P/E ratio for HSBC (HSBC)
P/E ratio as of April 2024 (TTM): 6.03
According to HSBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.02734. At the end of 2022 the company had a P/E ratio of 8.42.
P/E ratio history for HSBC from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.42 | -13.41% |
| 2021 | 9.73 | -62.92% |
| 2020 | 26.2 | 1.67% |
| 2019 | 25.8 | 96.63% |
| 2018 | 13.1 | -38.2% |
| 2017 | 21.2 | -81.51% |
| 2016 | 115 | 859.82% |
| 2015 | 12.0 | -12.63% |
| 2014 | 13.7 | 4.29% |
| 2013 | 13.1 | -8.49% |
| 2012 | 14.3 | 73.17% |
| 2011 | 8.28 | |
| 2008 | 29.8 | 167.64% |
| 2007 | 11.1 | -20.65% |
| 2006 | 14.0 | 7.31% |
| 2005 | 13.1 | 4227.5% |
| 2004 | 0.3025 | -98.6% |
| 2003 | 21.6 | -44.5% |
| 2002 | 39.0 | 74.6% |
| 2001 | 22.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.7 | 77.33% | 🇺🇸 USA |
 JPMorgan Chase JPM | 11.5 | 89.98% | 🇺🇸 USA |
 Citigroup C | 9.12 | 51.23% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.3 | 70.71% | 🇨🇦 Canada |
 Deutsche Bank DB | 6.30 | 4.53% | 🇩🇪 Germany |
 Banco Santander México BSMX | 4.96 | -17.65% | 🇲🇽 Mexico |
 Santander SAN | 7.60 | 26.15% | 🇪🇸 Spain |
 Itaú Unibanco
ITUB | 9.98 | 65.62% | 🇧🇷 Brazil |
 Barclays BCS | 5.64 | -6.36% | 🇬🇧 UK |
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.