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Hong Kong (HSI) Market Analysis & Valuation
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies2294
- 7D-0.2%
- 3M-3.1%
- 1Y29.1%
- YTD0.2%
Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector declined by 3.5%. As for the longer term, the market has risen 29% in the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 02 Jan 2026 | HK$55.8t | HK$43.2t | HK$4.0t | 12x | 14.1x | 1.3x |
| Sun, 30 Nov 2025 | HK$56.5t | HK$42.8t | HK$3.9t | 12.2x | 14.4x | 1.3x |
| Tue, 28 Oct 2025 | HK$57.3t | HK$42.4t | HK$3.8t | 12.7x | 15.1x | 1.4x |
| Thu, 25 Sep 2025 | HK$57.1t | HK$43.4t | HK$4.0t | 12.4x | 14.4x | 1.3x |
| Sat, 23 Aug 2025 | HK$57.4t | HK$43.5t | HK$3.9t | 12.6x | 14.7x | 1.3x |
| Mon, 21 Jul 2025 | HK$54.7t | HK$43.6t | HK$3.9t | 11.8x | 14x | 1.3x |
| Wed, 18 Jun 2025 | HK$51.9t | HK$43.6t | HK$3.9t | 11.2x | 13.4x | 1.2x |
| Fri, 16 May 2025 | HK$50.0t | HK$43.1t | HK$3.8t | 11x | 13.1x | 1.2x |
| Sun, 13 Apr 2025 | HK$45.6t | HK$42.6t | HK$3.7t | 10.1x | 12.2x | 1.1x |
| Tue, 11 Mar 2025 | HK$48.4t | HK$43.3t | HK$3.5t | 10.5x | 13.7x | 1.1x |
| Thu, 06 Feb 2025 | HK$44.4t | HK$43.2t | HK$3.5t | 9.9x | 12.6x | 1x |
| Sat, 04 Jan 2025 | HK$43.9t | HK$42.6t | HK$3.6t | 9.9x | 12.1x | 1x |
| Mon, 02 Dec 2024 | HK$43.0t | HK$42.9t | HK$3.7t | 9.9x | 11.7x | 1x |
| Wed, 30 Oct 2024 | HK$44.5t | HK$43.3t | HK$3.6t | 9.8x | 12.4x | 1x |
| Fri, 27 Sep 2024 | HK$43.1t | HK$44.0t | HK$3.6t | 9.3x | 11.9x | 1x |
| Sun, 25 Aug 2024 | HK$40.3t | HK$43.4t | HK$3.6t | 8.7x | 11.3x | 0.9x |
| Tue, 23 Jul 2024 | HK$40.4t | HK$42.5t | HK$3.5t | 9.4x | 11.7x | 1x |
| Thu, 20 Jun 2024 | HK$41.7t | HK$43.2t | HK$3.4t | 9.6x | 12.2x | 1x |
| Sat, 18 May 2024 | HK$43.1t | HK$43.2t | HK$3.4t | 10x | 12.6x | 1x |
| Mon, 15 Apr 2024 | HK$39.0t | HK$43.3t | HK$3.4t | 9.2x | 11.4x | 0.9x |
| Wed, 13 Mar 2024 | HK$38.7t | HK$43.9t | HK$3.4t | 8.9x | 11.2x | 0.9x |
| Fri, 09 Feb 2024 | HK$36.5t | HK$44.0t | HK$3.4t | 8.6x | 10.9x | 0.8x |
| Sun, 07 Jan 2024 | HK$37.8t | HK$46.0t | HK$3.5t | 9.2x | 10.9x | 0.8x |
| Tue, 05 Dec 2023 | HK$37.9t | HK$45.9t | HK$3.5t | 9x | 10.9x | 0.8x |
| Thu, 02 Nov 2023 | HK$37.9t | HK$45.0t | HK$3.4t | 8.9x | 11x | 0.8x |
| Sat, 30 Sep 2023 | HK$39.4t | HK$45.0t | HK$3.4t | 9.2x | 11.5x | 0.9x |
| Mon, 28 Aug 2023 | HK$39.6t | HK$45.6t | HK$3.6t | 9.4x | 11x | 0.9x |
| Wed, 26 Jul 2023 | HK$42.0t | HK$46.1t | HK$3.7t | 9.4x | 11.4x | 0.9x |
| Fri, 23 Jun 2023 | HK$39.2t | HK$44.7t | HK$3.1t | 9.7x | 12.8x | 0.9x |
| Sun, 21 May 2023 | HK$43.5t | HK$46.9t | HK$3.7t | 9.7x | 11.7x | 0.9x |
| Tue, 18 Apr 2023 | HK$45.5t | HK$47.6t | HK$3.8t | 9.9x | 11.9x | 1x |
| Thu, 16 Mar 2023 | HK$43.1t | HK$47.7t | HK$4.1t | 8.7x | 10.4x | 0.9x |
| Sat, 11 Feb 2023 | HK$44.3t | HK$48.0t | HK$4.3t | 9x | 10.4x | 0.9x |
| Mon, 09 Jan 2023 | HK$43.6t | HK$47.6t | HK$4.2t | 8.9x | 10.3x | 0.9x |
Price to Earnings Ratio
10.3x
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 14.1x which is higher than its 3-year average PE of 12.1x.
Past Earnings Growth
- The earnings for companies in the Hong Kong industry have declined 2.2% per year over the last three years.
- Revenues have also declined 3.2% 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 | -0.24% | |
| Energy | 2.06% | |
| Materials | 1.05% | |
| Tech | 0.59% | |
| Financials | 0.52% | |
| Consumer Discretionary | -0.53% | |
| Industrials | -0.67% | |
| Telecom | -0.98% | |
| Real Estate | -1.49% | |
| Utilities | -2.08% | |
| Healthcare | -3.12% | |
| Consumer Staples | -3.46% | |
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 147x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings growth 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 growth rate of 1.4% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 2.6% 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 | Sector | |
|---|---|---|---|---|---|---|
| 700 Tencent Holdings | HK$623.00 | 3.3% +HK$180.5b | 50.4% | PE23.1x | Telecom | |
| 1288 Agricultural Bank of China | HK$5.83 | 3.9% +HK$77.0b | 37.2% | PB0.6x | Financials | |
| 1398 Industrial and Commercial Bank of China | HK$6.34 | 3.4% +HK$74.8b | 29.7% | PB0.5x | Financials | |
| 857 PetroChina | HK$8.52 | 4.7% +HK$69.5b | 39.2% | PE8.8x | Energy | |
| 939 China Construction Bank | HK$7.80 | 3.2% +HK$62.8b | 29.4% | PB0.5x | Financials |
