Hong Kong Stock Market: current P/E Ratio

15.03
Last update: 17 January 2025

The estimated P/E Ratio for Hong Kong Stock Market is 15.03, calculated on 17 January 2025.

Considering the last 5 years, an average P/E interval is [14.20 , 16.30]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWH Etf, whose benchmark is the Hong Kong Stock Market.

Historical P/E Ratio

When evaluating the P/E Ratio, it's important to not only look at its absolute value but also compare it to the average of previous periods. This allows for a more comprehensive understanding of the index/market valuation.

The following chart shows how the Hong Kong Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

17 January 2025 · P/E Ratio: 15.03
17 January 2025 · P/E Ratio: 15.03 · 1Y Average: 14.76 · 1 Std Dev range: [14.38 , 15.13] · 2 Std Dev range: [14.01 , 15.50]
17 January 2025 · P/E Ratio: 15.03 · 5Y Average: 15.25 · 1 Std Dev range: [14.20 , 16.30] · 2 Std Dev range: [13.15 , 17.34]
17 January 2025 · P/E Ratio: 15.03 · 10Y Average: 15.06 · 1 Std Dev range: [14.19 , 15.93] · 2 Std Dev range: [13.32 , 16.80]
17 January 2025 · P/E Ratio: 15.03 · 20Y Average: 15.18 · 1 Std Dev range: [14.24 , 16.12] · 2 Std Dev range: [13.30 , 17.05]
Methodology
The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset).
A P/E between (μ - σ) and (μ + σ) is considered "Fair", over a specific timeframe.
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".
17 January 2025 · P/E Ratio: 15.03 · Last Periods metrics
Show all periods
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Range
Analysis
Period Average P/E
(μ)		 Std Dev
(σ)		 Std Dev Range
[ μ-2σ · μ-σ , μ+σ · μ+2σ ]		 vs Current P/E
( 15.03 )		 Deviation
vs μ		 Valuation
Last 1Y 14.76 0.37 [14.01 · 14.38 , 15.13 · 15.50]
+0.75 σ
Fair
Last 2Y 15.08 0.66 [13.76 · 14.42 , 15.73 · 16.39]
-0.06 σ
Fair
Last 3Y 14.56 0.73 [13.11 · 13.84 , 15.29 · 16.02]
+0.64 σ
Fair
Last 4Y 15.10 1.05 [13.01 · 14.06 , 16.15 · 17.20]
-0.07 σ
Fair
Last 5Y 15.25 1.05 [13.15 · 14.20 , 16.30 · 17.34]
-0.21 σ
Fair
Last 6Y 15.06 0.94 [13.18 · 14.12 , 16.00 · 16.93]
-0.02 σ
Fair
Last 7Y 15.02 0.93 [13.15 · 14.09 , 15.95 · 16.88]
+0.02 σ
Fair
Last 8Y 15.11 0.87 [13.36 · 14.23 , 15.98 · 16.86]
-0.09 σ
Fair
Last 9Y 15.05 0.88 [13.29 · 14.17 , 15.93 · 16.81]
-0.02 σ
Fair
Last 10Y 15.06 0.87 [13.32 · 14.19 , 15.93 · 16.80]
-0.03 σ
Fair
Last 11Y 14.96 0.83 [13.30 · 14.13 , 15.80 · 16.63]
+0.08 σ
Fair
Last 12Y 14.95 0.81 [13.33 · 14.14 , 15.75 · 16.56]
+0.11 σ
Fair
Last 13Y 14.88 0.78 [13.31 · 14.10 , 15.66 · 16.45]
+0.20 σ
Fair
Last 14Y 14.85 0.81 [13.22 · 14.04 , 15.67 · 16.48]
+0.22 σ
Fair
Last 15Y 14.93 0.82 [13.28 · 14.11 , 15.76 · 16.58]
+0.13 σ
Fair
Last 16Y 15.00 0.89 [13.22 · 14.11 , 15.89 · 16.77]
+0.04 σ
Fair
Last 17Y 15.00 0.93 [13.14 · 14.07 , 15.92 · 16.85]
+0.04 σ
Fair
Last 18Y 15.08 0.97 [13.14 · 14.11 , 16.05 · 17.02]
-0.05 σ
Fair
Last 19Y 15.14 0.96 [13.21 · 14.17 , 16.10 · 17.07]
-0.11 σ
Fair
Last 20Y 15.18 0.94 [13.30 · 14.24 , 16.12 · 17.05]
-0.15 σ
Fair

P/E Comparison

How is the Hong Kong Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Hong Kong 15.03
+0.75 σ -0.21 σ -0.03 σ -0.15 σ
All World 21.60
+1.63 σ +2.57 σ +3.64 σ +4.47 σ
Developed ex-US 16.40
+1.32 σ +1.13 σ +2.10 σ +2.54 σ

Hong Kong Stock Market Trend

Trend is evaluated considering the price of the EWH Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -1.16% 17 Jan
Short Term Price vs SMA50 -3.66% 17 Jan
The 200-day moving average is a long-term indicator that takes into account the average price of a stock over the past 200 trading days. It is considered a significant level of support or resistance, meaning that when the stock price is above the 200-day moving average (i.e. margin vs moving average is positive), it is generally viewed as bullish, while when it is below, it is viewed as bearish.

The 50-day moving average, on the other hand, is a shorter-term indicator that measures the average price of a stock over the past 50 trading days. It is also viewed as a significant level of support or resistance and can be used to identify shorter-term trends.