Thien Viet Securities JSC (STC:TVS) Cyclically Adjusted PS Ratio: 4.47 (As of Aug. 21, 2026) — Near Median

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STC:TVS Thien Viet Securities JSC STC:TVS
77 GF Score
Price ₫14,050.00
GF Value ₫11,931.79
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Thien Viet Securities JSC Cyclically Adjusted PS Ratio?

Thien Viet Securities JSC STC:TVS -1.06% 77 Cyclically Adjusted PS Ratio is 4.47 as of Aug. 21, 2026, which is 3% below its 10-year median of 4.60. GuruFocus rates STC:TVS with a GF Score™ of 77/100 and a GF Value™ of ₫11,931.79 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 585 Capital Markets companies, Thien Viet Securities JSC ranks worse than 56.58% on this metric.

As of today (2026-08-21), Thien Viet Securities JSC's current share price is ₫14050.00. Thien Viet Securities JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₫3,143.78. Thien Viet Securities JSC's Cyclically Adjusted PS Ratio for today is 4.47.

The historical rank and industry rank for Thien Viet Securities JSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

STC:TVS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.91   Med: 4.6   Max: 6.2
Current: 4.52

During the past years, Thien Viet Securities JSC's highest Cyclically Adjusted PS Ratio was 6.20. The lowest was 3.91. And the median was 4.60.

STC:TVS's Cyclically Adjusted PS Ratio is ranked worse than
56.58% of 585 companies
in the Capital Markets industry
Industry Median: 3.55 vs STC:TVS: 4.52

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.

Thien Viet Securities JSC's adjusted revenue per share data for the three months ended in Jun. 2026 was ₫513.786. 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 ₫3,143.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thien Viet Securities JSC  (STC:TVS) 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.


Thien Viet Securities JSC Cyclically Adjusted PS Ratio Related Terms


Thien Viet Securities JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thien Viet 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.

Thien Viet Securities JSC Cyclically Adjusted PS Ratio Chart

Thien Viet 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 0.00 0.00 0.00 0.00 4.61

Thien Viet Securities 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 4.65 5.09 4.61 4.09 4.40

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

For the Capital Markets subindustry, Thien Viet 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.


Thien Viet Securities JSC Cyclically Adjusted PS Ratio vs Capital Markets Industry

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

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


STC:TVS
77GF Score
Thien Viet Securities JSC STC:TVS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thien Viet 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.

Thien Viet Securities JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14050.00/3143.78
=4.47

* 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.

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

For example, Thien Viet 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)
=513.786/333.9520*333.9520
=513.786

Current CPI (Jun. 2026) = 333.9520.

Thien Viet Securities JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 211.654 241.428 292.768
201612 307.929 241.432 425.932
201703 217.550 243.801 297.994
201706 306.811 244.955 418.282
201709 268.263 246.819 362.966
201712 502.845 246.524 681.175
201803 521.120 249.554 697.360
201806 566.185 251.989 750.345
201809 242.382 252.439 320.648
201812 725.218 251.233 963.998
201903 281.025 254.202 369.190
201906 348.825 256.143 454.788
201909 131.324 256.759 170.806
201912 649.232 256.974 843.713
202003 363.358 258.115 470.117
202006 390.418 257.797 505.750
202009 429.280 260.280 550.787
202012 595.228 260.474 763.138
202103 982.330 264.877 1,238.503
202106 1,434.487 271.696 1,763.183
202109 591.755 274.310 720.418
202112 1,017.368 278.802 1,218.614
202203 671.391 287.504 779.858
202206 1,100.950 296.311 1,240.806
202209 813.664 296.808 915.490
202212 830.084 296.797 933.999
202303 852.513 301.836 943.222
202306 1,177.396 305.109 1,288.699
202309 1,465.580 307.789 1,590.159
202312 1,009.945 306.746 1,099.519
202403 1,199.334 312.332 1,282.353
202406 1,366.482 314.175 1,452.501
202409 401.476 315.301 425.225
202412 912.475 315.605 965.520
202503 619.196 319.799 646.599
202506 475.804 322.561 492.607
202509 1,397.550 324.800 1,436.929
202512 503.679 324.054 519.064
202603 623.899 330.213 630.963
202606 513.786 333.952 513.786

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 4.47 mean?
Thien Viet Securities JSC (STC:TVS) has a Cyclically Adjusted PS Ratio of 4.47 as of Aug. 21, 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 Thien Viet Securities JSC and its competitors. This is near median its historical median of 4.60. Over the past decade, Thien Viet Securities JSC's Cyclically Adjusted PS Ratio has ranged from 3.91 to 6.20. According to the industry distribution chart, Thien Viet Securities JSC ranks #331 out of 585 companies in the Capital Markets industry, placing it in the top 56.6%.
Is Thien Viet Securities JSC's Cyclically Adjusted PS Ratio too high?
Thien Viet Securities JSC's current Cyclically Adjusted PS Ratio of 4.47 is near median its 10-year median of 4.60. Over the past 10 years, this metric has ranged from a low of 3.91 to a high of 6.20. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.55. Thien Viet Securities JSC's value of 4.47 is 25.9% above this industry median. Based on the distribution chart, Thien Viet Securities JSC ranks #331 out of 585 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Thien Viet Securities JSC has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thien Viet Securities JSC's Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Thien Viet Securities JSC ranks #331 out of 585 companies for Cyclically Adjusted PS Ratio. This places Thien Viet Securities JSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.55. Thien Viet Securities JSC's value of 4.47 is 25.9% above this benchmark. Historically, Thien Viet Securities JSC's own Cyclically Adjusted PS Ratio has ranged from 3.91 to 6.20 over the past decade. While the company's 10-year median is 4.60 vs. the industry median of 3.55, Thien Viet Securities 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.55, based on 585 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. Thien Viet Securities JSC's current Cyclically Adjusted PS Ratio of 4.47 is 25.9% 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 Thien Viet Securities JSC and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thien Viet Securities JSC's current Cyclically Adjusted PS Ratio is 4.47, which is near median its own 10-year median of 4.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thien Viet Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Thien Viet Securities JSC (STC:TVS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫11,931.79, compared to a current price of ₫14,050.00 — trading 17.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.47, which is near median its 10-year median of 4.60 and 25.9% above the Capital Markets industry median of 3.55. Thien Viet Securities JSC's overall GF Score™ is 77/100 with 7 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 Thien Viet Securities JSC (STC:TVS), the current Cyclically Adjusted PS Ratio is 4.47 as of Aug. 21, 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 Thien Viet Securities JSC (STC:TVS) Overvalued in 2026?

Based on GuruFocus' analysis, Thien Viet Securities JSC stock appears to be overvalued. The current stock price of ₫14,050.00 is trading 17.8% above its estimated GF Value™ of ₫11,931.79. GuruFocus considers Thien Viet Securities JSC to be Modestly Overvalued.

Key valuation signals for STC:TVS:

  • Cyclically Adjusted PS Ratio: 4.47 (near median its 10-year median of 4.60)
  • GF Value™: ₫11,931.79 vs. price of ₫14,050.00 (17.8% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 25.9% above the Capital Markets median (#331 of 585)

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


Thien Viet Securities JSC Business Description

Address No. 4 Lang Ha Street, Giang Vo Ward, 15th Floor, HAREC Building, Hanoi, VNM
Thien Viet Securities JSC is engaged in the provision of financial advisory, investment banking, brokerage, research, and investment services. It also provides proprietary trading, financial and securities investment consulting, securities underwriting, and securities depository services.
77GF Score

Get the complete analysis for STC:TVS

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

₫14,050.00
Price
₫11,931.79
GF Value