Saigon - Hanoi Securities JSC (HSTC:SHS) Cyclically Adjusted PS Ratio: 9.01 (As of Jul. 20, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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HSTC:SHS Saigon - Hanoi Securities JSC HSTC:SHS
76 GF Score
Price ₫16,400.00
GF Value ₫23,976.42
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio?

Saigon - Hanoi Securities JSC HSTC:SHS -2.96% 76 Cyclically Adjusted PS Ratio is 9.01 as of Jul. 20, 2026, which is 9% above its 10-year median of 8.27. GuruFocus rates HSTC:SHS with a GF Score™ of 76/100 and a GF Value™ of ₫23,976.42 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 904 Asset Management companies, Saigon - Hanoi Securities JSC ranks worse than 56.42% on this metric.

As of today (2026-07-20), Saigon - Hanoi Securities JSC's current share price is ₫16400.00. Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₫1,820.88. Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio for today is 9.01.

The historical rank and industry rank for Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

HSTC:SHS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.32   Med: 8.27   Max: 15.67
Current: 9.01

During the past years, Saigon - Hanoi Securities JSC's highest Cyclically Adjusted PS Ratio was 15.67. The lowest was 3.32. And the median was 8.27.

HSTC:SHS's Cyclically Adjusted PS Ratio is ranked worse than
56.42% of 904 companies
in the Asset Management industry
Industry Median: 7.63 vs HSTC:SHS: 9.01

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Saigon - Hanoi Securities JSC's adjusted revenue per share data for the three months ended in Mar. 2026 was ₫269.621. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₫1,820.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saigon - Hanoi Securities JSC  (HSTC:SHS) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio Related Terms


Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Saigon - Hanoi Securities JSC's Cyclically Adjusted PS 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.

Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio Chart

Saigon - Hanoi Securities JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.41 4.57 9.77 6.44 11.67

Saigon - Hanoi Securities 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 PS 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 7.13 6.94 13.11 11.67 9.17

HSTC:SHS vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio falls into.


HSTC:SHS
76GF Score
Saigon - Hanoi Securities JSC HSTC:SHS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio Calculation

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

Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16400.00/1820.88
=9.01

* 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.

Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Saigon - Hanoi Securities JSC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=269.621/330.2130*330.2130
=269.621

Current CPI (Mar. 2026) = 330.2130.

Saigon - Hanoi Securities JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 324.393 241.018 444.443
201609 387.916 241.428 530.572
201612 -5.942 241.432 -8.127
201703 174.844 243.801 236.815
201706 272.474 244.955 367.310
201709 534.956 246.819 715.704
201712 608.193 246.524 814.660
201803 866.636 249.554 1,146.744
201806 227.663 251.989 298.336
201809 586.413 252.439 767.081
201812 662.643 251.233 870.958
201903 495.154 254.202 643.214
201906 250.748 256.143 323.258
201909 322.855 256.759 415.218
201912 198.435 256.974 254.990
202003 318.061 258.115 406.903
202006 270.124 257.797 346.003
202009 260.688 260.280 330.731
202012 319.846 260.474 405.481
202103 1,193.896 264.877 1,488.389
202106 770.396 271.696 936.321
202109 442.211 274.310 532.331
202112 983.641 278.802 1,165.024
202203 571.642 287.504 656.560
202206 179.394 296.311 199.919
202209 202.034 296.808 224.772
202212 -341.030 296.797 -379.426
202303 174.099 301.836 190.467
202306 202.296 305.109 218.941
202309 204.963 307.789 219.896
202312 208.369 306.746 224.310
202403 298.100 312.332 315.166
202406 446.586 314.175 469.383
202409 361.362 315.301 378.452
202412 308.921 315.605 323.220
202503 227.561 319.799 234.971
202506 308.931 322.561 316.260
202509 724.439 324.800 736.512
202512 174.077 324.054 177.386
202603 269.621 330.213 269.621

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 9.01 mean?
Saigon - Hanoi Securities JSC (HSTC:SHS) has a Cyclically Adjusted PS Ratio of 9.01 as of Jul. 20, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Saigon - Hanoi Securities JSC and its competitors. This is near median its historical median of 8.27. Over the past decade, Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio has ranged from 3.32 to 15.67. According to the industry distribution chart, Saigon - Hanoi Securities JSC ranks #510 out of 904 companies in the Asset Management industry, placing it in the top 56.4%.
Is Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio too high?
Saigon - Hanoi Securities JSC's current Cyclically Adjusted PS Ratio of 9.01 is near median its 10-year median of 8.27. Over the past 10 years, this metric has ranged from a low of 3.32 to a high of 15.67. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. Saigon - Hanoi Securities JSC's value of 9.01 is 18.1% above this industry median. Based on the distribution chart, Saigon - Hanoi Securities JSC ranks #510 out of 904 companies in the Asset Management industry, which is below the industry midpoint. Overall, Saigon - Hanoi Securities JSC has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Saigon - Hanoi Securities JSC ranks #510 out of 904 companies for Cyclically Adjusted PS Ratio. This places Saigon - Hanoi Securities JSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.63. Saigon - Hanoi Securities JSC's value of 9.01 is 18.1% above this benchmark. Historically, Saigon - Hanoi Securities JSC's own Cyclically Adjusted PS Ratio has ranged from 3.32 to 15.67 over the past decade. While the company's 10-year median is 8.27 vs. the industry median of 7.63, Saigon - Hanoi Securities 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 PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.63, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saigon - Hanoi Securities JSC's current Cyclically Adjusted PS Ratio of 9.01 is 18.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Saigon - Hanoi Securities JSC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saigon - Hanoi Securities JSC's current Cyclically Adjusted PS Ratio is 9.01, which is near median its own 10-year median of 8.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saigon - Hanoi Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC (HSTC:SHS) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,976.42, compared to a current price of ₫16,400.00 — trading 31.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.01, which is near median its 10-year median of 8.27 and 18.1% above the Asset Management industry median of 7.63. Saigon - Hanoi Securities JSC's overall GF Score™ is 76/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Saigon - Hanoi Securities JSC (HSTC:SHS), the current Cyclically Adjusted PS Ratio is 9.01 as of Jul. 20, 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 Saigon - Hanoi Securities JSC (HSTC:SHS) Overvalued in 2026?

Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC stock appears to be undervalued. The current stock price of ₫16,400.00 is trading 31.6% below its estimated GF Value™ of ₫23,976.42. GuruFocus considers Saigon - Hanoi Securities JSC to be Possible Value Trap.

Key valuation signals for HSTC:SHS:

  • Cyclically Adjusted PS Ratio: 9.01 (near median its 10-year median of 8.27)
  • GF Value™: ₫23,976.42 vs. price of ₫16,400.00 (31.6% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 18.1% above the Asset Management median (#510 of 904)

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


Saigon - Hanoi Securities JSC Business Description

Address Dao Duy Anh Building, 1st Floor, Dong Da, Hanoi, VNM
Saigon - Hanoi Securities JSC is engaged in the trading of securities and the offering of investment services.
76GF Score

Get the complete analysis for HSTC:SHS

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

₫16,400.00
Price
₫23,976.42
GF Value