Hoa Sen Group (STC:HSG) Cyclically Adjusted PB Ratio: 0.97 (As of Jul. 15, 2026) — 33% 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:HSG Hoa Sen Group STC:HSG
81 GF Score
Price ₫11,650.00
GF Value ₫13,751.64
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Hoa Sen Group Cyclically Adjusted PB Ratio?

Hoa Sen Group STC:HSG +0.87% 81 Cyclically Adjusted PB Ratio is 0.97 as of Jul. 15, 2026, which is 33% below its 10-year median of 1.44. GuruFocus rates STC:HSG with a GF Score™ of 81/100 and a GF Value™ of ₫13,751.64 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 518 Steel companies, Hoa Sen Group ranks worse than 50.19% on this metric.

As of today (2026-07-15), Hoa Sen Group's current share price is ₫11650.00. Hoa Sen Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₫12,002.69. Hoa Sen Group's Cyclically Adjusted PB Ratio for today is 0.97.

The historical rank and industry rank for Hoa Sen Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:HSG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.44   Max: 4.94
Current: 0.95

During the past years, Hoa Sen Group's highest Cyclically Adjusted PB Ratio was 4.94. The lowest was 0.75. And the median was 1.44.

STC:HSG's Cyclically Adjusted PB Ratio is ranked worse than
50.19% of 518 companies
in the Steel industry
Industry Median: 0.94 vs STC:HSG: 0.95

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.

Hoa Sen Group's adjusted book value per share data for the three months ended in Mar. 2026 was ₫14,200.415. 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 ₫12,002.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoa Sen Group  (STC:HSG) 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.


Hoa Sen Group Cyclically Adjusted PB Ratio Related Terms


Hoa Sen Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoa Sen Group'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.

Hoa Sen Group Cyclically Adjusted PB Ratio Chart

Hoa Sen Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.62 1.37 1.69 1.61 1.28

Hoa Sen Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.23 1.15 1.28 1.05 0.95

STC:HSG vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Hoa Sen Group'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.


Hoa Sen Group Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Hoa Sen Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hoa Sen Group's Cyclically Adjusted PB Ratio falls into.


STC:HSG
81GF Score
Hoa Sen Group STC:HSG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoa Sen Group 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.

Hoa Sen Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11650.00/12002.69
=0.97

* 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.

Hoa Sen Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hoa Sen Group'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)
=14200.415/330.2130*330.2130
=14,200.415

Current CPI (Mar. 2026) = 330.2130.

Hoa Sen Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 4,776.127 241.018 6,543.657
201609 5,342.778 241.428 7,307.581
201612 5,905.175 241.432 8,076.666
201703 6,016.630 243.801 8,149.144
201706 5,595.020 244.955 7,542.399
201709 6,530.492 246.819 8,736.983
201712 6,950.725 246.524 9,310.330
201803 6,983.323 249.554 9,240.421
201806 6,644.365 251.989 8,706.950
201809 6,511.355 252.439 8,517.440
201812 6,585.453 251.233 8,655.719
201903 6,639.444 254.202 8,624.758
201906 6,845.508 256.143 8,825.054
201909 6,952.434 256.759 8,941.397
201912 7,170.587 256.974 9,214.244
202003 7,421.380 258.115 9,494.358
202006 7,818.365 257.797 10,014.569
202009 8,384.336 260.280 10,637.071
202012 9,006.558 260.474 11,417.963
202103 10,256.371 264.877 12,786.263
202106 13,772.355 271.696 16,738.600
202109 13,640.446 274.310 16,420.300
202112 14,217.135 278.802 16,838.770
202203 14,488.836 287.504 16,641.167
202206 14,804.810 296.311 16,498.681
202209 13,570.903 296.808 15,098.274
202212 12,680.396 296.797 14,108.066
202303 12,958.090 301.836 14,176.340
202306 13,313.676 305.109 14,409.109
202309 13,442.029 307.789 14,421.349
202312 13,554.922 306.746 14,591.915
202403 13,916.004 312.332 14,712.695
202406 13,851.731 314.175 14,558.834
202409 13,612.777 315.301 14,256.586
202412 13,755.037 315.605 14,391.699
202503 13,993.981 319.799 14,449.684
202506 13,922.687 322.561 14,252.970
202509 14,025.697 324.800 14,259.444
202512 14,072.437 324.054 14,339.899
202603 14,200.415 330.213 14,200.415

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 0.97 mean?
Hoa Sen Group (STC:HSG) has a Cyclically Adjusted PB Ratio of 0.97 as of Jul. 15, 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 Hoa Sen Group and its competitors. This is 33% below median its historical median of 1.44. Over the past decade, Hoa Sen Group's Cyclically Adjusted PB Ratio has ranged from 0.75 to 4.94. According to the industry distribution chart, Hoa Sen Group ranks #260 out of 518 companies in the Steel industry, placing it in the top 50.2%.
Is Hoa Sen Group's Cyclically Adjusted PB Ratio too high?
Hoa Sen Group's current Cyclically Adjusted PB Ratio of 0.97 is 33% below median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 4.94. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Hoa Sen Group's value of 0.97 is 3.2% above this industry median. Based on the distribution chart, Hoa Sen Group ranks #260 out of 518 companies in the Steel industry, which is below the industry midpoint. Overall, Hoa Sen Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoa Sen Group's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hoa Sen Group ranks #260 out of 518 companies for Cyclically Adjusted PB Ratio. This places Hoa Sen Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Hoa Sen Group's value of 0.97 is 3.2% above this benchmark. Historically, Hoa Sen Group's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 4.94 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 0.94, Hoa Sen Group 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.94, based on 518 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. Hoa Sen Group's current Cyclically Adjusted PB Ratio of 0.97 is 3.2% 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 Hoa Sen Group and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoa Sen Group's current Cyclically Adjusted PB Ratio is 0.97, which is 33% below median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoa Sen Group stock overvalued right now?
Based on GuruFocus' analysis, Hoa Sen Group (STC:HSG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫13,751.64, compared to a current price of ₫11,650.00 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 33% below median its 10-year median of 1.44 and 3.2% above the Steel industry median of 0.94. Hoa Sen Group's overall GF Score™ is 81/100 with 7 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 Hoa Sen Group (STC:HSG), the current Cyclically Adjusted PB Ratio is 0.97 as of Jul. 15, 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 Hoa Sen Group (STC:HSG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoa Sen Group stock appears to be undervalued. The current stock price of ₫11,650.00 is trading 15.3% below its estimated GF Value™ of ₫13,751.64. GuruFocus considers Hoa Sen Group to be Modestly Undervalued.

Key valuation signals for STC:HSG:

  • Cyclically Adjusted PB Ratio: 0.97 (33% below median its 10-year median of 1.44)
  • GF Value™: ₫13,751.64 vs. price of ₫11,650.00 (15.3% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 3.2% above the Steel median (#260 of 518)

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


Hoa Sen Group Business Description

Address 183 Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh, VNM
Hoa Sen Group is engaged in the production of roofing sheets made of galvanized steel, zinc-aluminum alloy, painted galvanized steel, and other alloy types; steel purlins and galvanized purlins; black steel pipes, galvanized steel pipes, alloy-coated steel pipes; galvanized steel mesh, galvanized steel wire, and other steel wire products; and cold rolled steel coils. The Group is also involved in the production and sale of construction materials, including plastic pipes and plastic pipe accessories, buying and selling construction materials, production materials, and consumer goods, warehouse leasing and cargo transportation services, industrial and civil construction, leasing of machinery, equipment, and other tangible items, and hotel business, catering services, and commercial centers.
81GF Score

Get the complete analysis for STC:HSG

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

₫11,650.00
Price
₫13,751.64
GF Value