Vinhomes JSC (STC:VHM) Debt-to-Equity: 0.62 (As of Mar. 2026) — 55% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:VHM Vinhomes JSC STC:VHM
90 GF Score
Price ₫132,000.00
GF Value ₫115,080.60
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vinhomes JSC Debt-to-Equity?

Vinhomes JSC STC:VHM +4.02% 90 Debt-to-Equity is 0.62 as of Mar. 2026, which is 55% above its 10-year median of 0.40. GuruFocus rates STC:VHM with a GF Score™ of 90/100 and a GF Value™ of ₫115,080.60 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,541 Real Estate companies, Vinhomes JSC ranks better than 55.42% on this metric.

Vinhomes JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₫55,456,879 Mil. Vinhomes JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₫106,609,958 Mil. Vinhomes JSC's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₫262,259,355 Mil. Vinhomes JSC's debt to equity for the quarter that ended in Mar. 2026 was 0.62.

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 Vinhomes JSC's Debt-to-Equity or its related term are showing as below:

STC:VHM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 0.4   Max: 2.22
Current: 0.62

During the past 9 years, the highest Debt-to-Equity Ratio of Vinhomes JSC was 2.22. The lowest was 0.16. And the median was 0.40.

STC:VHM's Debt-to-Equity is ranked better than
55.42% of 1541 companies
in the Real Estate industry
Industry Median: 0.73 vs STC:VHM: 0.62

Vinhomes JSC  (STC:VHM) 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.


Vinhomes JSC Debt-to-Equity Related Terms


Vinhomes JSC Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Vinhomes JSC'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.

Vinhomes JSC Debt-to-Equity Chart

Vinhomes JSC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.16 0.25 0.32 0.40 0.62

Vinhomes JSC 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 0.43 0.41 0.65 0.62 0.62

Vinhomes JSC Debt-to-Equity Competitor Comparison

For the Real Estate - Development subindustry, Vinhomes JSC'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.


Vinhomes JSC Debt-to-Equity vs Real Estate Industry

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

* The bar in red indicates where Vinhomes JSC's Debt-to-Equity falls into.


STC:VHM
90GF Score
Vinhomes JSC STC:VHM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Vinhomes JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vinhomes JSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Vinhomes JSC's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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 0.62 mean?
Vinhomes JSC (STC:VHM) has a Debt-to-Equity of 0.62 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vinhomes JSC and its competitors. This is 55% above median its historical median of 0.40. Over the past decade, Vinhomes JSC's Debt-to-Equity has ranged from 0.16 to 2.22. According to the industry distribution chart, Vinhomes JSC ranks #687 out of 1541 companies in the Real Estate industry, placing it in the top 44.6%.
Is Vinhomes JSC's Debt-to-Equity too high?
Vinhomes JSC's current Debt-to-Equity of 0.62 is 55% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.22. The Real Estate industry median Debt-to-Equity is 0.73. Vinhomes JSC's value of 0.62 is 15.1% below this industry median. Based on the distribution chart, Vinhomes JSC ranks #687 out of 1541 companies in the Real Estate industry, which is above the industry midpoint. Overall, Vinhomes JSC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #687 out of 1541 companies for Debt-to-Equity. This puts Vinhomes JSC in the upper half of its industry. The industry median Debt-to-Equity is 0.73. Vinhomes JSC's value of 0.62 is 15.1% below this benchmark. Historically, Vinhomes JSC's own Debt-to-Equity has ranged from 0.16 to 2.22 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.73, Vinhomes JSC has consistently been below 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 1,541 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. Vinhomes JSC's current Debt-to-Equity of 0.62 is 15.1% below 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 Vinhomes JSC 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. Vinhomes JSC's current Debt-to-Equity is 0.62, which is 55% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫115,080.60, compared to a current price of ₫132,000.00 — trading 14.7% above its estimated fair value. The current Debt-to-Equity is 0.62, which is 55% above median its 10-year median of 0.40 and 15.1% below the Real Estate industry median of 0.73. Vinhomes JSC's overall GF Score™ is 90/100 with 7 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 Vinhomes JSC (STC:VHM), the current Debt-to-Equity is 0.62 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?

Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued. The current stock price of ₫132,000.00 is trading 14.7% above its estimated GF Value™ of ₫115,080.60. GuruFocus considers Vinhomes JSC to be Modestly Overvalued.

Key valuation signals for STC:VHM:

  • Debt-to-Equity: 0.62 (55% above median its 10-year median of 0.40)
  • GF Value™: ₫115,080.60 vs. price of ₫132,000.00 (14.7% above fair value)
  • GF Score™: 90/100 with 7 warning signs
  • Industry Position: 15.1% below the Real Estate median (#687 of 1541)

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


Vinhomes JSC Business Description

Address Chu Huy Man Street, Vinhomes Riverside Area, Symphony Office Building, Phuc Loi Ward, Long Bien District, Hanoi, VNM
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
90GF Score

Get the complete analysis for STC:VHM

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

₫132,000.00
Price
₫115,080.60
GF Value