VFS (VinFast Auto) Degree of Operating Leverage : 0.56 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

VFS VinFast Auto Ltd VFS
44 GF Score
Price $3.14
GF Value $12.84
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is VinFast Auto Degree of Operating Leverage?

VinFast Auto VFS +1.95% 44 Degree of Operating Leverage is 0.56 as of Mar. 2026. GuruFocus rates VFS with a GF Score™ of 44/100 and a GF Value™ of $12.84 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,299 Vehicles & Parts companies, VinFast Auto ranks better than 56.12% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. VinFast Auto's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 0.56. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for VinFast Auto's Degree of Operating Leverage or its related term are showing as below:

VFS's Degree of Operating Leverage is ranked better than
56.12% of 1299 companies
in the Vehicles & Parts industry
Industry Median: 0.95 vs VFS: 0.56

VinFast Auto  (NAS:VFS) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


VinFast Auto Degree of Operating Leverage Related Terms


VinFast Auto Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for VinFast Auto's Degree of Operating Leverage 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.

VinFast Auto Degree of Operating Leverage Chart

VinFast Auto Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial 5.18 -4.49 0.10 0.40 0.31

VinFast Auto Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Degree of Operating Leverage 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 0.45 0.24 0.59 0.31 0.56

VFS vs LCID, NIO, PSNY: Degree of Operating Leverage Comparison

For the Auto Manufacturers subindustry, VinFast Auto's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


VinFast Auto Degree of Operating Leverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where VinFast Auto's Degree of Operating Leverage falls into.


VFS
44GF Score
VinFast Auto Ltd VFS
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VinFast Auto Degree of Operating Leverage Calculation

VinFast Auto's Degree of Operating Leverage for the quarter that ended in Mar. 2026 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -3528.992 (Mar. 2026) / -2438.334 (Mar. 2025) - 1 )/( 3709.086 (Mar. 2026) / 2057.541 (Mar. 2025) - 1 )
=0.4473/0.8027
=0.56***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

What does a Degree of Operating Leverage of 0.56 mean?
VinFast Auto (VFS) has a Degree of Operating Leverage of 0.56 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for VinFast Auto and its competitors. According to the industry distribution chart, VinFast Auto ranks #570 out of 1299 companies in the Vehicles & Parts industry, placing it in the top 43.9%.
Is VinFast Auto's Degree of Operating Leverage too high?
VinFast Auto's current Degree of Operating Leverage is 0.56. The Vehicles & Parts industry median Degree of Operating Leverage is 0.95. VinFast Auto's value of 0.56 is 41.1% below this industry median. Based on the distribution chart, VinFast Auto ranks #570 out of 1299 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, VinFast Auto has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VinFast Auto's Degree of Operating Leverage compare to LCID and NIO?
According to the Vehicles & Parts industry distribution chart, VinFast Auto ranks #570 out of 1299 companies for Degree of Operating Leverage. This puts VinFast Auto in the upper half of its industry. The industry median Degree of Operating Leverage is 0.95. VinFast Auto's value of 0.56 is 41.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Vehicles & Parts company?
The median Degree of Operating Leverage among Vehicles & Parts companies is 0.95, based on 1,299 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VinFast Auto's current Degree of Operating Leverage of 0.56 is 41.1% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for VinFast Auto and its competitors. For the Vehicles & Parts industry, the median Degree of Operating Leverage is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VinFast Auto's current Degree of Operating Leverage is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VinFast Auto stock overvalued right now?
Based on GuruFocus' analysis, VinFast Auto (VFS) is currently considered Possible Value Trap. The stock's GF Value™ is $12.84, compared to a current price of $3.14 — trading 75.5% below its estimated fair value. The current Degree of Operating Leverage is 0.56 and 41.1% below the Vehicles & Parts industry median of 0.95. VinFast Auto's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For VinFast Auto (VFS), the current Degree of Operating Leverage is 0.56 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 VinFast Auto (VFS) Overvalued in 2026?

Based on GuruFocus' analysis, VinFast Auto stock appears to be undervalued. The current stock price of $3.14 is trading 75.5% below its estimated GF Value™ of $12.84. GuruFocus considers VinFast Auto to be Possible Value Trap.

Key valuation signals for VFS:

  • Degree of Operating Leverage: 0.56
  • GF Value™: $12.84 vs. price of $3.14 (75.5% below fair value)
  • GF Score™: 44/100 with 5 warning signs
  • Industry Position: 41.1% below the Vehicles & Parts median (#570 of 1299)

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


VinFast Auto Business Description

Other Exchanges 0TL:Germany
Address Dinh Vu - Cat Hai Economic Zone, Cat Hai Islands, Cat Hai Town, Cat Hai District, Hai Phong, VNM
VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus.
44GF Score

Get the complete analysis for VFS

Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.14
Price
$12.84
GF Value