Stocktoria
Hong Kong Exchanges and Clearing Limited 0388.HK
HK · Hong Kong Stock Exchange · XHKG · stock · Financial Services · website
Hong Kong Exchanges and Clearing Limited statistics & valuation
Market cap$458.8B
P / E25.8×
P / S19.3×
P / B7.9×
P / FCF19.2×
Dividend yield2.99%
Net margin74.8%
Return on equity30.5%
FCF margin100.6%
Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
Hong Kong Exchanges and Clearing Limited trades at about 25.9× earnings — below its 10-year norm (10-year range 25.3×–44.3×, median 30.8×).
25.3×
44.3×
Shaded band = 10-year range (25.3×–44.3×); dot = today's 25.9×.
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)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 80.8% | 74.6% | 74.2% | 78.5% |
| Operating margin | 67.9% | 57.8% | 54.9% | 61.5% |
| Net margin | 74.8% | 75.2% | 76.8% | 59.5% |
| FCF margin | 100.6% | 64.4% | 65.5% | 80.7% |
| Return on assets | 3.1% | 3.4% | 3.5% | 2.5% |
| Return on equity | 30.5% | 24.2% | 23.1% | 20.3% |
| Debt / equity | — | — | — | 0.00× |
| Current ratio | 1.05 | 1.09 | 1.10 | 1.08 |
Source: company filings via Yahoo Finance · HK · as of 2025-12-31. Figures in HKD; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.