P

Phu Nhuan Jewelry JSC
VN:PNJ

Watchlist Manager
Phu Nhuan Jewelry JSC
VN:PNJ
Watchlist
Price: 125 800 VND -0.55% Market Closed
Market Cap: ₫42.9T

Operating Margin

8.5%
Current
Improving
by 1.2%
vs 3-y average of 7.3%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
8.5%
=
Operating Income
₫2.9T
/
Revenue
₫33.9T

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
8.5%
=
Operating Income
₫2.9T
/
Revenue
₫33.9T

Peer Comparison

Country Company Market Cap Operating
Margin
VN
Phu Nhuan Jewelry JSC
VN:PNJ
42.9T VND
Loading...
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
271.3B EUR
Loading...
FR
Hermes International SCA
PAR:RMS
214.1B EUR
Loading...
KR
SBW
KRX:102280
235.5T KRW
Loading...
FR
EssilorLuxottica SA
PAR:EL
120B EUR
Loading...
CH
Compagnie Financiere Richemont SA
SIX:CFR
87.9B CHF
Loading...
FR
Christian Dior SE
PAR:CDI
92.4B EUR
Loading...
FR
Kering SA
PAR:KER
32.5B EUR
Loading...
IN
Titan Company Ltd
NSE:TITAN
3.5T INR
Loading...
DE
Adidas AG
XETRA:ADS
26.6B EUR
Loading...
CN
ANTA Sports Products Ltd
HKEX:2020
219B HKD
Loading...

Market Distribution

In line with most companies in Vietnam
Percentile
63rd
Based on 643 companies
63rd percentile
8.5%
Low
-10 851.5% — 2%
Typical Range
2% — 11.3%
High
11.3% — 318.1%
Distribution Statistics
Vietnam
Min -10 851.5%
30th Percentile 2%
Median 5.3%
70th Percentile 11.3%
Max 318.1%

Phu Nhuan Jewelry JSC
Glance View

Phu Nhuan Jewelry JSC, often referred to simply as PNJ, operates at the glittering intersection of innovation and tradition in Vietnam's booming jewelry market. Born from modest beginnings in 1988, PNJ has grown into a heavyweight contender, blending craftsmanship with modern flair to capture the hearts of consumers across Southeast Asia. The company is strategically positioned in the jewelry value chain, focusing on the design, manufacture, and retail of a diverse range of products. PNJ is renowned for its wide selection of jewelry that caters to a variety of tastes and budgets—from high-end luxury pieces to more accessible, everyday accessories. The company's brand, synonymous with quality and elegance, is built on a foundation of precise craftsmanship and a keen sense of fashion trends, ensuring that their offerings consistently resonate with the evolving desires of their customers. Beyond the glittering storefronts and dazzling displays, PNJ's business model is finely tuned to capture value at every link of the supply chain. They generate revenue primarily by selling their jewelry through a robust network of retail outlets, which span across Vietnam and extend to select international markets. Additionally, PNJ has innovated on their retail strategy by embracing e-commerce and omnichannel sales, enhancing customer convenience and expanding reach. By maintaining control over their manufacturing processes, PNJ ensures high-quality production while optimizing costs, allowing them to offer competitive pricing. Moreover, their commitment to sustainable practices and social responsibility not only strengthens their brand but also builds customer loyalty in an increasingly conscientious consumer landscape. This strategic blend of quality, accessibility, and innovation continues to solidify PNJ's status as a leader in the industry.

PNJ Intrinsic Value
100 602.32 VND
Overvaluation 20%
Intrinsic Value
Price
P
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
8.5%
=
Operating Income
₫2.9T
/
Revenue
₫33.9T
What is Phu Nhuan Jewelry JSC's current Operating Margin?

The current Operating Margin for Phu Nhuan Jewelry JSC is 8.5%, which is above its 3-year median of 7.3%.

How has Operating Margin changed over time?

Over the last 3 years, Phu Nhuan Jewelry JSC’s Operating Margin has increased from 7.4% to 8.5%. During this period, it reached a low of 6.6% on Sep 30, 2024 and a high of 8.5% on Sep 30, 2025.

Back to Top