VFS (VinFast Auto) Equity-to-Asset: -1.03 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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 $3.15
GF Value $12.27
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is VinFast Auto Equity-to-Asset?

VinFast Auto VFS +1.29% 44 Equity-to-Asset is -1.03 as of Mar. 2026. GuruFocus rates VFS with a GF Score™ of 44/100 and a GF Value™ of $12.27 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,333 Vehicles & Parts companies, VinFast Auto ranks worse than 99.25% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. VinFast Auto's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-7,282 Mil. VinFast Auto's Total Assets for the quarter that ended in Mar. 2026 was $7,042 Mil. Therefore, VinFast Auto's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was -1.03.

The historical rank and industry rank for VinFast Auto's Equity-to-Asset or its related term are showing as below:

VFS' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.2   Med: -1.03   Max: 0.07
Current: -1.03

During the past 6 years, the highest Equity to Asset Ratio of VinFast Auto was 0.07. The lowest was -1.20. And the median was -1.03.

VFS's Equity-to-Asset is ranked worse than
99.25% of 1333 companies
in the Vehicles & Parts industry
Industry Median: 0.49 vs VFS: -1.03

VinFast Auto  (NAS:VFS) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


VinFast Auto Equity-to-Asset Related Terms


VinFast Auto Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for VinFast Auto's Equity-to-Asset 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 Equity-to-Asset Chart

VinFast Auto Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial -0.90 -1.00 -0.97 -1.06 -0.95

VinFast Auto Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Equity-to-Asset 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 -1.12 -0.99 -0.82 -0.95 -1.03

VFS vs XPEV, LCID, LI: Equity-to-Asset Comparison

For the Auto Manufacturers subindustry, VinFast Auto's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where VinFast Auto's Equity-to-Asset falls into.


VFS
44GF Score
VinFast Auto Ltd VFS
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VinFast Auto Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

VinFast Auto's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=-6614.813/6945.121
=-0.95

VinFast Auto's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=-7281.772/7042.239
=-1.03

* 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 Equity-to-Asset →
What does a Equity-to-Asset of -1.03 mean?
VinFast Auto (VFS) has a Equity-to-Asset of -1.03 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on VinFast Auto and its competitors. According to the industry distribution chart, VinFast Auto ranks #1323 out of 1333 companies in the Vehicles & Parts industry, placing it in the top 99.2%.
Is VinFast Auto's Equity-to-Asset too high?
VinFast Auto's current Equity-to-Asset is -1.03. Based on the distribution chart, VinFast Auto ranks #1323 out of 1333 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. 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 Equity-to-Asset compare to XPEV and LCID?
According to the Vehicles & Parts industry distribution chart, VinFast Auto ranks #1323 out of 1333 companies for Equity-to-Asset. This places VinFast Auto in the lower half of its industry. The industry median Equity-to-Asset is 0.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Vehicles & Parts company?
The median Equity-to-Asset among Vehicles & Parts companies is 0.49, based on 1,333 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on VinFast Auto and its competitors. For the Vehicles & Parts industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VinFast Auto's current Equity-to-Asset is -1.03. 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 $12.27, compared to a current price of $3.15 — trading 74.3% below its estimated fair value. The current Equity-to-Asset is -1.03. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For VinFast Auto (VFS), the current Equity-to-Asset is -1.03 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 $3.15 is trading 74.3% below its estimated GF Value™ of $12.27. GuruFocus considers VinFast Auto to be Possible Value Trap.

Key valuation signals for VFS:

  • Equity-to-Asset: -1.03
  • GF Value™: $12.27 vs. price of $3.15 (74.3% below fair value)
  • GF Score™: 44/100 with 5 warning signs

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

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

$3.15
Price
$12.27
GF Value