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Hong Kong (HSI) Market Analysis & Valuation

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies2271
  • 7D1.8%
  • 3M14.8%
  • 1Y43.7%
  • YTD33.9%

Over the last 7 days, the market has risen 1.8%, driven by gains of 3.4% in the Communication Services sector. In the last year, the market has climbed 44%. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 29 Jul 2023HK$42.9tHK$46.0tHK$3.7t9.7x11.6x0.9x
Mon, 26 Jun 2023HK$41.3tHK$46.0tHK$3.7t9.5x11.2x0.9x
Wed, 24 May 2023HK$43.2tHK$46.7tHK$3.7t9.7x11.6x0.9x
Fri, 21 Apr 2023HK$44.9tHK$47.6tHK$3.8t9.8x11.8x0.9x
Sun, 19 Mar 2023HK$40.1tHK$43.2tHK$3.9t9.3x10.4x0.9x
Tue, 14 Feb 2023HK$44.3tHK$47.9tHK$4.3t9x10.4x0.9x
Thu, 12 Jan 2023HK$44.1tHK$48.0tHK$4.3t8.8x10.3x0.9x
Sat, 10 Dec 2022HK$42.4tHK$46.8tHK$4.2t8.8x10.2x0.9x
Mon, 07 Nov 2022HK$36.1tHK$45.8tHK$4.1t8.1x8.9x0.8x
Wed, 05 Oct 2022HK$37.2tHK$45.6tHK$4.0t8.3x9.2x0.8x
Fri, 02 Sep 2022HK$41.3tHK$46.8tHK$4.2t9.2x9.9x0.9x
Price to Earnings Ratio

9.9x


Total Market Cap: HK$41.3tTotal Earnings: HK$4.2tTotal Revenue: HK$46.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.6x202320242025
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 14.9x which is higher than its 3-year average PE of 11.6x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 2.1% per year over the last three years.
  • Revenues have also declined 2.3% 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 Market1.79%
Consumer Discretionary4.11%
Telecom3.38%
Materials3.11%
Tech2.85%
Real Estate2.05%
Financials0.95%
Consumer Staples0.94%
Industrials0.70%
Energy0.53%
Healthcare0.06%
Utilities-0.60%
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 236x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.9% which is higher than its past year's earnings decline of 1.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 1.1% 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?

CompanyLast Price7D1YValuationSector
700 Tencent HoldingsHK$614.504.7%
+HK$247.3b
60.9%PE24.5xTelecom
9992 Pop Mart International GroupHK$326.6014.7%
+HK$55.5b
594.9%PE58.6xConsumer Discretionary
981 Semiconductor Manufacturing InternationalHK$57.8011.6%
+HK$47.9b
250.7%PE102.4xTech
1288 Agricultural Bank of ChinaHK$5.502.4%
+HK$45.5b
50.7%PB0.6xFinancials
9999 NetEaseHK$217.606.6%
+HK$42.5b
70.0%PE18.5xTelecom
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