No Va Land Investment Group Corp (NVL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of No Va Land Investment Group Corp stock VND 10,490, price VND 10,300, upside +1.8%, quality 37 out of 100. Rating: fairly valued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 7,535 VND – 84,651 VND · fair‑value band 7,867 VND – 13,112 VND · the 10,300 VND price screens below the 10,490 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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No Va Land Investment Group Corporation, together with its subsidiaries, engages in real estate trading in Vietnam.
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The company engages in the residence project development; civil and industrial construction; and provision of design and management consultancy services, as well as real estate brokerage services.
It is also involved in the leasing of factories and warehouses; management and investment consulting; short-term accommodation; and land use right auction activities, as well as real estate consulting and auction activities; and building picnic resorts.
The company was formerly known as Thanh Nhon Trading Limited. No Va Land Investment Group Corporation was incorporated in 1992 and is headquartered in Ho Chi Minh City, Vietnam.
Stock analysis
No Va Land Investment Group Corp (NVL) currently trades at 10,300 VND, while our model-based Fair Value estimate is 10,490 VND, so the stock looks roughly fairly valued today (gap 1.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of 24,320 VND per share, and 3 of the 4 models we run sit above the 10,300 VND price.
Bear case: the Asset-Based group reads lowest at 1,143 VND, and 1 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7,867 VND (bear) to 13,112 VND (bull), the price of 10,300 VND sits inside 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 37/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
No Va Land Investment Group Corp reported revenue of 7.0T VND in FY2025 versus 14.9T VND in FY2021, a compound −17.3%/yr. Reported net income was 1.7T VND in FY2025, compounding −14.2%/yr from FY2021.
Key figures
Market cap 23.0T VND (≈ $899M) Small · P/E ratio 4.1 · P/S ratio 1.95 · EPS (TTM) 2,517 VND · Net margin 52.7% · Return on equity 11.2% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin 23.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at 2%, NVL screens cheaper than that median.
Fair Value models
Bear7,867 VNDFair Value 10,490 VNDBull13,112 VND
Price 10,300 VND · Upside +1.8%
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 (2,152 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 Income12,230 VND12,230 VND12,519 VND76
P/S Multiple9,256 VND12,341 VND15,426 VND58
P/B Multiple27,224 VND36,298 VND45,373 VND55
All 4 models by family
Multiples
P/S Multiple9,256 VND12,341 VND15,426 VND58
P/B Multiple27,224 VND36,298 VND45,373 VND55
Asset-Based
NCAV (Graham)754.53 VND1,143 VND1,429 VND54
Economic Profit
Residual Income12,230 VND12,230 VND12,519 VND76
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Revenue growth 1 year
−23.2%
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.
−14.5%
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.
+6.7%
Start year 2020 (pandemic)
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in VND ⓘ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. 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.
−16.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 19%
Compare No Va Land Investment Group Corp with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate - Diversified · 114 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+1.8% · Below median
Profitability
Return on equity (12 months)11.2% · Top 25%
Return on assets0.7% · Bottom 25%
Net margin (12 months)52.7% · Top 25%
Operating margin (12 months)23.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)204.2% · Top 25%
Balance sheet
Debt / equity0.79× · Above median
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "No Va Land Investment Group Corp Fair Value". https://www.fairvalue-calculator.com/stock/NVL
Frequently asked questions
Is No Va Land Investment Group Corp (NVL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 10,490 VND versus a price of 10,300 VND, about +2% upside (fairly valued).
What is the fair value of NVL?
Our model-based fair value for No Va Land Investment Group Corp is 10,490 VND (as of Nov 4, 2026), built from audited fundamentals. The current price: 10,300 VND.
What is the quality score of NVL?
No Va Land Investment Group Corp has a Quality Score of 37/100. 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 No Va Land Investment Group Corp (NVL)?
Our model-based price target is the fair value of 10,490 VND (as of Nov 4, 2026) from 4 valuation models. Cautious scenario 7,867 VND, optimistic scenario 13,112 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the No Va Land Investment Group Corp stock forecast for 2026?
Our models put fair value at 10,490 VND, about +2% upside versus a price of 10,300 VND (fairly valued). Cautious scenario 7,867 VND, optimistic scenario 13,112 VND. The calculation is refreshed regularly with new filings.
What is the revenue of No Va Land Investment Group Corp (NVL)?
No Va Land Investment Group Corp reported trailing-twelve-month revenue of about 11.8T VND (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of No Va Land Investment Group Corp (NVL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For No Va Land Investment Group Corp it is 10,490 VND per share (as of Nov 4, 2026), against a price of 10,300 VND. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is No Va Land Investment Group Corp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NVL trades below its calculated fair value: price 10,300 VND, fair value 10,490 VND, a gap of about +2% (fairly valued). 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 NVL?
No. The price is what the market pays today (10,300 VND); the fair value is what the company's own numbers justify (10,490 VND). For No Va Land Investment Group Corp the two are 189.74 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is No Va Land Investment Group Corp worth?
The market values No Va Land Investment Group Corp at about 23.0T VND (market capitalisation, as of Nov 4, 2026). Per share that is 10,300 VND; our models calculate a fair value of 10,490 VND per share.
What do the bullish and bearish scenarios say about NVL?
Our models span a range for No Va Land Investment Group Corp: cautious scenario 7,867 VND, base 10,490 VND, optimistic 13,112 VND per share (as of Nov 4, 2026, price 10,300 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NVL?
No Va Land Investment Group Corp trades at a price-to-earnings ratio of 4.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10,490 VND is built from several models across several years. Other multiples: P/B 0.5, P/S 1.9, EV/EBITDA 9.7.
How solid is the balance sheet of No Va Land Investment Group Corp (NVL)?
Balance-sheet figures for No Va Land Investment Group Corp (as of Nov 4, 2026): return on equity 11.2%, debt of 0.79 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is NVL from its 52-week high?
No Va Land Investment Group Corp trades at 10,300 VND, about 46% below its 52-week high of 19,070 VND and 5% above the low of 9,767 VND (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 10,490 VND is for.
Which stocks are comparable to No Va Land Investment Group Corp?
From the same area (Real Estate) we also value Swiss Prime Site AG, The Phoenix Mills Limited, Prestige Estates Projects Limited, Umm Al Qura for Development and Construction Company, 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 No Va Land Investment Group Corp stock attractive at the current price?
The data as of Nov 4, 2026: price 10,300 VND, calculated fair value 10,490 VND (+2%), Quality Score 37/100, from 4 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 NVL calculated?
We run No Va Land Investment Group Corp through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 10,490 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. No Va Land Investment Group Corp currently trades 2% below its own fair value, and the market average says nothing about that. 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 No Va Land Investment Group Corp (NVL)?
The closing price on Nov 6, 2026 was 10,300 VND. Our model-based fair value is 10,490 VND, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with No Va Land Investment Group Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of No Va Land Investment Group Corp
How large is the market capitalisation of No Va Land Investment Group Corp (NVL)?
The market capitalisation of No Va Land Investment Group Corp is 23.0T VND (≈ $899M). 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 No Va Land Investment Group Corp (NVL)?
The price-to-sales ratio of No Va Land Investment Group Corp is 1.95 (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 No Va Land Investment Group Corp (NVL)?
Earnings per share at No Va Land Investment Group Corp are 2,517 VND (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of No Va Land Investment Group Corp (NVL)?
The net margin of No Va Land Investment Group Corp is 52.7% (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 No Va Land Investment Group Corp (NVL)?
The return on equity (ROE) of No Va Land Investment Group Corp is 11.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of No Va Land Investment Group Corp (NVL)?
On an EBIT basis the return on assets of No Va Land Investment Group Corp is 0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of No Va Land Investment Group Corp (NVL)?
The operating margin of No Va Land Investment Group Corp is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at No Va Land Investment Group Corp (NVL)?
Revenue at No Va Land Investment Group Corp is growing +204% versus a year earlier (3y avg −14.5%). 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 No Va Land Investment Group Corp (NVL)?
Earnings per share at No Va Land Investment Group Corp are growing +17.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does No Va Land Investment Group Corp (NVL) generate?
The free cash flow of No Va Land Investment Group Corp is −6.2T 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 No Va Land Investment Group Corp (NVL) carry?
The net debt of No Va Land Investment Group Corp is 62.8T VND (fiscal year 2025). 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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Thin data
Nov 4, 2026