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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedMay 06, 2026
DataAggregated Company Financials
Companies697
- 7D-0.06%
- 3M3.7%
- 1Y49.5%
- YTD4.5%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 48% 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 |
|---|---|---|---|---|---|---|
| Wed, 06 May 2026 | ₫9196.3t | ₫4584.4t | ₫637.2t | 11.6x | 14.4x | 2x |
| Fri, 03 Apr 2026 | ₫8355.9t | ₫4423.2t | ₫590.1t | 12x | 14.2x | 1.9x |
| Sun, 01 Mar 2026 | ₫9251.9t | ₫4426.6t | ₫593.0t | 12.3x | 15.6x | 2.1x |
| Tue, 27 Jan 2026 | ₫8949.1t | ₫4113.4t | ₫537.0t | 12.4x | 16.7x | 2.2x |
| Thu, 25 Dec 2025 | ₫8439.3t | ₫4055.1t | ₫518.7t | 12.4x | 16.3x | 2.1x |
| Sat, 22 Nov 2025 | ₫7690.5t | ₫4017.1t | ₫509.3t | 12.6x | 15.1x | 1.9x |
| Mon, 20 Oct 2025 | ₫7786.9t | ₫3840.3t | ₫481.8t | 14.1x | 16.2x | 2x |
| Wed, 17 Sep 2025 | ₫7483.7t | ₫3813.1t | ₫469.3t | 14.9x | 15.9x | 2x |
| Fri, 15 Aug 2025 | ₫7340.9t | ₫3802.2t | ₫467.4t | 15x | 15.7x | 1.9x |
| Sun, 13 Jul 2025 | ₫6478.2t | ₫3738.2t | ₫434.2t | 14.3x | 14.9x | 1.7x |
| Tue, 10 Jun 2025 | ₫5687.7t | ₫3692.6t | ₫432.6t | 13.8x | 13.1x | 1.5x |
| Thu, 08 May 2025 | ₫5439.1t | ₫3684.6t | ₫431.9t | 13.7x | 12.6x | 1.5x |
| Sat, 05 Apr 2025 | ₫5297.1t | ₫3514.5t | ₫423.5t | 13.3x | 12.5x | 1.5x |
| Mon, 03 Mar 2025 | ₫5695.2t | ₫3453.4t | ₫422.3t | 14.3x | 13.5x | 1.6x |
| Wed, 29 Jan 2025 | ₫5507.7t | ₫3265.9t | ₫408.7t | 14.1x | 13.5x | 1.7x |
| Fri, 27 Dec 2024 | ₫5466.0t | ₫3012.4t | ₫374.0t | 14.6x | 14.6x | 1.8x |
| Sun, 24 Nov 2024 | ₫5249.1t | ₫3011.4t | ₫374.0t | 13.6x | 14x | 1.7x |
| Tue, 22 Oct 2024 | ₫5474.0t | ₫2943.6t | ₫355.5t | 14.1x | 15.4x | 1.9x |
| Thu, 19 Sep 2024 | ₫5406.1t | ₫2919.0t | ₫361.4t | 14x | 15x | 1.9x |
| Sat, 17 Aug 2024 | ₫5364.9t | ₫2928.6t | ₫360.4t | 14.9x | 14.9x | 1.8x |
| Mon, 15 Jul 2024 | ₫5442.2t | ₫2918.9t | ₫319.5t | 16.3x | 17x | 1.9x |
| Wed, 12 Jun 2024 | ₫5471.5t | ₫2804.9t | ₫346.3t | 15.8x | 15.8x | 2x |
| Fri, 10 May 2024 | ₫5304.0t | ₫2811.0t | ₫342.2t | 14.7x | 15.5x | 1.9x |
| Sun, 07 Apr 2024 | ₫5328.2t | ₫2801.4t | ₫345.4t | 15.1x | 15.4x | 1.9x |
| Tue, 05 Mar 2024 | ₫5327.5t | ₫2803.8t | ₫341.9t | 14.6x | 15.6x | 1.9x |
| Thu, 01 Feb 2024 | ₫4953.0t | ₫2817.6t | ₫325.3t | 13.6x | 15.2x | 1.8x |
| Sat, 30 Dec 2023 | ₫4816.2t | ₫2837.4t | ₫327.1t | 13.4x | 14.7x | 1.7x |
| Mon, 27 Nov 2023 | ₫4670.1t | ₫2818.9t | ₫320.0t | 12.8x | 14.6x | 1.7x |
| Wed, 25 Oct 2023 | ₫4679.1t | ₫2752.4t | ₫319.0t | 13.7x | 14.7x | 1.7x |
| Fri, 22 Sep 2023 | ₫5130.3t | ₫2747.7t | ₫321.3t | 14.1x | 16x | 1.9x |
| Sun, 20 Aug 2023 | ₫4957.4t | ₫2739.8t | ₫321.8t | 13.8x | 15.4x | 1.8x |
| Tue, 18 Jul 2023 | ₫4914.4t | ₫2725.3t | ₫318.1t | 13.1x | 15.4x | 1.8x |
| Thu, 15 Jun 2023 | ₫4708.5t | ₫2730.5t | ₫315.6t | 12.6x | 14.9x | 1.7x |
| Sat, 13 May 2023 | ₫4476.7t | ₫2737.2t | ₫322.4t | 12.2x | 13.9x | 1.6x |
Price to Earnings Ratio
13.9x
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 24% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -0.057% | |
| Energy | 11.01% | |
| Utilities | 4.02% | |
| Materials | 1.59% | |
| Consumer Discretionary | 1.35% | |
| Healthcare | 1.25% | |
| Industrials | 1.02% | |
| Tech | -0.054% | |
| Financials | -0.31% | |
| Telecom | -1.14% | |
| Consumer Staples | -1.37% | |
| Real Estate | -1.64% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 31.7% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Energy sector is expected to see its earnings decline by 4.8% 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 | |
|---|---|---|---|---|---|---|
| BSR Binh Son Refining and Petrochemical | ₫26.75k | 14.3% +₫16.8t | 161.8% | PE10.2x | Energy | |
| GAS Petrovietnam Gas | ₫77.70k | 5.7% +₫10.1t | 34.3% | PE16.4x | Utilities | |
| VRE Vincom Retail | ₫35.20k | 14.3% +₫10.0t | 41.4% | PE11.6x | Real Estate | |
| GVR Vietnam Rubber Group - | ₫35.20k | 6.7% +₫8.8t | 44.9% | PE28.2x | Materials | |
| VPB Vietnam Prosperity Commercial Bank | ₫28.00k | 3.7% +₫7.9t | 65.7% | PB1.3x | Financials |