HKEX Valuation Multiples

HKEX Overview

About HKEX

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Founded

1999

HQ

Employees

2.6K

Website

hkexgroup.com

Sectors

Stock ExchangesFinTech

Financials (LTM)

Revenue: $4B

EBITDA: $3B

EV

$25B

Valuation Multiples

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HKEX Financials

HKEX reported last 12-month revenue of $4B and EBITDA of $3B.

In the same LTM period, HKEX generated $4B in gross profit, $3B in EBITDA, and $2B in net income.

HKEX P&L

In the most recent fiscal year, HKEX reported revenue of $4B and EBITDA of $3B.

HKEX expects next 12-month revenue of XXX and NTM EBITDA of XXX

HKEX Stock Performance

HKEX has current market cap of $66B, and enterprise value of $25B.

HKEX's stock price is $52.23.

HKEX Valuation Multiples

HKEX trades at 6.7x EV/Revenue multiple, and 8.6x EV/EBITDA.

HKEX Financial Valuation Multiples

As of April 20, 2026, HKEX has market cap of $66B and EV of $25B.

Equity research analysts estimate HKEX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

HKEX has a P/E ratio of 28.7x.

HKEX Margins & Growth Rates

HKEX's revenue in the last 12 month grew by 5%.

HKEX's revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.2M for the same period.

HKEX's rule of 40 is 108% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

HKEX's rule of X is 152% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

HKEX Public Comps

See public comps and valuation multiples for other Stock Exchanges comps.

HKEX M&A Activity

HKEX acquired XXX companies to date.

Last acquisition by HKEX was on XXXXXXXX, XXXXX. HKEX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

HKEX Investment Activity

HKEX invested in XXX companies to date.

HKEX made its latest investment on XXXXXXXX, XXXXX. HKEX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).