Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Cyclically Adjusted PB Ratio: 2.15 (As of Jul. 14, 2026) — 12% Below Median

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STC:VSH Vinh Son - Song Hinh Hydropower JSC STC:VSH
88 GF Score
Price ₫42,500.00
GF Value ₫47,753.78
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Vinh Son - Song Hinh Hydropower JSC Cyclically Adjusted PB Ratio?

Vinh Son - Song Hinh Hydropower JSC STC:VSH 88 Cyclically Adjusted PB Ratio is 2.15 as of Jul. 14, 2026, which is 12% below its 10-year median of 2.43. GuruFocus rates STC:VSH with a GF Score™ of 88/100 and a GF Value™ of ₫47,753.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 440 Utilities - Regulated companies, Vinh Son - Song Hinh Hydropower JSC ranks worse than 68.64% on this metric.

As of today (2026-07-14), Vinh Son - Song Hinh Hydropower JSC's current share price is ₫42500.00. Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₫19,765.14. Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio for today is 2.15.

The historical rank and industry rank for Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:VSH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 2.43   Max: 2.95
Current: 2.15

During the past years, Vinh Son - Song Hinh Hydropower JSC's highest Cyclically Adjusted PB Ratio was 2.95. The lowest was 1.42. And the median was 2.43.

STC:VSH's Cyclically Adjusted PB Ratio is ranked worse than
68.64% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs STC:VSH: 2.15

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.

Vinh Son - Song Hinh Hydropower JSC's adjusted book value per share data for the three months ended in Mar. 2026 was ₫20,566.160. 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 ₫19,765.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vinh Son - Song Hinh Hydropower JSC  (STC:VSH) 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.


Vinh Son - Song Hinh Hydropower JSC Cyclically Adjusted PB Ratio Related Terms


Vinh Son - Song Hinh Hydropower JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vinh Son - Song Hinh Hydropower 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.

Vinh Son - Song Hinh Hydropower JSC Cyclically Adjusted PB Ratio Chart

Vinh Son - Song Hinh Hydropower 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 1.90 1.91 2.53 2.66 2.30

Vinh Son - Song Hinh Hydropower 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 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 2.82 2.59 2.43 2.30 2.19

STC:VSH vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Vinh Son - Song Hinh Hydropower 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.


Vinh Son - Song Hinh Hydropower JSC Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio falls into.


STC:VSH
88GF Score
Vinh Son - Song Hinh Hydropower JSC STC:VSH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinh Son - Song Hinh Hydropower 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.

Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42500.00/19765.14
=2.15

* 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.

Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Vinh Son - Song Hinh Hydropower 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)
=20566.16/330.2130*330.2130
=20,566.160

Current CPI (Mar. 2026) = 330.2130.

Vinh Son - Song Hinh Hydropower JSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 12,435.054 241.018 17,036.970
201609 12,682.735 241.428 17,346.803
201612 12,918.416 241.432 17,668.863
201703 13,485.349 243.801 18,265.050
201706 12,885.618 244.955 17,370.532
201709 13,039.669 246.819 17,445.449
201712 13,246.965 246.524 17,743.993
201803 13,955.864 249.554 18,466.575
201806 13,472.774 251.989 17,655.077
201809 13,550.341 252.439 17,725.069
201812 13,656.864 251.233 17,950.166
201903 13,990.744 254.202 18,174.230
201906 14,145.821 256.143 18,236.430
201909 14,127.596 256.759 18,169.240
201912 14,361.743 256.974 18,454.919
202003 14,356.520 258.115 18,366.656
202006 14,314.338 257.797 18,335.281
202009 14,449.243 260.280 18,331.519
202012 15,187.581 260.474 19,253.886
202103 15,796.515 264.877 19,692.969
202106 16,338.267 271.696 19,857.150
202109 16,160.244 274.310 19,453.621
202112 16,976.101 278.802 20,106.489
202203 18,685.600 287.504 21,461.364
202206 18,719.863 296.311 20,861.669
202209 19,653.938 296.808 21,865.940
202212 21,276.453 296.797 23,671.942
202303 23,260.022 301.836 25,446.804
202306 21,368.244 305.109 23,126.397
202309 21,476.599 307.789 23,041.279
202312 19,449.904 306.746 20,937.881
202403 19,457.398 312.332 20,571.334
202406 19,718.242 314.175 20,724.818
202409 20,048.337 315.301 20,996.513
202412 19,824.249 315.605 20,741.828
202503 20,438.195 319.799 21,103.749
202506 21,141.951 322.561 21,643.494
202509 21,036.292 324.800 21,386.875
202512 20,952.228 324.054 21,350.448
202603 20,566.160 330.213 20,566.160

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 2.15 mean?
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) has a Cyclically Adjusted PB Ratio of 2.15 as of Jul. 14, 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 Vinh Son - Song Hinh Hydropower JSC and its competitors. This is 12% below median its historical median of 2.43. Over the past decade, Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio has ranged from 1.42 to 2.95. According to the industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #302 out of 440 companies in the Utilities - Regulated industry, placing it in the top 68.6%.
Is Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio too high?
Vinh Son - Song Hinh Hydropower JSC's current Cyclically Adjusted PB Ratio of 2.15 is 12% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 2.95. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Vinh Son - Song Hinh Hydropower JSC's value of 2.15 is 41% above this industry median. Based on the distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #302 out of 440 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Vinh Son - Song Hinh Hydropower JSC has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinh Son - Song Hinh Hydropower JSC's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Vinh Son - Song Hinh Hydropower JSC ranks #302 out of 440 companies for Cyclically Adjusted PB Ratio. This places Vinh Son - Song Hinh Hydropower JSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Vinh Son - Song Hinh Hydropower JSC's value of 2.15 is 41% above this benchmark. Historically, Vinh Son - Song Hinh Hydropower JSC's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 2.95 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.53, Vinh Son - Song Hinh Hydropower 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 440 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. Vinh Son - Song Hinh Hydropower JSC's current Cyclically Adjusted PB Ratio of 2.15 is 41% 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 Vinh Son - Song Hinh Hydropower JSC and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinh Son - Song Hinh Hydropower JSC's current Cyclically Adjusted PB Ratio is 2.15, which is 12% 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 Vinh Son - Song Hinh Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinh Son - Song Hinh Hydropower JSC (STC:VSH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫47,753.78, compared to a current price of ₫42,500.00 — trading 11% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.15, which is 12% below median its 10-year median of 2.43 and 41% above the Utilities - Regulated industry median of 1.53. Vinh Son - Song Hinh Hydropower JSC's overall GF Score™ is 88/100 with 4 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 Vinh Son - Song Hinh Hydropower JSC (STC:VSH), the current Cyclically Adjusted PB Ratio is 2.15 as of Jul. 14, 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 Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Overvalued in 2026?

Based on GuruFocus' analysis, Vinh Son - Song Hinh Hydropower JSC stock appears to be undervalued. The current stock price of ₫42,500.00 is trading 11% below its estimated GF Value™ of ₫47,753.78. GuruFocus considers Vinh Son - Song Hinh Hydropower JSC to be Modestly Undervalued.

Key valuation signals for STC:VSH:

  • Cyclically Adjusted PB Ratio: 2.15 (12% below median its 10-year median of 2.43)
  • GF Value™: ₫47,753.78 vs. price of ₫42,500.00 (11% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 41% above the Utilities - Regulated median (#302 of 440)

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


Vinh Son - Song Hinh Hydropower JSC Business Description

Address 16-17-18 Floor, Building 11, Cua Bac EVN, Ba Dinh, Ha noi, VNM
Vinh Son - Song Hinh Hydropower JSC engages in the production and sale of electricity in Vietnam. The company is also involved in the service management, operation, and maintenance of hydropower plants; management consultancy and construction supervision of hydropower plant projects; and provision of design consulting services for irrigation, transportation, and hydroelectric works. In addition, it offers consulting and supervising services for the construction of hydraulic and traffic works; performs electricity experiments; trades in materials and equipment used in the hydroelectricity industry; invests in power projects construction activities, and operates in real estate business.
88GF Score

Get the complete analysis for STC:VSH

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

₫42,500.00
Price
₫47,753.78
GF Value