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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025₫1273.0t₫454.1t₫50.6t29.8x25.2x2.8x
Mon, 16 Jun 2025₫974.0t₫456.6t₫50.4t23.5x19.3x2.1x
Wed, 14 May 2025₫917.6t₫453.6t₫49.4t23.9x18.6x2x
Fri, 11 Apr 2025₫770.7t₫376.6t₫47.4t27.6x16.2x2x
Sun, 09 Mar 2025₫731.2t₫368.1t₫46.9t32.5x15.6x2x
Tue, 04 Feb 2025₫664.8t₫367.5t₫47.3t29x14.1x1.8x
Thu, 02 Jan 2025₫680.7t₫292.7t₫37.1t24.5x18.4x2.3x
Sat, 30 Nov 2024₫680.6t₫298.7t₫37.8t20.9x18x2.3x
Mon, 28 Oct 2024₫699.9t₫282.4t₫31.9t33.3x21.9x2.5x
Wed, 25 Sep 2024₫722.9t₫282.0t₫39.1t31.7x18.5x2.6x
Fri, 23 Aug 2024₫703.4t₫282.4t₫39.3t31.2x17.9x2.5x
Sun, 21 Jul 2024₫680.2t₫287.5t₫42.1t22.9x16.2x2.4x
Tue, 18 Jun 2024₫694.5t₫288.9t₫42.5t23.1x16.3x2.4x
Thu, 16 May 2024₫718.5t₫289.0t₫42.5t23.1x16.9x2.5x
Sat, 13 Apr 2024₫770.2t₫328.6t₫48.0t35.3x16.1x2.3x
Mon, 11 Mar 2024₫748.8t₫328.7t₫47.6t32.8x15.7x2.3x
Wed, 07 Feb 2024₫711.1t₫321.7t₫46.1t32.7x15.4x2.2x
Fri, 05 Jan 2024₫730.7t₫367.1t₫53.9t22.2x13.6x2x
Sun, 03 Dec 2023₫705.4t₫371.6t₫54.3t20.5x13x1.9x
Tue, 31 Oct 2023₫663.2t₫375.1t₫54.4t21.5x12.2x1.8x
Thu, 28 Sep 2023₫733.7t₫341.6t₫60.6t18.8x12.1x2.1x
Sat, 26 Aug 2023₫864.4t₫341.2t₫61.0t18.4x14.2x2.5x
Mon, 24 Jul 2023₫828.2t₫276.8t₫53.2t19.9x15.6x3x
Wed, 21 Jun 2023₫795.0t₫277.7t₫53.2t23.1x15x2.9x
Fri, 19 May 2023₫783.1t₫277.5t₫52.9t22.5x14.8x2.8x
Sun, 16 Apr 2023₫757.0t₫239.3t₫48.7t21.4x15.5x3.2x
Tue, 14 Mar 2023₫724.4t₫239.1t₫48.3t18.5x15x3x
Thu, 09 Feb 2023₫756.5t₫232.6t₫51.7t20.2x14.6x3.3x
Sat, 07 Jan 2023₫779.5t₫232.2t₫46.1t10.2x16.9x3.4x
Mon, 05 Dec 2022₫892.2t₫232.2t₫46.1t12.5x19.3x3.8x
Wed, 02 Nov 2022₫880.4t₫230.8t₫43.8t12.1x20.1x3.8x
Fri, 30 Sep 2022₫980.5t₫233.4t₫40.4t15.4x24.3x4.2x
Sun, 28 Aug 2022₫1113.0t₫233.7t₫42.4t19.2x26.3x4.8x
Tue, 26 Jul 2022₫1046.7t₫279.9t₫49.1t17x21.3x3.7x
Price to Earnings Ratio

21.3x


Total Market Cap: ₫1046.7tTotal Earnings: ₫49.1tTotal Revenue: ₫279.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Real Estate Industry Price to Earnings3Y Average 17.1x202320242025
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 Market3.05%
Real Estate10.87%
Real Estate10.87%
Diversified Real Estate15.75%
Real Estate Development7.95%
Real Estate Services6.98%
Real Estate Operating Companies4.04%
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?

CompanyLast Price7D1YValuation
VIC Vingroup₫119.00k10.2%
+₫40.9t
192.0%PE42.7x
VHM Vinhomes₫96.00k9.2%
+₫33.3t
153.6%PE11.7x
NVL No Va Land Investment Group₫16.95k12.3%
+₫3.6t
42.4%PS3.3x
DXG Dat Xanh Group₫19.45k14.1%
+₫2.4t
68.6%PE74.6x
CEO C.E.O Group₫22.60k20.9%
+₫2.1t
43.0%PE63.2x

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