VietinBank Securities JSC (STC:CTS) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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:CTS VietinBank Securities JSC STC:CTS
88 GF Score
Price ₫21,950.00
GF Value ₫40,176.39
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is VietinBank Securities JSC Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VietinBank Securities JSC  (STC:CTS) 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.


VietinBank Securities JSC Cyclically Adjusted PS Ratio Related Terms


VietinBank Securities JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VietinBank 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.

VietinBank Securities JSC Cyclically Adjusted PS Ratio Chart

VietinBank 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 16.03 5.04 9.18 10.03 10.71

VietinBank Securities JSC Quarterly Data
Sep17 Dec17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26 Jun26
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 12.84 10.90 16.36 8.67 10.50

STC:CTS vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, VietinBank 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.


VietinBank Securities JSC Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, VietinBank Securities JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STC:CTS
88GF Score
VietinBank Securities JSC STC:CTS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VietinBank 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.

VietinBank Securities JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, VietinBank Securities JSC's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1330.356/333.9520*333.9520
=1,330.356

Current CPI (Jun. 2026) = 333.9520.

VietinBank Securities JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 166.783 231.407 240.691
201212 130.158 229.601 189.313
201303 146.432 232.773 210.081
201306 161.529 233.504 231.015
201309 131.030 234.149 186.880
201312 131.655 233.049 188.658
201403 154.206 236.293 217.939
201406 137.775 238.343 193.042
201409 160.364 238.031 224.987
201412 225.575 234.812 320.815
201503 110.247 236.119 155.926
201506 265.407 238.638 371.413
201509 249.652 237.945 350.383
201512 263.001 236.525 371.334
201603 170.863 238.132 239.615
201606 216.188 241.018 299.548
201609 247.042 241.428 341.717
201612 255.039 241.432 352.773
201703 229.270 243.801 314.048
201706 254.937 244.955 347.561
201709 160.882 246.819 217.677
201712 279.010 246.524 377.959
201803 254.739 249.554 340.891
201809 434.291 252.439 574.524
201903 182.940 254.202 240.333
201909 159.066 256.759 206.888
202003 137.801 258.115 178.288
202009 294.612 260.280 378.002
202103 386.892 264.877 487.786
202109 429.693 274.310 523.119
202203 833.383 287.504 968.021
202209 486.254 296.808 547.106
202303 591.592 301.836 654.539
202309 729.691 307.789 791.717
202403 719.731 312.332 769.552
202409 671.841 315.301 711.582
202503 1,271.116 319.799 1,327.370
202509 1,691.666 324.800 1,739.333
202603 1,030.451 330.213 1,042.119
202606 1,330.356 333.952 1,330.356

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.

Is VietinBank Securities JSC (STC:CTS) Overvalued in 2026?

Based on GuruFocus' analysis, VietinBank Securities JSC stock appears to be undervalued. The current stock price of ₫21,950.00 is trading 45.4% below its estimated GF Value™ of ₫40,176.39. GuruFocus considers VietinBank Securities JSC to be Possible Value Trap.

Key valuation signals for STC:CTS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₫40,176.39 vs. price of ₫21,950.00 (45.4% below fair value)
  • GF Score™: 88/100 with 8 warning signs

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


VietinBank Securities JSC Business Description

Address Diplomatic Corps Area, Floor 1st to 4th, Building N02-T2, Xuan Dinh Ward, Ha Noi, VNM
VietinBank Securities JSC is engaged in the provision of securities brokerage services, proprietary trading, securities investment advisory services, financial consultancy, underwriting securities, securities depository, and other services in accordance with laws and regulations applicable to securities companies. The company's operating business segments are: Brokerage and services, Proprietary trading, Underwriting, and Consultancy. Maximum revenue is generated from the Proprietary trading segment. Geographically, the company operates only in Vietnam.
88GF Score

Get the complete analysis for STC:CTS

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

₫21,950.00
Price
₫40,176.39
GF Value