Hong Kong (HSI) Market Analysis & Valuation

UpdatedAug 05, 2025

DataAggregated Company Financials

Companies2266

7D-2.1%
3M14.0%
1Y43.2%
YTD26.9%

Over the last 7 days, the market has dropped 2.1%, driven by pullbacks in every sector, especially the Financials sector. In the last year, the market is actually up 43%. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and Gas Gold Biotech Software Renewable Energy

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 05 Aug 2025	HK$54.7t	HK$43.6t	HK$3.9t	11.9x	14x	1.3x
Thu, 03 Jul 2025	HK$53.4t	HK$43.6t	HK$3.9t	11.1x	13.7x	1.2x
Sat, 31 May 2025	HK$50.3t	HK$43.5t	HK$3.9t	11.1x	13x	1.2x
Mon, 28 Apr 2025	HK$47.6t	HK$42.6t	HK$3.7t	10.7x	12.7x	1.1x
Wed, 26 Mar 2025	HK$48.5t	HK$43.7t	HK$3.6t	10.7x	13.5x	1.1x
Fri, 21 Feb 2025	HK$46.9t	HK$43.2t	HK$3.5t	10.2x	13.3x	1.1x
Sun, 19 Jan 2025	HK$43.4t	HK$42.6t	HK$3.6t	9.9x	11.9x	1x
Tue, 17 Dec 2024	HK$44.1t	HK$42.7t	HK$3.7t	9.9x	12.1x	1x
Thu, 14 Nov 2024	HK$43.7t	HK$43.0t	HK$3.7t	9.8x	11.9x	1x
Sat, 12 Oct 2024	HK$45.3t	HK$43.6t	HK$3.6t	10x	12.7x	1x
Mon, 09 Sep 2024	HK$39.2t	HK$43.7t	HK$3.6t	9x	10.9x	0.9x
Wed, 07 Aug 2024	HK$38.7t	HK$43.1t	HK$3.5t	8.9x	11x	0.9x
Fri, 05 Jul 2024	HK$41.5t	HK$42.6t	HK$3.5t	9.5x	12x	1x
Sun, 02 Jun 2024	HK$41.5t	HK$43.3t	HK$3.4t	9.7x	12.1x	1x
Tue, 30 Apr 2024	HK$40.6t	HK$43.2t	HK$3.4t	9.2x	11.9x	0.9x
Thu, 28 Mar 2024	HK$38.4t	HK$43.4t	HK$3.3t	8.8x	11.5x	0.9x
Sat, 24 Feb 2024	HK$38.5t	HK$43.8t	HK$3.4t	8.9x	11.3x	0.9x
Mon, 22 Jan 2024	HK$35.2t	HK$44.2t	HK$3.4t	8.8x	10.4x	0.8x
Wed, 20 Dec 2023	HK$37.3t	HK$45.9t	HK$3.5t	9x	10.7x	0.8x
Fri, 17 Nov 2023	HK$39.2t	HK$45.2t	HK$3.4t	9x	11.5x	0.9x
Sun, 15 Oct 2023	HK$39.3t	HK$45.0t	HK$3.4t	9.1x	11.5x	0.9x
Tue, 12 Sep 2023	HK$40.0t	HK$45.1t	HK$3.4t	9.3x	11.6x	0.9x
Thu, 10 Aug 2023	HK$41.7t	HK$45.7t	HK$3.6t	9.8x	11.4x	0.9x
Sat, 08 Jul 2023	HK$40.7t	HK$45.8t	HK$3.7t	9.7x	11.1x	0.9x
Mon, 05 Jun 2023	HK$42.2t	HK$46.5t	HK$3.7t	9.4x	11.3x	0.9x
Wed, 03 May 2023	HK$44.7t	HK$47.6t	HK$3.8t	9.7x	11.8x	0.9x
Fri, 31 Mar 2023	HK$43.7t	HK$48.0t	HK$4.1t	9.4x	10.6x	0.9x
Sun, 26 Feb 2023	HK$42.8t	HK$47.2t	HK$4.2t	8.8x	10.2x	0.9x
Tue, 24 Jan 2023	HK$45.3t	HK$48.1t	HK$4.3t	9.1x	10.6x	0.9x
Thu, 22 Dec 2022	HK$40.9t	HK$46.8t	HK$4.2t	8.7x	9.8x	0.9x
Sat, 19 Nov 2022	HK$38.7t	HK$45.8t	HK$4.1t	8.4x	9.5x	0.8x
Mon, 17 Oct 2022	HK$36.6t	HK$45.2t	HK$4.0t	8.2x	9.2x	0.8x
Wed, 14 Sep 2022	HK$41.3t	HK$46.6t	HK$4.1t	9x	10x	0.9x
Fri, 12 Aug 2022	HK$42.0t	HK$47.0t	HK$4.3t	8.7x	9.7x	0.9x

Price to Earnings Ratio

9.7x

Fri, 12 Aug 2022

Current Market PE

Investors are optimistic on the Hong Kong market, and appear confident in strong long term growth rates.

The market is trading at a PE ratio of 14.0x which is higher than its 3-year average PE of 11.5x.

Past Earnings Growth

The earnings for companies in the Hong Kong industry have declined 3.5% per year over the last three years.
Revenues have also declined 2.5% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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


HK Market	-2.13%
Telecom	-0.66%
Utilities	-0.85%
Energy	-0.89%
Consumer Staples	-1.11%
Tech	-1.28%
Healthcare	-1.91%
Materials	-2.40%
Real Estate	-2.62%
Financials	-2.94%
Industrials	-2.95%
Consumer Discretionary	-3.74%

Sector PE

Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 223x.

The market's confidence is likely because analysts are expecting annual earnings growth of 28.9% which is higher than its past year's earnings decline of 1.4% per year.

Forecasted Growth

Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
This is better than its past earnings decline of 1.4% per year.

In contrast, the Energy 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?

Company	Last Price	7D	1Y	Valuation	Sector
1288 Agricultural Bank of China	HK$5.38	3.9% +HK$70.0b	60.6%	PB0.6x	Financials
700 Tencent Holdings	HK$559.00	0.7% +HK$36.3b	57.7%	PE23.2x	Telecom
1398 Industrial and Commercial Bank of China	HK$6.16	1.5% +HK$32.1b	47.0%	PB0.5x	Financials
1024 Kuaishou Technology	HK$79.15	9.8% +HK$30.4b	84.7%	PE20.5x	Telecom
2577 InnoScience (Suzhou) Technology Holding	HK$70.15	61.3% +HK$26.9b	n/a	PS78.3x	Tech

Market Insights

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5 comments

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