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TPB
BanksNgân hàng Thương mại Cổ phần Tiên Phong
Ngân hàngNH
16.250
VND · Last close
Valuation Verdict
Undervalued
-120%Fair Value+120%
Intrinsic Value
19.582
Current
16.250
Gap
+20.5%
ModelPB ROE REGRESSION
Valuation Breakdown
NH→Bank
Classified as bank because company type is NH (commercial bank)
ModelP/B x ROE Regression
Intrinsic Value = Fair P/B x Book Value Per ShareEstimates fair value by finding the statistical relationship between how much investors pay for a bank's book value (P/B) and how efficiently it generates returns (ROE). A bank that earns more on its equity deserves a higher price-to-book multiple. We regress P/B against ROE, NIM, and cost efficiency across all listed Vietnamese banks to find where this bank should trade.
1
Model Inputs
Avg ROE→17.26%
Regression type→huber_multifactor
R²→0.6592
2
Valuation
Fair P/B
1.28x
x
BVPS
15.243
=
Intrinsic Value
19.582
Valuation Track Record
Retroactive intrinsic value vs actual close price — TPB
Earnings Quality
Fiscal year 2025
65
Fair
Accrual Quality
88Cash Conversion
100Margin Stability
68Revenue Quality
0Quantitative Scores
F-Score
4/9
Neutral
Sharpe
0.35
Positive
Composite
63
Fair
Price Risk
Momentum
+16.3%
Volatility
28.7%
Max Drawdown
-31.6%
Key Ratios
Fiscal year 2025
1.07P/B
P/E6.11
ROE17.7%
ROA1.6%
EPS2660.26
BVPS15242.61
Net Margin55.2%
Rev Growth18.5%
Profit Growth21.5%
Div Yield0.0%
Company Overview
Issued Shares
2774.0M
Charter Capital
27740.5B VND
Sector (ICB L2)
Ngân hàng
Industry (ICB L3)
Ngân hàng
Sub-industry
Ngân hàng
Company Type
NH
// OWNERSHIP_NETWORK
> mapping common ownership for TPB — hover nodes for intel, click to navigate
Computed 12/04/2026