Hoang Anh Gia Lai JSC (STC:HAG) Cyclically Adjusted PB Ratio: 1.13 (As of Jul. 31, 2026) — 49% Above Median

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Director of Data and Quant Analytics at GuruFocus
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STC:HAG Hoang Anh Gia Lai JSC STC:HAG
73 GF Score
Price ₫14,200.00
GF Value ₫13,092.19
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio?

Hoang Anh Gia Lai JSC STC:HAG +1.43% 73 Cyclically Adjusted PB Ratio is 1.13 as of Jul. 31, 2026, which is 49% above its 10-year median of 0.76. GuruFocus rates STC:HAG with a GF Score™ of 73/100 and a GF Value™ of ₫13,092.19 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,416 Real Estate companies, Hoang Anh Gia Lai JSC ranks worse than 67.73% on this metric.

As of today (2026-07-31), Hoang Anh Gia Lai JSC's current share price is ₫14200.00. Hoang Anh Gia Lai JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₫12,578.15. Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio for today is 1.13.

The historical rank and industry rank for Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:HAG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.76   Max: 1.4
Current: 1.13

During the past years, Hoang Anh Gia Lai JSC's highest Cyclically Adjusted PB Ratio was 1.40. The lowest was 0.30. And the median was 0.76.

STC:HAG's Cyclically Adjusted PB Ratio is ranked worse than
67.73% of 1416 companies
in the Real Estate industry
Industry Median: 0.69 vs STC:HAG: 1.13

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.

Hoang Anh Gia Lai JSC's adjusted book value per share data for the three months ended in Jun. 2026 was ₫12,457.245. 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 ₫12,578.15 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoang Anh Gia Lai JSC  (STC:HAG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio Related Terms


Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio 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.

Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio Chart

Hoang Anh Gia Lai JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.58 0.89 0.86 1.36

Hoang Anh Gia Lai JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 0.96 1.24 1.36 1.29 1.22

Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Hoang Anh Gia Lai 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.


Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio falls into.


STC:HAG
73GF Score
Hoang Anh Gia Lai JSC STC:HAG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoang Anh Gia Lai JSC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14200.00/12578.15
=1.13

* 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.

Hoang Anh Gia Lai JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hoang Anh Gia Lai JSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12457.245/333.9520*333.9520
=12,457.245

Current CPI (Jun. 2026) = 333.9520.

Hoang Anh Gia Lai JSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 17,210.335 241.428 23,805.962
201612 16,833.274 241.432 23,284.012
201703 17,373.533 243.801 23,797.794
201706 16,121.606 244.955 21,978.905
201709 15,525.950 246.819 21,006.981
201712 15,068.346 246.524 20,412.229
201803 14,590.634 249.554 19,525.118
201806 14,530.547 251.989 19,256.814
201809 14,344.618 252.439 18,976.521
201812 14,305.923 251.233 19,016.179
201903 14,275.581 254.202 18,754.214
201906 13,175.390 256.143 17,177.701
201909 13,683.970 256.759 17,797.971
201912 8,226.076 256.974 10,690.243
202003 13,262.531 258.115 17,159.207
202006 12,873.749 257.797 16,676.743
202009 12,817.632 260.280 16,445.650
202012 5,476.028 260.474 7,020.779
202103 4,988.043 264.877 6,288.832
202106 5,278.343 271.696 6,487.814
202109 5,282.248 274.310 6,430.744
202112 4,837.922 278.802 5,794.914
202203 4,967.275 287.504 5,769.768
202206 4,775.973 296.311 5,382.675
202209 5,101.600 296.808 5,740.039
202212 5,385.309 296.797 6,059.477
202303 5,530.449 301.836 6,118.901
202306 5,585.091 305.109 6,113.069
202309 5,746.168 307.789 6,234.610
202312 6,856.773 306.746 7,464.916
202403 7,042.743 312.332 7,530.250
202406 7,490.950 314.175 7,962.498
202409 7,928.120 315.301 8,397.092
202412 8,269.581 315.605 8,750.315
202503 8,646.534 319.799 9,029.194
202506 9,229.428 322.561 9,555.358
202509 9,990.236 324.800 10,271.734
202512 10,424.107 324.054 10,742.504
202603 11,629.340 330.213 11,761.019
202606 12,457.245 333.952 12,457.245

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

What does a Cyclically Adjusted PB Ratio of 1.13 mean?
Hoang Anh Gia Lai JSC (STC:HAG) has a Cyclically Adjusted PB Ratio of 1.13 as of Jul. 31, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Hoang Anh Gia Lai JSC and its competitors. This is 49% above median its historical median of 0.76. Over the past decade, Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.40. According to the industry distribution chart, Hoang Anh Gia Lai JSC ranks #959 out of 1416 companies in the Real Estate industry, placing it in the top 67.7%.
Is Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio too high?
Hoang Anh Gia Lai JSC's current Cyclically Adjusted PB Ratio of 1.13 is 49% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.40. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Hoang Anh Gia Lai JSC's value of 1.13 is 63.8% above this industry median. Based on the distribution chart, Hoang Anh Gia Lai JSC ranks #959 out of 1416 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hoang Anh Gia Lai JSC has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hoang Anh Gia Lai JSC's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Hoang Anh Gia Lai JSC ranks #959 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Hoang Anh Gia Lai JSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Hoang Anh Gia Lai JSC's value of 1.13 is 63.8% above this benchmark. Historically, Hoang Anh Gia Lai JSC's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.40 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.69, Hoang Anh Gia Lai JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,416 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hoang Anh Gia Lai JSC's current Cyclically Adjusted PB Ratio of 1.13 is 63.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Hoang Anh Gia Lai JSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoang Anh Gia Lai JSC's current Cyclically Adjusted PB Ratio is 1.13, which is 49% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoang Anh Gia Lai JSC stock overvalued right now?
Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC (STC:HAG) is currently considered Fairly Valued. The stock's GF Value™ is ₫13,092.19, compared to a current price of ₫14,200.00 — trading 8.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 49% above median its 10-year median of 0.76 and 63.8% above the Real Estate industry median of 0.69. Hoang Anh Gia Lai JSC's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Hoang Anh Gia Lai JSC (STC:HAG), the current Cyclically Adjusted PB Ratio is 1.13 as of Jul. 31, 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 Hoang Anh Gia Lai JSC (STC:HAG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC stock appears to be overvalued. The current stock price of ₫14,200.00 is trading 8.5% above its estimated GF Value™ of ₫13,092.19. GuruFocus considers Hoang Anh Gia Lai JSC to be Fairly Valued.

Key valuation signals for STC:HAG:

  • Cyclically Adjusted PB Ratio: 1.13 (49% above median its 10-year median of 0.76)
  • GF Value™: ₫13,092.19 vs. price of ₫14,200.00 (8.5% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 63.8% above the Real Estate median (#959 of 1416)

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


Hoang Anh Gia Lai JSC Business Description

Address 15 Truong Chinh Street, Phu Dong Ward, Gia Lai Province, Pleiku, VNM
Hoang Anh Gia Lai JSC is a Vietnam-based company engaged in the development, sale, and lease of residential and commercial properties. It develops, rents, and trades in real estate, including the construction of headquarters, office buildings, amongst others. The group is organised into seven business segments namely, Real Estate, Production, Trading and Services, Construction, Power, Mining, and Agriculture. It also has presence in sport and entertainment industries. Other activities include forestation, rubber cultivation and latex processing, electricity generation and distribution, as well as the provision of hotel and resort services.
73GF Score

Get the complete analysis for STC:HAG

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

₫14,200.00
Price
₫13,092.19
GF Value