Nam Mekong Group JSC (HSTC:VC3) Graham Number: ₫11,348.57 (As of Jun. 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.

HSTC:VC3 Nam Mekong Group JSC HSTC:VC3
45 GF Score
Price ₫23,500.00
GF Value ₫16,509.69
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Nam Mekong Group JSC Graham Number?

Nam Mekong Group JSC HSTC:VC3 +0.43% 45 Graham Number is ₫11,348.57 as of Jun. 2026. GuruFocus rates HSTC:VC3 with a GF Score™ of 45/100 and a GF Value™ of ₫16,509.69 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,155 Real Estate companies, Nam Mekong Group JSC ranks worse than 86.75% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-09-01), the stock price of Nam Mekong Group JSC is ₫23500.00. Nam Mekong Group JSC's graham number for the quarter that ended in Jun. 2026 was ₫11,348.57. Therefore, Nam Mekong Group JSC's Price to Graham Number ratio for today is 2.07.

The historical rank and industry rank for Nam Mekong Group JSC's Graham Number or its related term are showing as below:

HSTC:VC3' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95   Med: 1.87   Max: 2.42
Current: 2.07

During the past 3 years, the highest Price to Graham Number ratio of Nam Mekong Group JSC was 2.42. The lowest was 0.95. And the median was 1.87.

HSTC:VC3's Price-to-Graham-Number is ranked worse than
86.75% of 1155 companies
in the Real Estate industry
Industry Median: 0.73 vs HSTC:VC3: 2.07

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Nam Mekong Group JSC  (HSTC:VC3) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Nam Mekong Group JSC's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=23500.00/11,348.57
=2.07

* 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.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Nam Mekong Group JSC Graham Number Related Terms


Nam Mekong Group JSC Graham Number Historical Data

* Premium members only.

The historical data trend for Nam Mekong Group JSC's Graham Number 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.

Nam Mekong Group JSC Graham Number Chart

Nam Mekong Group JSC Annual Data
Trend Dec23 Dec24 Dec25
Graham Number
14,729.14 9,628.09 12,198.39

Nam Mekong Group JSC Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,848.80 12,710.66 13,226.46 14,005.02 11,348.57

Nam Mekong Group JSC Graham Number Competitor Comparison

For the Real Estate - Development subindustry, Nam Mekong Group JSC's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.


Nam Mekong Group JSC Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nam Mekong Group JSC's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Nam Mekong Group JSC's Price-to-Graham-Number falls into.


HSTC:VC3
45GF Score
Nam Mekong Group JSC HSTC:VC3
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nam Mekong Group JSC Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Nam Mekong Group JSC's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*9589.613*689.638)
=12,198.39

Nam Mekong Group JSC's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*10438.189*548.371)
=11,348.57

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₫11,348.57 mean?
Nam Mekong Group JSC (HSTC:VC3) has a Graham Number of ₫11,348.57 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nam Mekong Group JSC and its competitors. According to the industry distribution chart, Nam Mekong Group JSC ranks #1002 out of 1155 companies in the Real Estate industry, placing it in the top 86.8%.
Is Nam Mekong Group JSC's Graham Number too high?
Nam Mekong Group JSC's current Graham Number is ₫11,348.57. Based on the distribution chart, Nam Mekong Group JSC ranks #1002 out of 1155 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Nam Mekong Group JSC has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nam Mekong Group JSC's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Nam Mekong Group JSC ranks #1002 out of 1155 companies for Graham Number. This places Nam Mekong Group JSC in the lower half of its industry. The industry median Graham Number is 0.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Real Estate company?
The median Graham Number among Real Estate companies is 0.73, based on 1,155 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nam Mekong Group JSC and its competitors. For the Real Estate industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nam Mekong Group JSC's current Graham Number is ₫11,348.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nam Mekong Group JSC stock overvalued right now?
Based on GuruFocus' analysis, Nam Mekong Group JSC (HSTC:VC3) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫16,509.69, compared to a current price of ₫23,500.00 — trading 42.3% above its estimated fair value. The current Graham Number is ₫11,348.57. Nam Mekong Group JSC's overall GF Score™ is 45/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Nam Mekong Group JSC (HSTC:VC3), the current Graham Number is ₫11,348.57 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 Nam Mekong Group JSC (HSTC:VC3) Overvalued in 2026?

Based on GuruFocus' analysis, Nam Mekong Group JSC stock appears to be overvalued. The current stock price of ₫23,500.00 is trading 42.3% above its estimated GF Value™ of ₫16,509.69. GuruFocus considers Nam Mekong Group JSC to be Significantly Overvalued.

Key valuation signals for HSTC:VC3:

  • Graham Number: ₫11,348.57
  • GF Value™: ₫16,509.69 vs. price of ₫23,500.00 (42.3% above fair value)
  • GF Score™: 45/100 with 9 warning signs

No single metric tells the full story. See the HSTC:VC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nam Mekong Group JSC Business Description

Address 36 Hoang Cau, 11th Floor, Geleximco Building, O Cho Dua Ward, Dong Da District, Hanoi, VNM
Nam Mekong Group JSC is engaged in real estate development and operations. It also invests in and develops urban, industrial, and resort real estate properties, as well as invests in renewable energy and seaport logistics projects.
45GF Score

Get the complete analysis for HSTC:VC3

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

₫23,500.00
Price
₫16,509.69
GF Value