HSBC P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
HSBC's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
HSBC P/E ratio by year
Yearly range of HSBC’s p/e ratio from 2016 to 2026. Over the full period it ranged from -8,546.7 to 310.2, averaging -164.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 12.8 | 14.6 | 16.0 | 15.2 |
| 2025 | 7.9 | 12.0 | 17.0 | 13.1 |
| 2024 | 6.5 | 7.3 | 8.2 | 8.0 |
| 2023 | 5.2 | 7.1 | 10.4 | 5.8 |
| 2022 | 7.7 | 10.0 | 12.0 | 10.2 |
| 2021 | 9.0 | 16.6 | 28.9 | 9.4 |
| 2020 | -8,546.7 | -1,857.4 | 26.7 | 23.8 |
| 2019 | 9.9 | 11.8 | 23.7 | 23.7 |
| 2018 | 12.9 | 17.9 | 21.3 | 12.9 |
| 2017 | 32.0 | 122.6 | 310.2 | 34.4 |
| 2016 | 14.2 | 29.4 | 35.8 | 33.5 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is HSBC P/E ratio High or Low Right Now?
HSBC Holdings plc's P/E ratio is currently 15.2, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for HSBC is approximately 12.1. See all HSBC valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.