Sao Mai Group (STC:ASM) Debt-to-Equity: 2.47 (As of Mar. 2026) — 40% Above Median

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Director of Data and Quant Analytics at GuruFocus
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STC:ASM Sao Mai Group Corp STC:ASM
70 GF Score
Price ₫6,190.00
GF Value ₫7,022.88
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Sao Mai Group Debt-to-Equity?

Sao Mai Group STC:ASM +0.81% 70 Debt-to-Equity is 2.47 as of Mar. 2026, which is 40% above its 10-year median of 1.77. GuruFocus rates STC:ASM with a GF Score™ of 70/100 and a GF Value™ of ₫7,022.88 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,542 Real Estate companies, Sao Mai Group ranks worse than 88.46% on this metric.

Sao Mai Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₫7,336,845 Mil. Sao Mai Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₫6,359,976 Mil. Sao Mai Group's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₫5,542,592 Mil. Sao Mai Group's debt to equity for the quarter that ended in Mar. 2026 was 2.47.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sao Mai Group's Debt-to-Equity or its related term are showing as below:

STC:ASM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38   Med: 1.77   Max: 2.52
Current: 2.47

During the past 13 years, the highest Debt-to-Equity Ratio of Sao Mai Group was 2.52. The lowest was 0.38. And the median was 1.77.

STC:ASM's Debt-to-Equity is ranked worse than
88.46% of 1542 companies
in the Real Estate industry
Industry Median: 0.73 vs STC:ASM: 2.47

Sao Mai Group  (STC:ASM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Sao Mai Group Debt-to-Equity Related Terms


Sao Mai Group Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sao Mai Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sao Mai Group Debt-to-Equity Chart

Sao Mai Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 1.88 2.06 2.52 2.48

Sao Mai Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.41 2.41 2.38 2.48 2.47

STC:ASM vs CBRE, BEKE, JLL: Debt-to-Equity Comparison

For the Real Estate Services subindustry, Sao Mai Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sao Mai Group Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sao Mai Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sao Mai Group's Debt-to-Equity falls into.


STC:ASM
70GF Score
Sao Mai Group Corp STC:ASM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sao Mai Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sao Mai Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(7166721.776 + 6391963.587) / 5471060.736
=2.48

Sao Mai Group's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(7336845.427 + 6359976.008) / 5542591.913
=2.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 2.47 mean?
Sao Mai Group (STC:ASM) has a Debt-to-Equity of 2.47 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sao Mai Group and its competitors. This is 40% above median its historical median of 1.77. Over the past decade, Sao Mai Group's Debt-to-Equity has ranged from 0.38 to 2.52. According to the industry distribution chart, Sao Mai Group ranks #1364 out of 1542 companies in the Real Estate industry, placing it in the top 88.5%.
Is Sao Mai Group's Debt-to-Equity too high?
Sao Mai Group's current Debt-to-Equity of 2.47 is 40% above median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.52. The Real Estate industry median Debt-to-Equity is 0.73. Sao Mai Group's value of 2.47 is 238.4% above this industry median. Based on the distribution chart, Sao Mai Group ranks #1364 out of 1542 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sao Mai Group has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sao Mai Group's Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sao Mai Group ranks #1364 out of 1542 companies for Debt-to-Equity. This places Sao Mai Group in the lower half of its industry. The industry median Debt-to-Equity is 0.73. Sao Mai Group's value of 2.47 is 238.4% above this benchmark. Historically, Sao Mai Group's own Debt-to-Equity has ranged from 0.38 to 2.52 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 0.73, Sao Mai Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.73, based on 1,542 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sao Mai Group's current Debt-to-Equity of 2.47 is 238.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sao Mai Group and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sao Mai Group's current Debt-to-Equity is 2.47, which is 40% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Mai Group stock overvalued right now?
Based on GuruFocus' analysis, Sao Mai Group (STC:ASM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫7,022.88, compared to a current price of ₫6,190.00 — trading 11.9% below its estimated fair value. The current Debt-to-Equity is 2.47, which is 40% above median its 10-year median of 1.77 and 238.4% above the Real Estate industry median of 0.73. Sao Mai Group's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sao Mai Group (STC:ASM), the current Debt-to-Equity is 2.47 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sao Mai Group (STC:ASM) Overvalued in 2026?

Based on GuruFocus' analysis, Sao Mai Group stock appears to be undervalued. The current stock price of ₫6,190.00 is trading 11.9% below its estimated GF Value™ of ₫7,022.88. GuruFocus considers Sao Mai Group to be Modestly Undervalued.

Key valuation signals for STC:ASM:

  • Debt-to-Equity: 2.47 (40% above median its 10-year median of 1.77)
  • GF Value™: ₫7,022.88 vs. price of ₫6,190.00 (11.9% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 238.4% above the Real Estate median (#1364 of 1542)

No single metric tells the full story. See the STC:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sao Mai Group Business Description

Address Number 326 Hung Vuong Street, My Long Ward, An Giang, Long Xuyen City, VNM
Sao Mai Group Corp is a company engaged in the real estate sector. It develops urban zones, residential areas and resorts, as well as leases houses and offices. It is also engaged in investment in the infrastructure business, residential area, urban area, industrial zone.
70GF Score

Get the complete analysis for STC:ASM

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫6,190.00
Price
₫7,022.88
GF Value