P/E ratio for HSBC (HSBC)

P/E ratio history for HSBC from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Barclays BCS	7.70	15.82%	🇬🇧 UK
Bank of America BAC	12.8	92.88%	🇺🇸 USA
Toronto Dominion Bank TD	9.77	46.86%	🇨🇦 Canada
Deutsche Bank DB	6.40	-3.74%	🇩🇪 Germany
Citigroup C	9.93	49.30%	🇺🇸 USA
Santander SAN	7.25	9.04%	🇪🇸 Spain
JPMorgan Chase JPM	14.3	115.72%	🇺🇸 USA
Itaú Unibanco ITUB	9.52	43.11%	🇧🇷 Brazil
Banco Santander México BSMX	4.96	-25.39%	🇲🇽 Mexico

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.