Analysis Article • Mar 26
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Water Industry Analysis
UpdatedJun 17, 2026
DataAggregated Company Financials
Companies12
- 7D-2.6%
- 3M-1.6%
- 1Y4.8%
- YTDn/a
Over the last 7 days, the Water industry has dropped 2.6%, driven by a pullback from Beijing Enterprises Water Group of 4.7%. Meanwhile, Taizhou Water Group actually outperformed within the industry, gaining 16% in the last week. In the past year, the industry has gained 4.8%. As for the next few years, earnings are expected to grow by 4.5% per annum.
Industry Valuation and Performance
Has the Hong Kong Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Jun 2026 | HK$89.5b | HK$67.8b | HK$5.2b | 7.3x | 17.1x | 1.3x |
| Fri, 15 May 2026 | HK$98.3b | HK$67.6b | HK$5.5b | 8.3x | 18x | 1.5x |
| Sun, 12 Apr 2026 | HK$95.0b | HK$67.0b | HK$5.4b | 8.6x | 17.7x | 1.4x |
| Tue, 10 Mar 2026 | HK$89.3b | HK$68.5b | HK$5.1b | 10.2x | 17.6x | 1.3x |
| Thu, 05 Feb 2026 | HK$91.8b | HK$68.3b | HK$5.1b | 10.3x | 18x | 1.3x |
| Sat, 03 Jan 2026 | HK$82.5b | HK$68.0b | HK$5.1b | 9.7x | 16.2x | 1.2x |
| Mon, 01 Dec 2025 | HK$88.4b | HK$67.5b | HK$5.1b | 10.7x | 17.4x | 1.3x |
| Wed, 29 Oct 2025 | HK$89.3b | HK$68.0b | HK$5.3b | 10.1x | 16.9x | 1.3x |
| Fri, 26 Sep 2025 | HK$85.5b | HK$67.7b | HK$5.1b | 9.8x | 16.8x | 1.3x |
| Sun, 24 Aug 2025 | HK$85.5b | HK$68.9b | HK$5.3b | 6.9x | 16.2x | 1.2x |
| Tue, 22 Jul 2025 | HK$87.0b | HK$69.0b | HK$5.3b | 5.8x | 16.5x | 1.3x |
| Thu, 19 Jun 2025 | HK$85.8b | HK$69.3b | HK$5.7b | 5.8x | 15.1x | 1.2x |
| Sat, 17 May 2025 | HK$79.0b | HK$69.0b | HK$5.7b | 6.3x | 13.9x | 1.1x |
| Mon, 14 Apr 2025 | HK$77.3b | HK$68.4b | HK$5.6b | 6x | 13.7x | 1.1x |
| Wed, 12 Mar 2025 | HK$76.5b | HK$72.5b | HK$6.4b | 3.9x | 11.9x | 1.1x |
| Fri, 07 Feb 2025 | HK$71.3b | HK$72.3b | HK$6.4b | 4.8x | 11.2x | 1x |
| Sun, 05 Jan 2025 | HK$77.9b | HK$72.2b | HK$6.3b | 4.9x | 12.3x | 1.1x |
| Tue, 03 Dec 2024 | HK$64.9b | HK$72.4b | HK$6.4b | 4.1x | 10.2x | 0.9x |
| Thu, 31 Oct 2024 | HK$68.1b | HK$73.9b | HK$6.5b | 4.2x | 10.5x | 0.9x |
| Sat, 28 Sep 2024 | HK$71.5b | HK$73.7b | HK$6.6b | 4x | 10.8x | 1x |
| Mon, 26 Aug 2024 | HK$61.0b | HK$77.7b | HK$6.2b | 4.7x | 9.8x | 0.8x |
| Wed, 24 Jul 2024 | HK$63.3b | HK$77.1b | HK$6.2b | 5.2x | 10.2x | 0.8x |
| Fri, 21 Jun 2024 | HK$69.1b | HK$78.6b | HK$6.4b | 5x | 10.8x | 0.9x |
| Sun, 19 May 2024 | HK$70.9b | HK$78.8b | HK$6.4b | 4.9x | 11.1x | 0.9x |
| Tue, 16 Apr 2024 | HK$54.8b | HK$77.7b | HK$6.4b | 4.6x | 8.5x | 0.7x |
| Thu, 14 Mar 2024 | HK$64.0b | HK$77.6b | HK$7.5b | 4.7x | 8.5x | 0.8x |
| Sat, 10 Feb 2024 | HK$58.2b | HK$77.7b | HK$7.5b | 4.5x | 7.7x | 0.7x |
| Mon, 08 Jan 2024 | HK$70.5b | HK$77.7b | HK$7.5b | 4.5x | 9.4x | 0.9x |
| Wed, 06 Dec 2023 | HK$60.2b | HK$77.7b | HK$7.5b | 4.2x | 8x | 0.8x |
| Fri, 03 Nov 2023 | HK$64.8b | HK$77.4b | HK$7.7b | 4.3x | 8.4x | 0.8x |
| Sun, 01 Oct 2023 | HK$68.9b | HK$78.2b | HK$8.1b | 4.5x | 8.5x | 0.9x |
| Tue, 29 Aug 2023 | HK$73.1b | HK$78.6b | HK$7.5b | 7.1x | 9.8x | 0.9x |
| Thu, 27 Jul 2023 | HK$78.1b | HK$79.0b | HK$7.5b | 6.8x | 10.4x | 1x |
| Sat, 24 Jun 2023 | HK$77.5b | HK$76.5b | HK$7.4b | 5.9x | 10.5x | 1x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Water Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.1x which is higher than its 3-year average PE of 12.5x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 11% per year over the last three years,
- Revenues have also declined 3.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Water compare with similar industries?
| HK Market | 0.25% | |
| Utilities | -3.22% | |
| Water Utilities | -2.64% | |
| Water | -2.64% | |
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 | |
|---|---|---|---|---|---|
| 1542 Taizhou Water Group | HK$1.10 | 20.9% +HK$38.0m | -23.6% | PS0.3x | |
| 2281 Luzhou Xinglu Water (Group) | HK$0.70 | 1.4% +HK$8.6m | 4.5% | PE4.8x | |
| 646 China Environmental Technology Holdings | HK$0.11 | 2.8% +HK$1.0m | -30.4% | PS1.2x |