Gas Group
7D
-0.05%
1Y
-13.2%
1407
HK$0.58
Jy Gas
7D
9.4%
1Y
56.8%
135
HK$7.60
Kunlun Energy
7D
1.6%
1Y
0.8%
3
HK$7.26
Hong Kong and China Gas
7D
1.3%
1Y
3.6%
384
HK$7.29
China Gas Holdings
7D
2.0%
1Y
5.5%

Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?

Jan 27
Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?