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BaoViet Holdings (BVH) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of BaoViet Holdings stock VND 29,201, price VND 63,500, that is 54.0% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services VN · ISIN VN000000BVH3

BH BaoViet Holdings logo Broad data Nov 6, 2026

BaoViet Holdings

BVH · VN
Very expensive, weak quality

Our calculation puts a fair price 54% below what the stock costs today.

Healthy Growth (revenue 5y +3.7 %/yr in VND)
1.3% dividend yield · Low payout
Broad data
Profit last quarter +53% vs. a year ago.
Quality 49/100
Thin margins · 5.8% net margin (TTM)
Mixed vs. peers (6/14)
Moderate moat 47/100 · thin data
Fair value 29,201 VND · Strongly overvalued (−54.0%)
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

86,000 VND 36,409 VND Fair Value 29,201 VND Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range 36,409 VND – 86,000 VND · fair‑value band 26,945 VND – 33,037 VND · the 63,500 VND price screens above the 29,201 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Bao Viet Holdings, through its subsidiaries, engages in insurance, financial, and real estate activities in Vietnam.

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The company offers various whole life; endowment; term life; endowment; bancassurance; annuity; universal life; healthcare and personal accident riders; other types of life insurance; property and damages; cargo insurance; hull and P&l insurance; general indemnity insurance; aviation insurance; automobile insurance; fire and special risk insurance; agriculture insurance; and assuming and ceding reinsurance for all types of non-life insurances.

It also provides fund management, investment portfolio management, securities brokerage and trading, investment consulting, securities brokerage, securities underwriting and issuance agency, securities trading, custodian services, investment, and financial consulting services.

In addition, the company engages in the provision of rental and related services; and develops real estate projects. Further, it offers IT and other computer related services; and educational support services and other activities.

Bao Viet Holdings was founded in 1965 and is headquartered in Hanoi, Vietnam.

Stock analysis

BaoViet Holdings (BVH) currently trades at 63,500 VND, while our model-based Fair Value estimate is 29,201 VND, 54% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 47,152 VND per share, and 0 of the 6 models we run sit above the 63,500 VND price.

Bear case: the Dividend Discount group reads lowest at 10,074 VND, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: 26,945 VND (bear) to 33,037 VND (bull), the price of 63,500 VND sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

BaoViet Holdings reported revenue of 58.9T VND in FY2025 versus 50.6T VND in FY2021, a compound +3.9%/yr. Reported net income was 2.8T VND in FY2025, compounding +10.6%/yr from FY2021.

Key figures

Market cap 47.1T VND (≈ $1.8B) Small · P/E ratio 13.7 · P/S ratio 0.82 · EPS (TTM) 4,641 VND · Dividend yield 1.3% · Net margin 5.8% · Return on equity 13.0% · Return on assets 1.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −54%, BVH screens richer than that median.

Fair Value models

Bear 26,945 VND Fair Value 29,201 VND Bull 33,037 VND
Price 63,500 VND · Downside -54.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3,276 VND per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income 26,945 VND 29,201 VND 33,037 VND 76
Gordon GGM 7,114 VND 10,563 VND 13,554 VND 69
DDM Multi-Stage 7,114 VND 9,584 VND 11,676 VND 67
All 6 models by family
Dividend Discount
Gordon GGM 7,114 VND 10,563 VND 13,554 VND 69
DDM Multi-Stage 7,114 VND 9,584 VND 11,676 VND 67
Multiples
P/E Multiple 37,257 VND 49,676 VND 62,096 VND 63
P/B Multiple 33,471 VND 44,628 VND 55,785 VND 55
Asset-Based
NCAV (Graham) 15,939 VND 21,358 VND 31,877 VND 54
Economic Profit
Residual Income 26,945 VND 29,201 VND 33,037 VND 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 26
How much profit the company makes from its sales and capital
Quality Growth 41
Are margins and returns getting better?
Cashflow 73
Do the profits arrive as real cash?
Financial strength 5
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 69
How calm the share price moves, does not count
Price momentum 57
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 48
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
What shareholders gained per year (last 5 years), in VND (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in VND: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.2%
Dividend (yield on the price)1.3%
2025 sits 57% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

BVH screens overvalued: fair value 54% below the price. Compare with Allianz SE →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Diversified · 73 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Bottom 25%
Fair Value upside −54.0% · Bottom 25%
Profitability
Return on equity (12 months) 13.0% · Below median
Return on assets 1.0% · Bottom 25%
Net margin (12 months) 5.8% · Bottom 25%
Operating margin (12 months) 16.4% · Above median
Growth and dividend
Revenue growth (quarter YoY) 8.4% · Above median
Dividend yield (12 months) 1.3% · Bottom 25%

Valuation Multiplesvs Insurance - Diversified median · lower = cheaper

P/E (12 months) 13.7× · Pricier than median
P/B 1.92× · Pricier than median
P/S (12 months) 0.82× · Cheaper than median
Price / free cash flow (fiscal year) 8.3× · Cheaper than median
EV/EBITDA 5.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)42 · sector 38
PAST (return on equity)52 · sector 54
HEALTH (low debt)–
DIVIDEND (yield)25 · sector 73

VALUE 0: the price sits above our fair-value range.

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Arch Capital Group ACGL $107.28 $133.22 +24% vs BVH
American International Group AIG $77.75 $73.25 −6% vs BVH
The Hartford Insurance Group HIG $133.99 $115.03 −14% vs BVH
AXA SA CS €44.68 €35.31 −21% vs BVH
Talanx AG TLX €129.90 €89.76 −31% vs BVH
Sun Life Financial Inc SLF $71.53 $40.29 −44% vs BVH
Zurich Insurance Group ZURN CHF 630.20 CHF 320.92 −49% vs BVH
Allianz SE ALV €451.10 €229.28 −49% vs BVH
Assicurazioni Generali S.p.A G €43.73 €22.17 −49% vs BVH
Swiss Life Holding SLHN CHF 971.20 CHF 413.28 −57% vs BVH

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BaoViet Holdings: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "BaoViet Holdings Fair Value". https://www.fairvalue-calculator.com/stock/BVH

Frequently asked questions

Is BaoViet Holdings (BVH) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 29,201 VND versus a price of 63,500 VND, about 54% lower (overvalued).
What is the fair value of BVH?
Our model-based fair value for BaoViet Holdings is 29,201 VND (as of Nov 6, 2026), built from audited fundamentals. The current price: 63,500 VND.
What is the quality score of BVH?
BaoViet Holdings has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BaoViet Holdings (BVH)?
Our model-based price target is the fair value of 29,201 VND (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 26,945 VND, optimistic scenario 33,037 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the BaoViet Holdings stock forecast for 2026?
Our models put fair value at 29,201 VND, about 54% lower versus a price of 63,500 VND (overvalued). Cautious scenario 26,945 VND, optimistic scenario 33,037 VND. The calculation is refreshed regularly with new filings.
What is the revenue of BaoViet Holdings (BVH)?
BaoViet Holdings reported trailing-twelve-month revenue of about 57.4T VND (latest available figure, as of Nov 6, 2026).
Does BaoViet Holdings pay a dividend?
BaoViet Holdings currently shows a dividend yield of 1.27% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of BaoViet Holdings (BVH) and when is the ex-dividend date?
BaoViet Holdings pays a dividend of 809.00 VND per share a year, a dividend yield of 1.3%. The last ex-dividend date was Nov 14, 2025. A dividend has been paid every year since at least 2010. The payout ratio is 17.4% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of BaoViet Holdings (BVH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BaoViet Holdings it is 29,201 VND per share (as of Nov 6, 2026), against a price of 63,500 VND. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is BaoViet Holdings stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BVH trades above its calculated fair value: price 63,500 VND, fair value 29,201 VND, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BVH?
No. The price is what the market pays today (63,500 VND); the fair value is what the company's own numbers justify (29,201 VND). For BaoViet Holdings the two are 34,299 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is BaoViet Holdings worth?
The market values BaoViet Holdings at about 47.1T VND (market capitalisation, as of Nov 6, 2026). Per share that is 63,500 VND; our models calculate a fair value of 29,201 VND per share.
What do the bullish and bearish scenarios say about BVH?
Our models span a range for BaoViet Holdings: cautious scenario 26,945 VND, base 29,201 VND, optimistic 33,037 VND per share (as of Nov 6, 2026, price 63,500 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BVH?
BaoViet Holdings trades at a price-to-earnings ratio of 13.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29,201 VND is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 21.9. Other multiples: P/B 1.9, P/S 0.8, EV/EBITDA 5.3.
How solid is the balance sheet of BaoViet Holdings (BVH)?
Balance-sheet figures for BaoViet Holdings (as of Nov 6, 2026): return on equity 13.0%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is BVH from its 52-week high?
BaoViet Holdings trades at 63,500 VND, about 26% below its 52-week high of 86,000 VND and 24% above the low of 51,020 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 29,201 VND is for.
Which stocks are comparable to BaoViet Holdings?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BaoViet Holdings stock attractive at the current price?
The data as of Nov 6, 2026: price 63,500 VND, calculated fair value 29,201 VND (−54%), Quality Score 49/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BVH calculated?
We run BaoViet Holdings through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 29,201 VND builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. BaoViet Holdings itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BaoViet Holdings (BVH)?
The closing price on Nov 6, 2026 was 63,500 VND. Our model-based fair value is 29,201 VND, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BaoViet Holdings right now?
The price sits above even our optimistic bull case (33,037 VND). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of BaoViet Holdings

How large is the market capitalisation of BaoViet Holdings (BVH)?
The market capitalisation of BaoViet Holdings is 47.1T VND (≈ $1.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BaoViet Holdings (BVH)?
The price-to-sales ratio of BaoViet Holdings is 0.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BaoViet Holdings (BVH)?
Earnings per share at BaoViet Holdings are 4,641 VND (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BaoViet Holdings (BVH)?
The dividend yield of BaoViet Holdings is 1.3% (payout 17.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BaoViet Holdings (BVH)?
The net margin of BaoViet Holdings is 5.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BaoViet Holdings (BVH)?
The return on equity (ROE) of BaoViet Holdings is 13.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of BaoViet Holdings (BVH)?
The return on assets (ROA) of BaoViet Holdings is 1.7% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of BaoViet Holdings (BVH)?
The operating margin of BaoViet Holdings is 16.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BaoViet Holdings (BVH)?
Revenue at BaoViet Holdings is growing +8.4% versus a year earlier (3y avg +3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BaoViet Holdings (BVH)?
Earnings per share at BaoViet Holdings are growing +52.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BaoViet Holdings (BVH) generate?
The free cash flow of BaoViet Holdings is 5.7T VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BaoViet Holdings (BVH) carry?
The net debt of BaoViet Holdings is 1.4T VND (fiscal year 2024, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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