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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies695
- 7D-3.2%
- 3M-4.7%
- 1Y17.0%
- YTD-2.4%
Over the last 7 days, the market has dropped 3.2%, driven by a decline of 3.9% in the Financials sector. As for the longer term, the market has actually risen by 17% in the last year. Earnings are forecast to grow by 20% annually.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | ₫8559.2t | ₫4695.8t | ₫646.9t | 10.5x | 13.2x | 1.8x |
| Fri, 19 Jun 2026 | ₫9058.5t | ₫4682.9t | ₫641.4t | 11.2x | 14.1x | 1.9x |
| Sun, 17 May 2026 | ₫9419.8t | ₫4667.9t | ₫640.1t | 11.4x | 14.7x | 2x |
| Tue, 14 Apr 2026 | ₫8649.2t | ₫4430.5t | ₫587.4t | 12.1x | 14.7x | 2x |
| Thu, 12 Mar 2026 | ₫8508.6t | ₫4428.0t | ₫593.6t | 11.9x | 14.3x | 1.9x |
| Sat, 07 Feb 2026 | ₫8642.2t | ₫4411.2t | ₫590.4t | 11.9x | 14.6x | 2x |
| Mon, 05 Jan 2026 | ₫8680.6t | ₫4053.8t | ₫518.7t | 12.3x | 16.7x | 2.1x |
| Wed, 03 Dec 2025 | ₫7945.3t | ₫4015.9t | ₫509.4t | 12.5x | 15.6x | 2x |
| Fri, 31 Oct 2025 | ₫7638.3t | ₫3877.7t | ₫493.0t | 13.7x | 15.5x | 2x |
| Sun, 28 Sep 2025 | ₫7399.2t | ₫3812.2t | ₫469.8t | 14.6x | 15.8x | 1.9x |
| Tue, 26 Aug 2025 | ₫7209.7t | ₫3799.6t | ₫468.1t | 14.2x | 15.4x | 1.9x |
| Thu, 24 Jul 2025 | ₫6721.2t | ₫3749.8t | ₫438.0t | 14.8x | 15.3x | 1.8x |
| Sat, 21 Jun 2025 | ₫5849.2t | ₫3693.3t | ₫432.8t | 13.9x | 13.5x | 1.6x |
| Mon, 19 May 2025 | ₫5633.3t | ₫3681.2t | ₫432.4t | 14.1x | 13x | 1.5x |
| Wed, 16 Apr 2025 | ₫5347.5t | ₫3562.3t | ₫417.6t | 13.4x | 12.8x | 1.5x |
| Fri, 14 Mar 2025 | ₫5780.6t | ₫3466.6t | ₫423.1t | 14.4x | 13.7x | 1.7x |
| Sun, 09 Feb 2025 | ₫5563.6t | ₫3384.9t | ₫415.2t | 13.9x | 13.4x | 1.6x |
| Tue, 07 Jan 2025 | ₫5349.8t | ₫3006.8t | ₫372.4t | 13.9x | 14.4x | 1.8x |
| Thu, 05 Dec 2024 | ₫5305.4t | ₫3011.7t | ₫374.0t | 13.9x | 14.2x | 1.8x |
| Sat, 02 Nov 2024 | ₫5372.3t | ₫2988.2t | ₫374.7t | 14.1x | 14.3x | 1.8x |
| Mon, 30 Sep 2024 | ₫5518.8t | ₫2934.9t | ₫361.5t | 14.3x | 15.3x | 1.9x |
| Wed, 28 Aug 2024 | ₫5487.3t | ₫2933.0t | ₫360.7t | 14.9x | 15.2x | 1.9x |
| Fri, 26 Jul 2024 | ₫5273.8t | ₫2933.4t | ₫324.3t | 15.3x | 16.3x | 1.8x |
| Sun, 23 Jun 2024 | ₫5436.5t | ₫2924.1t | ₫320.7t | 16.1x | 17x | 1.9x |
| Tue, 21 May 2024 | ₫5429.2t | ₫2812.7t | ₫346.4t | 15.1x | 15.7x | 1.9x |
| Thu, 18 Apr 2024 | ₫5073.7t | ₫2804.2t | ₫341.7t | 14.5x | 14.8x | 1.8x |
| Sat, 16 Mar 2024 | ₫5352.0t | ₫2810.6t | ₫346.2t | 15x | 15.5x | 1.9x |
| Mon, 12 Feb 2024 | ₫5073.9t | ₫2797.9t | ₫338.8t | 14.1x | 15x | 1.8x |
| Wed, 10 Jan 2024 | ₫4929.0t | ₫2819.4t | ₫322.4t | 13.6x | 15.3x | 1.7x |
| Fri, 08 Dec 2023 | ₫4778.6t | ₫2819.0t | ₫320.1t | 13.4x | 14.9x | 1.7x |
| Sun, 05 Nov 2023 | ₫4589.1t | ₫2772.7t | ₫315.0t | 12.7x | 14.6x | 1.7x |
| Tue, 03 Oct 2023 | ₫4889.8t | ₫2739.9t | ₫320.2t | 13.9x | 15.3x | 1.8x |
| Thu, 31 Aug 2023 | ₫5109.3t | ₫2740.2t | ₫321.9t | 14.2x | 15.9x | 1.9x |
| Sat, 29 Jul 2023 | ₫5060.4t | ₫2701.9t | ₫315.4t | 13.9x | 16x | 1.9x |
Price to Earnings Ratio
16x
Current Market PE
- Investors are pessimistic on the Vietnamese market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 13.4x which is lower than its 3-year average PE of 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 27% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -4.28% | |
| Consumer Staples | -0.99% | |
| Real Estate | -2.10% | |
| Healthcare | -2.96% | |
| Financials | -4.39% | |
| Consumer Discretionary | -4.46% | |
| Industrials | -6.35% | |
| Telecom | -7.39% | |
| Materials | -7.75% | |
| Tech | -7.78% | |
| Utilities | -8.52% | |
| Energy | -12.94% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 20.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 23.1% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 27% 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 6.3% 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 | |
|---|---|---|---|---|---|---|
| LPB Fortune Vietnam Commercial Bank | ₫54.60k | 6.0% +₫9.3t | 52.1% | PB3.8x | Financials | |
| VNM Vietnam Dairy Products | ₫58.40k | 4.3% +₫5.0t | -3.0% | PE13.3x | Consumer Staples | |
| STB Saigon Treasure Commercial Bank | ₫72.70k | 3.3% +₫4.3t | 46.9% | PB2.2x | Financials | |
| KSF Sunshine Group | ₫79.50k | 2.4% +₫1.7t | 19.5% | PE8.2x | Real Estate | |
| NVL No Va Land Investment Group | ₫12.60k | 3.3% +₫960.8b | -20.1% | PE9.8x | Real Estate |
Market Insights
Last Week
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