GAC stock stood at HKD 2.16 with a negative 4.71 P/ E on October 16, 2026
Published on 10/17/2026 at 18:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSValuation and operating scale
- GAC's P/E stood at minus 4.71 on October 16, 2026.
- MarkLines reported 128,634 September 2026 vehicle sales, including 64,231 new energy vehicles.
- GAC stock stood at HKD 2.16 on October 16, 2026 at 4:08 p.m. HKT, up 0.93 percent on the Hong Kong Stock Exchange.
- GAC's market capitalization was HKD 51.6 billion on October 16, 2026.
GAC stock (ISIN CNE100000Q35) had a negative P/E of 4.71 on October 16, 2026, while its HKD 2.16 price stood 6.93 percent above the 52-week low of HKD 2.02. ExtraETF identifies the Class H shares as listed on the Hong Kong Stock Exchange through ticker 2238.HK, and GAC stood at HKD 2.16 on October 16, 2026 at 4:08 p.m. HKT, up 0.93 percent from HKD 2.14.
September sales add operating context
GAC's operating picture adds a useful counterpoint to the valuation figures. On October 9, 2026, the automaker reported September sales of 128,634 vehicles, down 25.70 percent from the same month a year earlier, while new energy vehicle sales reached 64,231 units, up 50.90 percent year over year, according to MarkLines.
The mix matters for investors because the new energy division grew even as total deliveries declined. The September figures also place the October 16 price move in a business context without turning the daily change into a forecast.
Stock stays near its yearly low
GAC traded 6.93 percent above its HKD 2.02 52-week low and 50.68 percent below its HKD 4.38 high on the same market data date. Volume was 7,119,616 shares against an average of 15,619,983, so turnover was 54.54 percent of the average.
For comparison, BYD gained 1.10 percent to HKD 73.75 on October 16, 2026, while Geely Automobile fell 0.13 percent to HKD 15.01. GAC's negative P/E contrasts with BYD's 25.61 and Geely's 8.51, although the three companies have different earnings profiles.
Valuation and market scale
GAC's market capitalization was HKD 51.6 billion on October 16, 2026. BYD was valued at HKD 672.4 billion and Geely at HKD 161.9 billion on the same date, highlighting the difference in market scale across the selected Hong Kong-listed automakers.
The latest interim reporting period ended June 30, 2026. GAC's standardized financial statement for that quarter showed revenue of CNY 45.86 billion and a net loss of CNY 4.41 billion. The figures are historical reporting data rather than a new daily market signal.
Comparison with peers
GAC (Hong Kong Stock Exchange, HKD): plus 0.93 percent, P/E minus 4.71, market capitalization HKD 51.6 billion.
BYD (Hong Kong Stock Exchange, HKD): plus 1.10 percent, P/E 25.61, market capitalization HKD 672.4 billion.
Geely Automobile (Hong Kong Stock Exchange, HKD): minus 0.13 percent, P/E 8.51, market capitalization HKD 161.9 billion.
Price and valuation in view
GAC's HKD 2.16 price on October 16, 2026 left the stock materially closer to its 52-week low than its high. The negative P/E reflects the company's reported loss for the latest standardized quarterly period, while the September sales mix points to stronger new energy vehicle demand within a weaker total delivery figure.
GAC stock facts
- Company: Guangzhou Automobile Group Co., Ltd.
- ISIN: CNE100000Q35
- Ticker: 2238.HK
- Primary exchange: Hong Kong Stock Exchange
- Price Hong Kong Stock Exchange (as of October 16, 2026, 4:08 p.m. HKT): HKD 2.16
- Change on the day: plus 0.93 percent
- Previous close: HKD 2.14
- Market capitalization: HKD 51.6 billion (as of October 16, 2026)
- 52-week range: HKD 2.02-4.38 (as of October 16, 2026)
- Sector / Industry: Automobiles and auto parts
- P/E: minus 4.71 (as of October 16, 2026)
Market context: Current market reports.
