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Friday 6 November 2026 Export HSBC’s income statement to Excel — free account

HSBC Holdings plc

HSBC Financial Banks Diversified

HSBC Holdings plc’s revenue for fiscal 2025 (year ended December 2025) was $134.3 billion, down 7.19% from fiscal 2024.

Revenue
+0.11%
EPS
+29.9%
Free cash flow
+75.4%
Total debt
+5.79%

Quarter to September 2026, against a year earlier

87.08 0.48 −0.55%
Market cap
$301.8B
P/E
11.6×
Fwd P/E
—
Dividend yield
4.82%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

HSBC Holdings plc (HSBC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, HSBC Holdings plc (HSBC) trades at a P/B ratio of 1.5×. Over the past ten years it has ranged from 0.4× (October 2020) to 1.9× (August 2026); the current reading is higher than 95% of that period. That is in line with the Banks Diversified industry median of 1.5× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.4× 44.41%
FY2024 0.9× 10.72%
FY2023 0.9× 10.17%
FY2022 0.8× 10.74%
FY2021 0.7× 16.80%
FY2020 0.6× (37.27%)
FY2019 1.0× 3.08%
FY2018 0.9× (18.37%)
FY2017 1.1× 27.95%
FY2016 0.9× 16.96%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.7× 22.21%
Mar 2026 1.4× 15.09%
Sep 2025 1.2× 14.62%
Mar 2025 1.1× 24.41%
32 more quarters

Against its own ten years

Low 0.4× High 1.9×
Ten-year median 0.9×
Current reading's percentile 95

P/B ratio against peers

Company P/B ratio
C Citigroup Inc. compare 1.1×
BAC Bank of America Corporation compare 1.3×
SAN Banco Santander, S.A. compare 1.3×
SMFG Sumitomo Mitsui Financial Group Inc compare 1.5×
HSBC HSBC Holdings plc 1.5×
MUFG Mitsubishi UFJ Financial Group, Inc. compare 1.6×
WFC Wells Fargo & Company compare 1.6×
UBS UBS Group AG compare 1.7×
BBVA Banco Bilbao Viscaya Argentaria S.A. compare 2.1×
Banks Diversified industry median 1.5×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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