Gap between forward and trailing P/E

Is the market already relying on a future earnings recovery to support the share price?

Valuation VAL-003 Bar Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

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0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Trailing EPS
24.1 x
Lowest item: Forward P/E
14.8 x
Average
18.9 x
Number of items
4 items

Two types of P/E

Trailing and forward P/E (x) (Bar)

Estimate period and source

Implied earnings growth (%) (Line)

Implied earnings change

Trailing and forward P/E (x) and Implied earnings growth (%) (Table)

Sample data rows

Valuation basisTrailing and forward P/E (x)Implied earnings growth (%)Data date (sample)
Trailing P/E 18.3 33.57 2026-10-16
Forward P/E 14.8 -12.34 2026-10-16
Trailing EPS 24.1 21.8 2026-10-16
Estimated EPS 18.5 15.28 2026-10-16