Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Shiller PE Ratio : 29.99 (As of Apr. 26, 2024)

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What is Hong Kong Exchanges and Clearing Shiller PE Ratio?

As of today (2024-04-26), Hong Kong Exchanges and Clearing's current share price is $30.894. Hong Kong Exchanges and Clearing's E10 for the quarter that ended in Dec. 2023 was $1.03. Hong Kong Exchanges and Clearing's Shiller PE Ratio for today is 29.99.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Shiller PE Ratio or its related term are showing as below:

HKXCF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 27.85 Med: 41.69 Max: 89.57
Current: 31.85

During the past years, Hong Kong Exchanges and Clearing's highest Shiller PE Ratio was 89.57. The lowest was 27.85. And the median was 41.69.

HKXCF's Shiller PE Ratio is not ranked
in the Capital Markets industry.
Industry Median: 19.77 vs HKXCF: 31.85

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Hong Kong Exchanges and Clearing's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.262. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Hong Kong Exchanges and Clearing Shiller PE Ratio Historical Data

The historical data trend for Hong Kong Exchanges and Clearing's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hong Kong Exchanges and Clearing Shiller PE Ratio Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shiller PE Ratio

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41.49

67.98

66.37

46.08

33.75

Hong Kong Exchanges and Clearing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Shiller PE Ratio	Get a 7-Day Free Trial															46.33	38.68	37.69	33.75	-

Competitive Comparison of Hong Kong Exchanges and Clearing's Shiller PE Ratio

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hong Kong Exchanges and Clearing's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Shiller PE Ratio falls into.

Hong Kong Exchanges and Clearing Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Hong Kong Exchanges and Clearing's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	30.894	/	1.03
	=	29.99

Hong Kong Exchanges and Clearing's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Hong Kong Exchanges and Clearing's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	0.262	/	117.2957	*	117.2957
	=	0.262

Current CPI (Dec. 2023) = 117.2957.

Hong Kong Exchanges and Clearing Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201403	0.130	95.749	0.159
201406	0.132	96.409	0.161
201409	0.142	97.948	0.170
201412	0.166	99.707	0.195
201503	0.173	99.927	0.203
201506	0.275	99.267	0.325
201509	0.250	99.927	0.293
201512	0.163	102.015	0.187
201603	0.152	102.785	0.173
201606	0.165	101.686	0.190
201609	0.164	102.565	0.188
201612	0.131	103.225	0.149
201703	0.180	103.335	0.204
201706	0.186	103.664	0.210
201709	0.211	103.994	0.238
201712	0.195	104.984	0.218
201803	0.264	105.973	0.292
201806	0.254	106.193	0.281
201809	0.250	106.852	0.274
201812	0.187	107.622	0.204
201903	0.266	108.172	0.288
201906	0.263	109.601	0.281
201909	0.223	110.260	0.237
201912	0.200	110.700	0.212
202003	0.231	110.920	0.244
202006	0.303	110.590	0.321
202009	0.341	107.512	0.372
202012	0.298	109.711	0.319
202103	0.390	111.579	0.410
202106	0.281	111.360	0.296
202109	0.329	109.051	0.354
202112	0.271	112.349	0.283
202203	0.270	113.558	0.279
202206	0.218	113.448	0.225
202209	0.228	113.778	0.235
202212	0.302	114.548	0.309
202303	0.343	115.427	0.349
202306	0.292	115.647	0.296
202309	0.298	116.087	0.301
202312	0.262	117.296	0.262

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Hong Kong Exchanges and Clearing (OTCPK:HKXCF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.

Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.

Hong Kong Exchanges and Clearing Shiller PE Ratio Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCF) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

HKXCY:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.