Hoa Phat Group JSC (STC:HPG) E10: ₫1,841.59 (As of Jun. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:HPG Hoa Phat Group JSC STC:HPG
92 GF Score
Price ₫22,100.00
GF Value ₫33,381.23
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Hoa Phat Group JSC E10?

Hoa Phat Group JSC STC:HPG -0.45% 92 E10 is ₫1,841.59 as of Jun. 2026. GuruFocus rates STC:HPG with a GF Score™ of 92/100 and a GF Value™ of ₫33,381.23 (Possible Value Trap). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Hoa Phat Group JSC's adjusted earnings per share data for the three months ended in Jun. 2026 was ₫830.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₫1,841.59 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Hoa Phat Group JSC's average E10 Growth Rate was 17.00% per year. During the past 3 years, the average E10 Growth Rate was 8.80% per year. During the past 5 years, the average E10 Growth Rate was 14.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Hoa Phat Group JSC was 22.10% per year. The lowest was 8.80% per year. And the median was 9.60% per year.

As of today (2026-08-29), Hoa Phat Group JSC's current stock price is ₫22100.00. Hoa Phat Group JSC's E10 for the quarter that ended in Jun. 2026 was ₫1,841.59. Hoa Phat Group JSC's Shiller PE Ratio of today is 12.00.

During the past 13 years, the highest Shiller PE Ratio of Hoa Phat Group JSC was 34.42. The lowest was 6.46. And the median was 14.25.


Hoa Phat Group JSC  (STC:HPG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Hoa Phat Group JSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22100.00/1841.59
=12.00

* 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 Shiller P/E Ratio of Hoa Phat Group JSC was 34.42. The lowest was 6.46. And the median was 14.25.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Hoa Phat Group JSC E10 Related Terms


Hoa Phat Group JSC E10 Historical Data

* Premium members only.

The historical data trend for Hoa Phat Group JSC's E10 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.

Hoa Phat Group JSC E10 Chart

Hoa Phat Group JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,127.34 1,284.99 1,377.53 1,485.36 1,656.67

Hoa Phat Group JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 1,574.37 1,613.79 1,656.67 1,775.82 1,841.59

STC:HPG vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, Hoa Phat Group JSC's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Hoa Phat Group JSC Shiller PE Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Hoa Phat Group JSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hoa Phat Group JSC's Shiller PE Ratio falls into.


STC:HPG
92GF Score
Hoa Phat Group JSC STC:HPG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoa Phat Group JSC E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Hoa Phat Group JSC's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=830.05/333.9520*333.9520
=830.050

Current CPI (Jun. 2026) = 333.9520.

Hoa Phat Group JSC Quarterly Data

per share eps CPI Adj_EPS
201609 213.552 241.428 295.393
201612 184.096 241.432 254.644
201703 257.386 243.801 352.560
201706 218.584 244.955 298.000
201709 253.360 246.819 342.802
201712 283.775 246.524 384.414
201803 262.192 249.554 350.864
201806 259.940 251.989 344.489
201809 284.486 252.439 376.347
201812 208.953 251.233 277.751
201903 213.285 254.202 280.198
201906 241.048 256.143 314.272
201909 207.833 256.759 270.317
201912 227.049 256.974 295.063
202003 270.668 258.115 350.193
202006 324.859 257.797 420.825
202009 446.839 260.280 573.316
202012 402.898 260.474 516.553
202103 826.420 264.877 1,041.935
202106 1,151.404 271.696 1,415.235
202109 1,226.061 274.310 1,492.638
202112 677.881 278.802 811.973
202203 973.217 287.504 1,130.446
202206 477.578 296.311 538.246
202209 -210.129 296.808 -236.426
202212 -240.878 296.797 -271.033
202303 47.080 301.836 52.089
202306 172.928 305.109 189.275
202309 237.443 307.789 257.626
202312 352.097 306.746 383.325
202403 339.994 312.332 363.529
202406 393.135 314.175 417.882
202409 358.039 315.301 379.218
202412 332.658 315.605 351.996
202503 396.099 319.799 413.629
202506 504.141 322.561 521.944
202509 472.381 324.800 485.691
202512 457.301 324.054 471.269
202603 1,065.260 330.213 1,077.322
202606 830.050 333.952 830.050

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₫1,841.59 mean?
Hoa Phat Group JSC (STC:HPG) has a E10 of ₫1,841.59 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hoa Phat Group JSC and its competitors.
Is Hoa Phat Group JSC's E10 too high?
Hoa Phat Group JSC's current E10 is ₫1,841.59. Overall, Hoa Phat Group JSC has a GF Score™ of 92/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hoa Phat Group JSC's E10 compare to NUE and STLD?
Hoa Phat Group JSC's E10 of ₫1,841.59 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Steel company?
A good E10 depends on the Steel industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hoa Phat Group JSC and its competitors. Hoa Phat Group JSC's current E10 is ₫1,841.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoa Phat Group JSC stock overvalued right now?
Based on GuruFocus' analysis, Hoa Phat Group JSC (STC:HPG) is currently considered Possible Value Trap. The stock's GF Value™ is ₫33,381.23, compared to a current price of ₫22,100.00 — trading 33.8% below its estimated fair value. The current E10 is ₫1,841.59. Hoa Phat Group JSC's overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Hoa Phat Group JSC (STC:HPG), the current E10 is ₫1,841.59 as of Jun. 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 Hoa Phat Group JSC (STC:HPG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoa Phat Group JSC stock appears to be undervalued. The current stock price of ₫22,100.00 is trading 33.8% below its estimated GF Value™ of ₫33,381.23. GuruFocus considers Hoa Phat Group JSC to be Possible Value Trap.

Key valuation signals for STC:HPG:

  • E10: ₫1,841.59
  • GF Value™: ₫33,381.23 vs. price of ₫22,100.00 (33.8% below fair value)
  • GF Score™: 92/100 with 6 warning signs

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


Hoa Phat Group JSC Business Description

Address 66 Nguyen Du, P. Nguyen Du, Hai Ba Trung District, Hanoi, VNM
Hoa Phat Group JSC is engaged in the business of steel production and trading. The company operates through four segments which include Production and trading of steel:, Other industrial production, Construction and development of real estate, and Agriculture. The core segment for operations is the steel production and trading accounts for the majority of the Groups revenue.
92GF Score

Get the complete analysis for STC:HPG

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫22,100.00
Price
₫33,381.23
GF Value