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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedSep 15, 2026
DataAggregated Company Financials
Companies695
- 7D-1.9%
- 3M-1.5%
- 1Y5.8%
- YTD-0.4%
Over the last 7 days, the market has dropped 1.9%, driven by a decline of 2.4% in the Real Estate sector. In contrast, the Energy sector has actually gained 6.1%. As for the longer term, the market has actually risen by 5.8% in the last year. 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Sep 2026 | ₫8960.6t | ₫5183.5t | ₫725.5t | 9.6x | 12.4x | 1.7x |
| Thu, 13 Aug 2026 | ₫8973.9t | ₫5184.6t | ₫724.1t | 10.1x | 12.4x | 1.7x |
| Sat, 11 Jul 2026 | ₫9018.2t | ₫4678.5t | ₫641.7t | 11x | 14.1x | 1.9x |
| Mon, 08 Jun 2026 | ₫9065.5t | ₫4676.0t | ₫640.5t | 11.1x | 14.2x | 1.9x |
| Wed, 06 May 2026 | ₫9196.3t | ₫4584.4t | ₫637.2t | 11.6x | 14.4x | 2x |
| Fri, 03 Apr 2026 | ₫8355.9t | ₫4423.2t | ₫590.1t | 12x | 14.2x | 1.9x |
| Sun, 01 Mar 2026 | ₫9251.9t | ₫4426.6t | ₫593.0t | 12.3x | 15.6x | 2.1x |
| Tue, 27 Jan 2026 | ₫8949.1t | ₫4113.4t | ₫537.0t | 12.4x | 16.7x | 2.2x |
| Thu, 25 Dec 2025 | ₫8439.3t | ₫4055.1t | ₫518.7t | 12.4x | 16.3x | 2.1x |
| Sat, 22 Nov 2025 | ₫7690.5t | ₫4017.1t | ₫509.3t | 12.6x | 15.1x | 1.9x |
| Mon, 20 Oct 2025 | ₫7786.9t | ₫3840.3t | ₫481.8t | 14.1x | 16.2x | 2x |
| Wed, 17 Sep 2025 | ₫7483.7t | ₫3813.1t | ₫469.3t | 14.9x | 15.9x | 2x |
| Fri, 15 Aug 2025 | ₫7340.9t | ₫3802.2t | ₫467.4t | 15x | 15.7x | 1.9x |
| Sun, 13 Jul 2025 | ₫6478.2t | ₫3738.2t | ₫434.2t | 14.3x | 14.9x | 1.7x |
| Tue, 10 Jun 2025 | ₫5687.7t | ₫3692.6t | ₫432.6t | 13.8x | 13.1x | 1.5x |
| Thu, 08 May 2025 | ₫5439.1t | ₫3684.6t | ₫431.9t | 13.7x | 12.6x | 1.5x |
| Sat, 05 Apr 2025 | ₫5297.1t | ₫3514.5t | ₫423.5t | 13.3x | 12.5x | 1.5x |
| Mon, 03 Mar 2025 | ₫5695.2t | ₫3453.4t | ₫422.3t | 14.3x | 13.5x | 1.6x |
| Wed, 29 Jan 2025 | ₫5507.7t | ₫3265.9t | ₫408.7t | 14.1x | 13.5x | 1.7x |
| Fri, 27 Dec 2024 | ₫5466.0t | ₫3012.4t | ₫374.0t | 14.6x | 14.6x | 1.8x |
| Sun, 24 Nov 2024 | ₫5249.1t | ₫3011.4t | ₫374.0t | 13.6x | 14x | 1.7x |
| Tue, 22 Oct 2024 | ₫5474.0t | ₫2943.6t | ₫355.5t | 14.1x | 15.4x | 1.9x |
| Thu, 19 Sep 2024 | ₫5406.1t | ₫2919.0t | ₫361.4t | 14x | 15x | 1.9x |
| Sat, 17 Aug 2024 | ₫5364.9t | ₫2928.6t | ₫360.4t | 14.9x | 14.9x | 1.8x |
| Mon, 15 Jul 2024 | ₫5442.2t | ₫2918.9t | ₫319.5t | 16.3x | 17x | 1.9x |
| Wed, 12 Jun 2024 | ₫5471.5t | ₫2804.9t | ₫346.3t | 15.8x | 15.8x | 2x |
| Fri, 10 May 2024 | ₫5304.0t | ₫2811.0t | ₫342.2t | 14.7x | 15.5x | 1.9x |
| Sun, 07 Apr 2024 | ₫5328.2t | ₫2801.4t | ₫345.4t | 15.1x | 15.4x | 1.9x |
| Tue, 05 Mar 2024 | ₫5327.5t | ₫2803.8t | ₫341.9t | 14.6x | 15.6x | 1.9x |
| Thu, 01 Feb 2024 | ₫4953.0t | ₫2817.6t | ₫325.3t | 13.6x | 15.2x | 1.8x |
| Sat, 30 Dec 2023 | ₫4816.2t | ₫2837.4t | ₫327.1t | 13.4x | 14.7x | 1.7x |
| Mon, 27 Nov 2023 | ₫4670.1t | ₫2818.9t | ₫320.0t | 12.8x | 14.6x | 1.7x |
| Wed, 25 Oct 2023 | ₫4679.1t | ₫2752.4t | ₫319.0t | 13.7x | 14.7x | 1.7x |
| Fri, 22 Sep 2023 | ₫5130.3t | ₫2747.7t | ₫321.3t | 14.1x | 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 12.4x which is lower than its 3-year average PE of 14.7x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 31% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -1.90% | |
| Energy | 6.11% | |
| Utilities | 1.39% | |
| Tech | 0.46% | |
| Consumer Staples | -1.50% | |
| Consumer Discretionary | -1.58% | |
| Financials | -1.75% | |
| Real Estate | -2.42% | |
| Healthcare | -3.10% | |
| Industrials | -4.01% | |
| Materials | -4.38% | |
| Telecom | -6.91% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 56.0% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 33% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 14% 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 | |
|---|---|---|---|---|---|---|
| BSR Petrovietnam Refining and Petrochemical | ₫28.50k | 8.4% +₫11.0t | 63.8% | PE7.2x | Energy | |
| GAS Petrovietnam Gas | ₫85.70k | 3.5% +₫7.0t | 35.6% | PE16.4x | Utilities | |
| SSB Southeast Asia Commercial Bank | ₫19.55k | 9.5% +₫5.8t | 18.7% | PB1.6x | Financials | |
| VPL Vinpearl | ₫84.20k | 3.8% +₫5.8t | 4.9% | PE53x | Consumer Discretionary | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫58.50k | 0.9% +₫4.2t | -11.1% | PB2x | Financials |
