Phu Nhuan Jewelry JSC (STC:PNJ) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:PNJ Phu Nhuan Jewelry JSC STC:PNJ
96 GF Score
Price ₫32,500.00
GF Value ₫70,056.80
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Phu Nhuan Jewelry JSC Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Phu Nhuan Jewelry JSC  (STC:PNJ) 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.


Phu Nhuan Jewelry JSC Cyclically Adjusted PS Ratio Related Terms


Phu Nhuan Jewelry JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Phu Nhuan Jewelry 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.

Phu Nhuan Jewelry JSC Cyclically Adjusted PS Ratio Chart

Phu Nhuan Jewelry 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 1.39 1.42 1.22 1.25 1.13

Phu Nhuan Jewelry JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.00 0.99 1.13 1.18 0.00

STC:PNJ vs TPR, SIG: Cyclically Adjusted PS Ratio Comparison

For the Luxury Goods subindustry, Phu Nhuan Jewelry 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.


Phu Nhuan Jewelry JSC Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Phu Nhuan Jewelry JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Phu Nhuan Jewelry JSC's Cyclically Adjusted PS Ratio falls into.


STC:PNJ
96GF Score
Phu Nhuan Jewelry JSC STC:PNJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phu Nhuan Jewelry 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.

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

For example, Phu Nhuan Jewelry 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)
=19913.374/333.9520*333.9520
=19,913.374

Current CPI (Jun. 2026) = 333.9520.

Phu Nhuan Jewelry JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5,042.338 241.428 6,974.746
201612 6,726.787 241.432 9,304.583
201703 8,009.651 243.801 10,971.403
201706 5,965.109 244.955 8,132.351
201709 5,269.779 246.819 7,130.137
201712 9,304.982 246.524 12,604.928
201803 9,573.093 249.554 12,810.668
201806 27,736.789 251.989 36,758.573
201809 7,288.048 252.439 9,641.372
201812 9,124.271 251.233 12,128.457
201903 10,739.934 254.202 14,109.340
201906 6,653.761 256.143 8,674.985
201909 8,832.909 256.759 11,488.468
201912 11,119.930 256.974 14,450.967
202003 11,097.800 258.115 14,358.455
202006 6,094.468 257.797 7,894.816
202009 8,705.128 260.280 11,169.106
202012 12,485.890 260.474 16,008.077
202103 15,788.069 264.877 19,905.304
202106 9,294.726 271.696 11,424.505
202109 1,805.845 274.310 2,198.482
202112 15,466.023 278.802 18,525.367
202203 27,897.871 287.504 32,404.940
202206 16,031.475 296.311 18,067.986
202209 18,896.196 296.808 21,260.958
202212 16,873.810 296.797 18,986.184
202303 19,322.862 301.836 21,378.856
202306 12,342.810 305.109 13,509.618
202309 13,179.642 307.789 14,299.952
202312 17,947.091 306.746 19,538.859
202403 23,487.336 312.332 25,113.158
202406 17,505.074 314.175 18,607.001
202409 14,204.054 315.301 15,044.266
202412 15,700.708 315.605 16,613.434
202503 17,571.904 319.799 18,349.565
202506 20,890.881 322.561 21,628.627
202509 14,989.635 324.800 15,412.003
202512 17,689.520 324.054 18,229.834
202603 31,472.386 330.213 31,828.748
202606 19,913.374 333.952 19,913.374

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 Phu Nhuan Jewelry JSC (STC:PNJ) Overvalued in 2026?

Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC stock appears to be undervalued. The current stock price of ₫32,500.00 is trading 53.6% below its estimated GF Value™ of ₫70,056.80. GuruFocus considers Phu Nhuan Jewelry JSC to be Significantly Undervalued.

Key valuation signals for STC:PNJ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₫70,056.80 vs. price of ₫32,500.00 (53.6% below fair value)
  • GF Score™: 96/100 with 3 warning signs

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


Phu Nhuan Jewelry JSC Business Description

Address 170E Phan Dang Luu Street, Ward 4, Phu Nhuan District, Ho Chi Minh, VNM
Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones, and imports and exports jewelry in gold, silver, and gemstones. The other activities are mainly trading accessories and jewelry inspection services. It offers products such as rings, earrings, bracelets, pendants, necklaces, etc., under different brands such as CAO Fine Jewellery, Mancode by PNJ, Style by PNJ, PNJArt, PNJ Silver and Accessories, and others. Geographically, the company conducts its operations only in Vietnam.
96GF Score

Get the complete analysis for STC:PNJ

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

₫32,500.00
Price
₫70,056.80
GF Value