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Vietnamese (HOSE) Real Estate Sector Analysis
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies67
- 7D-2.0%
- 3M2.5%
- 1Y102.1%
- YTD11.0%
Over the last 7 days, the Real Estate industry has dropped 2.0%, driven by Vinhomes declining 4.3%. On the other hand Sunshine Group is actually up 6.7%. In the past year, the industry has gained 102%. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | ₫2636.9t | ₫675.5t | ₫110.0t | 16.4x | 24x | 3.9x |
| Thu, 18 Jun 2026 | ₫2476.9t | ₫675.6t | ₫110.0t | 18.4x | 22.5x | 3.7x |
| Sat, 16 May 2026 | ₫2877.1t | ₫674.9t | ₫110.0t | 20.6x | 26.2x | 4.3x |
| Mon, 13 Apr 2026 | ₫2138.1t | ₫604.5t | ₫85.0t | 19.6x | 25.2x | 3.5x |
| Wed, 11 Mar 2026 | ₫1880.4t | ₫606.0t | ₫87.4t | 19x | 21.5x | 3.1x |
| Fri, 06 Feb 2026 | ₫1892.6t | ₫503.2t | ₫81.3t | 21.7x | 23.3x | 3.8x |
| Sun, 04 Jan 2026 | ₫2331.1t | ₫423.9t | ₫50.3t | 25.8x | 46.3x | 5.5x |
| Tue, 02 Dec 2025 | ₫1987.2t | ₫423.9t | ₫50.3t | 23.5x | 39.5x | 4.7x |
| Thu, 30 Oct 2025 | ₫1787.5t | ₫462.0t | ₫57.3t | 24.3x | 31.2x | 3.9x |
| Sat, 27 Sep 2025 | ₫1510.1t | ₫455.5t | ₫58.6t | 34.9x | 25.8x | 3.3x |
| Mon, 25 Aug 2025 | ₫1344.8t | ₫448.9t | ₫57.1t | 37.1x | 23.6x | 3x |
| Wed, 23 Jul 2025 | ₫1266.6t | ₫454.8t | ₫50.8t | 27.7x | 24.9x | 2.8x |
| Fri, 20 Jun 2025 | ₫1009.4t | ₫456.6t | ₫50.4t | 24.1x | 20x | 2.2x |
| Sun, 18 May 2025 | ₫899.8t | ₫453.4t | ₫49.4t | 23.8x | 18.2x | 2x |
| Tue, 15 Apr 2025 | ₫836.3t | ₫376.6t | ₫47.4t | 28x | 17.6x | 2.2x |
| Thu, 13 Mar 2025 | ₫758.3t | ₫368.7t | ₫46.9t | 31x | 16.2x | 2.1x |
| Sat, 08 Feb 2025 | ₫670.9t | ₫368.1t | ₫47.3t | 31.6x | 14.2x | 1.8x |
| Mon, 06 Jan 2025 | ₫677.3t | ₫292.9t | ₫37.1t | 25x | 18.3x | 2.3x |
| Wed, 04 Dec 2024 | ₫679.5t | ₫298.7t | ₫37.8t | 21.6x | 18x | 2.3x |
| Fri, 01 Nov 2024 | ₫690.0t | ₫284.1t | ₫35.0t | 32.6x | 19.7x | 2.4x |
| Sun, 29 Sep 2024 | ₫721.7t | ₫282.0t | ₫39.1t | 32x | 18.4x | 2.6x |
| Tue, 27 Aug 2024 | ₫708.8t | ₫282.4t | ₫39.0t | 30.9x | 18.2x | 2.5x |
| Thu, 25 Jul 2024 | ₫678.9t | ₫279.5t | ₫37.8t | 33.8x | 18x | 2.4x |
| Sat, 22 Jun 2024 | ₫688.7t | ₫288.9t | ₫42.5t | 22.4x | 16.2x | 2.4x |
| Mon, 20 May 2024 | ₫728.9t | ₫289.0t | ₫42.5t | 23.5x | 17.1x | 2.5x |
| Wed, 17 Apr 2024 | ₫732.5t | ₫328.7t | ₫47.8t | 31.6x | 15.3x | 2.2x |
| Fri, 15 Mar 2024 | ₫759.5t | ₫328.7t | ₫47.6t | 33.2x | 15.9x | 2.3x |
| Sun, 11 Feb 2024 | ₫715.3t | ₫328.6t | ₫47.5t | 29.8x | 15x | 2.2x |
| Tue, 09 Jan 2024 | ₫734.8t | ₫367.1t | ₫53.9t | 22.5x | 13.6x | 2x |
| Thu, 07 Dec 2023 | ₫724.3t | ₫371.6t | ₫54.3t | 20.6x | 13.3x | 1.9x |
| Sat, 04 Nov 2023 | ₫683.0t | ₫372.9t | ₫54.4t | 19.2x | 12.6x | 1.8x |
| Mon, 02 Oct 2023 | ₫745.2t | ₫341.6t | ₫60.6t | 18.8x | 12.3x | 2.2x |
| Wed, 30 Aug 2023 | ₫879.8t | ₫341.2t | ₫61.0t | 19.3x | 14.4x | 2.6x |
| Fri, 28 Jul 2023 | ₫830.1t | ₫276.7t | ₫53.1t | 20.6x | 15.6x | 3x |
Price to Earnings Ratio
15.6x
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 24.0x which is higher than its 3-year average PE of 20.7x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 35% 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 | -3.17% | |
| Real Estate | -1.99% | |
| REITS | 0% | 0 |
| Real Estate | -1.99% | |
| Specialized REITs | -3.65% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 20.7x.
- Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 23.1% 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 20.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Real Estate industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| KSF Sunshine Group | ₫79.50k | 2.4% +₫1.7t | 19.5% | PE8.2x | |
| NVL No Va Land Investment Group | ₫12.60k | 3.3% +₫960.8b | -20.1% | PE9.8x | |
| VPI Van Phu Real Estate Development | ₫62.00k | 0.3% +₫64.0b | 17.2% | PE71.7x | |
| IDV Vinh Phuc Infrastructure Development | ₫22.60k | 3.2% +₫33.2b | -1.9% | PE10.5x | |
| NTC Nam Tan Uyen | ₫130.00k | 0.5% +₫14.4b | n/a | PE9.6x |