Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) fair value: what the stock is really worth
We calculate from audited financials what Joint Stock Commercial Bank for Foreign Trade of Vietnam is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, but trading 28% above our fair value of 45,959 VND.
As of Aug 13, 2026, the fair value of Joint Stock Commercial Bank for Foreign Trade of Vietnam is 45,959 VND per share against a price of 58,900 VND, so the fair value sits 22% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 13, 2026
From 6 valuation models · updated 24 days ago
Fair value updated Aug 13, 2026, revised from 84,201 VND to 45,959 VND (−45.4%) since Jul 16, 2026. Share price −0.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (57,448 VND). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 34,861 VND – 76,000 VND · fair‑value band 34,469 VND – 57,448 VND · the 58,900 VND price screens above the 45,959 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) currently trades at 58,900 VND, while our model-based Fair Value estimate is 45,959 VND, implying the stock looks roughly 28.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of 39,508 VND per share, and 0 of the 6 models we run sit above the 58,900 VND price. Bear case: the Dividend Discount group reads lowest at 6,686 VND, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Joint Stock Commercial Bank for Foreign Trade of Vietnam generated revenue of 71.4T VND at a net margin of 50.3%. Revenue grew 13.2% year over year. It earns a return on equity of 16.4%. The stock trades on a trailing P/E of 14.9. Fundamentals as of Aug 13, 2026
Scenario range: 34,469 VND (bear) to 57,448 VND (bull), the price of 58,900 VND sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 25% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at −22%, VCB screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (2,700 VND per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 6 models by family
Widest divergence: Economic Profit (39,508 VND) versus Dividend Discount (6,686 VND). Highest evidence: DDM Multi-Stage (66).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 43
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam. The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities.
Full company description
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam. The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities. It also provides account services; digital banking services; payment, corporate, and credit cards; consumer, home, auto, and business loans; and investment and savings insurance. In addition, the company offers money payment and cash flow management services, such as business accounts, cash flow management, trade finance, fund transfer, and corporate cards; SME loans, such as credit by industry, short, medium, and long-term loans; guarantee services; foreign exchange and capital market services, such as forex trading, interest rate derivatives, and commodity derivatives; digital banking; supply chain solutions; and consulting and investment services. The company was formerly known as Bank for Foreign trade of Vietnam. Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded in 1963 and is headquartered in Hanoi, Vietnam.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Joint Stock Commercial Bank for Foreign Trade of Vietnam reported revenue of 69.1T VND in FY2025 versus 54.8T VND in FY2021, a compound +6.0%/yr. Reported net income was 35.2T VND in FY2025, compounding +12.6%/yr from FY2021.
VCB screens 28% overvalued. Compare with DBS Group →
Peer Group
Banks - Regional · 1070 stocks
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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Joint Stock Commercial Bank for Foreign Trade of Vietnam deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price sits beyond what a cash-flow model can represent: the valuation rests on more than today's free cash flow. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 75.65 SGD | 40.48 SGD | −46% |
| China Merchants Bank Co 3968 | HK$47.96 | HK$76.51 | +60% |
| Intesa Sanpaolo S.p.A ISP | €6.74 | €5.66 | −16% |
| HDFC Bank Limited HDB | $23.18 | $24.12 | +4% |
| BNP Paribas SA BNP | €104.54 | €144.64 | +38% |
| UniCredit S.p.A UCG | €84.71 | €77.62 | −8% |
| Mizuho Financial Group MFG | $10.74 | $9.69 | −10% |
| ICICI Bank Limited ICICIBANK | ₹1,423 | ₹835.21 | −41% |
| Oversea-Chinese Banking Corporation O39 | 31.07 SGD | 19.80 SGD | −36% |
| CaixaBank, S.A CABK | €13.52 | €8.85 | −35% |
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Frequently asked questions
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