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Hong Kong (HSI) Market Analysis & Valuation
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies2298
- 7D-3.3%
- 3M-0.6%
- 1Y30.4%
- YTD1.9%
Over the last 7 days, the market has dropped 3.3%, driven by a pullback of 8.1% in the Communication Services sector. In the last year, the market is actually up 30%. Earnings are forecast to grow by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | HK$56.8t | HK$43.7t | HK$4.0t | 12.4x | 14.2x | 1.3x |
| Sat, 03 Jan 2026 | HK$56.7t | HK$43.3t | HK$4.0t | 12x | 14.3x | 1.3x |
| Mon, 01 Dec 2025 | HK$56.5t | HK$42.8t | HK$3.9t | 12.2x | 14.4x | 1.3x |
| Wed, 29 Oct 2025 | HK$57.0t | HK$42.4t | HK$3.8t | 12.7x | 14.9x | 1.3x |
| Fri, 26 Sep 2025 | HK$57.0t | HK$43.4t | HK$4.0t | 12.3x | 14.3x | 1.3x |
| Sun, 24 Aug 2025 | HK$57.5t | HK$43.6t | HK$3.9t | 12.5x | 14.7x | 1.3x |
| Tue, 22 Jul 2025 | HK$55.0t | HK$43.6t | HK$3.9t | 12x | 14.1x | 1.3x |
| Thu, 19 Jun 2025 | HK$51.7t | HK$43.5t | HK$3.9t | 11.2x | 13.3x | 1.2x |
| Sat, 17 May 2025 | HK$49.8t | HK$43.2t | HK$3.8t | 11x | 13x | 1.2x |
| Mon, 14 Apr 2025 | HK$45.7t | HK$42.6t | HK$3.7t | 10.1x | 12.2x | 1.1x |
| Wed, 12 Mar 2025 | HK$48.6t | HK$43.4t | HK$3.5t | 10.6x | 13.7x | 1.1x |
| Fri, 07 Feb 2025 | HK$44.8t | HK$43.1t | HK$3.5t | 10x | 12.8x | 1x |
| Sun, 05 Jan 2025 | HK$43.9t | HK$42.5t | HK$3.6t | 9.9x | 12.1x | 1x |
| Tue, 03 Dec 2024 | HK$43.3t | HK$42.8t | HK$3.7t | 10x | 11.8x | 1x |
| Thu, 31 Oct 2024 | HK$43.9t | HK$43.2t | HK$3.6t | 9.7x | 12.2x | 1x |
| Sat, 28 Sep 2024 | HK$43.9t | HK$43.9t | HK$3.6t | 9.5x | 12.2x | 1x |
| Mon, 26 Aug 2024 | HK$40.3t | HK$43.4t | HK$3.6t | 8.7x | 11.3x | 0.9x |
| Wed, 24 Jul 2024 | HK$40.1t | HK$42.5t | HK$3.5t | 9.3x | 11.6x | 0.9x |
| Fri, 21 Jun 2024 | HK$41.6t | HK$43.1t | HK$3.4t | 9.6x | 12.2x | 1x |
| Sun, 19 May 2024 | HK$43.1t | HK$43.2t | HK$3.4t | 10x | 12.6x | 1x |
| Tue, 16 Apr 2024 | HK$39.2t | HK$43.2t | HK$3.4t | 9.2x | 11.5x | 0.9x |
| Thu, 14 Mar 2024 | HK$38.6t | HK$43.8t | HK$3.4t | 8.9x | 11.2x | 0.9x |
| Sat, 10 Feb 2024 | HK$36.6t | HK$43.5t | HK$3.3t | 8.7x | 11x | 0.8x |
| Mon, 08 Jan 2024 | HK$37.8t | HK$46.0t | HK$3.5t | 9.2x | 10.9x | 0.8x |
| Wed, 06 Dec 2023 | HK$37.3t | HK$45.9t | HK$3.5t | 8.9x | 10.7x | 0.8x |
| Fri, 03 Nov 2023 | HK$38.0t | HK$45.0t | HK$3.4t | 9x | 11.1x | 0.8x |
| Sun, 01 Oct 2023 | HK$39.4t | HK$45.0t | HK$3.4t | 9.2x | 11.5x | 0.9x |
| Tue, 29 Aug 2023 | HK$39.9t | HK$45.1t | HK$3.6t | 9.3x | 11.2x | 0.9x |
| Thu, 27 Jul 2023 | HK$42.0t | HK$46.0t | HK$3.7t | 9.5x | 11.4x | 0.9x |
| Sat, 24 Jun 2023 | HK$41.3t | HK$46.0t | HK$3.7t | 9.5x | 11.2x | 0.9x |
| Mon, 22 May 2023 | HK$43.6t | HK$46.9t | HK$3.7t | 9.7x | 11.7x | 0.9x |
| Wed, 19 Apr 2023 | HK$45.4t | HK$47.6t | HK$3.8t | 9.8x | 11.9x | 1x |
| Fri, 17 Mar 2023 | HK$42.6t | HK$47.5t | HK$4.1t | 8.7x | 10.4x | 0.9x |
| Sun, 12 Feb 2023 | HK$44.2t | HK$48.0t | HK$4.3t | 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 14.2x which is higher than its 3-year average PE of 12.3x.
Past Earnings Growth
- The earnings for companies in the Hong Kong industry have declined 2.3% per year over the last three years.
- Revenues have also declined 3.1% 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 | -3.32% | |
| Real Estate | 2.37% | |
| Industrials | 0.68% | |
| Utilities | -0.91% | |
| Consumer Staples | -0.98% | |
| Energy | -1.15% | |
| Financials | -1.45% | |
| Healthcare | -4.24% | |
| Consumer Discretionary | -4.28% | |
| Tech | -7.48% | |
| Telecom | -8.11% | |
| Materials | -9.06% | |
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 120x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.9%, 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 30% 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 2.3% 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 | |
|---|---|---|---|---|---|---|
| 9992 Pop Mart International Group | HK$242.40 | 4.8% +HK$14.9b | 144.4% | PE42.1x | Consumer Discretionary | |
| 669 Techtronic Industries | HK$113.40 | 6.8% +HK$13.2b | 10.6% | PE22.1x | Industrials | |
| 753 Air China | HK$7.58 | 9.9% +HK$11.9b | 64.8% | PE433.9x | Industrials | |
| 66 MTR | HK$36.74 | 5.4% +HK$11.7b | 50.3% | PE13.1x | Industrials | |
| 27 Galaxy Entertainment Group | HK$42.56 | 5.1% +HK$9.0b | 43.8% | PE19.4x | Consumer Discretionary |
