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Vietnamese (HOSE) Real Estate Industry Analysis
UpdatedJul 18, 2025
DataAggregated Company Financials
Companies61
- 7D10.9%
- 3M58.5%
- 1Y85.5%
- YTD85.3%
Over the last 7 days, the Real Estate industry has risen 11%, driven by gains from Vingroup of 10%. This takes the industry's 12 month performance to a gain of 85%. In the next few years, earnings are forecast to decline by 2.2% annually.
Industry Valuation and Performance
Has the Vietnamese Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 19 Jul 2025 | ₫1273.0t | ₫454.1t | ₫50.6t | 29.8x | 25.2x | 2.8x |
| Mon, 16 Jun 2025 | ₫974.0t | ₫456.6t | ₫50.4t | 23.5x | 19.3x | 2.1x |
| Wed, 14 May 2025 | ₫917.6t | ₫453.6t | ₫49.4t | 23.9x | 18.6x | 2x |
| Fri, 11 Apr 2025 | ₫770.7t | ₫376.6t | ₫47.4t | 27.6x | 16.2x | 2x |
| Sun, 09 Mar 2025 | ₫731.2t | ₫368.1t | ₫46.9t | 32.5x | 15.6x | 2x |
| Tue, 04 Feb 2025 | ₫664.8t | ₫367.5t | ₫47.3t | 29x | 14.1x | 1.8x |
| Thu, 02 Jan 2025 | ₫680.7t | ₫292.7t | ₫37.1t | 24.5x | 18.4x | 2.3x |
| Sat, 30 Nov 2024 | ₫680.6t | ₫298.7t | ₫37.8t | 20.9x | 18x | 2.3x |
| Mon, 28 Oct 2024 | ₫699.9t | ₫282.4t | ₫31.9t | 33.3x | 21.9x | 2.5x |
| Wed, 25 Sep 2024 | ₫722.9t | ₫282.0t | ₫39.1t | 31.7x | 18.5x | 2.6x |
| Fri, 23 Aug 2024 | ₫703.4t | ₫282.4t | ₫39.3t | 31.2x | 17.9x | 2.5x |
| Sun, 21 Jul 2024 | ₫680.2t | ₫287.5t | ₫42.1t | 22.9x | 16.2x | 2.4x |
| Tue, 18 Jun 2024 | ₫694.5t | ₫288.9t | ₫42.5t | 23.1x | 16.3x | 2.4x |
| Thu, 16 May 2024 | ₫718.5t | ₫289.0t | ₫42.5t | 23.1x | 16.9x | 2.5x |
| Sat, 13 Apr 2024 | ₫770.2t | ₫328.6t | ₫48.0t | 35.3x | 16.1x | 2.3x |
| Mon, 11 Mar 2024 | ₫748.8t | ₫328.7t | ₫47.6t | 32.8x | 15.7x | 2.3x |
| Wed, 07 Feb 2024 | ₫711.1t | ₫321.7t | ₫46.1t | 32.7x | 15.4x | 2.2x |
| Fri, 05 Jan 2024 | ₫730.7t | ₫367.1t | ₫53.9t | 22.2x | 13.6x | 2x |
| Sun, 03 Dec 2023 | ₫705.4t | ₫371.6t | ₫54.3t | 20.5x | 13x | 1.9x |
| Tue, 31 Oct 2023 | ₫663.2t | ₫375.1t | ₫54.4t | 21.5x | 12.2x | 1.8x |
| Thu, 28 Sep 2023 | ₫733.7t | ₫341.6t | ₫60.6t | 18.8x | 12.1x | 2.1x |
| Sat, 26 Aug 2023 | ₫864.4t | ₫341.2t | ₫61.0t | 18.4x | 14.2x | 2.5x |
| Mon, 24 Jul 2023 | ₫828.2t | ₫276.8t | ₫53.2t | 19.9x | 15.6x | 3x |
| Wed, 21 Jun 2023 | ₫795.0t | ₫277.7t | ₫53.2t | 23.1x | 15x | 2.9x |
| Fri, 19 May 2023 | ₫783.1t | ₫277.5t | ₫52.9t | 22.5x | 14.8x | 2.8x |
| Sun, 16 Apr 2023 | ₫757.0t | ₫239.3t | ₫48.7t | 21.4x | 15.5x | 3.2x |
| Tue, 14 Mar 2023 | ₫724.4t | ₫239.1t | ₫48.3t | 18.5x | 15x | 3x |
| Thu, 09 Feb 2023 | ₫756.5t | ₫232.6t | ₫51.7t | 20.2x | 14.6x | 3.3x |
| Sat, 07 Jan 2023 | ₫779.5t | ₫232.2t | ₫46.1t | 10.2x | 16.9x | 3.4x |
| Mon, 05 Dec 2022 | ₫892.2t | ₫232.2t | ₫46.1t | 12.5x | 19.3x | 3.8x |
| Wed, 02 Nov 2022 | ₫880.4t | ₫230.8t | ₫43.8t | 12.1x | 20.1x | 3.8x |
| Fri, 30 Sep 2022 | ₫980.5t | ₫233.4t | ₫40.4t | 15.4x | 24.3x | 4.2x |
| Sun, 28 Aug 2022 | ₫1113.0t | ₫233.7t | ₫42.4t | 19.2x | 26.3x | 4.8x |
| Tue, 26 Jul 2022 | ₫1046.7t | ₫279.9t | ₫49.1t | 17x | 21.3x | 3.7x |
Price to Earnings Ratio
21.3x
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 25.2x which is higher than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 17% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Vietnamese Real Estate industry?
| VN Market | 3.05% | |
| Real Estate | 10.87% | |
| Real Estate | 10.87% | |
| Diversified Real Estate | 15.75% | |
| Real Estate Development | 7.95% | |
| Real Estate Services | 6.98% | |
| Real Estate Operating Companies | 4.04% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 33.3%, which is lower than the prior year's growth of 1,948.6% per year.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading close to its 3-year average of 17.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 33% over the next 5 years.
- In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 15% 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 | ₫119.00k | 10.2% +₫40.9t | 192.0% | PE42.7x | |
| VHM Vinhomes | ₫96.00k | 9.2% +₫33.3t | 153.6% | PE11.7x | |
| NVL No Va Land Investment Group | ₫16.95k | 12.3% +₫3.6t | 42.4% | PS3.3x | |
| DXG Dat Xanh Group | ₫19.45k | 14.1% +₫2.4t | 68.6% | PE74.6x | |
| CEO C.E.O Group | ₫22.60k | 20.9% +₫2.1t | 43.0% | PE63.2x |