Saigon - Hanoi Securities JSC (HSTC:SHS) Cyclically Adjusted Revenue per Share: ₫1,820.88 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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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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.

HSTC:SHS Saigon - Hanoi Securities JSC HSTC:SHS
76 GF Score
Price ₫16,400.00
GF Value ₫23,976.42
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Saigon - Hanoi Securities JSC Cyclically Adjusted Revenue per Share?

Saigon - Hanoi Securities JSC HSTC:SHS -2.96% 76 Cyclically Adjusted Revenue per Share is ₫1,820.88 as of Mar. 2026. GuruFocus rates HSTC:SHS with a GF Score™ of 76/100 and a GF Value™ of ₫23,976.42 (Possible Value Trap). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Saigon - Hanoi Securities JSC's adjusted revenue per share for the three months ended in Mar. 2026 was ₫269.621. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₫1,820.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Saigon - Hanoi Securities JSC's average Cyclically Adjusted Revenue Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Saigon - Hanoi Securities JSC was 2.40% per year. The lowest was 2.30% per year. And the median was 2.35% per year.

As of today (2026-07-20), Saigon - Hanoi Securities JSC's current stock price is ₫16400.00. Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₫1,820.88. Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio of today is 9.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Saigon - Hanoi Securities JSC was 15.67. The lowest was 3.32. And the median was 8.27.


Saigon - Hanoi Securities JSC  (HSTC:SHS) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=16400.00/1820.88
=9.01

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Saigon - Hanoi Securities JSC was 15.67. The lowest was 3.32. And the median was 8.27.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Saigon - Hanoi Securities JSC Cyclically Adjusted Revenue per Share Related Terms


Saigon - Hanoi Securities JSC Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share 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.

Saigon - Hanoi Securities JSC Cyclically Adjusted Revenue per Share Chart

Saigon - Hanoi Securities JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,679.92 1,672.59 1,759.50 1,805.69 1,790.20

Saigon - Hanoi Securities 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 Revenue per Share 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 1,836.34 1,857.50 1,930.10 1,790.20 1,820.88

HSTC:SHS vs BLK, BX, KKR: Cyclically Adjusted Revenue per Share Comparison

For the Asset Management subindustry, Saigon - Hanoi 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.


Saigon - Hanoi Securities JSC Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Saigon - Hanoi Securities JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HSTC:SHS
76GF Score
Saigon - Hanoi Securities JSC HSTC:SHS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saigon - Hanoi Securities JSC Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Saigon - Hanoi Securities 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)
=269.621/330.2130*330.2130
=269.621

Current CPI (Mar. 2026) = 330.2130.

Saigon - Hanoi Securities JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 324.393 241.018 444.443
201609 387.916 241.428 530.572
201612 -5.942 241.432 -8.127
201703 174.844 243.801 236.815
201706 272.474 244.955 367.310
201709 534.956 246.819 715.704
201712 608.193 246.524 814.660
201803 866.636 249.554 1,146.744
201806 227.663 251.989 298.336
201809 586.413 252.439 767.081
201812 662.643 251.233 870.958
201903 495.154 254.202 643.214
201906 250.748 256.143 323.258
201909 322.855 256.759 415.218
201912 198.435 256.974 254.990
202003 318.061 258.115 406.903
202006 270.124 257.797 346.003
202009 260.688 260.280 330.731
202012 319.846 260.474 405.481
202103 1,193.896 264.877 1,488.389
202106 770.396 271.696 936.321
202109 442.211 274.310 532.331
202112 983.641 278.802 1,165.024
202203 571.642 287.504 656.560
202206 179.394 296.311 199.919
202209 202.034 296.808 224.772
202212 -341.030 296.797 -379.426
202303 174.099 301.836 190.467
202306 202.296 305.109 218.941
202309 204.963 307.789 219.896
202312 208.369 306.746 224.310
202403 298.100 312.332 315.166
202406 446.586 314.175 469.383
202409 361.362 315.301 378.452
202412 308.921 315.605 323.220
202503 227.561 319.799 234.971
202506 308.931 322.561 316.260
202509 724.439 324.800 736.512
202512 174.077 324.054 177.386
202603 269.621 330.213 269.621

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₫1,820.88 mean?
Saigon - Hanoi Securities JSC (HSTC:SHS) has a Cyclically Adjusted Revenue per Share of ₫1,820.88 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Saigon - Hanoi Securities JSC and its competitors.
Is Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share too high?
Saigon - Hanoi Securities JSC's current Cyclically Adjusted Revenue per Share is ₫1,820.88. Overall, Saigon - Hanoi Securities JSC has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share compare to BLK and BX?
Saigon - Hanoi Securities JSC's Cyclically Adjusted Revenue per Share of ₫1,820.88 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Asset Management company?
A good Cyclically Adjusted Revenue per Share depends on the Asset Management industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Saigon - Hanoi Securities JSC and its competitors. Saigon - Hanoi Securities JSC's current Cyclically Adjusted Revenue per Share is ₫1,820.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saigon - Hanoi Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC (HSTC:SHS) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,976.42, compared to a current price of ₫16,400.00 — trading 31.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₫1,820.88. Saigon - Hanoi Securities JSC's overall GF Score™ is 76/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Saigon - Hanoi Securities JSC (HSTC:SHS), the current Cyclically Adjusted Revenue per Share is ₫1,820.88 as of Mar. 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 Saigon - Hanoi Securities JSC (HSTC:SHS) Overvalued in 2026?

Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC stock appears to be undervalued. The current stock price of ₫16,400.00 is trading 31.6% below its estimated GF Value™ of ₫23,976.42. GuruFocus considers Saigon - Hanoi Securities JSC to be Possible Value Trap.

Key valuation signals for HSTC:SHS:

  • Cyclically Adjusted Revenue per Share: ₫1,820.88
  • GF Value™: ₫23,976.42 vs. price of ₫16,400.00 (31.6% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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


Saigon - Hanoi Securities JSC Business Description

Address Dao Duy Anh Building, 1st Floor, Dong Da, Hanoi, VNM
Saigon - Hanoi Securities JSC is engaged in the trading of securities and the offering of investment services.
76GF Score

Get the complete analysis for HSTC:SHS

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

₫16,400.00
Price
₫23,976.42
GF Value