Main Board
Average price earnings ratios (times) by Hang Seng Industry Classification System
(Month-end figures)

Industry classification *	2015 Dec	2016 Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov
Energy	6.59	6.10	6.12	18.83	19.15	17.71	18.23	17.90	17.95	20.38	21.10	20.68
Materials	12.70	11.27	11.53	15.16	15.96	15.23	16.07	16.36	17.00	15.98	16.01	17.27
Industrials	16.58	14.21	14.18	15.27	16.34	13.32	13.18	13.24	14.04	13.89	13.82	14.25
Consumer Goods	15.99	13.94	13.34	14.97	15.31	15.16	16.26	16.64	17.15	17.69	18.19	18.69
Consumer Services	12.73	11.50	14.29	14.58	14.37	14.18	13.90	14.95	14.69	16.18	16.87	17.84
Telecommunications	13.54	13.18	12.90	14.55	14.75	14.53	14.45	15.51	15.53	15.35	14.62	14.04
Utilities	8.49	7.64	7.60	13.97	13.51	13.50	13.71	14.06	14.35	14.27	14.05	13.72
Financials	8.26	7.08	6.99	7.38	7.51	7.39	6.68	6.90	7.49	7.61	7.59	7.78
Properties & Construction	7.21	6.34	6.38	7.75	7.85	7.52	7.74	8.28	8.61	8.96	8.86	8.66
Information Technology	30.79	28.31	28.30	27.98	28.05	32.53	32.75	34.34	37.23	38.86	38.17	36.58
Conglomerates	6.61	5.70	5.57	4.70	4.50	4.44	4.32	4.54	4.78	4.54	4.49	4.54
All stocks	9.90	8.79	8.81	10.14	10.24	10.05	9.75	10.17	10.67	10.89	10.84	10.88

* Industry classification is provided by Hang Seng Indexes Company Limited.