HKXCF (Hong Kong Exchanges and Clearing) EBITDA Margin %: 96.46% (As of Mar. 2026) — Near Median


HKXCF Hong Kong Exchanges and Clearing Ltd HKXCF
91 GF Score
Price $47.67
GF Value $64.28
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Hong Kong Exchanges and Clearing EBITDA Margin %?

Hong Kong Exchanges and Clearing HKXCF +1.22% 91 EBITDA Margin % is 96.46% as of Mar. 2026, which is 7% above its 10-year median of 90.55. GuruFocus rates HKXCF with a GF Score™ of 91/100 and a GF Value™ of $64.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 666 Capital Markets companies, Hong Kong Exchanges and Clearing ranks better than 92.64% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Hong Kong Exchanges and Clearing's EBITDA for the three months ended in Mar. 2026 was $843 Mil. Hong Kong Exchanges and Clearing's Revenue for the three months ended in Mar. 2026 was $874 Mil. Therefore, Hong Kong Exchanges and Clearing's EBITDA margin for the quarter that ended in Mar. 2026 was 96.46%.


Hong Kong Exchanges and Clearing  (OTCPK:HKXCF) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Hong Kong Exchanges and Clearing EBITDA Margin % Related Terms


Hong Kong Exchanges and Clearing EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Hong Kong Exchanges and Clearing's EBITDA Margin % 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.

Hong Kong Exchanges and Clearing EBITDA Margin % Chart

Hong Kong Exchanges and Clearing Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.93 91.39 135.12 127.67 115.38

Hong Kong Exchanges and Clearing Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.74 140.66 92.83 170.20 96.46

HKXCF vs SPGI, CME, ICE: EBITDA Margin % Comparison

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's EBITDA Margin % falls into.


HKXCF
91GF Score
Hong Kong Exchanges and Clearing Ltd HKXCF
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Kong Exchanges and Clearing EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Hong Kong Exchanges and Clearing's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=3521.232/3051.743
=115.38 %

Hong Kong Exchanges and Clearing's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=843.384/874.304
=96.46 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 96.46% mean?
Hong Kong Exchanges and Clearing (HKXCF) has a EBITDA Margin % of 96.46% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Hong Kong Exchanges and Clearing and its competitors. This is near median its historical median of 90.55. Over the past decade, Hong Kong Exchanges and Clearing's EBITDA Margin % has ranged from 74.83 to 135.12. According to the industry distribution chart, Hong Kong Exchanges and Clearing ranks #49 out of 666 companies in the Capital Markets industry, placing it in the top 7.4%.
Is Hong Kong Exchanges and Clearing's EBITDA Margin % too high?
Hong Kong Exchanges and Clearing's current EBITDA Margin % of 96.46% is near median its 10-year median of 90.55. Over the past 10 years, this metric has ranged from a low of 74.83 to a high of 135.12. The Capital Markets industry median EBITDA Margin % is 20.73. Hong Kong Exchanges and Clearing's value of 96.46% is 365.3% above this industry median. Based on the distribution chart, Hong Kong Exchanges and Clearing ranks #49 out of 666 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Hong Kong Exchanges and Clearing has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Exchanges and Clearing's EBITDA Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Hong Kong Exchanges and Clearing ranks #49 out of 666 companies for EBITDA Margin %. This places Hong Kong Exchanges and Clearing in the top 7% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 20.73. Hong Kong Exchanges and Clearing's value of 96.46% is 365.3% above this benchmark. Historically, Hong Kong Exchanges and Clearing's own EBITDA Margin % has ranged from 74.83 to 135.12 over the past decade. While the company's 10-year median is 90.55 vs. the industry median of 20.73, Hong Kong Exchanges and Clearing has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Capital Markets company?
The median EBITDA Margin % among Capital Markets companies is 20.73, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hong Kong Exchanges and Clearing's current EBITDA Margin % of 96.46% is 365.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Hong Kong Exchanges and Clearing and its competitors. For the Capital Markets industry, the median EBITDA Margin % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Exchanges and Clearing's current EBITDA Margin % is 96.46%, which is near median its own 10-year median of 90.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Exchanges and Clearing stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing (HKXCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $64.28, compared to a current price of $47.67 — trading 25.8% below its estimated fair value. The current EBITDA Margin % is 96.46%, which is near median its 10-year median of 90.55 and 365.3% above the Capital Markets industry median of 20.73. Hong Kong Exchanges and Clearing's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Hong Kong Exchanges and Clearing (HKXCF), the current EBITDA Margin % is 96.46% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hong Kong Exchanges and Clearing (HKXCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing stock appears to be undervalued. The current stock price of $47.67 is trading 25.8% below its estimated GF Value™ of $64.28. GuruFocus considers Hong Kong Exchanges and Clearing to be Modestly Undervalued.

Key valuation signals for HKXCF:

  • EBITDA Margin %: 96.46% (near median its 10-year median of 90.55)
  • GF Value™: $64.28 vs. price of $47.67 (25.8% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 365.3% above the Capital Markets median (#49 of 666)

No single metric tells the full story. See the HKXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong Exchanges and Clearing Business Description

Address 8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG
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.
91GF Score

Get the complete analysis for HKXCF

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.67
Price
$64.28
GF Value