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Hong Kong Exchanges and Clearing (STU:HK2C) Shiller PE Ratio : 35.29 (As of May. 25, 2024)


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What is Hong Kong Exchanges and Clearing Shiller PE Ratio?

As of today (2024-05-25), Hong Kong Exchanges and Clearing's current share price is €32.11. Hong Kong Exchanges and Clearing's E10 for the quarter that ended in Dec. 2023 was €0.91. Hong Kong Exchanges and Clearing's Shiller PE Ratio for today is 35.29.

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

STU:HK2C' s Shiller PE Ratio Range Over the Past 10 Years
Min: 27.03   Med: 40.72   Max: 89.57
Current: 34.51

During the past years, Hong Kong Exchanges and Clearing's highest Shiller PE Ratio was 89.57. The lowest was 27.03. And the median was 40.72.

STU:HK2C's Shiller PE Ratio is ranked worse than
70.5% of 478 companies
in the Capital Markets industry
Industry Median: 19.385 vs STU:HK2C: 34.51

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 €0.241. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.91 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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 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
=32.11/0.91
=35.29

* 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'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)
=0.241/117.2957*117.2957
=0.241

Current CPI (Dec. 2023) = 117.2957.

Hong Kong Exchanges and Clearing Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.094 95.749 0.115
201406 0.097 96.409 0.118
201409 0.110 97.948 0.132
201412 0.135 99.707 0.159
201503 0.160 99.927 0.188
201506 0.245 99.267 0.289
201509 0.223 99.927 0.262
201512 0.149 102.015 0.171
201603 0.137 102.785 0.156
201606 0.147 101.686 0.170
201609 0.146 102.565 0.167
201612 0.125 103.225 0.142
201703 0.169 103.335 0.192
201706 0.165 103.664 0.187
201709 0.177 103.994 0.200
201712 0.164 104.984 0.183
201803 0.214 105.973 0.237
201806 0.217 106.193 0.240
201809 0.214 106.852 0.235
201812 0.164 107.622 0.179
201903 0.236 108.172 0.256
201906 0.233 109.601 0.249
201909 0.203 110.260 0.216
201912 0.180 110.700 0.191
202003 0.209 110.920 0.221
202006 0.269 110.590 0.285
202009 0.289 107.512 0.315
202012 0.245 109.711 0.262
202103 0.328 111.579 0.345
202106 0.233 111.360 0.245
202109 0.280 109.051 0.301
202112 0.239 112.349 0.250
202203 0.245 113.558 0.253
202206 0.206 113.448 0.213
202209 0.230 113.778 0.237
202212 0.285 114.548 0.292
202303 0.320 115.427 0.325
202306 0.270 115.647 0.274
202309 0.279 116.087 0.282
202312 0.241 117.296 0.241

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  (STU:HK2C) 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

Thank you for viewing the detailed overview of Hong Kong Exchanges and Clearing's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Hong Kong Exchanges and Clearing (STU:HK2C) Business Description

Traded in Other Exchanges
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.

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