Song Ba Ha Hydro Power JSC (HSTC:SBH) PE Ratio without NRI: 8.64 (As of Jul. 28, 2026) — 39% Below Median

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:SBH Song Ba Ha Hydro Power JSC HSTC:SBH
40 GF Score
Price ₫38,500.00
! 1 Warning Sign
View Full Analysis

What is Song Ba Ha Hydro Power JSC PE Ratio without NRI?

Song Ba Ha Hydro Power JSC HSTC:SBH -1.53% 40 PE Ratio without NRI is 8.64 as of Jul. 28, 2026, which is 39% below its 10-year median of 14.08. GuruFocus rates HSTC:SBH with a GF Score™ of 40/100. The stock has 1 warning sign investors should review. Among 294 Utilities - Independent Power Producers companies, Song Ba Ha Hydro Power JSC ranks worse than 340135.71% on this metric.

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-28), Song Ba Ha Hydro Power JSC's share price is ₫38500.00. Song Ba Ha Hydro Power JSC's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ₫4,457.27. Therefore, Song Ba Ha Hydro Power JSC's PE Ratio without NRI for today is 8.64.

During the past 3 years, Song Ba Ha Hydro Power JSC's highest PE Ratio without NRI was 48.06. The lowest was 8.46. And the median was 14.08.

Song Ba Ha Hydro Power JSC's EPS without NRI for the three months ended in Jun. 2026 was ₫163.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ₫4,457.27.

As of today (2026-07-28), Song Ba Ha Hydro Power JSC's share price is ₫38500.00. Song Ba Ha Hydro Power JSC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₫4,457.27. Therefore, Song Ba Ha Hydro Power JSC's PE Ratio (TTM) for today is 8.64.

Good Sign:

Song Ba Ha Hydro Power JSC stock PE Ratio (=8.46) is close to 2-year low of 8.46.

During the past years, Song Ba Ha Hydro Power JSC's highest PE Ratio (TTM) was 47.96. The lowest was 8.46. And the median was 14.08.

Song Ba Ha Hydro Power JSC's EPS (Diluted) for the three months ended in Jun. 2026 was ₫163.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₫4,457.27.

Song Ba Ha Hydro Power JSC's EPS (Basic) for the three months ended in Jun. 2026 was ₫163.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was ₫4,457.27.


Song Ba Ha Hydro Power JSC  (HSTC:SBH) PE Ratio without NRI Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.


Song Ba Ha Hydro Power JSC PE Ratio without NRI Related Terms


Song Ba Ha Hydro Power JSC PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Song Ba Ha Hydro Power JSC's PE Ratio without NRI 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.

Song Ba Ha Hydro Power JSC PE Ratio without NRI Chart

Song Ba Ha Hydro Power JSC Annual Data
Trend Dec23 Dec24 Dec25
PE Ratio without NRI
15.18 23.08 9.20

Song Ba Ha Hydro Power JSC Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PE Ratio without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 16.12 11.83 9.20 8.95 At Loss

Song Ba Ha Hydro Power JSC PE Ratio without NRI Competitor Comparison

For the Utilities - Renewable subindustry, Song Ba Ha Hydro Power JSC's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Song Ba Ha Hydro Power JSC PE Ratio without NRI vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Song Ba Ha Hydro Power JSC's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Song Ba Ha Hydro Power JSC's PE Ratio without NRI falls into.


HSTC:SBH
40GF Score
Song Ba Ha Hydro Power JSC HSTC:SBH
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Song Ba Ha Hydro Power JSC PE Ratio without NRI Calculation

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.

Song Ba Ha Hydro Power JSC's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=38500.00/4457.268
=8.64

Song Ba Ha Hydro Power JSC's Share Price of today is ₫38500.00.
Song Ba Ha Hydro Power JSC's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫4,457.27.

* 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.

There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.

For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 8.64 mean?
Song Ba Ha Hydro Power JSC (HSTC:SBH) has a PE Ratio without NRI of 8.64 as of Jul. 28, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Song Ba Ha Hydro Power JSC and its competitors. This is 39% below median its historical median of 14.08. Over the past decade, Song Ba Ha Hydro Power JSC's PE Ratio without NRI has ranged from 8.46 to 48.06. According to the industry distribution chart, Song Ba Ha Hydro Power JSC ranks #999999 out of 294 companies in the Utilities - Independent Power Producers industry.
Is Song Ba Ha Hydro Power JSC's PE Ratio without NRI too high?
Song Ba Ha Hydro Power JSC's current PE Ratio without NRI of 8.64 is 39% below median its 10-year median of 14.08. Over the past 10 years, this metric has ranged from a low of 8.46 to a high of 48.06. The Utilities - Independent Power Producers industry median PE Ratio without NRI is 20.18. Song Ba Ha Hydro Power JSC's value of 8.64 is 57.2% below this industry median. Based on the distribution chart, Song Ba Ha Hydro Power JSC ranks #999999 out of 294 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Song Ba Ha Hydro Power JSC has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Song Ba Ha Hydro Power JSC's PE Ratio without NRI compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Song Ba Ha Hydro Power JSC ranks #999999 out of 294 companies for PE Ratio without NRI. This places Song Ba Ha Hydro Power JSC in the lower half of its industry. The industry median PE Ratio without NRI is 20.18. Song Ba Ha Hydro Power JSC's value of 8.64 is 57.2% below this benchmark. Historically, Song Ba Ha Hydro Power JSC's own PE Ratio without NRI has ranged from 8.46 to 48.06 over the past decade. While the company's 10-year median is 14.08 vs. the industry median of 20.18, Song Ba Ha Hydro Power JSC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for an Utilities - Independent Power Producers company?
The median PE Ratio without NRI among Utilities - Independent Power Producers companies is 20.18, based on 294 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Song Ba Ha Hydro Power JSC's current PE Ratio without NRI of 8.64 is 57.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Song Ba Ha Hydro Power JSC and its competitors. For the Utilities - Independent Power Producers industry, the median PE Ratio without NRI is 20.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Ba Ha Hydro Power JSC's current PE Ratio without NRI is 8.64, which is 39% below median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Ba Ha Hydro Power JSC stock overvalued right now?
Song Ba Ha Hydro Power JSC (HSTC:SBH) has a current PE Ratio without NRI of 8.64. The current PE Ratio without NRI is 8.64, which is 39% below median its 10-year median of 14.08 and 57.2% below the Utilities - Independent Power Producers industry median of 20.18. Song Ba Ha Hydro Power JSC's overall GF Score™ is 40/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Song Ba Ha Hydro Power JSC (HSTC:SBH), the current PE Ratio without NRI is 8.64 as of Jul. 28, 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.

Song Ba Ha Hydro Power JSC Business Description

Address 498 Hung Vuong Avenue, Tuy Hoa Ward, Dak Lak Province, Tuy Hoa, VNM
Song Ba Ha Hydro Power JSC is a Vietnam-based company mainly focused on electricity production and trading. It operates the Song Ba Ha Hydropower Plant with a design capacity of 220 MW and an average annual electricity output of approximately 601.7 million kWh, located on the Ba River, within the administrative boundaries of Song Hinh district (Phu Yen province) and Krong Ba district (Gia Lai province). Additionally, the company focuses on investment and management of power generation projects, and provides services for the operation, repair, and maintenance of power infrastructure.
40GF Score

Get the complete analysis for HSTC:SBH

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫38,500.00
Price