Hoang Anh Gia Lai JSC (STC:HAG) Cyclically Adjusted PS Ratio: 2.31 (As of Jul. 25, 2026) — 22% Above Median

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STC:HAG Hoang Anh Gia Lai JSC STC:HAG
73 GF Score
Price ₫14,000.00
GF Value ₫14,592.93
Valuation Fairly Valued
! 2 Warning Signs
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What is Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio?

Hoang Anh Gia Lai JSC STC:HAG -0.36% 73 Cyclically Adjusted PS Ratio is 2.31 as of Jul. 25, 2026, which is 22% above its 10-year median of 1.90. GuruFocus rates STC:HAG with a GF Score™ of 73/100 and a GF Value™ of ₫14,592.93 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,362 Real Estate companies, Hoang Anh Gia Lai JSC ranks worse than 57.93% on this metric.

As of today (2026-07-25), Hoang Anh Gia Lai JSC's current share price is ₫14000.00. Hoang Anh Gia Lai JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₫6,066.14. Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio for today is 2.31.

The historical rank and industry rank for Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

STC:HAG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.9   Max: 2.92
Current: 2.4

During the past years, Hoang Anh Gia Lai JSC's highest Cyclically Adjusted PS Ratio was 2.92. The lowest was 0.84. And the median was 1.90.

STC:HAG's Cyclically Adjusted PS Ratio is ranked worse than
57.93% of 1362 companies
in the Real Estate industry
Industry Median: 1.83 vs STC:HAG: 2.40

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.

Hoang Anh Gia Lai JSC's adjusted revenue per share data for the three months ended in Mar. 2026 was ₫1,407.523. 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 ₫6,066.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoang Anh Gia Lai JSC  (STC:HAG) 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.


Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio Related Terms


Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hoang Anh Gia Lai 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.

Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio Chart

Hoang Anh Gia Lai 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 2.29 1.63 2.18 1.89 2.85

Hoang Anh Gia Lai 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 1.91 2.04 2.64 2.85 2.70

Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Hoang Anh Gia Lai 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.


Hoang Anh Gia Lai JSC Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio falls into.


STC:HAG
73GF Score
Hoang Anh Gia Lai JSC STC:HAG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoang Anh Gia Lai 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.

Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14000.00/6066.14
=2.31

* 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.

Hoang Anh Gia Lai JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hoang Anh Gia Lai 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)
=1407.523/330.2130*330.2130
=1,407.523

Current CPI (Mar. 2026) = 330.2130.

Hoang Anh Gia Lai JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2,133.394 241.018 2,922.912
201609 1,588.977 241.428 2,173.322
201612 2,281.012 241.432 3,119.801
201703 987.331 243.801 1,337.277
201706 1,783.245 244.955 2,403.914
201709 1,357.535 246.819 1,816.212
201712 1,191.928 246.524 1,596.559
201803 1,181.101 249.554 1,562.848
201806 1,880.123 251.989 2,463.763
201809 1,513.376 252.439 1,979.632
201812 1,150.565 251.233 1,512.268
201903 442.325 254.202 574.588
201906 558.224 256.143 719.648
201909 600.837 256.759 772.725
201912 649.806 256.974 835.004
202003 901.515 258.115 1,153.331
202006 686.721 257.797 879.623
202009 755.120 260.280 958.008
202012 1,084.431 260.474 1,374.775
202103 286.709 264.877 357.430
202106 589.510 271.696 716.477
202109 607.733 274.310 731.586
202112 801.558 278.802 949.365
202203 866.763 287.504 995.521
202206 1,320.766 296.311 1,471.880
202209 1,554.325 296.808 1,729.260
202212 1,837.105 296.797 2,043.942
202303 1,830.571 301.836 2,002.671
202306 1,555.748 305.109 1,683.753
202309 2,037.243 307.789 2,185.667
202312 1,518.407 306.746 1,634.570
202403 1,339.795 312.332 1,416.498
202406 1,440.075 314.175 1,513.588
202409 1,355.719 315.301 1,419.837
202412 1,501.528 315.605 1,571.027
202503 1,089.376 319.799 1,124.851
202506 2,203.850 322.561 2,256.131
202509 1,786.210 324.800 1,815.978
202512 1,450.080 324.054 1,477.640
202603 1,407.523 330.213 1,407.523

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 2.31 mean?
Hoang Anh Gia Lai JSC (STC:HAG) has a Cyclically Adjusted PS Ratio of 2.31 as of Jul. 25, 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 Hoang Anh Gia Lai JSC and its competitors. This is 22% above median its historical median of 1.90. Over the past decade, Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio has ranged from 0.84 to 2.92. According to the industry distribution chart, Hoang Anh Gia Lai JSC ranks #789 out of 1362 companies in the Real Estate industry, placing it in the top 57.9%.
Is Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio too high?
Hoang Anh Gia Lai JSC's current Cyclically Adjusted PS Ratio of 2.31 is 22% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.92. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Hoang Anh Gia Lai JSC's value of 2.31 is 26.2% above this industry median. Based on the distribution chart, Hoang Anh Gia Lai JSC ranks #789 out of 1362 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hoang Anh Gia Lai JSC has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hoang Anh Gia Lai JSC's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Hoang Anh Gia Lai JSC ranks #789 out of 1362 companies for Cyclically Adjusted PS Ratio. This places Hoang Anh Gia Lai JSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Hoang Anh Gia Lai JSC's value of 2.31 is 26.2% above this benchmark. Historically, Hoang Anh Gia Lai JSC's own Cyclically Adjusted PS Ratio has ranged from 0.84 to 2.92 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 1.83, Hoang Anh Gia Lai 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 a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,362 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. Hoang Anh Gia Lai JSC's current Cyclically Adjusted PS Ratio of 2.31 is 26.2% 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 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 Hoang Anh Gia Lai JSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoang Anh Gia Lai JSC's current Cyclically Adjusted PS Ratio is 2.31, which is 22% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoang Anh Gia Lai JSC stock overvalued right now?
Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC (STC:HAG) is currently considered Fairly Valued. The stock's GF Value™ is ₫14,592.93, compared to a current price of ₫14,000.00 — trading 4.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.31, which is 22% above median its 10-year median of 1.90 and 26.2% above the Real Estate industry median of 1.83. Hoang Anh Gia Lai JSC's overall GF Score™ is 73/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Hoang Anh Gia Lai JSC (STC:HAG), the current Cyclically Adjusted PS Ratio is 2.31 as of Jul. 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 Hoang Anh Gia Lai JSC (STC:HAG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC stock appears to be undervalued. The current stock price of ₫14,000.00 is trading 4.1% below its estimated GF Value™ of ₫14,592.93. GuruFocus considers Hoang Anh Gia Lai JSC to be Fairly Valued.

Key valuation signals for STC:HAG:

  • Cyclically Adjusted PS Ratio: 2.31 (22% above median its 10-year median of 1.90)
  • GF Value™: ₫14,592.93 vs. price of ₫14,000.00 (4.1% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 26.2% above the Real Estate median (#789 of 1362)

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


Hoang Anh Gia Lai JSC Business Description

Address 15 Truong Chinh Street, Phu Dong Ward, Gia Lai Province, Pleiku, VNM
Hoang Anh Gia Lai JSC is a Vietnam-based company engaged in the development, sale, and lease of residential and commercial properties. It develops, rents, and trades in real estate, including the construction of headquarters, office buildings, amongst others. The group is organised into seven business segments namely, Real Estate, Production, Trading and Services, Construction, Power, Mining, and Agriculture. It also has presence in sport and entertainment industries. Other activities include forestation, rubber cultivation and latex processing, electricity generation and distribution, as well as the provision of hotel and resort services.
73GF Score

Get the complete analysis for STC:HAG

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

₫14,000.00
Price
₫14,592.93
GF Value