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Vietnamese (HOSE) Real Estate Sector Analysis
UpdatedMay 13, 2026
DataAggregated Company Financials
Companies68
- 7D1.9%
- 3M37.3%
- 1Y186.7%
- YTD19.7%
The Real Estate industry is up 1.9% in the last week, with Vingroup up 0.7%. Meanwhile, Vincom Retail actually underperformed within the industry, shrinking 9.8% in the last week. This means that the industry has gained 187% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the Vietnamese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | ₫2846.2t | ₫674.2t | ₫110.0t | 20.4x | 25.9x | 4.2x |
| Fri, 10 Apr 2026 | ₫2123.4t | ₫604.5t | ₫85.0t | 19.5x | 25x | 3.5x |
| Sun, 08 Mar 2026 | ₫2039.3t | ₫606.1t | ₫87.4t | 19.1x | 23.3x | 3.4x |
| Tue, 03 Feb 2026 | ₫1895.6t | ₫502.3t | ₫80.8t | 22.2x | 23.5x | 3.8x |
| Thu, 01 Jan 2026 | ₫2331.1t | ₫423.9t | ₫50.3t | 25.8x | 46.3x | 5.5x |
| Sat, 29 Nov 2025 | ₫1944.0t | ₫423.9t | ₫50.3t | 23.5x | 38.6x | 4.6x |
| Mon, 27 Oct 2025 | ₫1862.1t | ₫461.0t | ₫60.8t | 24.8x | 30.6x | 4x |
| Wed, 24 Sep 2025 | ₫1442.6t | ₫452.6t | ₫58.3t | 34.2x | 24.7x | 3.2x |
| Fri, 22 Aug 2025 | ₫1367.4t | ₫448.9t | ₫57.1t | 36.1x | 24x | 3x |
| Sun, 20 Jul 2025 | ₫1270.6t | ₫454.2t | ₫50.6t | 30.1x | 25.1x | 2.8x |
| Tue, 17 Jun 2025 | ₫973.5t | ₫456.6t | ₫50.4t | 23.7x | 19.3x | 2.1x |
| Thu, 15 May 2025 | ₫912.2t | ₫453.6t | ₫49.4t | 23.4x | 18.5x | 2x |
| Sat, 12 Apr 2025 | ₫799.4t | ₫376.6t | ₫47.4t | 29x | 16.8x | 2.1x |
| Mon, 10 Mar 2025 | ₫731.1t | ₫368.1t | ₫46.9t | 32.5x | 15.6x | 2x |
| Wed, 05 Feb 2025 | ₫667.0t | ₫367.5t | ₫47.3t | 28.8x | 14.1x | 1.8x |
| Fri, 03 Jan 2025 | ₫680.1t | ₫292.7t | ₫37.1t | 25.4x | 18.3x | 2.3x |
| Sun, 01 Dec 2024 | ₫680.7t | ₫298.7t | ₫37.8t | 20.9x | 18x | 2.3x |
| Tue, 29 Oct 2024 | ₫695.6t | ₫282.4t | ₫31.9t | 32.8x | 21.8x | 2.5x |
| Thu, 26 Sep 2024 | ₫726.5t | ₫282.0t | ₫39.1t | 31.7x | 18.6x | 2.6x |
| Sat, 24 Aug 2024 | ₫704.1t | ₫282.4t | ₫39.3t | 31.3x | 17.9x | 2.5x |
| Mon, 22 Jul 2024 | ₫680.2t | ₫283.1t | ₫43.2t | 22.9x | 15.7x | 2.4x |
| Wed, 19 Jun 2024 | ₫697.2t | ₫288.9t | ₫42.5t | 23.2x | 16.4x | 2.4x |
| Fri, 17 May 2024 | ₫723.1t | ₫289.0t | ₫42.5t | 23.3x | 17x | 2.5x |
| Sun, 14 Apr 2024 | ₫770.3t | ₫328.6t | ₫48.0t | 35.3x | 16.1x | 2.3x |
| Tue, 12 Mar 2024 | ₫739.9t | ₫328.7t | ₫47.6t | 32.5x | 15.5x | 2.3x |
| Thu, 08 Feb 2024 | ₫715.3t | ₫323.0t | ₫46.4t | 32.5x | 15.4x | 2.2x |
| Sat, 06 Jan 2024 | ₫729.3t | ₫367.1t | ₫53.9t | 22.2x | 13.5x | 2x |
| Mon, 04 Dec 2023 | ₫705.5t | ₫371.6t | ₫54.3t | 20.5x | 13x | 1.9x |
| Wed, 01 Nov 2023 | ₫650.5t | ₫375.1t | ₫54.4t | 21.5x | 11.9x | 1.7x |
| Fri, 29 Sep 2023 | ₫730.0t | ₫341.6t | ₫60.6t | 18.4x | 12x | 2.1x |
| Sun, 27 Aug 2023 | ₫864.4t | ₫341.2t | ₫61.0t | 18.4x | 14.2x | 2.5x |
| Tue, 25 Jul 2023 | ₫832.5t | ₫276.8t | ₫53.2t | 20.4x | 15.7x | 3x |
| Thu, 22 Jun 2023 | ₫796.3t | ₫277.7t | ₫53.2t | 23.4x | 15x | 2.9x |
| Sat, 20 May 2023 | ₫776.3t | ₫277.5t | ₫52.9t | 22.6x | 14.7x | 2.8x |
Price to Earnings Ratio
14.7x
Current Industry PE
- Investors are optimistic on the Vietnamese Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.9x which is higher than its 3-year average PE of 20.1x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 34% 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 Real Estate sector?
| VN Market | 1.39% | |
| Real Estate | 1.91% | |
| Specialized REITs | 6.43% | |
| Real Estate | 1.91% | |
| REITS | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 20.1x.
- Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 24.7% per year.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Real Estate 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 | |
|---|---|---|---|---|---|
| VIC Vingroup | ₫221.00k | 0.7% +₫11.2t | 453.9% | PE150.9x | |
| VHM Vinhomes | ₫152.50k | 1.0% +₫6.2t | 152.5% | PE9.7x | |
| KSF Sunshine Group | ₫88.00k | 6.4% +₫4.8t | 36.6% | PE9x | |
| VPI Van Phu Real Estate Development | ₫61.60k | 1.5% +₫288.0b | 23.9% | PE50.5x | |
| DXS Dat Xanh Real Estate Services | ₫8.28k | 5.6% +₫254.8b | 25.1% | PE14.1x |