VietNam Holding (LSE:VNH) Cyclically Adjusted PS Ratio: 11.02 (As of Jul. 26, 2026) — 18% Below Median

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LSE:VNH VietNam Holding Ltd LSE:VNH
38 GF Score
Price £3.09
! 1 Warning Sign
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What is VietNam Holding Cyclically Adjusted PS Ratio?

VietNam Holding LSE:VNH -2.68% 38 Cyclically Adjusted PS Ratio is 11.02 as of Jul. 26, 2026, which is 18% below its 10-year median of 13.38. GuruFocus rates LSE:VNH with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 906 Asset Management companies, VietNam Holding ranks worse than 67.55% on this metric.

As of today (2026-07-26), VietNam Holding's current share price is £3.085. VietNam Holding's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was £0.28. VietNam Holding's Cyclically Adjusted PS Ratio for today is 11.02.

The historical rank and industry rank for VietNam Holding's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:VNH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.48   Med: 13.38   Max: 30.8
Current: 11.2

During the past 13 years, VietNam Holding's highest Cyclically Adjusted PS Ratio was 30.80. The lowest was 8.48. And the median was 13.38.

LSE:VNH's Cyclically Adjusted PS Ratio is ranked worse than
67.55% of 906 companies
in the Asset Management industry
Industry Median: 7.675 vs LSE:VNH: 11.20

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.

VietNam Holding's adjusted revenue per share data of for the fiscal year that ended in Jun25 was £-0.038. 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 £0.28 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


VietNam Holding  (LSE:VNH) 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.


VietNam Holding Cyclically Adjusted PS Ratio Related Terms


VietNam Holding Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VietNam Holding'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.

VietNam Holding Cyclically Adjusted PS Ratio Chart

VietNam Holding Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.55 11.39 12.11 13.81 12.28

VietNam Holding Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 13.81 0.00 12.28 0.00

LSE:VNH vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, VietNam Holding'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.


VietNam Holding Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VietNam Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where VietNam Holding's Cyclically Adjusted PS Ratio falls into.


LSE:VNH
38GF Score
VietNam Holding Ltd LSE:VNH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VietNam Holding 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.

VietNam Holding's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.085/0.28
=11.02

* 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 Holding's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, VietNam Holding's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=-0.038/322.5610*322.5610
=-0.038

Current CPI (Jun25) = 322.5610.

VietNam Holding Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.399 241.018 0.534
201706 0.399 244.955 0.525
201806 0.136 251.989 0.174
201906 -0.308 256.143 -0.388
202006 -0.309 257.797 -0.387
202106 1.580 271.696 1.876
202206 -0.158 296.311 -0.172
202306 -0.197 305.109 -0.208
202406 0.815 314.175 0.837
202506 -0.038 322.561 -0.038

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 11.02 mean?
VietNam Holding (LSE:VNH) has a Cyclically Adjusted PS Ratio of 11.02 as of Jul. 26, 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 VietNam Holding and its competitors. This is 18% below median its historical median of 13.38. Over the past decade, VietNam Holding's Cyclically Adjusted PS Ratio has ranged from 8.48 to 30.80. According to the industry distribution chart, VietNam Holding ranks #612 out of 906 companies in the Asset Management industry, placing it in the top 67.5%.
Is VietNam Holding's Cyclically Adjusted PS Ratio too high?
VietNam Holding's current Cyclically Adjusted PS Ratio of 11.02 is 18% below median its 10-year median of 13.38. Over the past 10 years, this metric has ranged from a low of 8.48 to a high of 30.80. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. VietNam Holding's value of 11.02 is 43.6% above this industry median. Based on the distribution chart, VietNam Holding ranks #612 out of 906 companies in the Asset Management industry, which is below the industry midpoint. Overall, VietNam Holding has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does VietNam Holding's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, VietNam Holding ranks #612 out of 906 companies for Cyclically Adjusted PS Ratio. This places VietNam Holding in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. VietNam Holding's value of 11.02 is 43.6% above this benchmark. Historically, VietNam Holding's own Cyclically Adjusted PS Ratio has ranged from 8.48 to 30.80 over the past decade. While the company's 10-year median is 13.38 vs. the industry median of 7.68, VietNam Holding 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 7.68, based on 906 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. VietNam Holding's current Cyclically Adjusted PS Ratio of 11.02 is 43.6% 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 VietNam Holding and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VietNam Holding's current Cyclically Adjusted PS Ratio is 11.02, which is 18% below median its own 10-year median of 13.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VietNam Holding stock overvalued right now?
VietNam Holding (LSE:VNH) has a current Cyclically Adjusted PS Ratio of 11.02. The current Cyclically Adjusted PS Ratio is 11.02, which is 18% below median its 10-year median of 13.38 and 43.6% above the Asset Management industry median of 7.68. VietNam Holding's overall GF Score™ is 38/100 with 1 warning sign 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 VietNam Holding (LSE:VNH), the current Cyclically Adjusted PS Ratio is 11.02 as of Jul. 26, 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.

VietNam Holding Business Description

Address Royal Avenue, 1 Royal Plaza, Saint Peter Port, GGY, GY1 2HL
VietNam Holding Ltd is a closed-end investment company. Its investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential at an attractive valuation. The company invests in the securities of publicly traded companies in Vietnam, as well as in the securities of foreign companies if a majority of their assets and/or operations are based in Vietnam.
38GF Score

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

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