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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedMar 05, 2026
DataAggregated Company Financials
Companies700
- 7D-2.3%
- 3M4.9%
- 1Y37.8%
- YTD2.0%
Over the last 7 days, the market has dropped 2.8%, driven by pullbacks in the Real Estate and Financials sectors of 7.3% and 4.1%, respectively. Meanwhile, the Energy sector has outperformed, gaining 22% in that time. In the last year, the market is actually up 37%. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Mar 2026 | ₫8954.0t | ₫4426.6t | ₫593.0t | 12.3x | 15.1x | 2x |
| Sat, 31 Jan 2026 | ₫8916.4t | ₫4134.5t | ₫547.9t | 12.2x | 16.3x | 2.2x |
| Mon, 29 Dec 2025 | ₫8421.9t | ₫4054.9t | ₫518.7t | 12.3x | 16.2x | 2.1x |
| Wed, 26 Nov 2025 | ₫7707.9t | ₫4015.6t | ₫509.3t | 12.4x | 15.1x | 1.9x |
| Fri, 24 Oct 2025 | ₫7703.8t | ₫3863.5t | ₫491.6t | 13.9x | 15.7x | 2x |
| Sun, 21 Sep 2025 | ₫7392.5t | ₫3808.3t | ₫469.4t | 14.8x | 15.7x | 1.9x |
| Tue, 19 Aug 2025 | ₫7328.9t | ₫3802.6t | ₫467.4t | 15x | 15.7x | 1.9x |
| Thu, 17 Jul 2025 | ₫6556.0t | ₫3738.6t | ₫434.2t | 14.4x | 15.1x | 1.8x |
| Sat, 14 Jun 2025 | ₫5711.3t | ₫3692.5t | ₫432.7t | 13.9x | 13.2x | 1.5x |
| Mon, 12 May 2025 | ₫5507.0t | ₫3678.5t | ₫431.8t | 13.8x | 12.8x | 1.5x |
| Wed, 09 Apr 2025 | ₫4951.8t | ₫3526.7t | ₫422.8t | 12.7x | 11.7x | 1.4x |
| Fri, 07 Mar 2025 | ₫5743.8t | ₫3458.4t | ₫422.0t | 14.5x | 13.6x | 1.7x |
| Sun, 02 Feb 2025 | ₫5503.1t | ₫3333.1t | ₫407.0t | 14x | 13.5x | 1.7x |
| Tue, 31 Dec 2024 | ₫5460.0t | ₫3005.6t | ₫372.3t | 14.3x | 14.7x | 1.8x |
| Thu, 28 Nov 2024 | ₫5310.1t | ₫3009.9t | ₫374.0t | 13.8x | 14.2x | 1.8x |
| Sat, 26 Oct 2024 | ₫5365.4t | ₫2948.2t | ₫356.4t | 13.8x | 15.1x | 1.8x |
| Mon, 23 Sep 2024 | ₫5437.7t | ₫2928.3t | ₫361.6t | 14.2x | 15x | 1.9x |
| Wed, 21 Aug 2024 | ₫5448.3t | ₫2928.1t | ₫360.4t | 15.1x | 15.1x | 1.9x |
| Fri, 19 Jul 2024 | ₫5428.0t | ₫2909.9t | ₫319.0t | 16.3x | 17x | 1.9x |
| Sun, 16 Jun 2024 | ₫5426.1t | ₫2804.8t | ₫346.3t | 15.8x | 15.7x | 1.9x |
| Tue, 14 May 2024 | ₫5273.0t | ₫2811.7t | ₫344.1t | 14.6x | 15.3x | 1.9x |
| Thu, 11 Apr 2024 | ₫5343.3t | ₫2804.0t | ₫342.9t | 14.9x | 15.6x | 1.9x |
| Sat, 09 Mar 2024 | ₫5289.6t | ₫2810.5t | ₫344.4t | 15x | 15.4x | 1.9x |
| Mon, 05 Feb 2024 | ₫4993.0t | ₫2824.7t | ₫332.9t | 14.1x | 15x | 1.8x |
| Wed, 03 Jan 2024 | ₫4819.8t | ₫2818.8t | ₫322.4t | 13.3x | 14.9x | 1.7x |
| Fri, 01 Dec 2023 | ₫4663.5t | ₫2819.0t | ₫320.1t | 12.9x | 14.6x | 1.7x |
| Sun, 29 Oct 2023 | ₫4513.3t | ₫2781.4t | ₫313.7t | 13x | 14.4x | 1.6x |
| Tue, 26 Sep 2023 | ₫4874.4t | ₫2743.9t | ₫320.3t | 13.9x | 15.2x | 1.8x |
| Thu, 24 Aug 2023 | ₫4936.0t | ₫2739.8t | ₫321.8t | 13.8x | 15.3x | 1.8x |
| Sat, 22 Jul 2023 | ₫4969.6t | ₫2725.2t | ₫318.8t | 13.4x | 15.6x | 1.8x |
| Mon, 19 Jun 2023 | ₫4681.8t | ₫2730.2t | ₫315.4t | 12.7x | 14.8x | 1.7x |
| Wed, 17 May 2023 | ₫4473.1t | ₫2724.3t | ₫320.9t | 12x | 13.9x | 1.6x |
| Fri, 14 Apr 2023 | ₫4464.5t | ₫2791.7t | ₫343.2t | 11.1x | 13x | 1.6x |
| Sun, 12 Mar 2023 | ₫4449.7t | ₫2790.9t | ₫344.4t | 10.3x | 12.9x | 1.6x |
Price to Earnings Ratio
12.9x
Current Market PE
- Investors are relatively neutral on the Vietnamese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Vietnamese Market?
| VN Market | -2.29% | |
| Energy | 24.18% | |
| Utilities | 11.71% | |
| Healthcare | -1.09% | |
| Materials | -1.36% | |
| Consumer Staples | -1.79% | |
| Telecom | -3.49% | |
| Financials | -3.78% | |
| Consumer Discretionary | -4.72% | |
| Industrials | -4.82% | |
| Real Estate | -5.06% | |
| Tech | -5.18% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 22.6x.
- Analysts are expecting annual earnings growth of 7.9%, which is lower than the prior year's growth of 14.8% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 26.6x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Energy sector is expected to see its earnings grow by 7.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| GAS Petrovietnam Gas | ₫128.70k | 17.0% +₫45.1t | 93.8% | PE27.2x | Utilities | |
| BSR Binh Son Refining and Petrochemical | ₫37.85k | 29.0% +₫42.6t | 204.9% | PE36.6x | Energy | |
| MCH Masan Consumer | ₫160.00k | 8.8% +₫16.8t | n/a | PE31.1x | Consumer Staples | |
| PLX Vietnam National Petroleum Group | ₫69.50k | 19.8% +₫14.6t | 58.9% | PE32.8x | Energy | |
| GVR Vietnam Rubber Group - | ₫43.60k | 3.3% +₫5.6t | 32.1% | PE30.1x | Materials |