China — Hang Seng
Reality Gap values for 31 major HK-listed Chinese companies spanning technology, finance, energy, telecom, and consumer sectors. Data via yfinance / Yahoo Finance. All values in HKD billions.
Source: yfinance / Yahoo Finance. Annual balance sheet and income statement data.
Market cap: Current market cap (latest period) or shares outstanding × year-end closing price (historical periods). H-share basis for all companies.
RG formula: RG10 = Market Cap / (Tangible Equity + 10 × Smoothed Earnings). Smoothed earnings = average of available annual net income values (4 years).
Currency: HKD billions throughout. Not adjusted for CNY/HKD FX movements.
Limitations: 4-year window only. No CPI adjustment. Dual-listed companies (where A-share market cap significantly exceeds H-share market cap) are excluded from this pilot. All data is illustrative and for research purposes only. Not investment advice.