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Vietnamese (HOSE) Utilities Sector Analysis
UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies40
- 7D-1.2%
- 3M44.6%
- 1Y42.9%
- YTD28.9%
Over the last 7 days, the Utilities industry has dropped 1.2%, driven by a pullback from Petrovietnam Gas of 1.7%. In the past year, the industry has gained 43%. As for the next few years, earnings are expected to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | ₫434.3t | ₫287.4t | ₫22.3t | 11.3x | 19.5x | 1.5x |
| Tue, 06 Jan 2026 | ₫334.9t | ₫266.5t | ₫22.0t | 11.1x | 15.2x | 1.3x |
| Thu, 04 Dec 2025 | ₫304.1t | ₫265.7t | ₫21.8t | 11.3x | 13.9x | 1.1x |
| Sat, 01 Nov 2025 | ₫298.5t | ₫251.9t | ₫21.6t | 11.8x | 13.8x | 1.2x |
| Mon, 29 Sep 2025 | ₫303.5t | ₫251.1t | ₫21.1t | 12.5x | 14.4x | 1.2x |
| Wed, 27 Aug 2025 | ₫318.4t | ₫251.1t | ₫21.1t | 13.4x | 15.1x | 1.3x |
| Fri, 25 Jul 2025 | ₫311.7t | ₫251.3t | ₫18.1t | 13.8x | 17.3x | 1.2x |
| Sun, 22 Jun 2025 | ₫308.2t | ₫250.8t | ₫17.5t | 13.4x | 17.6x | 1.2x |
| Tue, 20 May 2025 | ₫290.1t | ₫250.8t | ₫17.5t | 13.6x | 16.5x | 1.2x |
| Thu, 17 Apr 2025 | ₫278.0t | ₫243.3t | ₫15.5t | 13.3x | 17.9x | 1.1x |
| Sat, 15 Mar 2025 | ₫304.4t | ₫233.6t | ₫15.5t | 14.2x | 19.7x | 1.3x |
| Mon, 10 Feb 2025 | ₫302.9t | ₫231.1t | ₫15.8t | 13.4x | 19.1x | 1.3x |
| Wed, 08 Jan 2025 | ₫299.1t | ₫229.7t | ₫18.0t | 16x | 16.6x | 1.3x |
| Fri, 06 Dec 2024 | ₫304.9t | ₫229.7t | ₫18.0t | 15x | 16.9x | 1.3x |
| Sun, 03 Nov 2024 | ₫306.5t | ₫226.1t | ₫17.6t | 15.3x | 17.4x | 1.4x |
| Tue, 01 Oct 2024 | ₫318.9t | ₫224.7t | ₫17.3t | 16.2x | 18.4x | 1.4x |
| Thu, 29 Aug 2024 | ₫342.3t | ₫224.7t | ₫17.3t | 17.2x | 19.8x | 1.5x |
| Sat, 27 Jul 2024 | ₫331.2t | ₫171.0t | ₫15.6t | 16.5x | 21.3x | 1.9x |
| Mon, 24 Jun 2024 | ₫340.6t | ₫170.5t | ₫15.9t | 13.9x | 21.4x | 2x |
| Wed, 22 May 2024 | ₫318.6t | ₫170.6t | ₫16.0t | 13.6x | 19.9x | 1.9x |
| Fri, 19 Apr 2024 | ₫309.3t | ₫169.9t | ₫17.8t | 12.9x | 17.4x | 1.8x |
| Sun, 17 Mar 2024 | ₫331.0t | ₫168.9t | ₫18.2t | 12.9x | 18.2x | 2x |
| Tue, 13 Feb 2024 | ₫313.2t | ₫169.2t | ₫18.5t | 11.9x | 16.9x | 1.9x |
| Thu, 11 Jan 2024 | ₫309.9t | ₫158.5t | ₫19.1t | 10.8x | 16.3x | 2x |
| Sat, 09 Dec 2023 | ₫313.8t | ₫158.5t | ₫19.1t | 10.7x | 16.4x | 2x |
| Mon, 06 Nov 2023 | ₫309.7t | ₫158.5t | ₫19.1t | 10x | 16.2x | 2x |
| Wed, 04 Oct 2023 | ₫343.6t | ₫161.9t | ₫20.6t | 9.6x | 16.7x | 2.1x |
| Fri, 01 Sep 2023 | ₫335.6t | ₫161.9t | ₫20.6t | 9.2x | 16.3x | 2.1x |
| Sun, 30 Jul 2023 | ₫340.0t | ₫164.8t | ₫23.1t | 9.7x | 14.7x | 2.1x |
| Tue, 27 Jun 2023 | ₫328.4t | ₫166.3t | ₫23.2t | 9.7x | 14.1x | 2x |
| Thu, 25 May 2023 | ₫318.4t | ₫166.2t | ₫23.2t | 9.3x | 13.7x | 1.9x |
| Sat, 22 Apr 2023 | ₫313.6t | ₫171.2t | ₫23.5t | 8.8x | 13.4x | 1.8x |
| Mon, 20 Mar 2023 | ₫331.3t | ₫171.5t | ₫23.3t | 8.7x | 14.2x | 1.9x |
| Wed, 15 Feb 2023 | ₫330.9t | ₫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 19.5x 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 19% 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 | -3.91% | |
| Utilities | -1.23% | |
| Electric Utilities | 2.19% | |
| Renewable Energy | -1.18% | |
| Gas Utilities | -1.69% | |
| Water Utilities | -2.29% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 14.8x.
- Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings decline of 10.7% 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 28% over the next 5 years.
- This is better than its past earnings growth rate of 5.1% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| PGV Power Generation Corporation 3 | ₫24.25k | 3.2% +₫842.6b | 23.1% | PE38x | |
| NT2 PetroVietnam Power Nhon Trach 2 | ₫26.75k | 1.7% +₫129.5b | 34.8% | PE7.9x | |
| TDM Thu Dau Mot Water | ₫57.90k | 1.9% +₫122.2b | 8.2% | PE33.3x | |
| GDW Gia Dinh Water Supply | ₫42.80k | 18.9% +₫64.6b | 34.2% | PE10.1x | |
| SHP Southern Hydropower | ₫34.80k | 0.7% +₫25.3b | -0.6% | PE10.7x |