Attribution of valuation contraction and market capitalization decline
Is the market capitalization decline driven mainly by lower earnings or by a lower multiple the market is willing to pay?
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Sample JSON
Specification JSON
Sample as of
0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD
- Highest item: Starting market capitalization
- 100 %
- Lowest item: Interaction term
- -10.74 %
- Average
- 25.77 %
- Number of items
- 4 items
Earnings and multiple contributions
Contribution to market capitalization change (%) (Waterfall)
Market capitalization start and end points
Earnings change / multiple change (%) (Bar)
Interaction term and share count
Contribution to market capitalization change (%) and Earnings change / multiple change (%) (Table)
Sample data rows
| Sources of market capitalization change | Contribution to market capitalization change (%) | Earnings change / multiple change (%) | Data date (sample) |
|---|---|---|---|
| Starting market capitalization | 100 | 7 | 2026-10-16 |
| Earnings change | 8.03 | 11.85 | 2026-10-16 |
| Multiple change | 5.79 | 5.85 | 2026-10-16 |
| Interaction term | -10.74 | 4.86 | 2026-10-16 |
| Ending market capitalization | 103.08 | 29.56 | 2026-10-16 |