Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11) 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.
Watch Joint Stock Commercial Bank for Foreign Trade of Vietnam, for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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.
Show more
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.
Stock analysis
Joint Stock Commercial Bank for Foreign Trade of Vietnam, (VCB11) currently trades at 3.06 THB, while our model-based Fair Value estimate is 6.00 THB, implying the stock looks roughly 49.0% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 14 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: 4.50 THB (bear) to 7.50 THB (bull), the price of 3.06 THB sits below 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 64/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Joint Stock Commercial Bank for Foreign Trade of Vietnam, reported revenue of 69.1T VND in FY2025 versus 66.3T VND in FY2022, a compound +1.4%/yr. Reported net income was 35.2T VND in FY2025, compounding +5.6%/yr from FY2022.
Key figures
Market cap 627B THB (≈ $18.8B) · P/E ratio 15.3 · P/S ratio 7.79 · EPS (TTM) 0.2000 THB · Net margin 50.9% · Return on equity 16.4% · Return on assets 1.5% · Revenue growth (YoY) +13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 96%, VCB11 screens cheaper than that median.
Fair Value models
Bear 4.50 THBFair Value 6.00 THBBull 7.50 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1447 THB 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.Evidence ⓘEvidence = 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.
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.6%
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.
+1.4%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
Compare Joint Stock Commercial Bank for Foreign Trade of Vietnam, with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Banks - Regional · 1073 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)50% · Top 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Banks - Regional 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). "Joint Stock Commercial Bank for Foreign Trade of Vietnam, Fair Value". https://www.fairvalue-calculator.com/stock/VCB11
Frequently asked questions
Is Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 6.00 THB versus a price of 3.06 THB, about +96% upside (undervalued).
What is the fair value of VCB11?
Our model-based fair value for Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 6.00 THB (as of Sep 13, 2026), built from audited fundamentals. The current price: 3.06 THB.
What is the quality score of VCB11?
Joint Stock Commercial Bank for Foreign Trade of Vietnam, has a Quality Score of 64/100. 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Our model-based price target is the fair value of 6.00 THB (as of Sep 13, 2026) from 4 valuation models. Cautious scenario 4.50 THB, optimistic scenario 7.50 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Joint Stock Commercial Bank for Foreign Trade of Vietnam, stock forecast for 2026?
Our models put fair value at 6.00 THB, about +96% upside versus a price of 3.06 THB (undervalued). Cautious scenario 4.50 THB, optimistic scenario 7.50 THB. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Joint Stock Commercial Bank for Foreign Trade of Vietnam, it is 6.00 THB per share (as of Sep 13, 2026), against a price of 3.06 THB. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Joint Stock Commercial Bank for Foreign Trade of Vietnam, stock overvalued or undervalued in 2026?
As of Sep 13, 2026, VCB11 trades below its calculated fair value: price 3.06 THB, fair value 6.00 THB, a gap of about +96% (undervalued). 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 VCB11?
No. The price is what the market pays today (3.06 THB); the fair value is what the company's own numbers justify (6.00 THB). For Joint Stock Commercial Bank for Foreign Trade of Vietnam, the two are 2.94 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Joint Stock Commercial Bank for Foreign Trade of Vietnam, worth?
The market values Joint Stock Commercial Bank for Foreign Trade of Vietnam, at about 627B THB (market capitalisation, as of Sep 13, 2026). Per share that is 3.06 THB; our models calculate a fair value of 6.00 THB per share.
What do the bullish and bearish scenarios say about VCB11?
Our models span a range for Joint Stock Commercial Bank for Foreign Trade of Vietnam,: cautious scenario 4.50 THB, base 6.00 THB, optimistic 7.50 THB per share (as of Sep 13, 2026, price 3.06 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VCB11?
Joint Stock Commercial Bank for Foreign Trade of Vietnam, trades at a price-to-earnings ratio of 15.3 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.00 THB is built from several models across several years.
How solid is the balance sheet of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Balance-sheet figures for Joint Stock Commercial Bank for Foreign Trade of Vietnam, (as of Sep 13, 2026): return on equity 16.4%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is VCB11 from its 52-week high?
Joint Stock Commercial Bank for Foreign Trade of Vietnam, trades at 3.06 THB, about 19% below its 52-week high of 3.79 THB and 13% above the low of 2.70 THB (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 6.00 THB is for.
Which stocks are comparable to Joint Stock Commercial Bank for Foreign Trade of Vietnam,?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam, stock attractive at the current price?
The data as of Sep 13, 2026: price 3.06 THB, calculated fair value 6.00 THB (+96%), Quality Score 64/100, 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 VCB11 calculated?
We run Joint Stock Commercial Bank for Foreign Trade of Vietnam, through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6.00 THB, 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 16.0 % above its aggregate fair value. Joint Stock Commercial Bank for Foreign Trade of Vietnam, currently trades 96 % 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The closing price on Sep 18, 2026 was 3.06 THB. Our model-based fair value is 6.00 THB, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Joint Stock Commercial Bank for Foreign Trade of Vietnam, right now?
The price is below even our cautious bear case (4.50 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam,
How large is the market capitalisation of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The market capitalisation of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 627B THB (≈ $18.8B). 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The price-to-sales ratio of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 7.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Earnings per share at Joint Stock Commercial Bank for Foreign Trade of Vietnam, are 0.2000 THB (price ÷ EPS = P/E 15.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The net margin of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 50.9% (fiscal year 2025). 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The return on equity (ROE) of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 16.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
The return on assets (ROA) of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 1.5% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
How fast is revenue growing at Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Revenue at Joint Stock Commercial Bank for Foreign Trade of Vietnam, is growing +13.2% versus a year earlier (3y avg +1.4%). 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11)?
Earnings per share at Joint Stock Commercial Bank for Foreign Trade of Vietnam, are growing +8.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB11) generate?
The free cash flow of Joint Stock Commercial Bank for Foreign Trade of Vietnam, is 115T VND (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed
Watch Joint Stock Commercial Bank for Foreign Trade of Vietnam, in the live analysis
One click puts Joint Stock Commercial Bank for Foreign Trade of Vietnam, on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
