Airports of Vietnam (HSTC:ACV) Cyclically Adjusted Book per Share: ₫13,258.40 (As of Dec. 2025)


HSTC:ACV Airports Corp. of Vietnam HSTC:ACV
88 GF Score
Price ₫43,600.00
GF Value ₫106,861.29
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Airports of Vietnam Cyclically Adjusted Book per Share?

Airports of Vietnam HSTC:ACV -0.23% 88 Cyclically Adjusted Book per Share is ₫13,258.40 as of Dec. 2025. GuruFocus rates HSTC:ACV with a GF Score™ of 88/100 and a GF Value™ of ₫106,861.29 (Significantly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Airports of Vietnam's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was ₫19,253.514. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₫13,258.40 for the trailing ten years ended in Dec. 2025.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-07-04), Airports of Vietnam's current stock price is ₫ 43600.00. Airports of Vietnam's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was ₫13,258.40. Airports of Vietnam's Cyclically Adjusted PB Ratio of today is 3.29.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Airports of Vietnam was 4.68. The lowest was 3.30. And the median was 3.46.


Airports of Vietnam  (HSTC:ACV) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Airports of Vietnam's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=43600.00/13258.40
=3.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Airports of Vietnam was 4.68. The lowest was 3.30. And the median was 3.46.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Airports of Vietnam Cyclically Adjusted Book per Share Related Terms


Airports of Vietnam Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Airports of Vietnam's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Airports of Vietnam Cyclically Adjusted Book per Share Chart

Airports of Vietnam Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 13,258.40

Airports of Vietnam Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 13,258.40

HSTC:ACV vs JOBY, CAAP: Cyclically Adjusted Book per Share Comparison

For the Airports & Air Services subindustry, Airports of Vietnam's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Airports of Vietnam Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Airports of Vietnam's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Airports of Vietnam's Cyclically Adjusted PB Ratio falls into.


HSTC:ACV
88GF Score
Airports Corp. of Vietnam HSTC:ACV
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Airports of Vietnam Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Airports of Vietnam's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=19253.514/324.0540*324.0540
=19,253.514

Current CPI (Dec. 2025) = 324.0540.

Airports of Vietnam Annual Data

Book Value per Share CPI Adj_Book
201612 6,583.818 241.432 8,836.909
201712 7,629.267 246.524 10,028.616
201812 8,577.175 251.233 11,063.307
201912 10,244.224 256.974 12,918.357
202012 10,473.038 260.474 13,029.438
202112 10,497.500 278.802 12,201.336
202212 12,101.621 296.797 13,213.000
202312 14,056.048 306.746 14,849.154
202412 16,742.179 315.605 17,190.381
202512 19,253.514 324.054 19,253.514

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ₫13,258.40 mean?
Airports of Vietnam (HSTC:ACV) has a Cyclically Adjusted Book per Share of ₫13,258.40 as of Dec. 2025. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Airports of Vietnam and its competitors.
Is Airports of Vietnam's Cyclically Adjusted Book per Share too high?
Airports of Vietnam's current Cyclically Adjusted Book per Share is ₫13,258.40. Overall, Airports of Vietnam has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Airports of Vietnam's Cyclically Adjusted Book per Share compare to JOBY and CAAP?
Airports of Vietnam's Cyclically Adjusted Book per Share of ₫13,258.40 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Airports of Vietnam and its competitors. Airports of Vietnam's current Cyclically Adjusted Book per Share is ₫13,258.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports of Vietnam stock overvalued right now?
Based on GuruFocus' analysis, Airports of Vietnam (HSTC:ACV) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫106,861.29, compared to a current price of ₫43,600.00 — trading 59.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₫13,258.40. Airports of Vietnam's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Airports of Vietnam (HSTC:ACV), the current Cyclically Adjusted Book per Share is ₫13,258.40 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Airports of Vietnam (HSTC:ACV) Overvalued in 2026?

Based on GuruFocus' analysis, Airports of Vietnam stock appears to be undervalued. The current stock price of ₫43,600.00 is trading 59.2% below its estimated GF Value™ of ₫106,861.29. GuruFocus considers Airports of Vietnam to be Significantly Undervalued.

Key valuation signals for HSTC:ACV:

  • Cyclically Adjusted Book per Share: ₫13,258.40
  • GF Value™: ₫106,861.29 vs. price of ₫43,600.00 (59.2% below fair value)
  • GF Score™: 88/100 with 1 warning sign

No single metric tells the full story. See the HSTC:ACV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airports of Vietnam Business Description

Address No. 58 Truong Son, Ward 2, Tan Binh District, Ho Chi Minh, VNM
Airports Corp. of Vietnam is engaged in managing international and domestic airports. The company is involved in investment, management of capital investments, direct manufacturing at airports, and aerodromes; Provision of services of aviation safety; Supply of technical services, science and technology services both domestic and offshore areas; and other related activities.
88GF Score

Get the complete analysis for HSTC:ACV

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫43,600.00
Price
₫106,861.29
GF Value