Ha Do Group JSC (STC:HDG) Cyclically Adjusted PS Ratio: 1.96 (As of Jul. 15, 2026) — 25% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:HDG Ha Do Group JSC STC:HDG
85 GF Score
Price ₫19,150.00
GF Value ₫20,390.49
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Ha Do Group JSC Cyclically Adjusted PS Ratio?

Ha Do Group JSC STC:HDG +1.32% 85 Cyclically Adjusted PS Ratio is 1.96 as of Jul. 15, 2026, which is 25% below its 10-year median of 2.60. GuruFocus rates STC:HDG with a GF Score™ of 85/100 and a GF Value™ of ₫20,390.49 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,360 Real Estate companies, Ha Do Group JSC ranks worse than 51.25% on this metric.

As of today (2026-07-15), Ha Do Group JSC's current share price is ₫19150.00. Ha Do Group JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₫9,771.45. Ha Do Group JSC's Cyclically Adjusted PS Ratio for today is 1.96.

The historical rank and industry rank for Ha Do Group JSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

STC:HDG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.93   Med: 2.6   Max: 5.13
Current: 1.93

During the past years, Ha Do Group JSC's highest Cyclically Adjusted PS Ratio was 5.13. The lowest was 1.93. And the median was 2.60.

STC:HDG's Cyclically Adjusted PS Ratio is ranked worse than
51.25% of 1360 companies
in the Real Estate industry
Industry Median: 1.845 vs STC:HDG: 1.93

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.

Ha Do Group JSC's adjusted revenue per share data for the three months ended in Mar. 2026 was ₫1,680.513. 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 ₫9,771.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ha Do Group JSC  (STC:HDG) 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.


Ha Do Group JSC Cyclically Adjusted PS Ratio Related Terms


Ha Do Group JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ha Do Group 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.

Ha Do Group JSC Cyclically Adjusted PS Ratio Chart

Ha Do Group 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 4.68 2.40 2.44 2.60 2.62

Ha Do Group 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 2.34 2.43 3.17 2.62 2.75

Ha Do Group JSC Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ha Do Group 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.


Ha Do Group JSC Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ha Do Group JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ha Do Group JSC's Cyclically Adjusted PS Ratio falls into.


STC:HDG
85GF Score
Ha Do Group JSC STC:HDG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ha Do Group 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.

Ha Do Group JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19150.00/9771.45
=1.96

* 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.

Ha Do Group JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ha Do Group 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)
=1680.513/330.2130*330.2130
=1,680.513

Current CPI (Mar. 2026) = 330.2130.

Ha Do Group JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 694.402 241.018 951.384
201609 1,137.078 241.428 1,555.238
201612 3,106.807 241.432 4,249.263
201703 436.016 243.801 590.556
201706 1,543.165 244.955 2,080.272
201709 813.194 246.819 1,087.952
201712 3,229.180 246.524 4,325.409
201803 590.426 249.554 781.259
201806 1,165.432 251.989 1,527.213
201809 1,884.234 252.439 2,464.748
201812 5,078.037 251.233 6,674.417
201903 2,438.784 254.202 3,168.025
201906 2,646.089 256.143 3,411.270
201909 3,369.546 256.759 4,333.511
201912 3,218.603 256.974 4,135.923
202003 2,927.215 258.115 3,744.860
202006 5,164.979 257.797 6,615.838
202009 2,271.904 260.280 2,882.328
202012 3,161.924 260.474 4,008.494
202103 3,662.931 264.877 4,566.449
202106 1,263.194 271.696 1,535.257
202109 1,615.131 274.310 1,944.287
202112 -3,670.110 278.802 -4,346.877
202203 1,680.880 287.504 1,930.576
202206 2,385.443 296.311 2,658.370
202209 2,057.923 296.808 2,289.537
202212 2,675.539 296.797 2,976.775
202303 2,348.849 301.836 2,569.675
202306 1,485.500 305.109 1,607.725
202309 1,129.256 307.789 1,211.528
202312 2,136.272 306.746 2,299.703
202403 4,166.460 312.332 4,404.990
202406 1,351.328 314.175 1,420.311
202409 1,393.049 315.301 1,458.933
202412 1,850.207 315.605 1,935.845
202503 1,470.858 319.799 1,518.755
202506 1,434.498 322.561 1,468.528
202509 1,750.815 324.800 1,779.993
202512 2,174.325 324.054 2,215.650
202603 1,680.513 330.213 1,680.513

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 1.96 mean?
Ha Do Group JSC (STC:HDG) has a Cyclically Adjusted PS Ratio of 1.96 as of Jul. 15, 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 Ha Do Group JSC and its competitors. This is 25% below median its historical median of 2.60. Over the past decade, Ha Do Group JSC's Cyclically Adjusted PS Ratio has ranged from 1.93 to 5.13. According to the industry distribution chart, Ha Do Group JSC ranks #697 out of 1360 companies in the Real Estate industry, placing it in the top 51.2%.
Is Ha Do Group JSC's Cyclically Adjusted PS Ratio too high?
Ha Do Group JSC's current Cyclically Adjusted PS Ratio of 1.96 is 25% below median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.13. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.85. Ha Do Group JSC's value of 1.96 is 6.2% above this industry median. Based on the distribution chart, Ha Do Group JSC ranks #697 out of 1360 companies in the Real Estate industry, which is below the industry midpoint. Overall, Ha Do Group JSC has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ha Do Group JSC's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ha Do Group JSC ranks #697 out of 1360 companies for Cyclically Adjusted PS Ratio. This places Ha Do Group JSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Ha Do Group JSC's value of 1.96 is 6.2% above this benchmark. Historically, Ha Do Group JSC's own Cyclically Adjusted PS Ratio has ranged from 1.93 to 5.13 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 1.85, Ha Do Group 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 1.85, based on 1,360 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. Ha Do Group JSC's current Cyclically Adjusted PS Ratio of 1.96 is 6.2% 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 Ha Do Group JSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ha Do Group JSC's current Cyclically Adjusted PS Ratio is 1.96, which is 25% below median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ha Do Group JSC stock overvalued right now?
Based on GuruFocus' analysis, Ha Do Group JSC (STC:HDG) is currently considered Fairly Valued. The stock's GF Value™ is ₫20,390.49, compared to a current price of ₫19,150.00 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.96, which is 25% below median its 10-year median of 2.60 and 6.2% above the Real Estate industry median of 1.85. Ha Do Group JSC's overall GF Score™ is 85/100 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 Ha Do Group JSC (STC:HDG), the current Cyclically Adjusted PS Ratio is 1.96 as of Jul. 15, 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 Ha Do Group JSC (STC:HDG) Overvalued in 2026?

Based on GuruFocus' analysis, Ha Do Group JSC stock appears to be undervalued. The current stock price of ₫19,150.00 is trading 6.1% below its estimated GF Value™ of ₫20,390.49. GuruFocus considers Ha Do Group JSC to be Fairly Valued.

Key valuation signals for STC:HDG:

  • Cyclically Adjusted PS Ratio: 1.96 (25% below median its 10-year median of 2.60)
  • GF Value™: ₫20,390.49 vs. price of ₫19,150.00 (6.1% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 6.2% above the Real Estate median (#697 of 1360)

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


Ha Do Group JSC Business Description

Address 8 Lang Ha Street, Giang Vo Ward, Hanoi, VNM
Ha Do Group JSC is a Vietnam-based company engaged in the investment, construction, and trading of real estate; investment, construction, production and trading of electricity; provision of hotel services; management; office leasing, and other services. The company generates the majority of its revenue from electricity production and business activities.
85GF Score

Get the complete analysis for STC:HDG

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

₫19,150.00
Price
₫20,390.49
GF Value