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Vietnamese (HOSE) Commercial Services Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
- 7D-5.9%
- 3M-1.0%
- 1Y-17.6%
- YTD-10.9%
Over the last 7 days, the Commercial Services industry has dropped 5.9%, driven by a pullback from Thien Long Group of 7.6%. Meanwhile, Innovative Technology Development actually outperformed within the industry, gaining 12% in the last week. Overall the industry is down 18% in 12 months. As for the next few years, earnings are expected to grow by 9.3% per annum.
Industry Valuation and Performance
Has the Vietnamese Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | ₫7.6t | ₫8.3t | ₫553.0b | 9.6x | 13.8x | 0.9x |
| Fri, 21 Nov 2025 | ₫7.5t | ₫8.3t | ₫553.0b | 10.3x | 13.6x | 0.9x |
| Sun, 19 Oct 2025 | ₫7.6t | ₫8.1t | ₫669.1b | 10.8x | 11.3x | 0.9x |
| Tue, 16 Sep 2025 | ₫7.8t | ₫8.2t | ₫663.0b | 11.1x | 11.7x | 1x |
| Thu, 14 Aug 2025 | ₫7.6t | ₫8.2t | ₫663.0b | 11.8x | 11.5x | 0.9x |
| Sat, 12 Jul 2025 | ₫7.6t | ₫7.5t | ₫636.8b | 11.7x | 12x | 1x |
| Mon, 09 Jun 2025 | ₫7.4t | ₫7.5t | ₫636.8b | 11x | 11.6x | 1x |
| Wed, 07 May 2025 | ₫6.8t | ₫7.3t | ₫643.1b | 9.6x | 10.6x | 0.9x |
| Fri, 04 Apr 2025 | ₫7.1t | ₫7.3t | ₫643.9b | 8.9x | 11.1x | 1x |
| Sun, 02 Mar 2025 | ₫8.5t | ₫6.6t | ₫567.4b | 11.7x | 14.9x | 1.3x |
| Tue, 28 Jan 2025 | ₫8.1t | ₫6.0t | ₫543.4b | 13.4x | 14.9x | 1.4x |
| Thu, 26 Dec 2024 | ₫8.8t | ₫5.9t | ₫541.0b | 17.3x | 16.2x | 1.5x |
| Sat, 23 Nov 2024 | ₫7.9t | ₫5.9t | ₫541.0b | 16.3x | 14.5x | 1.3x |
| Mon, 21 Oct 2024 | ₫6.8t | ₫5.6t | ₫515.1b | 11.2x | 13.1x | 1.2x |
| Wed, 18 Sep 2024 | ₫6.7t | ₫5.6t | ₫515.1b | 11.8x | 13.1x | 1.2x |
| Fri, 16 Aug 2024 | ₫6.7t | ₫5.6t | ₫515.3b | 11.4x | 13x | 1.2x |
| Sun, 14 Jul 2024 | ₫7.7t | ₫5.3t | ₫412.4b | 16.9x | 18.6x | 1.4x |
| Tue, 11 Jun 2024 | ₫7.9t | ₫5.3t | ₫417.3b | 19.2x | 18.8x | 1.5x |
| Thu, 09 May 2024 | ₫7.8t | ₫5.3t | ₫416.1b | 19x | 18.8x | 1.5x |
| Sat, 06 Apr 2024 | ₫7.8t | ₫5.4t | ₫439.8b | 23.4x | 17.7x | 1.4x |
| Mon, 04 Mar 2024 | ₫7.6t | ₫6.0t | ₫496.9b | 19.2x | 15.3x | 1.3x |
| Wed, 31 Jan 2024 | ₫7.3t | ₫5.9t | ₫406.3b | 17.3x | 17.9x | 1.2x |
| Fri, 29 Dec 2023 | ₫8.3t | ₫5.9t | ₫398.7b | 16.1x | 20.9x | 1.4x |
| Sun, 26 Nov 2023 | ₫8.1t | ₫5.9t | ₫398.7b | 16.4x | 20.4x | 1.4x |
| Tue, 24 Oct 2023 | ₫8.9t | ₫5.4t | ₫414.8b | 15.5x | 21.5x | 1.6x |
| Thu, 21 Sep 2023 | ₫9.3t | ₫5.4t | ₫415.0b | 15x | 22.4x | 1.7x |
| Sat, 19 Aug 2023 | ₫9.1t | ₫5.4t | ₫415.0b | 14.8x | 22x | 1.7x |
| Mon, 17 Jul 2023 | ₫10.6t | ₫5.6t | ₫629.2b | 13.3x | 16.8x | 1.9x |
| Wed, 14 Jun 2023 | ₫10.6t | ₫5.6t | ₫629.2b | 12.6x | 16.8x | 1.9x |
| Fri, 12 May 2023 | ₫10.7t | ₫5.6t | ₫629.2b | 11.9x | 17x | 1.9x |
| Sun, 09 Apr 2023 | ₫10.5t | ₫6.3t | ₫672.9b | 9.6x | 15.6x | 1.7x |
| Tue, 07 Mar 2023 | ₫10.5t | ₫7.0t | ₫743.1b | 11x | 14.1x | 1.5x |
| Thu, 02 Feb 2023 | ₫10.6t | ₫7.1t | ₫792.4b | 9.1x | 13.4x | 1.5x |
| Sat, 31 Dec 2022 | ₫9.7t | ₫7.1t | ₫792.4b | 8.7x | 12.3x | 1.4x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are pessimistic on the Vietnamese Commercial Services 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 13.8x which is lower than its 3-year average PE of 15.5x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.92x.
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 Market | 5.26% | |
| Industrials | 2.73% | |
| Commercial Services | -5.86% | |
| Commercial Printing | 0.22% | |
| Diversified Support Services | -5.77% | |
| Office Services and Supplies | -7.24% | |
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 23.7x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ITD Innovative Technology Development | ₫16.85k | 12.0% +₫47.1b | 33.6% | PE9.3x | |
| STC Book and Educational Equipment | ₫16.00k | 11.1% +₫9.1b | -5.9% | PE8x | |
| APC An Phu Irradiation | ₫7.10k | 3.5% +₫4.8b | -40.8% | n/a | |
| INN Agriculture Printing and Packaging JSC | ₫42.00k | 0.2% +₫2.7b | 15.6% | PE9.9x |