Vietnam Prosperity Joint Stock Commercial Bank (VPB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Vietnam Prosperity Joint Stock Commercial Bank VND 22,327, price VND 22,056, upside +1.2%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 12,683 VND – 37,975 VND · fair‑value band 18,959 VND – 43,024 VND · the 22,056 VND price screens below the 22,327 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Vietnam Prosperity Joint Stock Commercial Bank provides various banking products and services to organizations and individuals in Vietnam. It operates through Banking and Credit Granting, Finance Company, Asset and Liabilities Management, Securities, and Insurance segments.
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Vietnam Prosperity Joint Stock Commercial Bank provides various banking products and services to organizations and individuals in Vietnam. It operates through Banking and Credit Granting, Finance Company, Asset and Liabilities Management, Securities, and Insurance segments. The company offers deposit products, including current and savings accounts; term and demand deposits; loans, including unsecured and secured loans; bancassurance; and card services. It also provides tap and pay services, e-banking, mortgage and auto loan, debit and credit, payment gateway, card payment services, trade finance, online chiropractic and disbursement services, tax payment, import and export services, internet banking, and financial market products, as well as personal services, such as interbank money transfer, western union service, salary payment service, currency exchange service, counting service, foreign currency verification service. The company was formerly known as Vietnam Joint Sock Commercial Bank for Private Enterprises and changed its name to Vietnam Prosperity Joint Stock Commercial Bank in July 2010. Vietnam Prosperity Joint Stock Commercial Bank was founded in 1993 and is headquartered in Hanoi, Vietnam.
Stock analysis
Vietnam Prosperity Joint Stock Commercial Bank (VPB) currently trades at 22,056 VND, while our model-based Fair Value estimate is 22,327 VND, implying the stock looks roughly 1.2% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 29,628 VND per share, and 3 of the 6 models we run sit above the 22,056 VND price.
Bear case: the Dividend Discount group reads lowest at 7,564 VND, and 3 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 18,959 VND (bear) to 43,024 VND (bull), the price of 22,056 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 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Vietnam Prosperity Joint Stock Commercial Bank reported revenue of 74.9T VND in FY2025 versus 45.6T VND in FY2021, a compound +13.2%/yr. Reported net income was 24.0T VND in FY2025, compounding +19.6%/yr from FY2021.
Key figures
Market cap 205T VND · P/E ratio 6.7 · P/S ratio 2.13 · EPS (TTM) 3,315 VND · Dividend yield 2.3% · Net margin 32.0% · Return on equity 15.8% · Return on assets 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 1%, VPB screens cheaper than that median.
Fair Value models
Bear 18,959 VNDFair Value 22,327 VNDBull 43,024 VND
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 (2,059 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.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.7%
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.
+8.8%
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.
+13.7%
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.
+13.2%
’19
’20
’21
’22
’23
’24
’25
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.
+16.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.5%
Dividend (yield on the price)2.3%
2025 sits 52% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Vietnam: IMF forecast 4.1% a year to 2030, 3.1% from 2016 to 2025) that is about +12.6% a year for the forecasts.
Compare Vietnam Prosperity Joint Stock Commercial Bank with another stock
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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.Banks - Regional · 1074 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside+1% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)50% · Top 25%
Operating margin (TTM)66% · Top 25%
Growth and dividend
Revenue growth35% · Top 25%
Dividend yield (TTM)2.3% · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Vietnam Prosperity Joint Stock Commercial Bank Fair Value". https://www.fairvalue-calculator.com/stock/VPB
Frequently asked questions
Is Vietnam Prosperity Joint Stock Commercial Bank (VPB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 22,327 VND versus a price of 22,056 VND, about +1% upside (fairly valued).
What is the fair value of VPB?
Our model-based fair value for Vietnam Prosperity Joint Stock Commercial Bank is 22,327 VND (as of Sep 24, 2026), built from audited fundamentals. The current price: 22,056 VND.
What is the quality score of VPB?
Vietnam Prosperity Joint Stock Commercial Bank has a Quality Score of 59/100. 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Our model-based price target is the fair value of 22,327 VND (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 18,959 VND, optimistic scenario 43,024 VND. It is a calculation from audited fundamentals, not an analyst target.
What is the Vietnam Prosperity Joint Stock Commercial Bank stock forecast for 2026?
Our models put fair value at 22,327 VND, about +1% upside versus a price of 22,056 VND (fairly valued). Cautious scenario 18,959 VND, optimistic scenario 43,024 VND. The calculation is refreshed regularly with new filings.
What is the revenue of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Vietnam Prosperity Joint Stock Commercial Bank reported trailing-twelve-month revenue of about 52.4T VND (latest available figure, as of Sep 24, 2026).
Does Vietnam Prosperity Joint Stock Commercial Bank pay a dividend?
Vietnam Prosperity Joint Stock Commercial Bank currently shows a dividend yield of about 2.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
For today's price to be fair in a discounted-cash-flow model, Vietnam Prosperity Joint Stock Commercial Bank would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of VPB use?
Our models discount Vietnam Prosperity Joint Stock Commercial Bank at 11.9 %: a base by market capitalisation (mid), damped by beta 0.49, country premium for Vietnam. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Vietnam Prosperity Joint Stock Commercial Bank that is less than minus 40 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Vietnam Prosperity Joint Stock Commercial Bank (VPB) delivered so far?
Over the past 5 years revenue at Vietnam Prosperity Joint Stock Commercial Bank grew +13.7 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Vietnam Prosperity Joint Stock Commercial Bank (VPB) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Vietnam Prosperity Joint Stock Commercial Bank (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The free-cash-flow yield on the price is 25.37 %: that much free cash flow Vietnam Prosperity Joint Stock Commercial Bank produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vietnam Prosperity Joint Stock Commercial Bank it is 22,327 VND per share (as of Sep 24, 2026), against a price of 22,056 VND. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Vietnam Prosperity Joint Stock Commercial Bank stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VPB trades below its calculated fair value: price 22,056 VND, fair value 22,327 VND, a gap of about +1% (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 VPB?
No. The price is what the market pays today (22,056 VND); the fair value is what the company's own numbers justify (22,327 VND). For Vietnam Prosperity Joint Stock Commercial Bank the two are 270.83 VND per share apart. That gap is exactly why we show both numbers side by side.
How much is Vietnam Prosperity Joint Stock Commercial Bank worth?
The market values Vietnam Prosperity Joint Stock Commercial Bank at about 205T VND (market capitalisation, as of Sep 24, 2026). Per share that is 22,056 VND; our models calculate a fair value of 22,327 VND per share.
What do the bullish and bearish scenarios say about VPB?
Our models span a range for Vietnam Prosperity Joint Stock Commercial Bank: cautious scenario 18,959 VND, base 22,327 VND, optimistic 43,024 VND per share (as of Sep 24, 2026, price 22,056 VND). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VPB?
Vietnam Prosperity Joint Stock Commercial Bank trades at a price-to-earnings ratio of 6.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 22,327 VND is built from several models across several years. Other multiples: P/B 1.2, P/S 3.9.
How solid is the balance sheet of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Balance-sheet figures for Vietnam Prosperity Joint Stock Commercial Bank (as of Sep 24, 2026): return on equity 15.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is VPB from its 52-week high?
Vietnam Prosperity Joint Stock Commercial Bank trades at 22,056 VND, about 33% below its 52-week high of 33,112 VND and at the low of 22,056 VND (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 22,327 VND is for.
Which stocks are comparable to Vietnam Prosperity Joint Stock Commercial Bank?
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 Vietnam Prosperity Joint Stock Commercial Bank stock attractive at the current price?
The data as of Sep 24, 2026: price 22,056 VND, calculated fair value 22,327 VND (+1%), Quality Score 59/100, 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 VPB calculated?
We run Vietnam Prosperity Joint Stock Commercial Bank through 6 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 22,327 VND, 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 14.1 % above its aggregate fair value. Vietnam Prosperity Joint Stock Commercial Bank currently trades 1 % 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The closing price on Sep 23, 2026 was 22,056 VND. Our model-based fair value is 22,327 VND, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vietnam Prosperity Joint Stock Commercial Bank right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (18,959 VND to 43,024 VND) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Vietnam Prosperity Joint Stock Commercial Bank
How large is the market capitalisation of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The market capitalisation of Vietnam Prosperity Joint Stock Commercial Bank is 205T VND. 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The price-to-sales ratio of Vietnam Prosperity Joint Stock Commercial Bank is 2.13 (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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Earnings per share at Vietnam Prosperity Joint Stock Commercial Bank are 3,315 VND (price ÷ EPS = P/E 6.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The dividend yield of Vietnam Prosperity Joint Stock Commercial Bank is 2.3% (payout 15.1%). 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The net margin of Vietnam Prosperity Joint Stock Commercial Bank is 32.0% (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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The return on equity (ROE) of Vietnam Prosperity Joint Stock Commercial Bank is 15.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The return on assets (ROA) of Vietnam Prosperity Joint Stock Commercial Bank is 2.3% (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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
The operating margin of Vietnam Prosperity Joint Stock Commercial Bank is 65.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Revenue at Vietnam Prosperity Joint Stock Commercial Bank is growing +34.7% versus a year earlier (3y avg +8.8%). 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 Vietnam Prosperity Joint Stock Commercial Bank (VPB)?
Earnings per share at Vietnam Prosperity Joint Stock Commercial Bank are growing +59.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Vietnam Prosperity Joint Stock Commercial Bank (VPB) carry?
The net debt of Vietnam Prosperity Joint Stock Commercial Bank is 64.2T VND (fiscal year 2025, ≈ 1.4 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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