Stocktoria

HSBC Holdings plc 0005.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Financial Services · website

HSBC Holdings plc statistics & valuation

P / E123.7×
P / S38.8×
P / B13.9×
P / FCF109.8×
Net margin31.4%
FCF margin35.3%
Net cash$51.6B
Enterprise value$299.6B
Graham number -89%$17.67

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
29.00% 36.50% 35.60% 31.40% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
8.70% 12.70% 13.00% 11.20% 2022202320242025
Shares outstanding
17.14B 17.14B 17.14B 17.14B 2022202320242025
Net debt ($)
-$165.38B -$103.61B -$61.22B -$51.60B 2022202320242025
Share buybacks ($)
$4.64B $10.43B $15.32B $12.66B 2022202320242025
Return on assets (%)
0.50% 0.80% 0.80% 0.70% 2022202320242025
Free cash flow margin (%)
27.80% 54.90% 91.10% 35.30% 2022202320242025
Debt / equity (×)
1.15× 1.27× 1.31× 1.29× 2022202320242025
EPS ($)
$0.74 $1.14 $1.24 $1.20 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HSBC Holdings plc trades at about 134× earnings — above its 10-year norm (10-year range 53.7×–113.8×, median 78.3×).

53.7× 134×

Shaded band = 10-year range (53.7×–113.8×); dot = today's 134×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin31.4%35.6%36.5%29.0%
FCF margin35.3%91.1%54.9%27.8%
Return on assets0.7%0.8%0.8%0.5%
Return on equity11.2%13.0%12.7%8.7%

Computed from company filings · HK · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.