Vietnam National Petroleum Group (STC:PLX) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 25, 2026) — Near Median

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STC:PLX Vietnam National Petroleum Group STC:PLX
91 GF Score
Price ₫38,050.00
GF Value ₫52,399.69
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Vietnam National Petroleum Group Cyclically Adjusted PB Ratio?

Vietnam National Petroleum Group STC:PLX +0.26% 91 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 25, 2026, which is 7% above its 10-year median of 1.59. GuruFocus rates STC:PLX with a GF Score™ of 91/100 and a GF Value™ of ₫52,399.69 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 757 Oil & Gas companies, Vietnam National Petroleum Group ranks worse than 63.14% on this metric.

As of today (2026-08-25), Vietnam National Petroleum Group's current share price is ₫38050.00. Vietnam National Petroleum Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₫22,438.15. Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio for today is 1.70.

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

STC:PLX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 1.59   Max: 1.69
Current: 1.69

During the past years, Vietnam National Petroleum Group's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 1.48. And the median was 1.59.

STC:PLX's Cyclically Adjusted PB Ratio is ranked worse than
63.14% of 757 companies
in the Oil & Gas industry
Industry Median: 1.23 vs STC:PLX: 1.69

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.

Vietnam National Petroleum Group's adjusted book value per share data for the three months ended in Jun. 2026 was ₫20,258.064. 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 ₫22,438.15 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vietnam National Petroleum Group  (STC:PLX) 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.


Vietnam National Petroleum Group Cyclically Adjusted PB Ratio Related Terms


Vietnam National Petroleum Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vietnam National Petroleum 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.

Vietnam National Petroleum Group Cyclically Adjusted PB Ratio Chart

Vietnam National Petroleum Group 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 0.00 0.00 0.00 0.00 0.00

Vietnam National Petroleum Group 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 0.00 0.00 0.00 0.00 1.65

STC:PLX vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Vietnam National Petroleum 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.


Vietnam National Petroleum Group Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio falls into.


STC:PLX
91GF Score
Vietnam National Petroleum Group STC:PLX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vietnam National Petroleum 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.

Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38050.00/22438.15
=1.70

* 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.

Vietnam National Petroleum Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vietnam National Petroleum Group'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)
=20258.064/333.9520*333.9520
=20,258.064

Current CPI (Jun. 2026) = 333.9520.

Vietnam National Petroleum Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201612 17,239.899 241.432 23,846.461
201703 0.000 243.801 0.000
201706 19,449.168 244.955 26,515.436
201709 0.000 246.819 0.000
201712 17,707.196 246.524 23,986.928
201803 18,411.042 249.554 24,637.571
201806 16,160.307 251.989 21,416.676
201809 16,915.562 252.439 22,377.627
201812 17,556.482 251.233 23,336.991
201903 18,970.240 254.202 24,921.714
201906 16,959.001 256.143 22,110.666
201909 18,467.149 256.759 24,019.183
201912 19,344.975 256.974 25,139.871
202003 15,778.995 258.115 20,415.036
202006 16,568.219 257.797 21,462.584
202009 16,761.058 260.280 21,505.259
202012 17,363.532 260.474 22,261.670
202103 19,243.114 264.877 24,261.361
202106 20,080.642 271.696 24,681.889
202109 20,130.718 274.310 24,507.650
202112 20,612.981 278.802 24,690.448
202203 19,972.152 287.504 23,198.773
202206 18,187.308 296.311 20,497.679
202209 18,335.315 296.808 20,629.886
202212 19,276.922 296.797 21,690.134
202303 19,716.185 301.836 21,814.030
202306 19,479.337 305.109 21,320.786
202309 19,904.319 307.789 21,596.247
202312 20,415.315 306.746 22,225.996
202403 21,248.961 312.332 22,719.840
202406 19,914.661 314.175 21,168.269
202409 20,031.156 315.301 21,216.059
202412 20,480.896 315.605 21,671.508
202503 20,578.629 319.799 21,489.355
202506 19,689.753 322.561 20,385.082
202509 20,190.932 324.800 20,759.859
202512 20,625.436 324.054 21,255.425
202603 19,993.173 330.213 20,219.556
202606 20,258.064 333.952 20,258.064

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 1.70 mean?
Vietnam National Petroleum Group (STC:PLX) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 25, 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 Vietnam National Petroleum Group and its competitors. This is near median its historical median of 1.59. Over the past decade, Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio has ranged from 1.48 to 1.69. According to the industry distribution chart, Vietnam National Petroleum Group ranks #478 out of 757 companies in the Oil & Gas industry, placing it in the top 63.1%.
Is Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio too high?
Vietnam National Petroleum Group's current Cyclically Adjusted PB Ratio of 1.70 is near median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 1.69. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.23. Vietnam National Petroleum Group's value of 1.70 is 38.2% above this industry median. Based on the distribution chart, Vietnam National Petroleum Group ranks #478 out of 757 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Vietnam National Petroleum Group has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam National Petroleum Group's Cyclically Adjusted PB Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Vietnam National Petroleum Group ranks #478 out of 757 companies for Cyclically Adjusted PB Ratio. This places Vietnam National Petroleum Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Vietnam National Petroleum Group's value of 1.70 is 38.2% above this benchmark. Historically, Vietnam National Petroleum Group's own Cyclically Adjusted PB Ratio has ranged from 1.48 to 1.69 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.23, Vietnam National Petroleum 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 an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.23, based on 757 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. Vietnam National Petroleum Group's current Cyclically Adjusted PB Ratio of 1.70 is 38.2% 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 Vietnam National Petroleum Group and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam National Petroleum Group's current Cyclically Adjusted PB Ratio is 1.70, which is near median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam National Petroleum Group stock overvalued right now?
Based on GuruFocus' analysis, Vietnam National Petroleum Group (STC:PLX) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫52,399.69, compared to a current price of ₫38,050.00 — trading 27.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is near median its 10-year median of 1.59 and 38.2% above the Oil & Gas industry median of 1.23. Vietnam National Petroleum Group's overall GF Score™ is 91/100 with 2 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 Vietnam National Petroleum Group (STC:PLX), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 25, 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 Vietnam National Petroleum Group (STC:PLX) Overvalued in 2026?

Based on GuruFocus' analysis, Vietnam National Petroleum Group stock appears to be undervalued. The current stock price of ₫38,050.00 is trading 27.4% below its estimated GF Value™ of ₫52,399.69. GuruFocus considers Vietnam National Petroleum Group to be Modestly Undervalued.

Key valuation signals for STC:PLX:

  • Cyclically Adjusted PB Ratio: 1.70 (near median its 10-year median of 1.59)
  • GF Value™: ₫52,399.69 vs. price of ₫38,050.00 (27.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 38.2% above the Oil & Gas median (#478 of 757)

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


Vietnam National Petroleum Group Business Description

Industry EnergyOil & Gas
Address No. 1, Kham Thien, Kham Thien Ward, Dong Da District, Hanoi, VNM
Vietnam National Petroleum Group is engaged in import, export, and deal in petroleum, refining, and petrochemical products. The firm also invests in fields like engineering, mechanical and oil equipment, insurance, banking, and other commercial activities.
91GF Score

Get the complete analysis for STC:PLX

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

₫38,050.00
Price
₫52,399.69
GF Value