HSBC Holdings plc Ratios | P/E, ROE & Valuation

On the Key Ratios page for HSBC Holdings plc (HSBC), the latest P/E of 14.8 frames valuation, while ROE 12.98% and ROIC 1.70% indicates profitability and capital efficiency. Together with the current ratio of 0.32 and debt-to-equity 0.68, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

HSBC Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$36.81$7.81$6.61$3.84$3.66$3.14$3.49$3.20$3.19$3.14
Net Income per Share$7.41$1.31$1.20$0.78$0.69$0.26$0.37$0.69$0.54$0.13
Operating Cash Flow per Share$0.00$3.56$2.00$1.33$5.16$9.03$1.48$0.33$-0.52$3.49
Free Cash Flow per Share$0.00$3.35$1.81$1.11$4.99$8.86$1.30$0.17$-0.65$3.39
Cash per Share$184.71$44.75$15.28$17.64$20.92$15.30$8.18$9.17$10.03$6.73
Book Value per Share$57.53$10.47$9.83$9.01$10.24$10.16$9.56$9.76$9.91$9.24
Tangible Book Value per Share$53.81$9.80$9.19$8.43$9.22$9.15$8.56$8.54$8.73$8.16
Interest Debt per Share$56.48$17.34$15.32$8.87$8.87$9.19$10.29$9.93$5.32$7.27
CAPEX per Share$0.00$0.21$0.19$0.22$0.18$0.17$0.18$0.15$0.12$0.10

HSBC Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)14.777.526.687.958.8119.9621.4111.9419.1164.54
Price to Book (P/B)1.810.980.850.70.620.530.860.881.080.91
Price to Sales (P/S)2.841.261.211.621.661.652.252.583.242.58
Enterprise Value to EBITDA7.323.82.75-3.48-5.6200000
EV to Sales2.090.960.72-0.95-1.76-0.522.52.521.562.55
EV to Operating Cash Flow02.122.38-2.75-1.25-0.185.9324.75-9.492.29
EV to Free Cash Flow02.252.62-3.3-1.29-0.196.7546.75-7.692.36
Enterprise Value$263.04B$138.19B$92.90B$-72.68B$-130.28B$-33.09B$176.27B$160.11B$99.42B$157.94B

HSBC Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)12.98%12.96%12.70%8.75%7.02%2.66%4.01%7.37%5.68%1.41%
Return on Invested Capital (ROIC)1.70%2.09%0.59%0.55%1.03%0.91%1.21%1.37%1.30%0.78%
Return on Tangible Assets0.74%0.80%0.78%0.53%0.47%0.18%0.27%0.54%0.43%0.11%
Earnings Yield7.12%13.30%14.96%12.58%11.35%5.01%4.67%8.37%5.23%1.55%
Free Cash Flow Yield0.00%34.05%22.51%17.80%82.16%171.27%16.52%2.09%-6.26%41.82%
Dividend Yield3.60%9.48%7.75%5.63%5.21%1.94%6.18%6.13%4.36%5.15%

HSBC Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.320.46029.1740.3630.6416.3617.772.1819.31
Interest Coverage0.530.430.470.761.951.340.941.091.571.55
Income Quality02.021.661.515.5220.762.230.33-0.619.7
Debt to Equity0.681.311.270.860.860.8710.960.490.75
Debt to Assets3.87%8.03%7.74%5.21%5.73%5.73%6.74%6.98%3.70%5.51%
Net Debt to EBITDA-2.64-1.16-1.9-9.39-10.900000

HSBC Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover105.1700006.166.96.616.537.23
Payables Turnover0000000000
Inventory Turnover0000000000
Days Sales Outstanding3.47000059.2852.8755.255.8950.5
Days Payables Outstanding0000000000
Days of Inventory on Hand0000000000

HSBC Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA7.323.82.75-3.48-5.6200000
Market Cap$357.94B$180.36B$157.31B$123.71B$122.62B$104.35B$158.10B$163.96B$206.40B$159.99B
Enterprise Value$263.04B$138.19B$92.90B$-72.68B$-130.28B$-33.09B$176.27B$160.11B$99.42B$157.94B
Dividend Yield3.60%9.48%7.75%5.63%5.21%1.94%6.18%6.13%4.36%5.15%
Payout Ratio0.00%71.31%51.83%44.80%45.86%38.69%132.37%73.23%83.40%332.31%

Frequently Asked Questions

How does HSBC Holdings plc’s P/E ratio compare with its history?

On this page, HSBC's current P/E is 14.8, compared with a multi-year average around 18.3. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is HSBC Holdings plc market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $357.94B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does HSBC Holdings plc’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with HSBC Holdings plc's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does HSBC Holdings plc compare to its competitors in key financial ratios?

The fastest way to compare HSBC Holdings plc with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see HSBC Holdings plc outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do HSBC Holdings plc's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that HSBC Holdings plc is financially strong. Current ratio is about 0.32, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 0.53, implying less buffer for servicing interest costs. Debt-to-equity is about 0.68, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do HSBC Holdings plc's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If HSBC Holdings plc is sustaining strong returns (for example ROE at 12.98% and ROIC at 1.70%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.