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Vietnamese (HOSE) Commercial Services Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies8
  • 7D3.8%
  • 3M4.7%
  • 1Y-5.3%
  • YTD2.8%

The Commercial Services industry is up 3.8% in the last week, with Thien Long Group up 3.9%. In the same time, Hoaphat Textbook Printing was down 9.7%. In contrast, the industry has lost 5.3% in the last 12 months. Earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

Has the Vietnamese Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026₫7.9t₫8.3t₫553.0b9.8x14.4x1x
Tue, 16 Dec 2025₫8.0t₫8.3t₫553.0b10.2x14.4x1x
Thu, 13 Nov 2025₫7.5t₫8.3t₫581.6b10.6x12.9x0.9x
Sat, 11 Oct 2025₫7.7t₫8.1t₫669.1b11x11.5x0.9x
Mon, 08 Sep 2025₫7.7t₫8.2t₫663.0b11.2x11.6x0.9x
Wed, 06 Aug 2025₫7.4t₫8.2t₫679.2b11x10.9x0.9x
Fri, 04 Jul 2025₫7.7t₫7.5t₫636.8b11.7x12.1x1x
Sun, 01 Jun 2025₫7.1t₫7.3t₫637.3b9.2x11.1x1x
Tue, 29 Apr 2025₫6.8t₫7.3t₫642.5b9.9x10.5x0.9x
Thu, 27 Mar 2025₫7.7t₫7.3t₫643.9b9.1x12x1.1x
Sat, 22 Feb 2025₫8.6t₫6.4t₫555.9b12.6x15.4x1.3x
Mon, 20 Jan 2025₫7.9t₫5.9t₫540.8b17.9x14.6x1.3x
Wed, 18 Dec 2024₫8.6t₫5.9t₫541.0b17.1x16x1.5x
Fri, 15 Nov 2024₫7.5t₫5.9t₫577.2b15.3x13x1.3x
Sun, 13 Oct 2024₫6.8t₫5.6t₫515.1b11.6x13.1x1.2x
Tue, 10 Sep 2024₫6.8t₫5.6t₫515.1b11.7x13.2x1.2x
Thu, 08 Aug 2024₫6.7t₫5.6t₫537.1b11.6x12.4x1.2x
Sat, 06 Jul 2024₫7.8t₫5.3t₫412.4b18.2x19x1.5x
Mon, 03 Jun 2024₫7.7t₫5.3t₫416.1b19.2x18.6x1.5x
Wed, 01 May 2024₫7.8t₫5.4t₫440.5b19.5x17.8x1.4x
Fri, 29 Mar 2024₫7.8t₫6.0t₫461.0b21.3x17x1.3x
Sun, 25 Feb 2024₫7.6t₫6.0t₫496.9b19x15.2x1.3x
Tue, 23 Jan 2024₫7.2t₫5.9t₫398.7b14.7x18.1x1.2x
Thu, 21 Dec 2023₫7.4t₫5.9t₫398.7b15.9x18.6x1.3x
Sat, 18 Nov 2023₫8.5t₫5.9t₫398.7b16.5x21.3x1.4x
Mon, 16 Oct 2023₫9.1t₫5.4t₫414.6b17.1x21.9x1.7x
Wed, 13 Sep 2023₫9.4t₫5.4t₫415.0b15.1x22.6x1.7x
Fri, 11 Aug 2023₫9.7t₫5.4t₫415.0b14.3x23.4x1.8x
Sun, 09 Jul 2023₫10.7t₫5.6t₫629.2b13.3x17x1.9x
Tue, 06 Jun 2023₫10.7t₫5.6t₫629.2b12.6x17x1.9x
Thu, 04 May 2023₫10.8t₫5.9t₫630.7b12.2x17.1x1.8x
Sat, 01 Apr 2023₫10.5t₫7.0t₫688.7b9.5x15.2x1.5x
Mon, 27 Feb 2023₫10.5t₫7.0t₫743.1b11.1x14.1x1.5x
Wed, 25 Jan 2023₫10.8t₫7.1t₫792.4b9.3x13.7x1.5x
Price to Earnings Ratio

13.7x


Total Market Cap: ₫10.8tTotal Earnings: ₫792.4bTotal Revenue: ₫7.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Commercial Services Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Vietnamese Commercial Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.5x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Vietnamese Industrials industry?

VN Market0.70%
Industrials3.27%
Commercial Services3.83%
Office Services and Supplies3.94%
Commercial Printing3.91%
Diversified Support Services3.33%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 1kx.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Commercial Printing industry, which is trading below its 3-year average of 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • This is better than its past earnings decline of 7.6% per year.
  • In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 9.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TLG Thien Long Group₫52.90k3.9%
+₫193.1b
-5.1%PE13.6x
INN Agriculture Printing and Packaging JSC₫43.00k4.1%
+₫45.9b
20.6%PE10.1x
ITD Innovative Technology Development₫16.60k5.7%
+₫23.6b
23.3%PE9.1x
ILB Tan Cang - Long Binh ICD₫23.35k2.4%
+₫21.0b
-26.0%PE9.5x
STC Book and Educational Equipment₫15.90k6.0%
+₫5.1b
-6.5%PE7.9x

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