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Vietnamese (HOSE) Utilities Sector Analysis
UpdatedMar 15, 2026
DataAggregated Company Financials
Companies40
- 7D-12.5%
- 3M29.3%
- 1Y24.0%
- YTD12.5%
Over the last 7 days, the Utilities industry has dropped 12%, driven by Petrovietnam Gas declining 18%. On the other hand Gia Lai Electricity is actually up 9.1%. In the past year, the industry has gained 24%. Earnings are forecast to grow by 18% annually.
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, 15 Mar 2026 | ₫382.9t | ₫287.5t | ₫22.1t | 11.5x | 17.4x | 1.3x |
| Tue, 10 Feb 2026 | ₫436.6t | ₫287.4t | ₫22.3t | 11.6x | 19.6x | 1.5x |
| Thu, 08 Jan 2026 | ₫366.7t | ₫266.5t | ₫22.0t | 11.5x | 16.7x | 1.4x |
| Sat, 06 Dec 2025 | ₫303.3t | ₫265.7t | ₫21.8t | 11.2x | 13.9x | 1.1x |
| Mon, 03 Nov 2025 | ₫298.5t | ₫262.7t | ₫21.9t | 11.5x | 13.6x | 1.1x |
| Wed, 01 Oct 2025 | ₫298.0t | ₫251.1t | ₫21.1t | 12.3x | 14.1x | 1.2x |
| Fri, 29 Aug 2025 | ₫308.9t | ₫251.1t | ₫21.1t | 12.8x | 14.6x | 1.2x |
| Sun, 27 Jul 2025 | ₫311.5t | ₫251.3t | ₫18.1t | 13.6x | 17.3x | 1.2x |
| Tue, 24 Jun 2025 | ₫315.2t | ₫250.8t | ₫17.5t | 13.1x | 18x | 1.3x |
| Thu, 22 May 2025 | ₫289.5t | ₫250.8t | ₫17.5t | 13.5x | 16.5x | 1.2x |
| Sat, 19 Apr 2025 | ₫280.1t | ₫243.4t | ₫15.5t | 13.3x | 18x | 1.2x |
| Mon, 17 Mar 2025 | ₫304.4t | ₫233.5t | ₫15.4t | 14.2x | 19.8x | 1.3x |
| Wed, 12 Feb 2025 | ₫301.8t | ₫231.1t | ₫15.8t | 13.7x | 19.1x | 1.3x |
| Fri, 10 Jan 2025 | ₫300.0t | ₫229.7t | ₫18.0t | 16x | 16.6x | 1.3x |
| Sun, 08 Dec 2024 | ₫305.8t | ₫229.7t | ₫18.0t | 15x | 17x | 1.3x |
| Tue, 05 Nov 2024 | ₫304.9t | ₫229.6t | ₫18.1t | 15x | 16.9x | 1.3x |
| Thu, 03 Oct 2024 | ₫318.6t | ₫224.7t | ₫17.3t | 16x | 18.4x | 1.4x |
| Sat, 31 Aug 2024 | ₫341.0t | ₫224.7t | ₫17.3t | 17.1x | 19.7x | 1.5x |
| Mon, 29 Jul 2024 | ₫331.2t | ₫171.0t | ₫15.6t | 16.5x | 21.3x | 1.9x |
| Wed, 26 Jun 2024 | ₫336.4t | ₫170.5t | ₫15.9t | 14x | 21.1x | 2x |
| Fri, 24 May 2024 | ₫327.5t | ₫170.6t | ₫16.0t | 13.4x | 20.5x | 1.9x |
| Sun, 21 Apr 2024 | ₫306.8t | ₫170.6t | ₫17.8t | 12.9x | 17.2x | 1.8x |
| Tue, 19 Mar 2024 | ₫324.8t | ₫168.9t | ₫18.2t | 12.8x | 17.9x | 1.9x |
| Thu, 15 Feb 2024 | ₫313.2t | ₫168.9t | ₫18.4t | 11.9x | 17.1x | 1.9x |
| Sat, 13 Jan 2024 | ₫308.1t | ₫158.5t | ₫19.1t | 10.7x | 16.2x | 1.9x |
| Mon, 11 Dec 2023 | ₫313.8t | ₫158.5t | ₫19.1t | 10.7x | 16.4x | 2x |
| Wed, 08 Nov 2023 | ₫309.5t | ₫158.5t | ₫19.1t | 9.8x | 16.2x | 2x |
| Fri, 06 Oct 2023 | ₫343.6t | ₫161.9t | ₫20.6t | 9.3x | 16.7x | 2.1x |
| Sun, 03 Sep 2023 | ₫335.6t | ₫161.9t | ₫20.6t | 9.2x | 16.3x | 2.1x |
| Tue, 01 Aug 2023 | ₫344.8t | ₫165.8t | ₫22.8t | 9.7x | 15.1x | 2.1x |
| Thu, 29 Jun 2023 | ₫329.1t | ₫166.3t | ₫23.2t | 9.6x | 14.2x | 2x |
| Sat, 27 May 2023 | ₫321.4t | ₫166.2t | ₫23.2t | 9.5x | 13.9x | 1.9x |
| Mon, 24 Apr 2023 | ₫313.6t | ₫171.3t | ₫23.5t | 8.8x | 13.3x | 1.8x |
| Wed, 22 Mar 2023 | ₫329.4t | ₫171.5t | ₫23.3t | 8.8x | 14.1x | 1.9x |
Price to Earnings Ratio
14.1x
Current Industry PE
- Investors are relatively neutral on the Vietnamese Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.9x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
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 | -3.97% | |
| Utilities | -12.48% | |
| Electric Utilities | -2.94% | |
| Water Utilities | -3.37% | |
| Renewable Energy | -3.54% | |
| Gas Utilities | -17.97% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 15.1x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings decline of 9.0% 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 28% over the next 5 years.
- This is better than its past earnings growth rate of 5.1% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| GEG Gia Lai Electricity | ₫16.75k | 9.1% +₫501.6b | 24.5% | PE9.7x | |
| POW PetroVietnam Power Corporation - JSC | ₫13.30k | -8.6% ₫254.1b | 31.9% | PE17.4x | |
| PPC Pha Lai Thermal Power | ₫10.65k | 4.4% +₫144.3b | -7.8% | PE20.1x | |
| DTK Vinacomin - Power Holding | ₫11.70k | 1.7% +₫137.4b | -9.3% | PE12.3x | |
| TTA Truong Thanh Development and Construction Investment | ₫11.30k | 2.7% +₫53.6b | -6.9% | PE9.8x |