Vietnam Airlines (HVN.VN)

P/B ratio as of December 2025 : -25.6

According to Vietnam Airlines's latest financial reports the company has a price-to-book ratio of 0.692131.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Vietnam Airlines - P/B ratio (from 2019 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	N/A	-100%
2024-12-31	-6.88	331.87%
2023-12-31	-1.59	-42.77%
2022-12-31	-2.78	-103.53%
2021-12-31	78.9	1094.04%
2020-12-31	6.61	156.95%
2019-12-31	2.57
2018-12-31	N/A

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Vietnam Airlines (HVN.VN) - P/B ratio