Vietnamese (HOSE) Luxury Industry Analysis

Industry Valuation and Performance

Has the Vietnamese Luxury Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 11 May 2026	₫52.0t	₫68.4t	₫4.4t	8.6x	11.9x	0.8x
Wed, 08 Apr 2026	₫50.6t	₫67.9t	₫4.5t	10.2x	11.4x	0.7x
Fri, 06 Mar 2026	₫57.5t	₫67.9t	₫4.7t	8.8x	12.1x	0.8x
Sun, 01 Feb 2026	₫60.5t	₫65.9t	₫3.9t	9.9x	15.4x	0.9x
Tue, 30 Dec 2025	₫49.1t	₫61.5t	₫3.7t	7.9x	13.2x	0.8x
Thu, 27 Nov 2025	₫47.7t	₫61.5t	₫3.7t	7.9x	12.8x	0.8x
Sat, 25 Oct 2025	₫49.4t	₫60.7t	₫3.5t	10x	14.2x	0.8x
Mon, 22 Sep 2025	₫48.4t	₫60.5t	₫3.5t	10.3x	13.8x	0.8x
Wed, 20 Aug 2025	₫47.3t	₫60.5t	₫3.5t	11.4x	13.3x	0.8x
Fri, 18 Jul 2025	₫47.8t	₫61.4t	₫3.3t	11x	14.6x	0.8x
Sun, 15 Jun 2025	₫43.7t	₫61.4t	₫3.3t	11x	13.3x	0.7x
Tue, 13 May 2025	₫42.9t	₫61.2t	₫3.2t	11.1x	13.2x	0.7x
Thu, 10 Apr 2025	₫35.7t	₫64.0t	₫3.3t	11x	11x	0.6x
Sat, 08 Mar 2025	₫51.7t	₫63.7t	₫3.5t	11.7x	14.6x	0.8x
Mon, 03 Feb 2025	₫52.2t	₫64.4t	₫3.2t	12.2x	16.5x	0.8x
Wed, 01 Jan 2025	₫53.7t	₫62.7t	₫2.9t	14.2x	18.2x	0.9x
Fri, 29 Nov 2024	₫51.9t	₫62.7t	₫2.9t	14x	17.6x	0.8x
Sun, 27 Oct 2024	₫51.3t	₫62.1t	₫2.8t	13.6x	18.1x	0.8x
Tue, 24 Sep 2024	₫53.6t	₫61.9t	₫2.8t	13.9x	19x	0.9x
Thu, 22 Aug 2024	₫57.5t	₫61.9t	₫2.8t	14.9x	20.5x	0.9x
Sat, 20 Jul 2024	₫53.5t	₫59.4t	₫2.7t	13.2x	19.6x	0.9x
Mon, 17 Jun 2024	₫53.2t	₫59.4t	₫2.7t	13.7x	19.5x	0.9x
Wed, 15 May 2024	₫51.6t	₫59.4t	₫2.7t	14.1x	18.9x	0.9x
Fri, 12 Apr 2024	₫52.7t	₫56.4t	₫2.7t	13.3x	19.4x	0.9x
Sun, 10 Mar 2024	₫51.1t	₫55.4t	₫2.6t	11.8x	19.4x	0.9x
Tue, 06 Feb 2024	₫48.1t	₫55.4t	₫2.7t	10.9x	18.1x	0.9x
Thu, 04 Jan 2024	₫45.2t	₫55.8t	₫2.8t	10.9x	15.9x	0.8x
Sat, 02 Dec 2023	₫43.2t	₫56.2t	₫2.9t	9.2x	15x	0.8x
Mon, 30 Oct 2023	₫39.7t	₫50.0t	₫2.7t	14.3x	14.9x	0.8x
Wed, 27 Sep 2023	₫44.0t	₫50.4t	₫2.7t	15.2x	16.5x	0.9x
Fri, 25 Aug 2023	₫42.3t	₫50.4t	₫2.7t	15.1x	15.9x	0.8x
Sun, 23 Jul 2023	₫44.2t	₫52.7t	₫2.9t	10x	15.3x	0.8x
Tue, 20 Jun 2023	₫40.1t	₫53.2t	₫2.9t	8.3x	13.6x	0.8x
Thu, 18 May 2023	₫39.9t	₫53.2t	₫2.9t	7.8x	13.5x	0.8x

Current Industry PE

Investors are pessimistic on the Vietnamese Luxury industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 15.6x.

The industry is trading close to its 3-year average PS ratio of 0.82x.

Past Earnings Growth

The earnings for companies in the Luxury industry have grown 14% per year over the last three years.
Revenues for these companies have grown 8.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Vietnamese Consumer Discretionary industry?


VN Market	3.03%
Consumer Discretionary	3.00%
Luxury	2.18%
Apparel, Accessories and Luxury Goods	3.38%
Textiles	-1.79%

Industry PE

Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 15.7x.

Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 35.3% per year.

Investors are most pessimistic about the Textiles industry, which is trading below its 3-year average of 16.2x.

Forecasted Growth

Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 13% over the next 5 years.
However this is lower than its past earnings growth rate of 61% per year.

In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 10% 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
PNJ Phu Nhuan Jewelry	₫70.10k	4.2% +₫1.4t	37.6%	PE13.8x
SVD Vu Dang Investment & Trading	₫3.62k	8.4% +₫7.7b	13.1%	PE76.5x
X20 X20	₫12.10k	2.5% +₫5.2b	-11.0%	PE6x
GMC Garmex Saigon	₫4.75k	2.2% +₫3.3b	-45.3%	n/a

New minor risk - Market cap size

The company's market capitalization is less than US$100m. Market cap: ₫2.63t (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₫2.63t market cap, or US$99.8m).

Vietnamese (HOSE) Luxury Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Market cap size

New minor risk - Share price stability

Consensus EPS estimates fall by 22%

First quarter 2026 earnings released: ₫246 loss per share (vs ₫254 profit in 1Q 2025)

First quarter 2026 earnings released: EPS: ₫1,672 (vs ₫1,464 in 1Q 2025)

First quarter 2026 earnings released: EPS: ₫162 (vs ₫52.50 in 1Q 2025)

First quarter 2026 earnings released: EPS: ₫12.55 (vs ₫11.70 in 1Q 2025)

Deputy General Director recently bought ₫2.0b worth of stock

New minor risk - Share price stability

Binh Thanh Import Export Production and Trade Joint Stock Company, Annual General Meeting, Apr 22, 2026

Song Hong Garment Joint Stock Company, Annual General Meeting, Apr 25, 2026

Garmex Saigon Corporation, Annual General Meeting, Apr 27, 2026