iShares MSCI Hong Kong ETF PE Ratio

The iShares MSCI Hong Kong ETF currently trades at a current P/E ratio of 17.65 as of October 24, 2025.

Over the past five years, the median P/E has been 15.08, putting today's valuation in the 95th percentile of that range. Looking at the longer 10-year period, where the median sits at 15.11, the current reading ranks in the 97.5th percentile - a level historically associated with Expensive pricing. The 20-year median of 14.93 provides additional context, with the current ratio in the 95.4th percentile of that extended timeframe.

Since April 1996, the iShares MSCI Hong Kong ETF has recorded a median P/E ratio of 14.9 over 30 years. Against this full historical backdrop, the current valuation sits in the 93th percentile of all recorded readings, indicating that the market is trading well above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (17.65) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	15.23	91.7	Expensive
5 Year	15.08	95	Expensive
10 Year	15.11	97.5	Expensive
20 Year	14.93	95.4	Expensive
Since Apr 1996	14.9	93	Expensive

Returns vs P/E Ratio

Over the past decade, the PE rose from 13.5 (23.8th percentile) to 17.65 (97.5th percentile). Annualized total return over this period was 0.3%. Percentile rank indicates position within the historical distribution. Elevated valuations do not necessarily imply immediate low returns; markets can remain richly valued for extended periods, but this warrants caution for longer-horizon return assumptions.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	15.29	58.3	+19.7%	+19.7%
3 Year	10.85	4.7	+30.5%	+9.3%
5 Year	15.82	72.9	-3.4%	-0.7%
10 Year	13.54	23.8	+2.6%	+0.3%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	17.65
Sep 2025	19.60
Aug 2025	16.47
Jul 2025	15.57
Jun 2025	14.94
May 2025	14.24
Apr 2025	16.19
Mar 2025	14.52
Feb 2025	15.53
Jan 2025	14.93
Dec 2024	14.09
Nov 2024	14.64
Oct 2024	15.29
Sep 2024	16.18
Aug 2024	14.30
Jul 2024	14.72
Jun 2024	13.66
May 2024	14.32
Apr 2024	15.41
Mar 2024	14.76
Feb 2024	14.84
Jan 2024	14.12
Dec 2023	16
Nov 2023	13.84
Oct 2023	15.22
Sep 2023	15.47
Aug 2023	15.52
Jul 2023	17.30
Jun 2023	15.93
May 2023	15.65
Apr 2023	17
Mar 2023	14.24
Feb 2023	13.77
Jan 2023	14.38
Dec 2022	13.61
Nov 2022	12.29
Oct 2022	10.85
Sep 2022	13.15
Aug 2022	13.43
Jul 2022	13.65
Jun 2022	14.27
May 2022	13.45
Apr 2022	13.21
Mar 2022	13.21
Feb 2022	14.83
Jan 2022	14.63
Dec 2021	14.63
Nov 2021	15.45
Oct 2021	15.55
Sep 2021	16.44
Aug 2021	16.50
Jul 2021	17.06
Jun 2021	17.23
May 2021	17.48
Apr 2021	17.24
Mar 2021	18.21
Feb 2021	18.21
Jan 2021	16.48
Dec 2020	16.35
Nov 2020	17.20
Oct 2020	15.82
Sep 2020	16.46
Aug 2020	15.18
Jul 2020	15.08
Jun 2020	15.31
May 2020	14.09
Apr 2020	12.54
Mar 2020	12.54
Feb 2020	15.22
Jan 2020	15.22
Dec 2019	14.07
Nov 2019	14.32
Oct 2019	13.42
Sep 2019	13.44
Aug 2019	13.62
Jul 2019	14.57
Jun 2019	14.29
May 2019	14.58
Apr 2019	15.47
Mar 2019	15.38
Feb 2019	15.13
Jan 2019	13.86
Dec 2018	13.56
Nov 2018	13.37
Oct 2018	12.51
Sep 2018	13.34
Aug 2018	14.25
Jul 2018	14.33
Jun 2018	15.31
May 2018	15.34
Apr 2018	15.58
Mar 2018	15.28
Feb 2018	15.88
Jan 2018	16.76
Dec 2017	15.67
Nov 2017	15.67
Oct 2017	15.74
Sep 2017	16.08
Aug 2017	16.08
Jul 2017	15.59
Jun 2017	16.05
May 2017	15.58
Apr 2017	15.58
Mar 2017	15.24
Feb 2017	15.24
Jan 2017	14.32
Dec 2016	14.32
Nov 2016	15.17
Oct 2016	16.01
Sep 2016	16.01
Aug 2016	15.69
Jul 2016	14.04
Jun 2016	14.30
May 2016	13.83
Apr 2016	14.71
Mar 2016	12.97
Feb 2016	12.59
Jan 2016	12.37
Dec 2015	13.73
Nov 2015	14.37
Oct 2015	13.54
Sep 2015	12.90
Aug 2015	14.55
Jul 2015	15.47
Jun 2015	15.71
May 2015	16.65
Apr 2015	15.69
Mar 2015	14.67
Feb 2015	14.62
Jan 2015	13.97
Dec 2014	13.97
Nov 2014	14.70
Oct 2014	13.81
Sep 2014	13.95
Aug 2014	15.23
Jul 2014	14.33
Jun 2014	14.33
May 2014	14.14
Apr 2014	13.83
Mar 2014	13.62
Feb 2014	13.62
Jan 2014	14.46
Dec 2013	14.62
Nov 2013	14.90
Oct 2013	14.70
Sep 2013	14.02
Aug 2013	14.50
Jul 2013	13.29
Jun 2013	13.29
May 2013	15.35
Apr 2013	14.46
Mar 2013	14.87
Feb 2013	15.68
Jan 2013	15.68
Dec 2012	14.53
Nov 2012	14.78
Oct 2012	14.52
Sep 2012	14.27
Aug 2012	13.69
Jul 2012	12.45
Jun 2012	12.45
May 2012	13.46
Apr 2012	14.82
Mar 2012	14.86
Feb 2012	15.19
Jan 2012	13.86
Dec 2011	12.83
Nov 2011	12.81
Oct 2011	12.70
Sep 2011	12.16
Aug 2011	13.44
Jul 2011	13.45
Jun 2011	14.98
May 2011	14.87
Apr 2011	15.06
Mar 2011	15.42
Feb 2011	16.26
Jan 2011	17.06
Dec 2010	16.55
Nov 2010	17.33
Oct 2010	17.14
Sep 2010	15.27
Aug 2010	15.27
Jul 2010	14.71
Jun 2010	14.44
May 2010	13.76
Apr 2010	15.31
Mar 2010	14.96
Feb 2010	14.96
Jan 2010	17.04
Dec 2009	16.99
Nov 2009	17.24
Oct 2009	17.80
Sep 2009	16.57
Aug 2009	16.97
Jul 2009	16.98
Jun 2009	16.98
May 2009	16.28
Apr 2009	16.04
Mar 2009	14.29
Feb 2009	11.77
Jan 2009	12.24
Dec 2008	10.31
Nov 2008	9.47
Oct 2008	8.91
Sep 2008	11.77
Aug 2008	14.32
Jul 2008	14.42
Jun 2008	14.99
May 2008	17.86
Apr 2008	15.52
Mar 2008	15.52
Feb 2008	16.92
Jan 2008	19.70
Dec 2007	21
Nov 2007	20.25
Oct 2007	19.49
Sep 2007	18.37
Aug 2007	16.02
Jul 2007	16.66
Jun 2007	15.77
May 2007	13.89
Apr 2007	14.68
Mar 2007	15.51
Feb 2007	17.12
Jan 2007	18.70
Dec 2006	16.37
Nov 2006	16.94
Oct 2006	16.18
Sep 2006	15.89
Aug 2006	15.60
Jul 2006	14.94
Jun 2006	14.51
May 2006	15.71
Apr 2006	16.65
Mar 2006	15.75
Feb 2006	15.75
Jan 2006	14.89
Dec 2005	14.89
Nov 2005	14.79
Oct 2005	14.79
Sep 2005	15.66
Aug 2005	14.91
Jul 2005	14.90
Jun 2005	14.90
May 2005	15.10
Apr 2005	15.35
Mar 2005	15.88
Feb 2005	16.18
Jan 2005	16.47
Dec 2004	15.69
Nov 2004	15.69
Oct 2004	15.70
Sep 2004	14.69
Aug 2004	14.58
Jul 2004	13.76
Jun 2004	13.76
May 2004	14.75
Apr 2004	17.33
Mar 2004	18.14
Feb 2004	18.69
Jan 2004	18.01
Dec 2003	17.22
Nov 2003	17.49
Oct 2003	17.05
Sep 2003	16.41
Aug 2003	14.86
Jul 2003	14.41
Jun 2003	14.16
May 2003	12.95
Apr 2003	11.93
Mar 2003	12.71
Feb 2003	12.96
Jan 2003	13.14
Dec 2002	13.14
Nov 2002	12.76
Oct 2002	13
Sep 2002	13.27
Aug 2002	13.95
Jul 2002	15.07
Jun 2002	15.80
May 2002	17.75
Apr 2002	17.40
Mar 2002	17.40
Feb 2002	17.37
Jan 2002	17.10
Dec 2001	17.10
Nov 2001	15.24
Oct 2001	12.47
Sep 2001	13.99
Aug 2001	14.90
Jul 2001	15.31
Jun 2001	15.77
May 2001	15.47
Apr 2001	15.47
Mar 2001	16.15
Feb 2001	17.15
Jan 2001	16.91
Dec 2000	16.52
Nov 2000	16.52
Oct 2000	17.10
Sep 2000	20.87
Aug 2000	21.44
Jul 2000	20.64
Jun 2000	17.70
May 2000	17.11
Apr 2000	18.24
Mar 2000	19.65
Feb 2000	19.39
Jan 2000	20.60
Dec 1999	19.63
Nov 1999	17.46
Oct 1999	17.40
Sep 1999	16.62
Aug 1999	17.38
Jul 1999	17.68
Jun 1999	17.37
May 1999	17.06
Apr 1999	15.77
Mar 1999	14.68
Feb 1999	13.12
Jan 1999	13.79
Dec 1998	13.79
Nov 1998	13.62
Oct 1998	11.90
Sep 1998	8.02
Aug 1998	7.47
Jul 1998	7.47
Jun 1998	8.43
May 1998	9.54
Apr 1998	10.43
Mar 1998	9
Feb 1998	9.54
Jan 1998	9.09
Dec 1997	9.09
Nov 1997	9.58
Oct 1997	12.47
Sep 1997	13.88
Aug 1997	14.41
Jul 1997	13.54
Jun 1997	12.93
May 1997	12.08
Apr 1997	12.81
Mar 1997	13.02
Feb 1997	13.47
Jan 1997	13.90
Dec 1996	13.90
Nov 1996	13.68
Oct 1996	13.36
Sep 1996	12.69
Aug 1996	12.32
Jul 1996	12.69
Jun 1996	12.96
May 1996	13.25
Apr 1996	13.16

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (17.65) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
China	14.52	92.50	Expensive
Japan	17.23	94.20	Expensive
India	22.67	39.20	Undervalued
South Korea	12.89	95	Expensive
Indonesia	13.04	28.30	Undervalued

Definition: Trailing P/E Ratio

The trailing P/E ratio for iShares MSCI Hong Kong ETF shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.