Ba Ria – Vung Tau House Development JSC (STC:HDC) Cyclically Adjusted PB Ratio: 1.27 (As of Aug. 22, 2026) — 48% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:HDC Ba Ria – Vung Tau House Development JSC STC:HDC
79 GF Score
Price ₫12,150.00
GF Value ₫23,552.30
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio?

Ba Ria – Vung Tau House Development JSC STC:HDC +4.74% 79 Cyclically Adjusted PB Ratio is 1.27 as of Aug. 22, 2026, which is 48% below its 10-year median of 2.43. GuruFocus rates STC:HDC with a GF Score™ of 79/100 and a GF Value™ of ₫23,552.30 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,371 Real Estate companies, Ba Ria – Vung Tau House Development JSC ranks worse than 72.5% on this metric.

As of today (2026-08-22), Ba Ria – Vung Tau House Development JSC's current share price is ₫12150.00. Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₫9,594.32. Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio for today is 1.27.

The historical rank and industry rank for Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:HDC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 2.43   Max: 3.79
Current: 1.24

During the past years, Ba Ria – Vung Tau House Development JSC's highest Cyclically Adjusted PB Ratio was 3.79. The lowest was 1.19. And the median was 2.43.

STC:HDC's Cyclically Adjusted PB Ratio is ranked worse than
72.5% of 1371 companies
in the Real Estate industry
Industry Median: 0.68 vs STC:HDC: 1.24

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.

Ba Ria – Vung Tau House Development JSC's adjusted book value per share data for the three months ended in Jun. 2026 was ₫12,663.396. 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 ₫9,594.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ba Ria – Vung Tau House Development JSC  (STC:HDC) 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.


Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio Related Terms


Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ba Ria – Vung Tau House Development 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.

Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio Chart

Ba Ria – Vung Tau House Development JSC Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.46 2.24

Ba Ria – Vung Tau House Development 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 2.41 3.32 2.24 1.76 1.56

Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ba Ria – Vung Tau House Development 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.


Ba Ria – Vung Tau House Development JSC Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio falls into.


STC:HDC
79GF Score
Ba Ria – Vung Tau House Development JSC STC:HDC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ba Ria – Vung Tau House Development 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.

Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12150.00/9594.32
=1.27

* 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.

Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ba Ria – Vung Tau House Development 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)
=12663.396/333.9520*333.9520
=12,663.396

Current CPI (Jun. 2026) = 333.9520.

Ba Ria – Vung Tau House Development JSC Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 238.132 0.000
201606 0.000 241.018 0.000
201609 3,284.979 241.428 4,543.903
201612 3,451.651 241.432 4,774.370
201703 3,515.110 243.801 4,814.902
201706 3,083.659 244.955 4,204.013
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 3,835.809 251.233 5,098.757
201903 3,864.453 254.202 5,076.836
201906 3,933.003 256.143 5,127.738
201909 4,049.820 256.759 5,267.373
201912 4,450.290 256.974 5,783.399
202003 4,634.714 258.115 5,996.443
202006 4,759.452 257.797 6,165.427
202009 4,907.699 260.280 6,296.818
202012 5,496.703 260.474 7,047.287
202103 5,908.387 264.877 7,449.185
202106 6,118.220 271.696 7,520.139
202109 6,609.089 274.310 8,046.074
202112 16,246.778 278.802 19,460.563
202203 16,890.389 287.504 19,619.133
202206 17,760.654 296.311 20,016.827
202209 18,561.505 296.808 20,884.382
202212 9,520.776 296.797 10,712.649
202303 9,685.978 301.836 10,716.587
202306 8,615.203 305.109 9,429.628
202309 8,766.813 307.789 9,512.019
202312 8,802.762 306.746 9,583.499
202403 8,808.924 312.332 9,418.688
202406 9,733.349 314.175 10,346.054
202409 9,790.534 315.301 10,369.673
202412 9,796.472 315.605 10,365.968
202503 9,855.442 319.799 10,291.604
202506 10,106.798 322.561 10,463.712
202509 12,448.300 324.800 12,799.060
202512 12,577.955 324.054 12,962.140
202603 12,827.645 330.213 12,972.892
202606 12,663.396 333.952 12,663.396

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 1.27 mean?
Ba Ria – Vung Tau House Development JSC (STC:HDC) has a Cyclically Adjusted PB Ratio of 1.27 as of Aug. 22, 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 Ba Ria – Vung Tau House Development JSC and its competitors. This is 48% below median its historical median of 2.43. Over the past decade, Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio has ranged from 1.19 to 3.79. According to the industry distribution chart, Ba Ria – Vung Tau House Development JSC ranks #994 out of 1371 companies in the Real Estate industry, placing it in the top 72.5%.
Is Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio too high?
Ba Ria – Vung Tau House Development JSC's current Cyclically Adjusted PB Ratio of 1.27 is 48% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 3.79. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Ba Ria – Vung Tau House Development JSC's value of 1.27 is 86.8% above this industry median. Based on the distribution chart, Ba Ria – Vung Tau House Development JSC ranks #994 out of 1371 companies in the Real Estate industry, which is below the industry midpoint. Overall, Ba Ria – Vung Tau House Development JSC has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ba Ria – Vung Tau House Development JSC's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ba Ria – Vung Tau House Development JSC ranks #994 out of 1371 companies for Cyclically Adjusted PB Ratio. This places Ba Ria – Vung Tau House Development JSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Ba Ria – Vung Tau House Development JSC's value of 1.27 is 86.8% above this benchmark. Historically, Ba Ria – Vung Tau House Development JSC's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 3.79 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 0.68, Ba Ria – Vung Tau House Development 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 0.68, based on 1,371 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. Ba Ria – Vung Tau House Development JSC's current Cyclically Adjusted PB Ratio of 1.27 is 86.8% 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 Ba Ria – Vung Tau House Development JSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ba Ria – Vung Tau House Development JSC's current Cyclically Adjusted PB Ratio is 1.27, which is 48% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ba Ria – Vung Tau House Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Ba Ria – Vung Tau House Development JSC (STC:HDC) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,552.30, compared to a current price of ₫12,150.00 — trading 48.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is 48% below median its 10-year median of 2.43 and 86.8% above the Real Estate industry median of 0.68. Ba Ria – Vung Tau House Development JSC's overall GF Score™ is 79/100 with 8 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 Ba Ria – Vung Tau House Development JSC (STC:HDC), the current Cyclically Adjusted PB Ratio is 1.27 as of Aug. 22, 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 Ba Ria – Vung Tau House Development JSC (STC:HDC) Overvalued in 2026?

Based on GuruFocus' analysis, Ba Ria – Vung Tau House Development JSC stock appears to be undervalued. The current stock price of ₫12,150.00 is trading 48.4% below its estimated GF Value™ of ₫23,552.30. GuruFocus considers Ba Ria – Vung Tau House Development JSC to be Possible Value Trap.

Key valuation signals for STC:HDC:

  • Cyclically Adjusted PB Ratio: 1.27 (48% below median its 10-year median of 2.43)
  • GF Value™: ₫23,552.30 vs. price of ₫12,150.00 (48.4% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 86.8% above the Real Estate median (#994 of 1371)

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


Ba Ria – Vung Tau House Development JSC Business Description

Address 36 Nguyen Thai Hoc Street, 3rd Floor, HODECO Plaza, Ward 7, Vung Tau, VNM
Ba Ria - Vung Tau House Development JSC is engaged in real estate operations in Vietnam. It is involved in the construction of urban residential areas, industrial parks, and civil works; construction and installation of residential.
79GF Score

Get the complete analysis for STC:HDC

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

₫12,150.00
Price
₫23,552.30
GF Value