Vingroup JSC (STC:VIC) Cyclically Adjusted Book per Share: ₫13,735.22 (As of Mar. 2026)


STC:VIC Vingroup JSC STC:VIC
82 GF Score
Price ₫220,000.00
GF Value ₫59,003.65
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Vingroup JSC Cyclically Adjusted Book per Share?

Vingroup JSC STC:VIC +1.29% 82 Cyclically Adjusted Book per Share is ₫13,735.22 as of Mar. 2026. GuruFocus rates STC:VIC with a GF Score™ of 82/100 and a GF Value™ of ₫59,003.65 (Significantly Overvalued). The stock has 10 warning signs 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.

Vingroup JSC's adjusted book value per share for the three months ended in Mar. 2026 was ₫19,766.632. 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 ₫13,735.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vingroup JSC's average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.60% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Vingroup JSC was 22.20% per year. The lowest was 17.10% per year. And the median was 19.00% per year.

As of today (2026-07-01), Vingroup JSC's current stock price is ₫220000.00. Vingroup JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₫13,735.22. Vingroup JSC's Cyclically Adjusted PB Ratio of today is 16.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vingroup JSC was 16.60. The lowest was 1.77. And the median was 4.15.


Vingroup JSC  (STC:VIC) 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.

Vingroup JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=220000.00/13735.22
=16.02

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Vingroup JSC was 16.60. The lowest was 1.77. And the median was 4.15.


Be Aware

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


Vingroup JSC Cyclically Adjusted Book per Share Related Terms


Vingroup JSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Vingroup JSC'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.

Vingroup JSC Cyclically Adjusted Book per Share Chart

Vingroup JSC 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 6,750.81 8,169.48 9,696.79 11,372.24 13,125.84

Vingroup JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11,894.55 12,334.79 12,787.36 13,125.84 13,735.22

STC:VIC vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, Vingroup JSC'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.


Vingroup JSC Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Vingroup JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vingroup JSC's Cyclically Adjusted PB Ratio falls into.


STC:VIC
82GF Score
Vingroup JSC STC:VIC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vingroup JSC 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, Vingroup JSC's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19766.632/330.2130*330.2130
=19,766.632

Current CPI (Mar. 2026) = 330.2130.

Vingroup JSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,946.615 241.018 5,407.163
201609 3,897.840 241.428 5,331.268
201612 4,160.364 241.432 5,690.241
201703 3,922.850 243.801 5,313.252
201706 4,025.384 244.955 5,426.442
201709 4,133.655 246.819 5,530.314
201712 4,735.495 246.524 6,343.082
201803 4,963.947 249.554 6,568.357
201806 6,271.074 251.989 8,217.780
201809 7,664.135 252.439 10,025.380
201812 7,894.722 251.233 10,376.582
201903 8,090.773 254.202 10,510.061
201906 12,183.047 256.143 15,706.072
201909 10,508.000 256.759 13,514.144
201912 10,468.709 256.974 13,452.349
202003 10,662.144 258.115 13,640.349
202006 11,102.457 257.797 14,221.173
202009 11,204.769 260.280 14,215.308
202012 10,805.935 260.474 13,699.103
202103 11,088.591 264.877 13,823.763
202106 12,164.575 271.696 14,784.542
202109 13,346.860 274.310 16,066.883
202112 13,487.607 278.802 15,974.717
202203 13,750.114 287.504 15,792.707
202206 14,167.968 296.311 15,788.976
202209 14,887.442 296.808 16,562.986
202212 14,796.911 296.797 16,462.877
202303 14,955.064 301.836 16,361.059
202306 15,158.989 305.109 16,406.252
202309 16,440.268 307.789 17,638.025
202312 15,213.884 306.746 16,377.792
202403 17,449.046 312.332 18,448.003
202406 17,387.385 314.175 18,274.976
202409 18,048.371 315.301 18,901.960
202412 18,393.418 315.605 19,244.770
202503 19,338.192 319.799 19,967.925
202506 19,382.288 322.561 19,842.087
202509 19,394.648 324.800 19,717.872
202512 19,642.198 324.054 20,015.519
202603 19,766.632 330.213 19,766.632

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 ₫13,735.22 mean?
Vingroup JSC (STC:VIC) has a Cyclically Adjusted Book per Share of ₫13,735.22 as of Mar. 2026. 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 Vingroup JSC and its competitors.
Is Vingroup JSC's Cyclically Adjusted Book per Share too high?
Vingroup JSC's current Cyclically Adjusted Book per Share is ₫13,735.22. Overall, Vingroup JSC has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vingroup JSC's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
Vingroup JSC's Cyclically Adjusted Book per Share of ₫13,735.22 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Vingroup JSC and its competitors. Vingroup JSC's current Cyclically Adjusted Book per Share is ₫13,735.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vingroup JSC stock overvalued right now?
Based on GuruFocus' analysis, Vingroup JSC (STC:VIC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫59,003.65, compared to a current price of ₫220,000.00 — trading 272.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₫13,735.22. Vingroup JSC's overall GF Score™ is 82/100 with 10 warning signs 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 Vingroup JSC (STC:VIC), the current Cyclically Adjusted Book per Share is ₫13,735.22 as of Mar. 2026. 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 Vingroup JSC (STC:VIC) Overvalued in 2026?

Based on GuruFocus' analysis, Vingroup JSC stock appears to be overvalued. The current stock price of ₫220,000.00 is trading 272.9% above its estimated GF Value™ of ₫59,003.65. GuruFocus considers Vingroup JSC to be Significantly Overvalued.

Key valuation signals for STC:VIC:

  • Cyclically Adjusted Book per Share: ₫13,735.22
  • GF Value™: ₫59,003.65 vs. price of ₫220,000.00 (272.9% above fair value)
  • GF Score™: 82/100 with 10 warning signs

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


Vingroup JSC Business Description

Address No. 7, Bang Lang 1 Street, Vinhomes Riverside Ecological Area, Viet Hung Ward, Long Bien District, Hanoi, VNM
Vingroup JSC is a Vietnam-based company engaged in construction and provides retail outlets, commercial offices for lease, residential units for lease and sale. It also carries out investment activities, to provide the management service and to conduct other businesses. The company operates through the segments of Sale of inventory properties, Leasing investment properties and related services, Hospitality, entertainment and other services, Health care and related services, Education services, Retail services, Manufacturing activities, and Others. The company generates the majority of its revenue from Sale of inventory properties including developing and trading apartments and villas at real estate projects of the group.
82GF Score

Get the complete analysis for STC:VIC

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

₫220,000.00
Price
₫59,003.65
GF Value