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Hong Kong (HSI) Market Analysis & Valuation

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies2316
  • 7D3.6%
  • 3M-2.1%
  • 1Y-3.1%
  • YTD-2.6%

Over the last 7 days, the market has risen 3.6%, driven by gains of 4.8% in the Financials sector. Longer term the market is actually down 3.1% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Hong Kong Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026HK$55.8tHK$45.4tHK$4.3t11.7x12.9x1.2x
Wed, 22 Jul 2026HK$54.3tHK$44.9tHK$4.2t11.6x12.9x1.2x
Fri, 19 Jun 2026HK$53.0tHK$44.9tHK$4.2t11.5x12.7x1.2x
Sun, 17 May 2026HK$56.7tHK$44.6tHK$4.2t12.7x13.6x1.3x
Tue, 14 Apr 2026HK$56.7tHK$44.5tHK$4.1t12.5x13.7x1.3x
Thu, 12 Mar 2026HK$57.3tHK$44.2tHK$4.0t12.3x14.2x1.3x
Sat, 07 Feb 2026HK$56.6tHK$43.7tHK$4.0t12.2x14.2x1.3x
Mon, 05 Jan 2026HK$56.7tHK$43.3tHK$4.0t12x14.3x1.3x
Wed, 03 Dec 2025HK$56.9tHK$42.8tHK$3.9t12.4x14.5x1.3x
Fri, 31 Oct 2025HK$56.7tHK$42.2tHK$3.8t12.7x14.9x1.3x
Sun, 28 Sep 2025HK$56.6tHK$43.3tHK$3.9t12.3x14.4x1.3x
Tue, 26 Aug 2025HK$58.1tHK$43.6tHK$3.9t12.6x14.9x1.3x
Thu, 24 Jul 2025HK$55.7tHK$43.7tHK$3.9t11.9x14.3x1.3x
Sat, 21 Jun 2025HK$51.6tHK$43.6tHK$3.9t11.1x13.3x1.2x
Mon, 19 May 2025HK$49.9tHK$43.1tHK$3.8t11x13.1x1.2x
Wed, 16 Apr 2025HK$44.8tHK$41.3tHK$3.6t10.5x12.5x1.1x
Fri, 14 Mar 2025HK$48.3tHK$43.4tHK$3.5t10.5x13.6x1.1x
Sun, 09 Feb 2025HK$45.1tHK$43.1tHK$3.5t10x12.9x1x
Tue, 07 Jan 2025HK$43.7tHK$42.5tHK$3.6t9.9x12x1x
Thu, 05 Dec 2024HK$43.8tHK$42.8tHK$3.7t9.9x11.9x1x
Sat, 02 Nov 2024HK$44.4tHK$43.4tHK$3.7t9.7x12x1x
Mon, 30 Sep 2024HK$43.9tHK$43.9tHK$3.6t9.5x12.2x1x
Wed, 28 Aug 2024HK$41.0tHK$43.5tHK$3.6t8.7x11.4x0.9x
Fri, 26 Jul 2024HK$39.4tHK$42.7tHK$3.5t9.1x11.3x0.9x
Sun, 23 Jun 2024HK$41.2tHK$43.1tHK$3.4t9.5x12.1x1x
Tue, 21 May 2024HK$43.4tHK$43.2tHK$3.4t10x12.7x1x
Thu, 18 Apr 2024HK$39.0tHK$43.2tHK$3.4t9.1x11.4x0.9x
Sat, 16 Mar 2024HK$38.4tHK$43.8tHK$3.5t8.8x11x0.9x
Mon, 12 Feb 2024HK$36.4tHK$43.7tHK$3.3t8.7x10.9x0.8x
Wed, 10 Jan 2024HK$37.2tHK$46.0tHK$3.5t9.1x10.7x0.8x
Fri, 08 Dec 2023HK$37.2tHK$45.9tHK$3.5t8.9x10.7x0.8x
Sun, 05 Nov 2023HK$38.6tHK$45.1tHK$3.4t9x11.2x0.9x
Tue, 03 Oct 2023HK$39.4tHK$45.0tHK$3.4t9.2x11.5x0.9x
Thu, 31 Aug 2023HK$40.2tHK$45.1tHK$3.5t9.3x11.4x0.9x
Price to Earnings Ratio

11.4x


Total Market Cap: HK$40.2tTotal Earnings: HK$3.5tTotal Revenue: HK$45.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 12.7x202420252026
Current Market PE
  • Investors are relatively neutral on the Hong Kong market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 12.7x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have grown 6.9% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Hong Kong Market?

HK Market3.64%
Materials8.59%
Energy5.82%
Real Estate4.91%
Financials4.81%
Healthcare3.72%
Industrials3.03%
Consumer Discretionary2.45%
Utilities2.13%
Telecom2.06%
Tech0.30%
Consumer Staples-0.23%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 55.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.7% which is higher than its past year's earnings decline of 1.5% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 7.2x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
1288 Agricultural Bank of ChinaHK$6.287.5%
+HK$154.0b		14.2%PB0.6xFinancials
700 Tencent HoldingsHK$457.003.9%
+HK$152.6b		-23.8%PE14.9xTelecom
939 China Construction BankHK$9.255.8%
+HK$132.1b		19.3%PB0.6xFinancials
857 PetroChinaHK$10.137.1%
+HK$123.5b		34.9%PE10xEnergy
1398 Industrial and Commercial Bank of ChinaHK$7.484.3%
+HK$110.5b		25.4%PB0.5xFinancials
See more

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