Vietnamese (HOSE) Electric Utilities Industry Analysis

UpdatedDec 16, 2025

DataAggregated Company Financials

Companies10

7D-2.2%
3M-6.1%
1Y0.07%
YTD-3.9%

Over the last 7 days, the Electric Utilities industry has dropped 1.9%, driven by pullbacks in PetroVietnam Power Nhon Trach 2 and Power Generation Corporation 3 of 5.0% and 1.5%, respectively. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the Vietnamese Electric Utilities Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 16 Dec 2025	₫36.7t	₫69.6t	₫2.1t	10.4x	17.8x	0.5x
Thu, 13 Nov 2025	₫37.5t	₫68.8t	₫1.9t	11.5x	19.9x	0.5x
Sat, 11 Oct 2025	₫38.9t	₫66.9t	₫2.0t	14.6x	19.9x	0.6x
Mon, 08 Sep 2025	₫38.8t	₫66.9t	₫2.0t	14.4x	19.8x	0.6x
Wed, 06 Aug 2025	₫38.2t	₫67.2t	₫2.0t	14.1x	19.6x	0.6x
Fri, 04 Jul 2025	₫35.8t	₫68.3t	₫661.0b	12.3x	54.1x	0.5x
Sun, 01 Jun 2025	₫35.9t	₫68.3t	₫665.6b	13.4x	54x	0.5x
Tue, 29 Apr 2025	₫35.0t	₫67.4t	-₫78,195,670,018.00	12.4x	-447.3x	0.5x
Thu, 27 Mar 2025	₫37.8t	₫66.9t	-₫309,193,542,236.00	12.5x	-122.4x	0.6x
Sat, 22 Feb 2025	₫37.9t	₫59.1t	-₫221,877,165,823.00	12.2x	-171x	0.6x
Mon, 20 Jan 2025	₫37.4t	₫60.6t	₫1.6t	22.5x	22.8x	0.6x
Wed, 18 Dec 2024	₫36.5t	₫60.6t	₫1.6t	22.1x	22.2x	0.6x
Fri, 15 Nov 2024	₫35.9t	₫60.6t	₫1.6t	22.4x	21.9x	0.6x
Sun, 13 Oct 2024	₫38.1t	₫59.5t	₫1.6t	18.3x	23.9x	0.6x
Tue, 10 Sep 2024	₫38.6t	₫59.5t	₫1.6t	18.3x	24.1x	0.6x
Thu, 08 Aug 2024	₫39.3t	₫59.5t	₫1.6t	18.2x	24.6x	0.7x
Sat, 06 Jul 2024	₫43.6t	₫13.0t	₫639.9b	11.6x	68.2x	3.3x
Mon, 03 Jun 2024	₫40.5t	₫13.0t	₫639.9b	11.8x	63.2x	3.1x
Wed, 01 May 2024	₫36.8t	₫13.0t	₫639.9b	11.4x	57.5x	2.8x
Fri, 29 Mar 2024	₫39.6t	₫13.9t	₫984.1b	13.9x	40.3x	2.8x
Sun, 25 Feb 2024	₫41.4t	₫13.9t	₫984.1b	15.1x	42.1x	3x
Tue, 23 Jan 2024	₫41.6t	₫13.8t	₫1.1t	11.3x	38.7x	3x
Thu, 21 Dec 2023	₫42.2t	₫14.6t	₫938.2b	13.5x	44.9x	2.9x
Sat, 18 Nov 2023	₫39.7t	₫14.6t	₫938.2b	13.5x	42.3x	2.7x
Mon, 16 Oct 2023	₫43.5t	₫15.1t	₫1.4t	8.2x	31.5x	2.9x
Wed, 13 Sep 2023	₫49.0t	₫15.1t	₫1.4t	9.3x	35.5x	3.2x
Fri, 11 Aug 2023	₫50.5t	₫15.1t	₫1.4t	8.7x	36.6x	3.3x
Sun, 09 Jul 2023	₫45.8t	₫15.8t	₫1.5t	9.6x	30.4x	2.9x
Tue, 06 Jun 2023	₫47.3t	₫15.8t	₫1.5t	10.1x	31.3x	3x
Thu, 04 May 2023	₫39.4t	₫15.8t	₫1.5t	9.5x	26.1x	2.5x
Sat, 01 Apr 2023	₫37.7t	₫15.2t	₫1.3t	9.8x	28.3x	2.5x
Mon, 27 Feb 2023	₫37.7t	₫15.2t	₫1.2t	11x	32x	2.5x
Wed, 25 Jan 2023	₫38.2t	₫15.2t	₫1.2t	11x	31.8x	2.5x
Fri, 23 Dec 2022	₫36.0t	₫14.2t	₫1.3t	9.3x	27.3x	2.5x

Price to Earnings Ratio

27.3x

Fri, 23 Dec 2022

Current Industry PE

Investors are optimistic on the Vietnamese Electric Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 17.8x which is higher than its 3-year average PE of 13.9x.

The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 0.53x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 16% per year over the last three years.
Revenues for these companies have grown 70% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.