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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedMar 25, 2026
DataAggregated Company Financials
Companies699
- 7D-5.4%
- 3M-8.6%
- 1Y19.1%
- YTD-9.2%
Over the last 7 days, the market has dropped 5.4%, driven by losses in every sector, especially the Real Estate sector. In contrast to the last week, the market is actually up 19% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | ₫7973.7t | ₫4424.3t | ₫593.1t | 11.7x | 13.4x | 1.8x |
| Sat, 21 Feb 2026 | ₫8976.5t | ₫4428.0t | ₫593.0t | 12.1x | 15.1x | 2x |
| Mon, 19 Jan 2026 | ₫9120.4t | ₫4077.5t | ₫520.8t | 12.5x | 17.5x | 2.2x |
| Wed, 17 Dec 2025 | ₫7931.1t | ₫4021.5t | ₫510.8t | 12.4x | 15.5x | 2x |
| Fri, 14 Nov 2025 | ₫7583.2t | ₫4019.4t | ₫508.8t | 12.7x | 14.9x | 1.9x |
| Sun, 12 Oct 2025 | ₫7789.4t | ₫3818.1t | ₫474.7t | 14.7x | 16.4x | 2x |
| Tue, 09 Sep 2025 | ₫7256.9t | ₫3812.6t | ₫469.4t | 14.5x | 15.5x | 1.9x |
| Thu, 07 Aug 2025 | ₫7014.4t | ₫3797.6t | ₫467.1t | 14.6x | 15x | 1.8x |
| Sat, 05 Jul 2025 | ₫5996.8t | ₫3721.5t | ₫433.8t | 14.1x | 13.8x | 1.6x |
| Mon, 02 Jun 2025 | ₫5776.3t | ₫3690.9t | ₫432.9t | 13.9x | 13.3x | 1.6x |
| Wed, 30 Apr 2025 | ₫5347.3t | ₫3588.8t | ₫429.7t | 13.6x | 12.4x | 1.5x |
| Fri, 28 Mar 2025 | ₫5779.5t | ₫3511.1t | ₫422.6t | 14.3x | 13.7x | 1.6x |
| Sun, 23 Feb 2025 | ₫5661.2t | ₫3441.3t | ₫421.9t | 14.3x | 13.4x | 1.6x |
| Tue, 21 Jan 2025 | ₫5440.7t | ₫3146.1t | ₫375.8t | 14.3x | 14.5x | 1.7x |
| Thu, 19 Dec 2024 | ₫5419.1t | ₫3010.1t | ₫374.2t | 14.3x | 14.5x | 1.8x |
| Sat, 16 Nov 2024 | ₫5214.9t | ₫3011.4t | ₫374.1t | 13.8x | 13.9x | 1.7x |
| Mon, 14 Oct 2024 | ₫5511.6t | ₫2940.5t | ₫354.6t | 14.3x | 15.5x | 1.9x |
| Wed, 11 Sep 2024 | ₫5371.2t | ₫2928.5t | ₫361.5t | 14.3x | 14.9x | 1.8x |
| Fri, 09 Aug 2024 | ₫5172.4t | ₫2927.5t | ₫361.3t | 14.1x | 14.3x | 1.8x |
| Sun, 07 Jul 2024 | ₫5446.4t | ₫2919.2t | ₫320.2t | 16.2x | 17x | 1.9x |
| Tue, 04 Jun 2024 | ₫5424.9t | ₫2814.1t | ₫346.6t | 15.3x | 15.7x | 1.9x |
| Thu, 02 May 2024 | ₫5145.3t | ₫2773.9t | ₫338.8t | 14.5x | 15.2x | 1.9x |
| Sat, 30 Mar 2024 | ₫5454.3t | ₫2814.2t | ₫346.9t | 15.1x | 15.7x | 1.9x |
| Mon, 26 Feb 2024 | ₫5124.4t | ₫2798.8t | ₫340.9t | 14.4x | 15x | 1.8x |
| Wed, 24 Jan 2024 | ₫5006.7t | ₫2818.1t | ₫322.2t | 13.2x | 15.5x | 1.8x |
| Fri, 22 Dec 2023 | ₫4701.0t | ₫2829.2t | ₫323.9t | 13.1x | 14.5x | 1.7x |
| Sun, 19 Nov 2023 | ₫4692.5t | ₫2819.9t | ₫320.0t | 12.8x | 14.7x | 1.7x |
| Tue, 17 Oct 2023 | ₫4893.8t | ₫2739.9t | ₫320.2t | 13.8x | 15.3x | 1.8x |
| Thu, 14 Sep 2023 | ₫5235.2t | ₫2747.5t | ₫321.0t | 14.3x | 16.3x | 1.9x |
| Sat, 12 Aug 2023 | ₫5181.6t | ₫2741.6t | ₫321.9t | 14.1x | 16.1x | 1.9x |
| Mon, 10 Jul 2023 | ₫4770.2t | ₫2725.9t | ₫318.3t | 12.7x | 15x | 1.7x |
| Wed, 07 Jun 2023 | ₫4651.3t | ₫2730.5t | ₫315.6t | 12.7x | 14.7x | 1.7x |
| Fri, 05 May 2023 | ₫4367.1t | ₫2752.3t | ₫323.9t | 11.9x | 13.5x | 1.6x |
| Sun, 02 Apr 2023 | ₫4460.1t | ₫2790.8t | ₫343.7t | 10.6x | 13x | 1.6x |
Price to Earnings Ratio
13x
Current Market PE
- Investors are relatively neutral on the Vietnamese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Vietnamese Market?
| VN Market | -5.38% | |
| Industrials | -2.15% | |
| Consumer Discretionary | -2.42% | |
| Healthcare | -2.47% | |
| Financials | -3.62% | |
| Consumer Staples | -3.97% | |
| Utilities | -4.49% | |
| Tech | -5.02% | |
| Telecom | -6.05% | |
| Materials | -7.02% | |
| Real Estate | -9.46% | |
| Energy | -10.60% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 20.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings growth of 8.3% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 26.1x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| VHM Vinhomes | ₫104.20k | 2.2% +₫9.0t | 102.3% | PE10.4x | Real Estate | |
| VPL Vinpearl | ₫82.50k | 6.0% +₫8.4t | n/a | PE134.3x | Consumer Discretionary | |
| BVH Bao Viet Holdings | ₫85.90k | 14.2% +₫7.9t | 64.6% | PE21.5x | Financials | |
| VPB Vietnam Prosperity Commercial Bank | ₫26.30k | 2.7% +₫5.6t | 35.9% | PB1.2x | Financials | |
| KSF Sunshine Group | ₫85.00k | 5.5% +₫4.0t | 15.6% | PE9.2x | Real Estate |