Vndirect Securities (STC:VND) Cyclically Adjusted Revenue per Share: ₫2,342.69 (As of Mar. 2026)

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:VND Vndirect Securities Corp STC:VND
88 GF Score
Price ₫17,700.00
GF Value ₫20,193.13
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Vndirect Securities Cyclically Adjusted Revenue per Share?

Vndirect Securities STC:VND 88 Cyclically Adjusted Revenue per Share is ₫2,342.69 as of Mar. 2026. GuruFocus rates STC:VND with a GF Score™ of 88/100 and a GF Value™ of ₫20,193.13 (Modestly Undervalued). The stock has 4 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.

Vndirect Securities's adjusted revenue per share for the three months ended in Mar. 2026 was ₫566.228. 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 ₫2,342.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vndirect Securities's average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% 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 Vndirect Securities was 9.00% per year. The lowest was 7.30% per year. And the median was 8.15% per year.

As of today (2026-07-15), Vndirect Securities's current stock price is ₫17700.00. Vndirect Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₫2,342.69. Vndirect Securities's Cyclically Adjusted PS Ratio of today is 7.56.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Vndirect Securities was 17.93. The lowest was 4.65. And the median was 8.32.


Vndirect Securities  (STC:VND) 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.

Vndirect Securities's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17700.00/2342.69
=7.56

* 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 Vndirect Securities was 17.93. The lowest was 4.65. And the median was 8.32.


Be Aware

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


Vndirect Securities Cyclically Adjusted Revenue per Share Related Terms


Vndirect Securities Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Vndirect Securities'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.

Vndirect Securities Cyclically Adjusted Revenue per Share Chart

Vndirect Securities 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 1,649.35 1,837.10 2,049.99 2,134.36 2,271.35

Vndirect Securities 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 2,185.74 2,224.47 2,289.53 2,271.35 2,342.69

STC:VND vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, Vndirect Securities'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.


Vndirect Securities Cyclically Adjusted PS Ratio vs Capital Markets Industry

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

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


STC:VND
88GF Score
Vndirect Securities Corp STC:VND
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vndirect Securities 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, Vndirect Securities'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)
=566.228/330.2130*330.2130
=566.228

Current CPI (Mar. 2026) = 330.2130.

Vndirect Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 393.695 241.018 539.392
201609 847.112 241.428 1,158.637
201612 -111.178 241.432 -152.061
201703 382.387 243.801 517.919
201706 345.160 244.955 465.295
201709 367.993 246.819 492.329
201712 310.448 246.524 415.838
201803 468.530 249.554 619.965
201806 228.537 251.989 299.481
201809 338.401 252.439 442.659
201812 315.630 251.233 414.854
201903 308.862 254.202 401.217
201906 199.227 256.143 256.838
201909 305.938 256.759 393.461
201912 347.367 256.974 446.369
202003 488.532 258.115 624.991
202006 501.111 257.797 641.875
202009 517.868 260.280 657.011
202012 535.725 260.474 679.159
202103 1,204.304 264.877 1,501.364
202106 785.682 271.696 954.900
202109 548.763 274.310 660.598
202112 533.425 278.802 631.788
202203 473.531 287.504 543.874
202206 725.222 296.311 808.197
202209 589.199 296.808 655.512
202212 362.305 296.797 403.096
202303 434.573 301.836 475.429
202306 621.349 305.109 672.473
202309 751.708 307.789 806.474
202312 793.671 306.746 854.389
202403 572.592 312.332 605.373
202406 588.867 314.175 618.927
202409 514.307 315.301 538.631
202412 343.120 315.605 359.002
202503 441.383 319.799 455.756
202506 564.911 322.561 578.312
202509 857.047 324.800 871.330
202512 539.773 324.054 550.032
202603 566.228 330.213 566.228

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 ₫2,342.69 mean?
Vndirect Securities (STC:VND) has a Cyclically Adjusted Revenue per Share of ₫2,342.69 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 Vndirect Securities and its competitors.
Is Vndirect Securities' Cyclically Adjusted Revenue per Share too high?
Vndirect Securities' current Cyclically Adjusted Revenue per Share is ₫2,342.69. Overall, Vndirect Securities has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vndirect Securities' Cyclically Adjusted Revenue per Share compare to MS and GS?
Vndirect Securities' Cyclically Adjusted Revenue per Share of ₫2,342.69 can be compared against companies in the Capital Markets 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 a Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 Vndirect Securities and its competitors. Vndirect Securities's current Cyclically Adjusted Revenue per Share is ₫2,342.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vndirect Securities stock overvalued right now?
Based on GuruFocus' analysis, Vndirect Securities (STC:VND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫20,193.13, compared to a current price of ₫17,700.00 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₫2,342.69. Vndirect Securities' overall GF Score™ is 88/100 with 4 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 Vndirect Securities (STC:VND), the current Cyclically Adjusted Revenue per Share is ₫2,342.69 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 Vndirect Securities (STC:VND) Overvalued in 2026?

Based on GuruFocus' analysis, Vndirect Securities stock appears to be undervalued. The current stock price of ₫17,700.00 is trading 12.3% below its estimated GF Value™ of ₫20,193.13. GuruFocus considers Vndirect Securities to be Modestly Undervalued.

Key valuation signals for STC:VND:

  • Cyclically Adjusted Revenue per Share: ₫2,342.69
  • GF Value™: ₫20,193.13 vs. price of ₫17,700.00 (12.3% below fair value)
  • GF Score™: 88/100 with 4 warning signs

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


Vndirect Securities Business Description

Address 1 Nguyen Thuong Hien Street, Hai Ba Trung District, Hanoi, VNM
Vndirect Securities Corp is engaged in the brokerage business. The company provides corporate finance consulting, self-trading, underwriting, and portfolio management.
88GF Score

Get the complete analysis for STC:VND

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

₫17,700.00
Price
₫20,193.13
GF Value