In the current session, the stock is trading at $39.38, after a 0.15% increase. Over the past month, HSBC Holdings Inc. (NYSE:HSBC) stock increased by 6.30%, and in the past year, by 48.96%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Comparing HSBC Holdings P/E Against Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, ...