Thien Viet Securities JSC (STC:TVS) E10: ₫1,197.02 (As of Jun. 2026)

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STC:TVS Thien Viet Securities JSC STC:TVS
70 GF Score
Price ₫14,000.00
GF Value ₫11,926.07
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Thien Viet Securities JSC E10?

Thien Viet Securities JSC STC:TVS -1.06% 70 E10 is ₫1,197.02 as of Jun. 2026. GuruFocus rates STC:TVS with a GF Score™ of 70/100 and a GF Value™ of ₫11,926.07 (Modestly Overvalued). The stock has 7 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.

Thien Viet Securities JSC's adjusted earnings per share data for the three months ended in Jun. 2026 was ₫13.106. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₫1,197.02 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Thien Viet Securities JSC's average E10 Growth Rate was 2.80% 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.

As of today (2026-08-26), Thien Viet Securities JSC's current stock price is ₫14000.00. Thien Viet Securities JSC's E10 for the quarter that ended in Jun. 2026 was ₫1,197.02. Thien Viet Securities JSC's Shiller PE Ratio of today is 11.70.

During the past 11 years, the highest Shiller PE Ratio of Thien Viet Securities JSC was 15.29. The lowest was 9.91. And the median was 11.30.


Thien Viet Securities JSC  (STC:TVS) 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.

Thien Viet Securities JSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14000.00/1197.02
=11.70

* 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 11 years, the highest Shiller P/E Ratio of Thien Viet Securities JSC was 15.29. The lowest was 9.91. And the median was 11.30.


Be Aware

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


Thien Viet Securities JSC E10 Related Terms


Thien Viet Securities JSC E10 Historical Data

* Premium members only.

The historical data trend for Thien Viet Securities 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.

Thien Viet Securities JSC E10 Chart

Thien Viet Securities 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 0.00 0.00 0.00 0.00 1,227.29

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
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 1,164.09 1,234.96 1,227.29 1,215.95 1,197.02

STC:TVS vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Thien Viet Securities 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.


Thien Viet Securities JSC Shiller PE Ratio vs Capital Markets Industry

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

* The bar in red indicates where Thien Viet Securities JSC's Shiller PE Ratio falls into.


STC:TVS
70GF Score
Thien Viet Securities JSC STC:TVS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thien Viet Securities 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, Thien Viet Securities 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)
=13.106/333.9520*333.9520
=13.106

Current CPI (Jun. 2026) = 333.9520.

Thien Viet Securities JSC Quarterly Data

per share eps CPI Adj_EPS
201609 0.000 241.428 0.000
201612 149.971 241.432 207.442
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 301.490 246.524 408.411
201803 341.318 249.554 456.750
201806 -36.740 251.989 -48.690
201809 298.882 252.439 395.392
201812 208.860 251.233 277.628
201903 184.801 254.202 242.778
201906 95.678 256.143 124.742
201909 70.287 256.759 91.418
201912 230.153 256.974 299.097
202003 -446.427 258.115 -577.592
202006 553.573 257.797 717.102
202009 346.544 260.280 444.633
202012 608.501 260.474 780.155
202103 696.831 264.877 878.552
202106 564.840 271.696 694.267
202109 320.162 274.310 389.773
202112 686.951 278.802 822.837
202203 174.924 287.504 203.184
202206 -120.755 296.311 -136.095
202209 78.435 296.808 88.251
202212 35.321 296.797 39.743
202303 148.610 301.836 164.422
202306 563.142 305.109 616.378
202309 284.750 307.789 308.955
202312 115.974 306.746 126.260
202403 465.967 312.332 498.222
202406 119.860 314.175 127.405
202409 221.480 315.301 234.581
202412 479.283 315.605 507.145
202503 217.757 319.799 227.394
202506 239.552 322.561 248.012
202509 826.789 324.800 850.086
202512 40.721 324.054 41.965
202603 9.346 330.213 9.452
202606 13.106 333.952 13.106

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 ₫1,197.02 mean?
Thien Viet Securities JSC (STC:TVS) has a E10 of ₫1,197.02 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Thien Viet Securities JSC and its competitors.
Is Thien Viet Securities JSC's E10 too high?
Thien Viet Securities JSC's current E10 is ₫1,197.02. Overall, Thien Viet Securities JSC has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thien Viet Securities JSC's E10 compare to MS and GS?
Thien Viet Securities JSC's E10 of ₫1,197.02 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 E10 for a Capital Markets company?
A good E10 depends on the Capital Markets 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 Thien Viet Securities JSC and its competitors. Thien Viet Securities JSC's current E10 is ₫1,197.02. 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 ₫11,926.07, compared to a current price of ₫14,000.00 — trading 17.4% above its estimated fair value. The current E10 is ₫1,197.02. Thien Viet Securities JSC's overall GF Score™ is 70/100 with 7 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 Thien Viet Securities JSC (STC:TVS), the current E10 is ₫1,197.02 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 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 ₫14,000.00 is trading 17.4% above its estimated GF Value™ of ₫11,926.07. GuruFocus considers Thien Viet Securities JSC to be Modestly Overvalued.

Key valuation signals for STC:TVS:

  • E10: ₫1,197.02
  • GF Value™: ₫11,926.07 vs. price of ₫14,000.00 (17.4% above fair value)
  • GF Score™: 70/100 with 7 warning signs

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.
70GF Score

Get the complete analysis for STC:TVS

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

₫14,000.00
Price
₫11,926.07
GF Value