Have your own idea? Try our Stock Screener
Vietnamese (HOSE) Utilities Sector Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies39
- 7D3.6%
- 3M49.6%
- 1Y45.5%
- YTD31.1%
The Utilities industry is up 5.8% in the last week, with Petrovietnam Gas up 7.3%. During this same period, the PetroVietnam Power Corporation - JSC underperformed, falling 5.8%. This means that the industry has gained 44% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Sector Valuation and Performance
Has the Vietnamese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | ₫439.3t | ₫269.4t | ₫22.4t | 10.8x | 19.7x | 1.6x |
| Sat, 27 Dec 2025 | ₫316.8t | ₫266.5t | ₫22.0t | 11x | 14.4x | 1.2x |
| Mon, 24 Nov 2025 | ₫298.2t | ₫265.7t | ₫21.8t | 11.5x | 13.7x | 1.1x |
| Wed, 22 Oct 2025 | ₫279.8t | ₫251.5t | ₫21.3t | 11.5x | 13.2x | 1.1x |
| Fri, 19 Sep 2025 | ₫306.3t | ₫251.1t | ₫21.1t | 13.1x | 14.5x | 1.2x |
| Sun, 17 Aug 2025 | ₫319.0t | ₫251.4t | ₫21.1t | 13.4x | 15.1x | 1.3x |
| Tue, 15 Jul 2025 | ₫308.9t | ₫251.4t | ₫17.7t | 12.8x | 17.4x | 1.2x |
| Thu, 12 Jun 2025 | ₫292.1t | ₫250.8t | ₫17.5t | 13.8x | 16.7x | 1.2x |
| Sat, 10 May 2025 | ₫290.5t | ₫250.8t | ₫17.5t | 13.2x | 16.6x | 1.2x |
| Mon, 07 Apr 2025 | ₫277.3t | ₫241.9t | ₫15.5t | 13.6x | 17.9x | 1.1x |
| Wed, 05 Mar 2025 | ₫309.2t | ₫233.4t | ₫15.6t | 14.6x | 19.8x | 1.3x |
| Fri, 31 Jan 2025 | ₫301.9t | ₫231.1t | ₫15.7t | 14.1x | 19.3x | 1.3x |
| Sun, 29 Dec 2024 | ₫306.5t | ₫229.7t | ₫18.0t | 15.3x | 17x | 1.3x |
| Tue, 26 Nov 2024 | ₫304.6t | ₫229.7t | ₫18.0t | 14.9x | 16.9x | 1.3x |
| Thu, 24 Oct 2024 | ₫309.8t | ₫226.1t | ₫17.6t | 15.5x | 17.6x | 1.4x |
| Sat, 21 Sep 2024 | ₫317.1t | ₫224.7t | ₫17.3t | 15.8x | 18.3x | 1.4x |
| Mon, 19 Aug 2024 | ₫339.8t | ₫224.6t | ₫17.3t | 16.9x | 19.7x | 1.5x |
| Wed, 17 Jul 2024 | ₫340.6t | ₫170.5t | ₫15.9t | 13.7x | 21.4x | 2x |
| Fri, 14 Jun 2024 | ₫339.6t | ₫170.5t | ₫15.9t | 13.8x | 21.3x | 2x |
| Sun, 12 May 2024 | ₫312.9t | ₫170.6t | ₫16.0t | 13x | 19.6x | 1.8x |
| Tue, 09 Apr 2024 | ₫322.8t | ₫169.6t | ₫18.0t | 12.7x | 18x | 1.9x |
| Thu, 07 Mar 2024 | ₫326.9t | ₫168.9t | ₫18.4t | 12.7x | 17.8x | 1.9x |
| Sat, 03 Feb 2024 | ₫312.5t | ₫171.1t | ₫18.9t | 11.9x | 16.5x | 1.8x |
| Mon, 01 Jan 2024 | ₫307.3t | ₫158.5t | ₫19.1t | 10.5x | 16.1x | 1.9x |
| Wed, 29 Nov 2023 | ₫307.3t | ₫158.5t | ₫19.1t | 10.4x | 16.1x | 1.9x |
| Fri, 27 Oct 2023 | ₫301.4t | ₫159.9t | ₫19.8t | 10.7x | 15.2x | 1.9x |
| Sun, 24 Sep 2023 | ₫349.4t | ₫161.9t | ₫20.6t | 9.5x | 17x | 2.2x |
| Tue, 22 Aug 2023 | ₫331.2t | ₫161.9t | ₫20.6t | 9.1x | 16.1x | 2x |
| Thu, 20 Jul 2023 | ₫336.3t | ₫166.1t | ₫23.2t | 9.6x | 14.5x | 2x |
| Sat, 17 Jun 2023 | ₫326.2t | ₫166.3t | ₫23.2t | 9.5x | 14x | 2x |
| Mon, 15 May 2023 | ₫316.6t | ₫166.2t | ₫23.2t | 9.1x | 13.7x | 1.9x |
| Wed, 12 Apr 2023 | ₫324.9t | ₫171.3t | ₫23.4t | 8.9x | 13.9x | 1.9x |
| Fri, 10 Mar 2023 | ₫336.9t | ₫171.5t | ₫23.1t | 8.7x | 14.6x | 2x |
| Sun, 05 Feb 2023 | ₫330.3t | ₫171.5t | ₫23.1t | 8.8x | 14.3x | 1.9x |
Price to Earnings Ratio
14.3x
Current Industry PE
- Investors are optimistic on the Vietnamese Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.4x which is higher than its 3-year average PE of 16.7x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Utilities 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 Utilities sector?
| VN Market | -4.10% | |
| Utilities | 3.57% | |
| Gas Utilities | 7.18% | |
| Electric Utilities | -1.05% | |
| Water Utilities | -1.46% | |
| Renewable Energy | -3.57% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 14.7x.
- Analysts are expecting annual earnings growth of 15.2%, which is higher than its past year's earnings decline of 11.0% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 17.0x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 3.5% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| GAS Petrovietnam Gas | ₫118.00k | 7.3% +₫19.3t | 79.0% | PE23.9x | |
| HNA Hua Na Hydropower | ₫22.40k | 1.8% +₫94.1b | -11.5% | PE11.1x | |
| NT2 PetroVietnam Power Nhon Trach 2 | ₫26.35k | 1.0% +₫72.0b | 34.4% | PE7.8x | |
| SHP Southern Hydropower | ₫34.65k | 1.9% +₫65.8b | -0.9% | PE10.7x | |
| VSH Vinh Son - Song Hinh Hydropower | ₫44.50k | 0.5% +₫47.2b | -10.6% | PE11.1x |